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News
Renewals season inspires insurers to consider new opportunities
3+ day, 16+ hour ago (455+ words) As insurers and reinsurers gathered in Monaco for the annual Rendez-Vous de Septembre (Sept. 5-9) to discuss market trends and set upcoming renewals, two reinsurers and an affiliate research institute sent out dispatches. They noted the risks posed by artificial intelligence…...
Consumers already trust AI with insurance decisions, and that breaks the usual pattern
4+ day, 4+ hour ago (431+ words) Every previous wave of digital change in insurance has run into the same obstacle: trust. Consumers hesitated to move to digital channels, and they hesitated to share data in exchange for better pricing, largely because they didn't trust the systems…...
Rising liability estimates are reshaping aviation insurance renewals
4+ day, 3+ hour ago (675+ words) Aviation insurers are recalculating how much a single passenger death could cost them, with higher liability assumptions feeding through into capacity and pricing at airline renewals. According to Nigel Weyman (pictured), global executive - aerospace at Gallagher in London, the shift…...
Gibraltar and UK together account for 32 insurer failures since 2000 — PACICC
4+ day, 7+ hour ago (401+ words) The Property and Casualty Insurance Compensation Corporation, Canada's P&C guarantee fund, has published the fourth edition of its Global Failed Insurer Catalogue, recording 1,273 insurer failures worldwide across 98 countries since 2000. The United Kingdom recorded 20 of those failures, placing it 11th globally…...
The 30-day renewal is dead — why brokers are starting earlier than ever
5+ day, 3+ hour ago (721+ words) Some commercial insurance brokers are beginning renewal discussions as much as five months before expiry as persistent casualty pressures raise the stakes around submission quality and carrier engagement. The extended timeline reflects an increasingly divided market. Average US commercial insurance…...
Neil Eckert to lead Willis Re after Conduit departure | Reinsurance Business
5+ day, 5+ hour ago (279+ words) Willis Re was relaunched in late 2024 as a joint venture between WTW and Bain Capital. WTW had sold its original reinsurance arm to Arthur J. Gallagher for US$3.25 billion in 2021. Growth since relaunch has been built primarily on talent. The broker…...
P&C industry's best half in years hides a casualty problem
6+ day, 4+ hour ago (267+ words) The US property and casualty industry nearly tripled its net underwriting income in the first half of 2026. The result reflects a market where property and casualty lines are moving in sharply different directions. Net underwriting income reached $31.2 billion in the…...
Arachas acquires Sligo insurance brokers
6+ day, 8+ hour ago (53+ words) Business Post Arachas acquires Sligo insurance brokers €133k to build Ireland’s new transport security force Was Metrolink oversold to former boss Sean Sweeney? ‘Not by me’, says transport minister Limerick engineering firm DECI to create 250 US jobs Recipes: Three dishes to…...
London market sees treaty insurance premiums fall – IUA
6+ day, 23+ hour ago (65+ words) AIG secures minority stakes in Convex and Onex UK datacentre growth raises supply chain concerns Manchester Airports Group hit by major cyber attack Losses from July storms estimated at €2,186m Acrisure UK and ESET partner on cyber business resilience Tokio Marine…...
Insurance moves: Verve, Coalition, Sedgwick
1+ week, 5+ hour ago (194+ words) By Camille Joyce Lisay Three appointments late last week point in different directions but share a common thread: each represents a deliberate expansion of capability rather than a straight replacement hire, whether that is new Lloyd's-backed underwriting capacity in financial…...