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HDI Global SE, an international insurer specializing in commercial and industrial clients, announces the appointment of Fraser Galbraith as senior engineering underwriter based in Dubai. Galbraith brings more than 12 years of engineering experience to his new role. Prior to joining HDI Global, he served as a Senior Construction Risk Engineer at Chubb. Prior to…
Professional services firm Aon has released its latest Climate and Disaster Insights The report explains how severe convective storms have surpassed tropical cyclones as the most expensive insured disaster of the 21st century. The report draws on Aon’s global data, analytics and catastrophe modeling expertise to explain how the increasing frequency of high-impact weather events…
In the face of intensifying geopolitical developments and their economic fallout, Allianz CEO Oliver Bate said the company has been “cautiously and thoughtfully” optimizing its diversification, adding that this approach has long been core to its business model. “Even though we measure short-term goals, one of the things in our business model is to try…
Global reinsurer SCOR and multinational insurer AXA have joined forces to form a new Lloyd’s of London consortium aimed at closing critical financing gaps by reducing the risk of investment opportunities associated with ecological restoration projects. By providing specialized insurance, the consortium intends to free up the funds necessary to restore ecosystems that have been…
PwC’s 29th Global CEO Survey shows that only 46% of insurance CEOs are confident in their company’s revenue growth prospects over the next 12 months, down 18% from 56% in 2025. The company’s latest CEO Survey, based on responses from 4,454 CEOs in 95 countries and territories, is an effective way to gauge the sentiment…
London-based managing general agent (MGA) Phoenix Specialty has enhanced its underwriting capabilities by increasing available capacity, allowing greater flexibility in structuring risks. Individually, the business can now cover possible maximum losses of up to £50m for annual policies and single project risks within the UK. Meanwhile, MGA secured capacity support from Lloyds on a prior…
The Pensions Insurance Company (PIC), a specialist insurer of defined benefit pension schemes, has signed a £37.5 million subscription agreement with the iconic British footwear brand Dr. Martens Airwair Group Pension Plan, founded in Northamptonshire, covering 455 plan members. Paul Black of Pi Partnership, Chairman of the Board of Trustees of the Dr. Martens Airwair…
AM Specialty Insurance Group has appointed Joe Harding as UK corporate managing director of Pinpoint UK. Harding has around 15 years of underwriting experience in the commercial and professional sectors of the London market and joins Pinpoint UK from Aspen Insurance Group as an underwriter. Prior to joining Aspen, Harding spent more than seven years…
Global insurer and reinsurer MS Amlin has announced the appointment of Sarah Wilson as Head of Reinsurance. In her new role, Wilson will lead the strategic direction and day-to-day management of the outward reinsurance function. She will oversee the design and layout of MS Amlin’s reinsurance programmes, portfolio optimization and counterparty engagement across the group’s…
Accelerating price softening in the real estate sector, modest easing of certain terms and conditions, ongoing challenges in the casualty sector, increased frequency and severity of natural disasters and continued macroeconomic uncertainty have led AM Best to revise its global reinsurance industry outlook to stable from positive. The global credit ratings agency first took a…