ACORD 2025 Member Report shows increased member Engagement and commitment to digital-first future for insurance industry. Mar 30, 2026, 09:00 ET NEW YORK, March 30, 2026 /PRNewswire/ - ACORD, the standards-setting body for the global insurance industry, today released its 2025 Member Report. Highlights of the year included the establishment of new dedicated departments for Research, Education & Advocacy and Standards Engagement, aligning ACORD's variety of educational and outreach initiatives even more closely with its mission of driving digitalization and modernization on behalf of its member community. Other highlights of 2025 included: * Expanding assets available on the ACORD Standards Online Applications portal, where members can access ACORD Standards & Architecture, and explore specialized resources, personalized user information, and powerful digital tools. * Launching the ACORD NGDS (Next-Generation Digital Standards) Object Model, a powerful digital asset that enables efficient data exchange between enterprise systems, streamlines digital operations, and offers a structural framework for underwriting, policy management, and claims administration processes. * Establishing a partnership with St. John's University to deliver professional development courses at an exclusive discount to ACORD members. * Publishing the first "GRLC Generation 2.0" releases, as the next evolution in the ACORD Global Reinsurance & Large Commercial (GRLC) Standards. These include the Unified Placing Standard consolidating multiple implementations into a single framework, as well as a roadmap for Gen 2.0 claims handling and orchestration. ACORD was honored with the 2025 British Insurance Technology Award for Technology Collaboration of the Year: Efficiency alongside Marsh and AXA XL for their groundbreaking digitalization of broker-carrier workflows using the GRLC Standards. * Holding the ACORD Student Challenge, in which students were tasked with applying data science techniques and AI tools such as Large Language Models to gather and analyze data to inform the development of ACORD Data Standards for pet insurance underwriting. "ACORD's mission and values have always been rooted in collaboration, integrity, and service to the global insurance industry," said Tanya Krochta, EVP, COO, and Acting CEO of ACORD, in her letter to the member community. "You, our members, are central to the work we do, and prove that we can achieve far more collectively to move the industry forward than any one organization alone." About ACORD ACORD is the global standards-setting body for the insurance industry. For 50 years, we have been an industry leader in identifying ways to help our members make improvements across the insurance value chain. ACORD facilitates fast, accurate data exchange and efficient workflows through the development of electronic standards, standardized forms, and tools to support their use. ACORD currently engages more than 36,000 participating organizations spanning over 100 countries, including insurance and reinsurance companies, agents and brokers, software providers, financial services organizations, and industry associations. ACORD maintains offices in New York and London. Learn more at www.acord.org. Press Contact: SOURCE ACORD

Featured stories. People Moves: Everest Appoints Busti From AXIS as Head of North America Treaty re; AXA XL Taps Lockton's Reynolds as Head of Marine, UK & Lloyd's, Global CUO for Hull. March 26, 2026 This edition of International People Moves details appointments at Everest Group and AXA XL. A summary of these new hires follows here. Everest Appoints Busti From AXIS as Head of North America Treaty Reinsurance Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the appointment of Jason Busti as head of North America Treaty Reinsurance to lead the division's treaty reinsurance business across the United States, Bermuda, and Canada. He will report to Jill Beggs, executive vice president and CEO of Reinsurance, and will serve as a key member of her leadership team. Prior to joining Everest, Busti served as president of North America at AXIS Re, where he led treaty reinsurance operations across the United States, Bermuda, and Canada. Earlier in his career, he spent more than 20 years at Swiss Re, holding a range of senior leadership roles including managing director, client executive, responsible for leading Client Management and Broker Market Underwriting Teams driving profitable growth across global client portfolios. Busti earned a master's degree in finance and international business and a bachelor's degree in finance from Iona College. ***. AXA XL Taps Lockton's Reynolds as Head of Marine, UK & Lloyd's, Global CUO for Hull AXA XL has appointed Michael Reynolds as head of Marine, UK & Lloyd's, and global chief underwriting officer for Hull. Based in London, he starts his role in the third quarter of 2026. Reynolds will be responsible for developing, executing and managing the underwriting strategy for the UK & Lloyd's marine business as well as setting and overseeing the strategy for the global hull book of business. Reynolds has over 40 years London market experience in both underwriting and broking roles. He joins AXA XL from Lockton where he was partner, head of Marine for London and member of the Global Marine Executive. Prior to Lockton he was deputy head of Marine at Chubb. He has also held roles at ACE, The Navigators Group, Cigna and Commercial Union. "Michael is an experienced leader, with technical acumen and the strategic and operational skills to ensure thoughtful and profitable growth across our marine business. He is very well thought of in the market, we look forward to him joining and further enhancing the high-quality products and services we offer to clients and brokers," commented Louise Nevill, chief underwriting officer, Specialty, UK & Lloyd's, at AXA XL. "The International Union of Marine Insurance Stats Report for 2025 valued hull premiums at US$9.67 billion in 2024, up by 3.5% on the previous year continuing an unbroken growth trend since 2021. However, it isn't without its challenging dynamics, ranging from larger vessel sizes, the transition to net-zero and exposure to high-risk zones," according to Neil Cole, global CUO, Marine at AXA XL. "Mike's experience positions him well to ensure our global hull products align to our clients changing needs." Was this article valuable? Interested in excess surplus? Get automatic alerts for this topic.

Amiga Specialty adds more financial institutions capacity. Managing general agent Amiga Specialty has added capacity from Axa XL to its financial institutions arm. The MGA detailed the partnership will support its international portfolio across directors' and officers' liability, professional liability, and crime as it looks to grow financial institutions globally. Last week, Sodalis Capital bought Amiga in a £1.8m deal that saw private equity house BP Marsh exit but keep a stake in the new owner. RelatedAmiga Specialty boosts financial institutions offering with Lloyd's capacity Amiga Specialty has secured Lloyd's capacity to support its financial Show password You may also like. * 13 JAN 2026 * 19 JAN 2026 * 18 MAR 2026 * 26 JAN 2026 * 5 JAN 2026 * 25 Mar 2026 * 24 Mar 2026 * 23 Mar 2026