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News
Why Bermuda's newest Lloyd's entrants keep renting someone else's managing agency
2+ day, 16+ hour ago (573+ words) If you've followed Lloyd's start-up news over the past couple of years, you'll have noticed a pattern. A Bermuda-based re/insurance group announces it's heading to London. It picks up in-principle... Why Bermuda's newest Lloyd's entrants keep renting someone else's…...
Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More
4+ day, 8+ hour ago (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...
MNK Group lands first EU carrier with capital injection into ETU
4+ day, 2+ hour ago (401+ words) MNK Group has acquired ETU Forsikring A/S, a Danish non-life insurer authorised since 2006. The deal gives the London-based Lloyd's broker its first regulated carrier inside the European Union. Finanstilsynet, the Danish Financial Supervisory Authority, confirmed its approval on September…...
TRIA has held up for 25 years, but cyber terrorism is the untested frontier — Morningstar DBRS
4+ day, 9+ hour ago (546+ words) A new report from Morningstar DBRS which marks 25 years since the September 11 attacks found that the federal terrorism backstop built in their aftermath has proven durable for conventional terrorism risk but faces a genuinely unresolved question when it comes to…...
The backstop 9/11 forced Australia to build just got used twice in six weeks
4+ day, 12+ hour ago (355+ words) For eleven years after Australia's terrorism reinsurance scheme opened for business, nobody ever had to use it. Then, within the space of six weeks this summer, the Australian Reinsurance Pool Corporation (ARPC) made two separate terrorism declarations - the Bondi Beach…...
Claims technology, community access drive insurer wins at FSC awards
4+ day, 14+ hour ago (474+ words) The Financial Services Council (FSC) has named the winners of its 2026 industry awards, with insurers taking five of the eight categories. The results, read together, point to three areas drawing concentrated attention across the sector: claims infrastructure, health access for…...
The insurance backstop 9/11 built almost everywhere - except Canada
5+ day, 6+ min ago (358+ words) The uncomfortable answer, twenty-five years after 9/11, is that Canada still doesn't have one. The US, UK, France and Germany all built a government-backed reinsurance mechanism for exactly this kind of loss in the two years after the attacks. Canada looked…...
‘Flight to quality’ creates opening for HDI Global’s US push: CEO
5+ day, 21+ min ago (604+ words) HDI Global US is expanding its physical footprint, specialist underwriting capabilities and broker-facing leadership as the carrier pursues a larger share of the US commercial insurance market. New CEO Shadi Albert (pictured) said the expansion is intended to capitalize on…...
Surcharge ban creates a trust account problem brokers haven’t spotted yet
4+ day, 18+ hour ago (644+ words) Australian insurance brokers have three weeks to resolve a cost problem the Reserve Bank of Australia’s (RBA) headline saving figure was not built to fix – and a compliance question buried in their merchant agreement that most will not know the…...
Insurance moves: Markel, Skyward Specialty, Church Mutual, Octave Specialty and Brown & Riding
5+ day, 7+ hour ago (823+ words) Several insurance organizations announced leadership changes this week, ranging from a board-level chairman transition at Markel Group to specialty underwriting, finance and investor relations hires elsewhere in the industry. Markel Group has announced that Steve Markel (pictured, left) will retire…...