WTW’s global president of risk and broking Lucy Clarke said Tuesday she admired how the brokerage “went about the hard work of reshaping” its business in the last three years and that its “determination and single-mindedness” led her to join the company.

Aon has appointed former Cyber Re Limited and Platform Labs CEO Robert O’Connell as global cyber strategy and growth leader for its reinsurance solutions business.

Ryan Specialty has upsized its newly launched notes offering by $100mn to $600mn as the wholesale and underwriting giant targets further M&A and investments.

Epic Insurance Brokers & Consultants has expanded its Midwest presence with a trio of hires from AssuredPartners, with Rick Frechmann appointed managing principal and Joleen Mayfield and Bradley Snitzer both named as principals.

The struggles in California’s beleaguered property insurance market have been laid bare by new figures from the Golden State’s Fair Plan, which show that its assumed exposure soared by 61.3 percent in the 12 months to 30 September 2024 to $458.1bn.

Austin, Texas-based anti-ransomware company Halcyon has secured $100mn in a Series C funding round led by Evolution Equity Partners, pushing its total funding to $190mn and valuing the company at $1bn.

San Diego-based endpoint detection and response company Cybereason has appointed former Kroll executive Leonardo Saraceni as head of marketing for its consulting arm.

Guy Carpenter has appointed Cem Altuntas as managing director within its newly formed capital and advisory group.

Alliant Insurance Services has hired Jason Bertoldi as global team leader, litigation and contingent risk insurance,

Aspen chairman and CEO Mark Cloutier has been named the incoming chair of the Association of Bermuda Insurers and Reinsurers, effective 1 January 2025, The Insurer understands.