Chubb Names Rampe Global Head of Claims Kevin Rampe Chubb Limited named Kevin Rampe senior vice president, Chubb Group, Global Claims Officer, responsible for global claims management. Rampe will also retain his responsibilities as head of North America Claims. In his expanded role, Rampe will lead the company’s claims organization globally and be responsible for all aspects of executive claims management, service and administration for Chubb through its worldwide network of claims offices. He will report to Evan G. Greenberg, chairman and CEO, Chubb Limited & Chubb Group and John Keogh, president and chief operating officer, Chubb Group, and in…
Author: Awais
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 7.8% in 2025, marking the first single-digit growth rate recorded since 2017. Previous reports from S&P GMI showed U.S. E&S direct premiums jumping 14.5% in 2023 and 13.4% in 2024, with those double-digit growth rates paling in comparison to a 32.3% percent rate of growth recorded in 2021. Contributing to the slumping growth rate, S&P GMI reported a drop in premiums for the largest U.S. E&S player—Berkshire Hathaway—last year. Berkshire Hathaway’s recorded 12.4% decline in overall…
An unusually hot, snowless winter has fueled a fast start to the spring fire season across large swaths of the western,central and southeastern US, disrupting businesses and upending daily life. Nearly 19,000 have ignited nationwide since Jan. 1, about 6,900 more than normal compared to the past decade. In recent weeks, flames have scorched nearly 1 million acres of cattle grazing land and prairie in the Great Plains and dampened tourism in parts of the Everglades, where air boat operators have struggled to navigate dried-out swamps. Air tankers, frequently deployed over the West, are already in high demand, weeks ahead…
Howden Capital Markets & Advisory (HCMA), the capital markets and insurance-linked securities (ILS) specialist unit of broking group Howden, has launched a German entity in response to growing demand from European insurers and reinsurers for capital markets solutions and strategic transactions.The launch of a new entity in Germany sees Howden continue to expand across Continental Europe, ultimately strengthening its support for clients in the region with capital markets and strategic advisory solutions. Howden Capital Markets & Advisory (EU) GmbH now has the license to operate as an investment firm by the German Federal Financial Supervisory Authority (BaFin), reinforcing the broker’s…
USA Rugby oversees more than 130,000 members, with college rugby forming the largest segment at over 32,000. The organization manages around 1,200 high school teams, 900 college teams and hundreds of senior clubs. Youth and high school registrations have shown double-digit growth in recent years.
Offer per share sits well below recent TSX closing price
Mapfre Re, the Spanish global reinsurance company, is back in the catastrophe bond market to sponsor its third deal, seeking $200 million or more in US named storm protection from a Recoletos Re DAC (Series 2026-1) issuance, Artemis can report.Mapfre Re has utilised its catastrophe bonds for both US and European peak peril retrocessional reinsurance protection so far. In December 2024, the company secured $125 million of annual aggregate US named storm retrocession from the capital markets with its debut Recoletos Re DAC (Series 2024-1) catastrophe bond. Mapfre Re then returned in November 2025, securing €125 million of European windstorm…
In an interview with Insurance Business, Ethan Powell (pictured), principal and CIO of Brookmont and portfolio manager of the Brookmont Catastrophic Bond ETF, said investor sentiment is broadly positive heading into the year, especially after a relatively benign US hurricane season in 2025. However, he pointed to some nuance.
The Host At the Trump administration’s request, a federal judge in Louisiana this week agreed to delay a ruling affecting the continued availability of the abortion drug mifepristone. That angered anti-abortion groups that want the drug, if not banned, at least more strictly controlled. But the administration clearly wants to avoid big abortion fights in the run-up to November’s midterm elections. Meanwhile, the administration’s proposed budget for fiscal year 2027 calls for more than $15 billion in cuts to programs at the Department of Health and Human Services. It’s a significant number, but less drastic than cuts it proposed for…
A group of 19 states and Washington, D.C., sued over the department’s sweeping layoffs and reorganization last year. A federal judge on Tuesday struck down the HHS’ bid to dismiss the lawsuit.
Gallagher Affinity on underwriting, data and distribution
How many people are uninsured? For the first time since 2019, the number of people without health coverage and the uninsured rate increased in 2024. The total number of people ages 0-64 without health coverage increased by more than 1.3 million to 26.7 million in 2024, and the uninsured rate for the population under age 65 increased from 9.5% to 9.8%. A decline in Medicaid coverage drove the increase in the uninsured rate in 2024. While non-group coverage, including ACA Marketplace coverage, increased from 2023 to 2024, the increase did not fully offset the drop in Medicaid coverage from 2023…
One Alliance North America Insurance Company, the US domestic market homeowners and commercial lines specialist, has now raised the target size for its debut One Shield Re Ltd. (Series 2026-1) catastrophe bond issuance, with the company now looking to secure up to $125 million of multi-peril reinsurance, Artemis has learned.At the same time, we’re told that the spread guidance for the tranche of notes on offer has shifted towards the lower-end of guidance. One Alliance North America entered the catastrophe bond market for the first time in mid-March, with an initial target to secure $100 million or more in multi-peril…
Insurance Business America invites top‑performing program administrators and carriers to step forward for 2026 recognition