Day: June 21, 2026

The Australian Reinsurance Pool Corporation (ARPC), the government-owned agency that manages Australia’s terrorism and cyclone reinsurance arrangements, has appointed Cameron Hick as its new Chief Underwriting Officer (CUO). Hick has taken up the position of CUO Designate, and will work closely with Michael Pennell, PSM, the current CUO of ARPC, to ensure an orderly transition. […]

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Aviva, the UK-based insurance, wealth and retirement group, has announced plans to rename Probitas 1492 as ‘Aviva Syndicates’, as part of the continued integration of its Lloyd’s platform into the company’s Global Corporate & Specialty (GCS) division. The new branding is expected to be introduced from the end of September, with brokers and clients seeing […]

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Researchers say a sweeping hacking campaign targeting devices made by Fortinet has led to compromises across the internet, with evidence of password theft at Fortune 500 companies and government agencies in more than 15 countries. Most of the affected devices …

Our novel artificial intelligence model can predict extreme storm surges with high accuracy, including under future climate conditions. Because the AI model runs much faster, it can help researchers and practitioners better assess coastal flood risk for adaptation planning. Sea …

A new Lloyd’s market consortium has been launched to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz, Lloyd’s announced. Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist …

The Trump administration is dropping near-term plans to dismantle a $386 million federal ocean-observing system after encountering resistance from scientists and Congress. The National Science Foundation said Thursday it will pause efforts to decommission most of the Ocean Observatories Initiative, …

Gallagher Re has suggested that nearly daily outbreaks of severe convective storm (SCS) activity in the first two weeks of June, which affected several major metro areas from the Rockies to the Northeast in the United States, will have an estimated aggregated cost to the insurance industry in the mid-single-digit billions. According to the firm’s […]

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Lloyd’s has launched a new market consortium with Chubb as lead underwriter, supported by participating Lloyd’s syndicates and specialist partners, to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. According to an official announcement from Lloyd’s, the consortium brings together leading underwriting expertise and additional market capacity […]

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Recent flooding in South Africa’s Western Cape province, which includes the tourist hub of Cape Town, caused more than 9 billion rand ($548 million) of damage, a total that’s expected to rise once final assessments are completed. “Our infrastructure budget …

Three Amazon.com Inc. workers say the company violated a Seattle ordinance by interrogating them after they testified in favor of regulation of data centers in the city. Darius Irani, Patrick Schloesser and Liesl Wigand, members of an employee group that …