Evolving geopolitical landscape is creating new opportunities in the Middle East: Pelagos CEO
Pelagos Insurance Capital CEO Dan Burrows said on the company’s recent earnings call that the changing geopolitical landscape in the Middle East is bringing new opportunities to the region. In the first quarter of 2026, Pelagos Insurance Capital Limited (formerly known as Fidelis Insurance Holdings Limited) reported a $76.2 million increase in underwriting revenue across…
Pro Global strengthens LatAm offering to support growth and a complex insurance market
Pro Global, a specialist advisor to the specialty insurance industry, has strategically strengthened its services in Latin America to support the growth and increasing operational complexity of the insurance market. This strategic move is designed to meet the growing operational, financial and cross-border needs of insurance companies, reinsurers and brokers in the region. To achieve…
Sixfold expands distribution of AI underwriting platform through Microsoft marketplace
Sixfold, a technology company specializing in AI-driven underwriting solutions for the insurance industry, announced that its platform is now available through Microsoft Marketplace, Microsoft’s online platform for cloud-based applications, AI tools, and enterprise services. Sixfold said the integration is designed to make it easier for insurers to access, purchase and implement their underwriting technology through…
Mphasis names Richard Miller as Global Head of Insurance Business
Mphasis, an artificial intelligence (AI)-led, platform-driven technology solutions provider, has appointed Richard Miller as global head of insurance. In his new role, Miller will lead Mphasis’ global insurance strategy, helping insurers modernize operations, transform core business processes and apply artificial intelligence to drive measurable business value. He has more than three decades of experience helping…
Mercury Insurance invests in BurnBot to advance wildfire mitigation
Mercury Insurance, a California-based auto and home insurance provider, has made a strategic investment in BurnBot to advance wildfire mitigation efforts and support more affordable and accessible insurance coverage. BurnBot is a wildfire mitigation technology company that develops and operates data-driven robotic systems for hazardous fuel reduction and vegetation management. The company works with agencies,…
Willis and Cornell University collaborate on research into correlated catastrophe risk
Global insurance broker and risk advisory firm Willis has announced a new scientific collaboration with researchers from Cornell University and the Atkinson Center for a Sustainable Future. The partnership proposed by Willis focuses on identifying new risks associated with relevant natural disasters. Supported by an initial one-year funding agreement, the research aims to give insurers…
AM Best upgrades MS Reinsurance’s issuer credit rating
AM Best has upgraded MS Amlin AG (Switzerland)’s Long Term Issuer Credit Rating (Long Term ICR) from “aa-” (Excellent) to “aa” (Excellent) and affirmed its Financial Strength Rating (FSR) at A+ (Excellent). The company is a subsidiary of Mitsui Sumitomo Insurance Company (MSI). MS Re has expanded in recent years and now holds a significant…
AIG’s Board of Directors elects Stoddard as Independent Director
The board of directors of global insurance company American International Group (AIG) has elected Thomas (Tom) Stoddard as an independent director, effective June 1, 2026. Stoddard has more than 35 years of senior leadership experience in financial services including insurance, asset management and investment banking. He served as vice chairman of global investment banking at…
McLarens bolsters Middle East leadership with two senior appointments
Global claims services provider McLaren is appointing two senior officials in Dubai to strengthen its leadership position in the Middle East. Mahesh Ganesan has been appointed Director of Middle East Operations to oversee regional operations with a focus on improving efficiency and delivering consistent, high-quality service to customers in the region. He has been with…
Swiss Re Asia appoints Daniel Neo to its Board of Directors
Global reinsurer Swiss Re has announced the appointment of Daniel Neo to the Board of Directors of Swiss Re Asia Pte. Ltd. (SRAL), effective June 1, 2026. Neo brings more than two decades of executive-level experience and deep regional expertise, having held senior leadership roles in markets including Indonesia, South Korea, Taiwan and Singapore. He…
