News

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Gallagher Bassett buys Mays Brown

The purchase adds shipping and marine law services to GB and its widening portfolio.   11 May 2026

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Johnston made permanent CEO of NAIC

The former interim CEO gets the position on a full-time basis.   8 May 2026

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Aon updates Climate Risk Monitor

Third iteration of the risk platform now includes heat and cooling analysis.   8 May 2026

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FERMA and WBCSD launch ‘Open Sesame’ to unlock climate resilience finance

New cross-industry initiative aims to bridge funding gaps and enable pre-event investment in climate risk mitigation.   7 May 2026

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InsurTech funding surge continues — with AI taking centre stage

Gallagher Re reports $1.63bn raised in Q1 as AI startups sweep top deals and reshape the risk landscape.   7 May 2026

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Russell taps industry veteran Broughton to advance risk strategy offering

New head of Connected Risk Group to help corporates unlock captive value and shape next-generation insurance models.   7 May 2026

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VCIA opens registration for VCIA 2026

Prospective attendees can now register for the 41st annual conference.   6 May 2026

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Drake Plastics and SRA appeal ‘transactions of interest’ ruling in 831(b) case

While the ruling did vacate the ‘listed transaction’ designation, the court backed the IRS’ use of ‘transaction of interest’ for certain micro-captive arrangements.   6 May 2026

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Marsh captive formations rise to 118 in 2025

Captive premium also increases, as Marsh reports captives taking greater retentions and reducing amount of ceded reinsurance.   6 May 2026

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Rate softening accelerates across specialty lines, WTW finds

Three-quarters of specialty classes saw price declines at 1 January renewals, as a rapid shift in market conditions erodes roughly half of the rate increases achieved since 2017.   6 May 2026

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