Soft market persists for reinsurers amid rate declines and strong capital, Autonomous finds
Autonomous, a financial research and analytics firm, reports that the reinsurance sector is navigating a persistently soft market, with solid profitability continuing to influence renewals. According to Autonomous, the first month of the year saw reinsurers underperform relative to expectations,…
Arch Insurance North America expands primary cyber coverage to Canada
Arch Insurance North America has expanded its primary cyber coverage solution, Arch CyPro, to include Canada, effective April 1st, 2026. The cyber coverage, which builds on Arch’s established excess layer cyber capabilities, will be available in Canada through Arch Insurance…
Critical cloud outage risk remains significant despite decline in occurrence: Parametrix
Parametrix, a provider of digital business interruption solutions, disclosed in a new whitepaper that although critical cloud service outages declined in 2025 after several years of sustained increases, the risk remains significant. According to the firm’s Cloud Outage Risk Report…
ICG hires Luke Schlafly as Global Head of Insurance Client Solutions
ICG, an alternative asset manager specialist, has appointed Luke Schlafly as Global Head of Insurance within its Client Solutions Group (CSG), reporting to Alan Isenberg, Global Head of CSG. In his new role, Schlafly’s primary focus will be to enhance…
Old Republic establishes new specialised property insurer, led by Everest’s Hagerty
Old Republic International Corporation, a specialty insurer operating in property & casualty and title insurance, has established Old Republic Property, Inc., to underwrite specialised property insurance products through a national retail broker distribution network. The new firm is the seventh…
India reportedly considering $1.5bn reinsurance fund for vessels travelling through conflict zones
The Indian government is reportedly considering a $1.5 billion fund to provide reinsurance cover to Indian vessels travelling through conflict zones, such as the Strait of Hormuz, which remains effectively closed to most international shipping due to the ongoing Iran…
ClimateWise appoints Syal and Branagan as co-chairs of Insurance Advisory Council
Cambridge Institute for Sustainability Leadership’s (CISL) ClimateWise has appointed Tokio Marine Kiln’s Vivek Syal and RenaissanceRe’s Ian Branagan as co-chairs of its C-suite Insurance Advisory Council. ClimateWise brings together the insurance industry through a member network convened by the University…
GCC insurers’ underwriting profitability at risk from Hormuz disruption, Fitch warns
Assessing insurers’ vulnerability to an adverse scenario in which the Strait of Hormuz remains effectively closed until June 2026, Fitch Ratings has warned that a spike in inflation or supply chain disruption could drive up claims costs, putting particular pressure…
Ascot names Ian Lowe as Head of Bermuda Property Treaty
Ascot, a global specialty insurance and reinsurance group, has appointed Ian Lowe as Head of Bermuda Property Treaty. In his new role, Lowe succeeds Simon Kimberley, who has resigned to pursue other opportunities. He will report to Marc Amen, Chief…
DFC and Chubb reveal new partners for expanded Maritime Reinsurance plan
The U.S. International Development Finance Corporation (DFC) and Chubb have revealed six additional American insurance partners that will provide reinsurance for the DFC’s Maritime Reinsurance plan: Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA. As previously reported, Chubb…