Month: December 2025

Global insurance and reinsurance brokerage group Howden has announced the appointment of Elizabeth Neumann as executive vice president (EVP), head of financial insurance claims. Based in New York, Neumann will be part of the US Financial Lines management team, led by Ron Borys, who was appointed group head of Howden US Financial Lines in October…

K2 Rubicon Specialty, a division of K2 International and K2 Insurance Services, has announced the appointment of Vicky Hayward as Head of Hull Division. With this new hire, K2 Rubicon Specialty strengthens its marine underwriting capabilities and commitment to the London market, with the company recognized for providing underwriting expertise in maritime, US property and…

Fitch Ratings expects the recent fire at Hong Kong’s Wang Fook Court to lead to a surge in near-term claims, but says these should be manageable and unlikely to affect the ratings of China Taiping Insurance Group Co. Ltd. (TPG, A-/Stable), whose Hong Kong unit underwrites the complex’s property and liability policies. The fire caused…

Property and casualty insurance company Skyward Specialty Insurance Group Inc. has received required regulatory and minority shareholder approvals to acquire 100% of Lloyds Specialty Insurance Company Apollo Group Holdings Limited. As announced in September 2025, the transaction is expected to close early in the first quarter of 2026, subject to final closing conditions. The insurance…

Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, has officially renamed its North American Professional Liability (NAPL) team to Ryan Financial Lines. The capital increase is designed to significantly strengthen Ryan Financial Lines’ international portfolio and bring deep expertise in the US professional liability sector. Ryan Financial Lines is the managing…

Vienna Insurance Group, a multinational insurance company operating in Central and Eastern Europe, has set out its goals for the next three years as it launches its new strategic plan “evolve28”. The company has set detailed quantitative targets aimed at strengthening its regional leadership, growing premiums and profits and supporting the business priorities in each…

MSIG Europe SE, a recognized provider of property and marine insurance solutions in continental Europe, has announced upcoming changes to its senior underwriting team. Patrick Smolka, who previously served as one of the chief underwriting officers of MSIG Europe, will resign from his position on December 31, 2025 for personal reasons. Over the years, he…

CCRIF, a regional risk-sharing organization that provides parametric insurance to governments in the Caribbean and Central America, has launched the Livelihoods Protection Policy (LPP) in Jamaica as it continues to deal with the aftermath of Hurricane Melissa. The storm left thousands of low-income Jamaicans facing significant challenges in restarting their livelihoods, and CCRIF positioned LPP…

Specialty insurance provider American Modern Insurance Group, Inc., a division of Munich Re, has confirmed that Eric Hunziker has taken over as chief digital and operations officer (CDOO), replacing Paul Schneider, who will retire at the end of this year. Hunziker brings more than 30 years of leadership experience to the company and has served…

Losses from recent devastating fires in residential areas in Hong Kong may further impact the underwriting performance of the city’s property and casualty (P&C) insurance industry, according to a new review by S&P Global Ratings. Hong Kong’s property and casualty insurance industry’s net combined ratio is expected to rise from around 93% in 2024 to…