CEO John Doyle expects Marsh to be an ‘AI winner’
John Doyle, president and CEO of global insurance and reinsurance brokerage group Marsh Group, said he expects the company to be an “artificial intelligence winner” as it leverages its scale and capabilities in investing in artificial intelligence (AI) to drive greater value from its proprietary data assets to its role as a trusted advisor to…
AM Best revises Florida Farm Bureau Group’s outlook to positive
AM Best has revised the outlook for Florida Farm Bureau Group members to positive from stable and affirmed a financial strength rating of B++ (Good) and a long-term issuer credit rating of ‘bbb+’ (Good). Florida Farm Bureau Casualty Insurance Company and its fully reinsurance subsidiary Florida Farm Bureau General Insurance Company together form the Florida…
James Sanzone appointed Head of Marine Cargo at Munich Re Specialty, NA
Global reinsurer Munich Re has announced the promotion of James Sanzone to Vice President and Head of Ocean Freight, Munich Re North America (MRS-NA). In his new role, Sanzone will continue to lead the development of MRS-NA’s ocean freight products and the expansion strategy for the team’s proven ocean freight product line capabilities. The executive…
Eirion Risk Underwriters launches Construction Professional Liability program
Eirion Risk Underwriters has announced the launch of its Construction Professional Liability (CPL) scheme, designed to provide professional risk coverage for contractors and construction project stakeholders. The program offers a range of coverage including annual Contractor Professional and Pollution Liability (CPPL), project-specific CPPL and Owner Protective Professional Indemnity (OPPI). The program, which has an A+…
Graham Blackwell to succeed Taylor Rhodes as Applied Systems CEO
Applied Systems, a global provider of cloud software for the insurance industry, has announced that Graham Blackwell has been appointed as its next CEO as part of a planned leadership transition over the next two quarters. Current Applied Systems CEO Taylor Rhodes, who has led the company for the past seven years, will continue in…
Liberty Specialty Markets unveils several new appointments within FinPro division
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has strengthened its underwriting expertise in the financial and professional lines (FinPro) division with four new appointments, strengthening its presence in the London and UK regional markets. The promotions are effective immediately and all promotions will be reported to Emma Pearce, Head of FinPro. Industry veteran…
Shipowners urged to reassess war risk cover as claims expand beyond high-risk zones: The London P&I Club
Marine liability insurance provider London P&I Club is advising shipowners and brokers to place more emphasis on war risks cover, rather than focusing primarily on price, as claims increasingly arise from events outside traditional high-risk areas. Ben McKeith, senior underwriter at the London P&I Club, said many shipowners did not adequately integrate long-term war risk…
Former Verisk CEO Stephenson joins ZestyAI’s Board of Directors
ZestyAI, a provider of artificial intelligence-driven insurance risk analytics, announced that Scott Stephenson, former chairman, president and CEO of Verisk Analytics, has joined its board of directors. StephenZestyAI emphasized that as the insurance industry accelerates into the era of artificial intelligence, enson, who is considered one of the main architects of data modernization in the…
Captive insurance identified as a financing mechanism supporting renewable energy growth: AXA XL
AXA XL, a global insurance and reinsurance company part of the AXA Group, published the report Future Energy Finance: How Captives Can Drive Renewable Energy Growth, The report considers how the transition to low-carbon energy systems will increase demand for adaptive risk financing approaches and highlights captive insurance arrangements as a key mechanism to support…
Zurich closes $150m cat bond covering U.S. named storms and earthquakes
Major insurer Zurich has returned to the catastrophe bond market with the successful issuance of $150 million in catastrophe bonds covering named storms and earthquakes in the United States through the issuance of Turicum Re 2026-1. The Turicum Re Ltd. Series 2026-1 issuance is Zurich’s first Rule 144A natural catastrophe bond issuance since late 2012….
