Author: halcyonltd

The flood insurance gap in the United States is big and it’s not getting better.

Lincoln Financial, a US financial services company specialising in insurance, retirement and wealth management products, has announced the promotion of three senior executives to its Senior Management Committee (SMC). The company has named Darrel Tedrow as Executive Vice President, President of Life Insurance and Retail Shared Services; Curtis Chesney as Executive Vice President, President of […]

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The fire threat across the U.S. West will rise Friday and remain dangerous through Saturday for many areas, including Northern California, as lightning strikes risk igniting dry vegetation. Critical fire weather conditions and dry lightning will prevail across the western …

The fire threat across the U.S. West will rise Friday and remain dangerous through Saturday for many areas, including Northern California, as lightning strikes risk igniting dry vegetation. Critical fire weather conditions and dry lightning will prevail across the western …

This edition of International People Moves details appointments at global re/insurers Arch Capital Group and Sompo. A summary of these new hires follows here. Arch Capital Group Ltd., the Bermuda-based provider of insurance, reinsurance and mortgage insurance, announced the promotions …

Canadian commercial lines premium rates continued to increase in the first quarter of 2026, yet at 1.67% have declined relative to average premium renewals in the same quarter last year of 3.85%, according to Applied Systems’ Applied Commercial Index™. On a quarter-over-quarter basis, premium renewal rate increases softened across nearly all major commercial lines, with […]

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The Insurance Information Institute (Triple-I), a US insurance industry research and education organisation, has reported a substantial rise in lightning-related homeowners insurance losses across the United States in 2025, driven by both an increase in claim volumes and higher repair and reconstruction costs. According to analysis published by Triple-I, insurers paid an estimated $1.65 billion […]

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Iran and the United States are about to sign a peace deal that will reopen the Strait of Hormuz, the narrow waterway that carries about one-fifth of the world’s oil. Oil prices reacted quickly to the announcement of the tentative …

CRC Group, an independent wholesale specialty insurance distributor, has announced that its Insurisk platform has launched a Middle Market Property Program, providing responsive capacity and specialised underwriting solutions for non-catastrophe commercial property risks. The programme supports single-location and small-schedule accounts through a streamlined underwriting approach and efficient market access. It is backed by A.M. Best […]

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Hub International Limited (HUB), headquartered in Chicago, Illinois, appointed Paul Collins as Northeast area president, effective July 1. In this expanded role, Collins will continue to lead HUB Northeast while also assuming responsibility for HUB New England. Collins has been …