News

At the start of 2025, the US property and casualty (P&C) insurance market shows a stable and predictable outlook, according to the latest report from insurance broker Lockton. The March edition highlights current US economic conditions, key industry trends, and offers expert commentary on the main challenges facing insurance buyers today. […]

ShoreOne Insurance Managers Inc., a provider of insurance solutions for coastal homeowners, has strategically partnered with Trisura Specialty Insurance Company, increasing its capacity to homeowners in select coastal regions. ShoreOne, founded in 2019, aims to address the coverage gap that flood-exposed coastal homeowners face. This latest […]

The use of the artificial intelligence (AI) model DeepSeek among mainland China insurance companies has the potential to enhance operational efficiencies for small to medium-sized carriers, though it also introduces risks, according to AM Best. Several insurers in China have announced the deployment of DeepSeek in their operations. In a new […]

Safety National Casualty Corporation, a specialty provider of insurance and reinsurance, has expanded its leadership team with several key management promotions, all effective April 1st, 2025. Mark Walls has been named Corporate Senior Vice President and Chief Marketing Officer. Walls has been with Safety National for over 25 years in various […]

In an effort to better protect US homeowners from increasing flood risks, Westfield, a property and casualty insurance company, is introducing a new inland flood coverage add-on. This new option is designed to help bridge the gap in flood insurance for homeowners living outside traditional high-risk flood zones, particularly in areas that are […]

Argo Group, an underwriter of specialty insurance products, has appointed Chris Donahue as Chief Executive Officer. Donahue, who joined the company in November 2023 as Chief Financial Officer, succeeds Jessica Buss, who has served as Argo’s Chief Executive Officer since November 2023. With this is mind, David Chan has been named as Argo’s […]

Global insurance and reinsurance broker Aon has announced the appointment of Esther Kim as Director, Treaty on the Korea and Regional team. The executive, who brings over 15 years of experience to her new role, will be based in Singapore and report to Katy Fairweather, Aon’s Head of Global Reinsurance Clients, Asia. Kim’s career encompasses […]

The Fidelis Partnership’s (TFP) wholly-owned subsidiary, Pine Walk Capital Limited, has launched Sevanta Specialty Liability Limited (Sevanta), a new international casualty MGA. Sevanta will specialise in niche international specialty liability, writing business globally on both a primary and excess basis. This marks Pine Walk’s first casualty […]

A second consecutive year of robust financial performance in 2024 has bolstered the credit strength of Europe’s four largest reinsurers, positioning them to navigate potentially less favourable market conditions in 2025, according to a recent Fitch Ratings report. Positive market conditions, sustained underwriting discipline, and strong […]

Africa Specialty Risks (ASR) has agreed to Binding Authority Agreements with Slovenian reinsurance group Sava Re, which will provide capacity of up to $10 million in line size per agreement across all core ASR classes. For those unfamiliar, Sava Re is the operating holding company of the Sava Insurance Group and maintains “A”-level long-term […]