Speaking during Marsh McLennan’s Q1 2025 earnings call this afternoon, Dean Klisura, CEO of reinsurance broker Guy Carpenter, provided an outlook for the mid-year reinsurance renewals. Klisura indicated that he expects the trends seen during the January 1 and April 1 renewals to continue into the June 1 renewal period, offering a sense of stability […]
Amwins Special Risk Underwriters (SRU) has launched its new Excess Casualty Sidecar Program, offering comprehensive coverage solutions across a wide range of industries. Available exclusively through Amwins brokers and written on A+ rated paper, the program provides follow-form excess liability on a quota-share basis, delivering flexibility and strong protection for clients. Key features include a […]
Independent insurance broker Lockton has announced the appointment of Chris DiLullo as its first U.S. Industry Practices Leader. In this newly created role, DiLullo will report to Tim Ryan, U.S. President at Lockton, and lead the firm’s national strategy across key sectors — including construction, healthcare, law firms, life sciences, real estate, energy, and transportation. […]
According to Aon’s Q1 Global Catastrophe Recap, insured losses in the opening quarter exceeded $53 billion, well above the 21st-century Q1 average of $17 billion, marking the second-highest total on record after Q1 2011. As per the firm’s report, the California wildfires contributed approximately $38 billion to this insured loss total, or 71%. Meanwhile, Q1 […]
Ignyte Insurance has officially launched as a specialty insurance platform focused on acquiring, scaling, and accelerating high-performing insurance brands in niche markets globally. Led by Geof McKernan, Bill McKernan and Marc Castellucci, the launch follows the recent sale of NSM Insurance Group’s U.S. commercial business to New Mountain Capital. With decades of experience in building […]
Neptune Flood, a private flood insurance provider in the US, has announced several strategic leadership updates to support its ongoing expansion. Matt Duffy has been promoted from Managing Director to President. In this expanded role, Duffy will lead Neptune’s strategic initiatives, manage partnerships, and oversee daily operations. Since joining the company, he has played a […]
Gallagher has launched a new Risk Advisory practice for the Middle East and Africa (MEA) region with the appointment of Stephen Scott as its Head. In his new role he will bring together Gallagher’s global consulting and analytic capabilities with a regional team to deliver local tailored solutions. As part of the recently created Client […]
Global broking group Marsh McLennan’s reinsurance arm, Guy Carpenter, saw its revenue increase in the first quarter of 2025 to $1.2 billion, as total revenue within the Risk & Insurance Services segment rose 11%. Guy Carpenter’s revenue increased by 5% year on year on both a GAAP and underlying basis and follows strong revenue of […]
K2 Cyber, a K2 Insurance Services brand, has partnered with TransUnion, a global information and insights company, for Commercial Cyber Services and Cyber Claims Management. Through this collaboration, K2 Cyber policyholders will have access to TransUnion’s TruEmpower™ CyberScout solution. This comprehensive service is designed to help companies address and mitigate cyber incident risks. Thanks to […]
International speciality re/insurance MGA Rokstone, part of the Aventum Group, has announced the appointment of Giles Hussey as SEO of its Dubai International Financial Centre (DIFC) operations, subject to regulatory approval. With a 35-year career in reinsurance broking and underwriting, Hussey brings a wealth of experience to the role, having spent over two decades dedicated […]
