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Home page | The Insurer The Insurer from Reuters The Insurer The Insurer TV Cyber Risk Sustainable Program Manager E&S Parametric Sign in Subscribe Articles Region London Market Europe US / Americas Bermuda Asia Pacific Topics Broking Casualty Cyber ILS InsurTech and innovation Legacy Legal/ Regulatory Lloyd’s Losses M&A Parametric People Moves Property catastrophe Results Specialty Events & Conferences Events Content Types News Analysis Viewpoint Commentary Interview News Analysis Commentary Viewpoint Interview Events Videos Shepherd CEO Levine says renewables push targets 100 MW-plus projects, admitted casualty gaps Aon’s Wanat and Hackenburg flag casualty strain, data center risk ahead of Orlando P&C symposium Exclusive: Shepherd enters renewable energy with casualty program in first expansion beyond construction WRBC clashes with reinsurers over COVID event cancellations in High Court battle Howden Re expects continuation of 'gradual' aviation reinsurance market hardening WR Berkley flags tougher competition as pricing pressure spreads beyond property WR Berkley executives said competition is intensifying across commercial insurance markets, with sharp pricing declines in property beginning to spill into casualty lines, though the specialty insurer remains focused on underwriting discipline and selective growth. Brown & Brown expects ‘somewhat flat’ specialty distribution organic growth in Q1 Investors sent Brown & Brown’s share price down more than 7% on Tuesday morning in response to a 2.8% fall in its fourth-quarter organic revenue. Latest Articles Personal auto regains momentum as homeowners recovery hinges on reinsurance Ivans index: GL, commercial property and umbrella rate rises accelerate in Q4 NFP hires Arch's Spencer as SVP commercial risk Northeast Euclid Transactional: Severe losses, valuation-driven claims and global exposure drive $1 billion-paid milestone Coalition launches private equity cyber solution More News Aon targets faster placement decisions with AI and analytics as renewal pace accelerates Lockton’s Novi hires AmTrust/ANV trio to spearhead Vantage-backed MPL offering Aon sees winter storm insured losses in hundreds of millions as claims picture develops California-based ISC acquires SBS in its ongoing wholesale expansion Powell Brown: Howden has taken Brown & Brown clients representing $23 million of revenue Garzella unveils independent agent-focused financial advisory specialist Insurance Accountants Dubai startup Mantas raises $1.77 million to insure cloud risks Willis returns to light and recreational general aviation market Brit renews US HPL Consortium 7882 with $10 million capacity by Lloyd's Analysis Personal auto regains momentum as homeowners recovery hinges on reinsurance US insurance composite fell 1.7% last week, continues to underperform Zurich bid puts Beazley valuation to the test Why no-poach agreements are causing anti-competitive concerns for UK and EU regulators PwC estimates $5 billion of legacy liabilities transacted in 2025, deal flow to accelerate in 2026 Insurers show interest in Venezuela re-entry amid expectation of new opportunities Undercurrents is The Insurer's new, monthly deep-dive analysis of what is taking place below the surface on major issues affecting the (re)insurance markets Undercurrents: Europe’s moment Bureaucratisation, and how to avoid it European MGAs eye opportunities, but talent must take the plunge Is the fronting juggernaut stalling? AI: the power and the peril Cyber Risk Insurer Coalition launches private equity cyber solution Coalition has introduced a specialized practice for private equity firms, sponsors, general partners and their portfolio companies to help them manage cyber risks. AI-driven attacks, ‘synthetic identities’ set to fuel next wave of mega breaches, Experian warns Artificial intelligence-driven cyberattacks, the rise of “synthetic identities” built from vast troves of stolen data and the growing threat of quantum computing are set to accelerate the scale, frequency and cost of data breaches in 2026, according to Experian’s latest industry forecast. Axis: AI-driven attacks top cyber threat list, but US and UK leaders differ on preparedness Artificial intelligence-driven attacks are viewed as the greatest emerging cyber threat to organizations across the U.S. and UK, though U.S. executives feel significantly more prepared than their UK counterparts, according to a new report from Axis Capital. BMS hires senior cyber broker from Gallagher Gallagher's James Pearce has joined BMS Group as a senior cyber broker in London, he announced on LinkedIn on Thursday. Insurers face heightened cyberattack risk, DynaRisk warns Insurers and brokers face a higher risk of cyberattack than other financial services firms, according to analysis by cyber risk specialist DynaRisk. Woods and Johansmeyer: Cyber war unlikely to generate catastrophic losses in isolation Two cyber risk specialists have pushed back against the concept that cyber warfare could lead to a catastrophic cyber loss. Cyber insurtech Stoïk raises 20 million euros in Series C round French cyber MGA Stoïk has secured 20 million euros ($23.4 million) in a Series C funding round, led by Opera Tech Ventures and CEO Jules Veyrat's family investment firm Impala. Exclusive: Howden launches cyber practice as US operation reaches around 800 employees Howden has launched a dedicated U.S. cyber practice, assembling a senior team across brokerage, growth strategy, client engagement, private equity and M&A, and claims, sources familiar with the matter said, as the broker continues to scale its U.S. business, which now numbers around 800 employees. Biba launches broker directory to boost cyber insurance access The British Insurance Brokers' Association is partnering with Britain's Department for Science, Innovation and Technology to launch an accredited directory of expert cyber insurance brokers to boost UK businesses' access to vital cover amid rising threats, it announced on January 14. Beazley’s Gray to head its new cyber ILS operation in Bermuda Beazley’s third-party capital head Richard Gray is to relocate to Bermuda to lead the London-listed insurer’s new cyber insurance-linked securities operations, which form part of the nascent platform announced in November. 1.1 cyber renewals show no let-up in abundant reinsurance capacity (The Insurer) - The January 2026 cyber reinsurance renewals were marked by ample capacity and a growing willingness to write non-proportional cover, although reinsurers sharpened their focus on rate adequacy. ‘Period of AI disillusionment’ tipped for 2026 This year may deliver a reality check for the insurance industry’s use of artificial intelligence, which is also reshaping cyber threats. Cyber talent shake-up starts the year The year has started with four prominent U.S.-based cyber heads leaving their roles as Howden hired Markel’s Lou Botticelli and Vantage Risk’s Juliet White, while Jacob Ingerslev has left Tokio Marine HCC and Boxx Insurance’s Christyn Yoast is joining CFC. Beazley and Chubb return to cyber ILS market but new sponsors elusive Cyber catastrophe bond issuance picked up during the recent January renewals with two deals that were both firsts for the market. Subrogation 'top of mind' in cyber insurance litigation Recent cyber insurance-related court decisions include a subrogation ruling involving Axis and a win for Lloyd’s related to payroll overpayments made during a ransomware business interruption. JLR action raises questions over government role in cyber events Cyber market leaders have been debating the role of cyber insurance backstops following the UK government providing Jaguar Land Rover with a loan guarantee expected to unlock 1.5 billion pounds ($2 billion) to support its supply chain. Boxx's US president Yoast joins CFC as cyber talent realignment accelerates Boxx Insurance’s president of U.S. operations Christyn Yoast has exited the cyber-focused insurer to join CFC Group as global head of commercial, marking the latest senior move in a busy start to the year for cyber insurance leadership changes. Exclusive: Beazley global head of claims Diamond exits Beazley’s group chief claims and litigation officer Beth Diamond has exited the specialty insurer, the company has confirmed, marking the latest senior leadership departure to touch the cyber insurance ecosystem amid a period of heightened turnover across carrier platforms. Exclusive: Testudo to launch Lloyd's capacity-backed GenAI liability offering as AI-related lawsuit filings rise Startup MGA Testudo is poised to imminently launch a new Lloyd's capacity-backed generative artificial intelligence liability product, with the offering coming to market as lawsuit filings tied to the technology surged 137% in 2025, according to a new report from the company. Cyber insurers refining policy language as supply chain, privacy and AI concerns grow: Gallagher Cyber insurers are expected to refine policy language in 2026 in response to growing supply chain and privacy losses, as well as address artificial intelligence exposures, in 2026, Arthur J Gallagher believes. Parametric Insurer Dubai startup Mantas raises $1.77 million to insure cloud risks Apollo and ZenHedge launch parametric freight expense cover Descartes launches data center parametric cover CelsiusPro partners with Ecom to design parametric policy for Indonesian coffee farmers Parametric travel startup WeatherPromise raises $12.8 million in Series A funding Parametric uptake increased in the softening reinsurance market at 1.1 The Insurer TV Claims leaders on talent, social mobility and why the ‘genie isn’t going back in the bottle’ on hybrid work The London market has made visible strides on gender representation in senior claims roles, but its next leadership challenge is widening the pipeline beyond the industry’s traditional networks through “targeted and deliberate strategies”. Insurers face heightened cyberattack risk, DynaRisk warns Insurers and brokers face a higher risk of cyberattack than other financial services firms, according to analysis by cyber risk specialist DynaRisk. Axis’ Bailey: Research reveals divergence among executive attitudes toward AI Research by Axis has revealed noticeable differences among CEOs and chief information security officers (CISOs) on the trustworthiness of artificial intelligence in making cybersecurity decisions. Investors attracted to casualty sidecars by private credit traits Casualty sidecars are drawing interest from private equity and institutional investors because they share many of the characteristics of private credit, including medium-term duration, clear exit paths and attractive risk-adjusted returns, according to Guy Carpenter's Ed Hochberg and Culpeper Capital Partners' David King. MGAA disappointed after FCA opposes giving MGAs sole responsibility for product design and oversight The Managing General Agents’ Association has expressed disappointment at the UK regulator’s proposal not to give MGAs sole authority to design and oversee insurance products without risk-bearing insurers taking co-responsibility. Marsh sees data centers as ‘full digital infrastructure’ challenge as $61 billion poured into sector The surge in global data-center investment is creating one of the most complex risk challenges facing insurers and brokers, according to Michelle Sartain, who said Marsh is positioning itself as a lead advisor across the entire digital-infrastructure ecosystem. South: Marsh to ‘win through talent’ as mobility accelerates across broking sector Marsh is doubling down on its employee value proposition as talent mobility accelerates across the broking sector, with competition for high-impact roles becoming one of the firm’s top strategic priorities, according to Marsh Risk chief executive Martin South. AI amplifies existing risks rather than creating new ones, Marsh's Sartain says Marsh Risk's U.S. and Canada president Michelle Sartain says artificial intelligence is accelerating and amplifying existing business risks rather than creating entirely new exposures, as the broker pushes to embed AI across its operations while advising clients on emerging threats. White: Why industry societies matter in fine art and specie Emma White didn’t enter the London market with an art history degree or a specialist background in fine art. Instead, she joined Liberty Specialty Markets via its graduate programme in 2016 and discovered her niche by rotating through teams before landing in fine art and specie, where she has spent the past decade building her career. Marsh rebrand aims to sharpen client impact and accelerate internal collaboration across risk, talent and strategy The decision to retire the Marsh McLennan brand in favor of a single Marsh identity is aimed at simplifying how the company shows up to clients to address their risk, talent and strategy needs and to accelerate internal collaboration, according to Marsh Risk chief executive Martin South. Marsh will stay selective on M&A as rivals chase scale, South says Marsh will continue to pursue acquisitions selectively, prioritizing capability-building over pure scale as consolidation accelerates across the global broking industry, according to Marsh Risk chief executive Martin South. Marsh’s Sartain flags geoeconomic confrontation and AI disruption as converging business risks Escalating geoeconomic confrontation, the spread of misinformation and rapid advances in artificial intelligence are colliding to create a more volatile and unpredictable operating environment for global businesses, reshaping how leaders assess risk and resilience, according to Michelle Sartain, president for U.S. and Canada at Marsh Risk. Marsh’s Kolodner: Inside the new era of energy security, surging demand for electrons Marsh is kicking off its North American Energy Industry Conference on January 14-15 with a pointed thesis for the year ahead: energy risk is no longer a side conversation, it’s the main agenda item. GC's Cordonnier: Cyber reinsurance renewals presented buyers with more choice Cyber reinsurance buyers entered the January 1 renewals with significantly more leverage than a year ago, as abundant capacity and loss-free programs opened the door to sharper pricing and alternative structures, according to Guy Carpenter's Anthony Cordonnier. Commentary Guillaume Bonnissent’s Insurance Technology Diary: Forward and back Guillaume Bonnissent’s Insurance Technology Diary: IT boldly go Guillaume Bonnissent’s Insurance Technology Diary: My two-part prediction for 2026 Guillaume Bonnissent’s Insurance Technology Diary: Ask and Ye Shall Not Receive Guillaume Bonnissent’s Insurance Technology Diary: The trouble with pegs and holes Finding the right fit Program Manager Euclid Transactional: Severe losses, valuation-driven claims and global exposure drive $1 billion-paid milestone Severe loss payments, valuation-driven claims and expanding international exposure are reshaping the risk profile of the global transactional insurance market, as carriers supporting Euclid Transactional-backed policies pass a $1 billion cumulative loss-paid milestone far faster than previously anticipated, according to new data from Euclid Transactional. Lockton’s Novi hires AmTrust/ANV trio to spearhead Vantage-backed MPL offering Lockton Affinity’s Novi Underwriters has hired Jason Binette, James Cinque and Cody Ruggirello from AmTrust Financial and its former MGA affiliate ANV Global Services to lead its new Vantage Risk-backed management liability offering. Shepherd CEO Levine says renewables push targets 100 MW-plus projects, admitted casualty gaps Shepherd’s move into renewable energy builds on groundwork the company laid earlier this year as it hired senior underwriting leadership and moved to secure capacity for an energy-focused casualty offering, chief executive Justin Levine said. Exclusive: Shepherd enters renewable energy with casualty program in first expansion beyond construction Insurtech underwriter Shepherd has entered the renewable energy and power market, launching a new primary and excess casualty insurance program that marks its first expansion beyond construction, according to program materials and people familiar with the offering. BMS Re names former RYZE CEO Grippa as US chief strategy officer BMS Re has appointed veteran insurance executive Tony Grippa as chief strategy officer for its U.S. business, as the reinsurance broker looks to accelerate organic growth across programs, mutuals and specialty lines. Doxa’s Chatham gets C&F capacity for new agg XoL coverage Doxa’s managed care-focused unit Chatham Insurance Services has launched a new aggregate excess of loss coverage backed by the AM Best A-plus-rated capacity of Crum & Forster’s United States Fire Insurance Company. Victor launches new UK property owners program backed by A-rated capacity Victor has brought a new UK property owners insurance program to market offering maximum limits of up to 15 million pounds ($20.6 million) per location and which is backed by a panel of A-rated insurers. Distinguished Programs launches new marine cargo offering, led by former Tokio Marine executives Distinguished Programs has added a new marine cargo program, expected to start underwriting in the first half of 2026, that will be led by a team of former Tokio Marine executives, the program manager and MGA announced on Monday. Exclusive: Hive hires Everest's Lewis for marine market launch Hive Underwriters has hired Everest Insurance's Nick Lewis to lead its launch into the marine insurance market, the Bruce Carman-led MGA confirmed to The Insurer on Monday. Starwind names Manion marine and energy chairman amid trio of senior appointments Starwind Specialty Insurance Services has named David Manion chairman of its marine and energy platform, with Alex Porter and Chester Rose also handed new roles as part of a trio of senior appointments at the newly formed unit. Insurica buys transportation MGA and program manager First Light Insurica Insurance Services has acquired all the outstanding equity of Florida-based First Light Program Managers, with the acquisition the largest in the U.S. insurance broker’s history and adding more than 100 employees. Banyan Risk names insurance veteran Sheekey as CFO Bermuda-based MGA Banyan Risk has appointed Brian Sheekey as chief financial officer, the company said on Thursday. Exclusive: Skyway Underwriters rolls out ResiQuant platform for Florida coastal wind underwriting AmCoastal-backed MGA Skyway Underwriters has partnered with San Francisco-based ResiQuant to deploy its artificial intelligence platform across Skyway's Florida apartment and assisted living programs, as the MGA expands beyond condominium-focused business into additional coastal property segments. Exclusive: Tuckerman Underwriting launches SML program with MS Amlin-led capacity Tuckerman Underwriting has launched a sexual misconduct liability program backed by capacity from Lloyd’s and led by MS Amlin. Exclusive: MS Transverse brings in McGrath as head of program underwriting Hybrid fronting carrier MS Transverse has appointed industry veteran and former AIG programs executive Tom McGrath as senior vice president and head of program underwriting, the company confirmed to Program Manager. Fidelis Partnership hires Ki's Khan to lead broker relationships The Fidelis Partnership has appointed Mark Khan as head of broker relationships, the specialty (re)insurance group announced on Thursday. Cyber insurtech Stoïk raises 20 million euros in Series C round French cyber MGA Stoïk has secured 20 million euros ($23.4 million) in a Series C funding round, led by Opera Tech Ventures and CEO Jules Veyrat's family investment firm Impala. Insurtech MGA Counterpart expands offering with new A&E product Insurtech MGA Counterpart announced on Tuesday that it has launched an architects, engineers and construction professionals (A&E) professional liability offering for design and design-build firms. Distinguished Programs adds Ostermayer as VP of business development in fine art and collectibles unit Distinguished Programs has appointed Kristen Ostermayer as vice president of business development and industry relations for the East region within its fine art and collectibles program. Exclusive: AmTrust to transition commercial trucking business to ANV Transportation MGA AmTrust Financial Services is moving its commercial trucking business to a newly formed MGA, ANV Transportation, which will be part of the ANV Group platform recently launched in a strategic partnership with Blackstone Credit & Insurance, according to a letter sent to agents and seen by The Insurer. E&S Insurer California-based ISC acquires SBS in its ongoing wholesale expansion California-based Integrated Specialty Coverages (ISC) announced on Tuesday that it has acquired Ohio-based wholesale brokerage Specialty Brokerage Services (SBS). Ledgebrook Re builds out team with trio of Ardonagh hires, launches Dubai and London ops Ledgebrook Re has hired Neil Templeman as head of capital solutions, Owen Roddy as SVP of strategy and reinsurance and William Mulcahy as head of actuarial, in addition to establishing operations in Dubai and London. CRC Group names Blessing office president in Kansas City CRC Group has named Matt Blessing as office president in Kansas City, Missouri, where he’ll continue to lead and grow the firm's select binding operations. Exclusive: CRC Group hires longtime Marsh veteran Lang as head of carrier management CRC Group has hired Christopher Lang from Marsh as head of carrier management, according to people familiar with the matter. Brown & Riding hires property broker Fagan from CRC U.S. wholesale insurance brokerage Brown & Riding has hired Seth Fagan as vice president, property broker, for its national property practice. AIG strikes partnership with CVC in $3.5 billion credit, secondaries push AIG and CVC have agreed an investment partnership that will steer up to $3.5 billion of AIG capital into CVC-managed credit and private equity secondaries strategies, the companies said on Monday. Exclusive: Burns & Wilcox names Carson to lead Chicago, Franso takes operations post as firm elevates regional leadership Burns & Wilcox has elevated a number of longtime executives into new leadership roles across operations, professional liability and regional offices, including naming Sam Carson as managing director in Chicago and moving O’Neil Franso into an operations leadership role, as the wholesaler kicks off 2026 with a broad management reshuffle. Skyward Specialty expands E&S property with excess coverage Skyward Specialty Insurance has added excess coverage to its E&S property offering it said on Thursday, bolstering capacity for complex non-catastrophe risks. AIG promotes Smallcombe to president of Lexington AIG has promoted Neil Smallcombe to president of its wholesale unit Lexington Insurance Company with the executive assuming the role from Lou Levinson, who will now focus solely on his role as CEO. CRC REDY: Cyber pricing edges up with private D&O, E&O and EPL stable or soft Cyber renewal pricing showed signs of positive momentum in Q4 2025 as underwriters were “less willing” to offer reductions, but private D&O, E&O and EPL were largely in stable or soft territory, according to the latest REDY data from CRC Group. CRC REDY data shows property softening faster and excess casualty stabilizing The latest quarterly pricing data from CRC Group shows an acceleration of softening in the highly competitive E&S property market, and signs of stabilization in the excess casualty market, with gradual increases in competition in higher layers expected through 2026. US casualty market stabilizes as litigation risk continues to pressure pricing, RPS says The U.S. casualty insurance market is entering 2026 on more stable footing after several years of volatility, though persistent legal risks and tight capacity in key layers continue to weigh on pricing, according to a new report from Risk Placement Services (RPS). Exclusive: FloodFlash CEO Rimmer exits following NormanMax acquisition FloodFlash co-founder and chief executive Adam Rimmer has exited the parametric flood MGA following its acquisition by NormanMax, according to people familiar with the matter. Exclusive: Burns & Wilcox launches parametric flood product backed by Atain and Floodbase Burns & Wilcox has launched a new parametric flood insurance product backed by Atain Insurance Companies and powered by flood analytics platform Floodbase, expanding the wholesaler’s flood portfolio with a trigger-based solution aimed at a broad range of commercial risks. Exclusive: NormanMax to kick off Stonybrook-led capital raise as looks to scale parametric platform Stonybrook Capital is set to lead a capital raise for parametric insurance platform NormanMax this month as the group looks to accelerate growth, consolidate smaller teams and expand a platform that already spans a U.S. E&S carrier, a Lloyd’s syndicate and multiple MGAs, sources familiar with the matter said. CRC Group’s Obenauer sees ‘no limit’ on deal size as M&A pipeline deepens CRC Group sees no practical limit on its appetite for acquisitions and describes its M&A pipeline as “deeper than ever,” with more opportunities emerging on the MGA underwriting side alongside continued interest in wholesale brokerage deals, chief executive Dave Obenauer said. Obenauer says R&W insurance has become ‘default’ as CRC doubles down on MGA model Transactional liability insurance has shifted from an optional purchase to a default feature of large deals, Dave Obenauer said, as CRC Group prioritizes MGA underwriting, proprietary products and de novo program launches over pure scale. Obenauer: Euclid deal fills ‘white space’ as CRC moves into transactional liability in a ‘really big way’ CRC Group’s acquisition of Euclid Transactional fills a “white space” in its underwriting platform and pushes the group decisively into transactional liability as an MGA, while accelerating international expansion is now possible following its exit from bank ownership, chief executive Dave Obenauer said. Exclusive: Helix gets QBE NA capacity for new E&S commercial SME property program Helix Underwriting Partners USA has secured capacity support from QBE North America to begin writing a commercial SME property insurance program offering limits of up to $5 million on an excess and surplus lines basis for risks with total insured values (TIVs) of $10 million to $30 million. CRC Group to buy Euclid Transactional in major push into global transactional risk CRC Group has struck a deal to acquire Euclid Transactional, one of the world’s largest underwriting platforms for M&A-related insurance, in a move that significantly expands the wholesaler’s footprint in the fast-growing transactional risk market. Interview Aon targets faster placement decisions with AI and analytics as renewal pace accelerates Aon’s Wanat and Hackenburg flag casualty strain, data center risk ahead of Orlando P&C symposium Shepherd CEO Levine says renewables push targets 100 MW-plus projects, admitted casualty gaps Liberty Mutual's Horton says the market must address process inefficiency Insurer interest in data centre underwriting continues to grow, says Marsh's Tiltman Munich Re’s Grimm: Non-peak perils are not secondary anymore Sustainable Insurer Axa XL, Enosis Capital seal 'debt-for-nature' tie up (Reuters) - Credit fund Enosis Capital has sealed an agreement with Axa XL for the insurance giant to provide crucial cover for a new $3 billion wave of 'debt-for-nature' deals, the first of which is expected in the next six to nine months. Scor and Axa partner to launch ecological Lloyd’s consortium Scor has partnered with Axa to launch a Lloyd’s consortium providing cover for projects that advance ecological restoration, the Paris-based reinsurer said on Tuesday. CelsiusPro partners with Ecom to design parametric policy for Indonesian coffee farmers CelsiusPro Group has partnered with Ecom Agroindustrial to design parametric insurance products for climate-vulnerable farmers in Indonesia, the parametric specialist insurer announced on Friday. UIB hires Spreadbury as head of renewables United Insurance Brokers has appointed Ray Spreadbury as head of renewables and divisional director for downstream in its energy and construction division, the broker said on Wednesday. Kita launches MS Amlin-led non-payment carbon credit cover Carbon credit insurer Kita has unveiled a non-payment insurance product for counterparty credit risks associated with carbon credit projects, with lead capacity provided by MS Amlin, the company said on Thursday. Sustainable Insurer: Year in review As 2025 draws to a close, Sustainable Insurer outlines five key themes that have dominated headlines over the past 12 months. Carbon credit insurance pushes ahead despite shifting ESG politics Rebecca Delaney, sustainability editor at The Insurer, joined The Insurer TV to discuss the growing sophistication of carbon credit insurance and the progress made in the market this year. Verra approves trio of CORSIA insurance policies Carbon registry Verra has approved insurance policies underwritten by CFC, Oka and Artio to help project developers generate verified carbon units under the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). ISSB confirms voluntary exemption for insurance-associated emissions reporting The International Sustainability Standards Board (ISSB) has confirmed that insurance-associated emissions will be optionally exempt from Scope 3 emissions reporting requirements, effective from January 1, 2027. Howden's Douglas to step down from climate leadership role, Stace joins as global impact officer Howden's CEO of climate risk and resilience, Rowan Douglas, will step down from his role imminently, he announced in a LinkedIn post on Friday. Munich Re targets emissions intensity reduction in fac and corporate portfolio Munich Re unveiled updated targets on Thursday to reduce emissions intensity across its underwriting and investment portfolios over the next five years, which were slammed by environmental campaign groups as "self-delusion" and a "missed opportunity". AccuWeather estimates 2025 US weather-disaster losses at $378 billion to $424 billion Seven major U.S. weather disasters caused an estimated $378 billion to $424 billion in damage and economic losses in 2025, according to preliminary estimates from AccuWeather. Insurers poised to take leading role in the climate adaptation agenda One of the headline commitments agreed at COP30 in Belém last month was for developed countries to triple their spending by 2035 to help emerging economies adapt to the effects of climate change. Carbon insurance conversation more advanced at COP30 The carbon insurance market’s development has accelerated over 2025, driven by greater sophistication in capital deployment and increasing requirements from backers of carbon credit projects. Protestors log their anger in Aviva campaign Aviva's London offices were targeted on Tuesday by the "Stop the Chop" campaign group over the London-listed insurer's alleged involvement in the planned felling of two oak trees in Essex. COP30 puts nature at the heart of climate talks The Brazilian presidency made a deliberate decision to host COP30 in Belém, as opposed to the larger, metropolitan alternative of São Paulo. Delegates spent two weeks living at the mouth of the Amazon, invited to appreciate the importance of conserving, protecting and restoring nature and ecosystems. COP30 ends without fossil fuel phase-out pledge One of the most significant perceived shortcomings from COP30 was the lack of concrete agreement around language to promote the global phase-out of fossil fuels. 2025 in review: this year’s key sustainability developments At the beginning of 2025, Sustainable Insurer outlined five key themes for the year ahead, focused on resilience, nature and inclusive insurance. Exclusive: Axa reviews where parametric underwriting sits in group amid Axa Climate shake-up Axa is in discussions over Axa Climate's profitable insurance business, the company confirmed to Parametric Insurer, as sources said the French insurer's parametric underwriting capabilities were expected to move to Axa XL. Swiss Re's Blattner-Hoyle: Natural disasters move up governments' agendas as drivers of debt and GDP loss Governments are starting to consider the effect of natural disasters on their countries' GDP and debt to be comparable to shifts in global trade, Swiss Re's Marilyn Blattner-Hoyle told The Insurer, as she called for disaster resilience to be integrated into sovereign loan frameworks in a scalable way. Viewpoint Outsourcing isn’t dead, it’s just getting smarter: why intelligent insourcing is the future of E&S operations Munich Re Specialty tackling legal system abuse head on January 1 reinsurance renewals: How cyber product innovation is empowering clients Axis Re’s Jonathan Davey shares insight on marine and energy reinsurance trends Impact Forecasting pinpoints transparency  as critical next step for catastrophe modelling Innovative parametric solution provides tailored coverage for damage and interruption losses

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