Asia’s manufacturers face uninsured losses due to growing cyber physical damage protection gap: TMK
As cyberattacks increasingly target industrial systems, manufacturers in Asia Pacific face a growing protection gap from cyber-physical damage, according to a recent report from specialist insurer Tokio Marine Kiln (TMK). In 2024, the Asia-Pacific region will become the main target of global cyber incidents, accounting for approximately one-third of all global cases and growing by…
WTW names Lizzie Eason Director & Actuarial Data Scientist within NA PPCU team
Global insurance and reinsurance broker WTW has announced the appointment of Lizzie Eason as Director and Actuarial Data Scientist for its North American Pricing, Products, Claims and Underwriting (PPCU) consulting team. In her new role, Eason will leverage her nine years of insurance experience to support PPCU clients and prospects by developing comprehensive consulting and…
Reliance Global strengthens leadership team to advance AI insurance initiatives
Reliance Global Group, Inc., a U.S. insurtech company focused on acquiring and supporting independent insurance agencies through technology-based platforms, has announced a number of senior appointments to pursue initiatives involving artificial intelligence across its insurance operations and product development activities. The company has appointed Judah Korman as chief operating officer, Zack Wilder as chief technology…
MSCI acquires climate risk data and analytics provider First Street
Global data analytics provider MSCI Inc. has acquired First Street, a provider of physically-based climate risk data and analytics for all properties globally, to strengthen its global physical climate risk capabilities. Transaction consideration includes a $120 million cash payment at closing, which is subject to customary closing adjustments, with the potential for additional cash payments…
HDI Global US appoints Shadi Albert as CEO as Jim Clark steps down
Corporate and specialty insurer HDI Global (HDI) has appointed Shadi Albert as Chief Executive Officer (CEO) of HDI Global US, effective July 13, 2026, in line with its new strategy Xcelerate29. HDI Global US CEO Jim Clark will resign effective immediately. To ensure a smooth leadership transition, effective immediately, Dr. York von Falkenhayn will serve…
HDI Global US names Shadi Albert as CEO as Jim Clark steps down
Corporate and specialty insurer HDI Global (HDI) has appointed Shadi Albert as Chief Executive Officer (CEO) of HDI Global US, effective July 13, 2026, in line with its new strategy Xcelerate29. HDI Global US CEO Jim Clark will resign effective immediately. To ensure a smooth leadership transition, effective immediately, Dr. York von Falkenhayn will serve…
Allianz Commercial reports insurance pressures amid rising geopolitical risk and shifting maritime losses
Allianz Commercial, the corporate insurance arm of Allianz Group, stressed that marine insurance companies are operating in an increasingly complex environment as global shipping, which accounts for about 90% of international trade volume, faces increasingly severe geopolitical and operational pressures. in its latest Safety and transportation reviewAllianz Business noted recent disruptions to major waterways, including…
RGA names Senan O’Loughlin as EVP, Head of the Americas
American Reinsurance Group Inc., a global life and health reinsurer, announced the appointment of Senan O’Loughlin as executive vice president and head of the Americas, effective June 22. As part of his new responsibilities, O’Loughlin will also become a member of the RGA’s Executive Committee. He will be responsible for the company’s Americas operations, overseeing…
RGA names Senan O’Loughlin as Executive Vice President, Head of the Americas
American Reinsurance Group Inc., a global life and health reinsurer, announced the appointment of Senan O’Loughlin as executive vice president and head of the Americas, effective June 22. As part of his new responsibilities, O’Loughlin will also become a member of the RGA’s Executive Committee. He will be responsible for the company’s Americas operations, overseeing…
Gallagher creates European carrier management head role as expansion continues
Gallagher has created the position of head of European carrier management to oversee the insurer’s partnership expansion in the region, with Harald Köberich, who joined through the 2024 acquisition of Germany’s Köberich Financial Lines, taking on the role while leading its European specialist unit. Köberich has more than 20 years of experience in the insurance…
