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News
Renewals season inspires insurers to consider new opportunities
2+ day, 18+ 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…...
Rising liability estimates are reshaping aviation insurance renewals
3+ day, 5+ 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
3+ day, 9+ 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…...
Willis Re appoints new CEO
4+ day, 59+ min ago (505+ words) Captive International Willis Re appoints new CEO Willis Re has announced the appointment of Neil Eckert (pictured) as chief executive. Eckert will lead Willis Re's global broking and advisory strategy, working closely with the firm's leadership team to drive growth…...
The 30-day renewal is dead — why brokers are starting earlier than ever
4+ day, 5+ 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
4+ day, 7+ 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…...
Willis names Trevor Madden APAC captive head
4+ day, 16+ hour ago (234+ words) He will oversee captive and insurance management operations across the region from Singapore. Willis, a WTW business, has appointed Trevor Madden as head of Captive and Insurance Management Solutions for Asia-Pacific (APAC), effective 1 November 2026. Based in Singapore, Madden will oversee…...
London market sees treaty insurance premiums fall – IUA
6+ day, 1+ 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…...
EQT bets on long-term trends in insurance broking with McGill; Altor exits Flex IT to Eurazeo???s T1A
6+ day, 10+ hour ago (82+ words) EQT bets on long-term trends in insurance broking with McGill; Altor exits Flex IT to Eurazeo’s T1A pehub.com A verification email is on its way to you. Please check your spam or junk folder just in case. Need help signing…...
Insurance moves: Verve, Coalition, Sedgwick
6+ day, 7+ 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…...