News
FMA chief executive Samantha Barrass to step down in 2027
2+ hour, 55+ min ago (277+ words) Samantha Barrass will step down as chief executive of the Financial Markets Authority " Te Mana T'tai Hokohoko (FMA) when her five-year term ends in January 2027, with the regulator preparing to begin the search for her successor. Barrass will not seek…...
APRA flags rising AI and cyber risks
3+ hour, 20+ min ago (500+ words) Strong capital, liquidity, and prudential safeguards mean our financial system is well-positioned to absorb shocks and continue providing critical services to households and businesses, even if economic conditions deteriorate," APRA chair John Lonsdale said. Sustaining that resilience, however, will require…...
Are AI exclusions in D&O becoming inevitable?
12+ hour, 54+ min ago (836+ words) Insurers are taking a cautious wait-and-see approach to artificial intelligence risks as banks and corporate clients experiment with the technology but stop short of large-scale deployment, according to senior executives at Gallagher. The emerging consensus across the directors" and officers…...
Unum UK sees rapid uptake of digital claims platform
19+ hour, 8+ min ago (435+ words) Employers are turning to digitally led tools to manage rising long-term sickness absence, with new figures from specialist employee benefits provider Unum UK pointing to faster take-up of platform-based claims submission and earlier intervention in the absence cycle. Digitally led…...
Orvia continues European buildout with Netherlands launch
22+ hour, 28+ min ago (662+ words) Orvia Underwriting has followed its London market entry with a move into the Netherlands, extending the MGA platform's operations across Europe at a time when insurers and MGAs are increasing their focus on specialist commercial risks, cyber exposure and cross-border…...
What happens when submission volume breaks your workflow? Feathery has an answer
1+ day, 12+ hour ago (285+ words) Something is cracking inside commercial insurance right now, and most teams can feel it even if they haven't named it yet. Submission volume is climbing fast - faster than the workflows built to handle it - and the gap between the two…...
One in seven UK consumers drop cover as cost pressures bite " Premium Credit
2+ day, 40+ min ago (410+ words) Around one in seven UK consumers have cancelled or decided against buying insurance in the past year, according to new research from Premium Credit." This compares with the 8% recorded in last year's Insurance Index who said they had been unable…...
Washington's $40 billion Hormuz insurance fix: zero takers
4+ day, 2+ hour ago (579+ words) The US Development Finance Corporation's $40 billion maritime reinsurance program " backed by Chubb, AIG, Berkshire Hathaway, Travelers, Liberty Mutual and Starr, and announced by President Trump as the mechanism that would restore energy flows through the Strait of Hormuz " has written…...
Steadfast becomes member of Washington DC commercial insurance body
6+ day, 15+ hour ago (382+ words) Insurance Business Steadfast becomes member of Washington DC commercial insurance body The association chief cites a need for broader geographic voices at the table Steadfast Group has become a member of the Council of Insurance Agents & Brokers (CIAB), a Washington,…...
Financial results: Westaim, Mount Logan post Q1 2026 numbers
6+ day, 16+ hour ago (529+ words) Two North American financial services groups have released first-quarter 2026 results, with both reporting pressure on headline earnings tied to early-stage insurance build-outs, accounting treatment of new annuity business, and one-off items. The Westaim Corporation reported a Q1 2026 net loss of $33. 4 million,…...