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USAA, the US financial services company serving military personnel, veterans and their families through insurance, banking, investment and retirement products, has appointed Lieutenant General David F. Melcher, U.S. Army (Retired), as Chairman of its Board of Directors. In the role, he succeeded James M. Zortman, Vice Admiral, U.S. Navy (Retired), as part of a planned…
Sun Life Financial Inc. and Wilton Re have entered into a definitive agreement to establish a strategic reinsurance and asset management partnership, combining their capabilities across life and annuity reinsurance and asset management. Wilton Re will establish Windsor Life Re, a U.S. and Bermuda–domiciled reinsurer supporting growth of Wilton Re’s core in-force life and annuity…
A new report from Fitch Ratings has suggested that global reinsurance pricing will soften further at the 2027 renewals, with terms and conditions offering cedants increasing flexibility as excess supply continues to outpace modest demand growth. “The 2026 renewals demonstrated a strong shift to a buyers’ market, particularly for property risk, where rates declined by…
British insurer Aviva has added terrorism cover as standard to selected digitally traded commercial products for eligible small and medium-sized enterprise (SME) customers in Great Britain, with the insurer citing the recent scheme launched by the UK’s terrorism reinsurer Pool Re as helping them expand coverage in this way. The move, effective from 24 August,…
Fuse, an AI-powered market intelligence company focused on commercial insurance, has launched Fuse Terminal, a new workspace designed to give insurance professionals access to market intelligence, analysis and underlying filing information through a single interface. Terminal has been developed over two years to provide a more consolidated way of assessing the commercial insurance market. The…
Hannah Einbinder has thrown her support behind fellow actor Mark Ruffalo, after he was forced to deny allegations of antisemitism over his criticism of the alleged role that tech entrepreneur Larry Ellison’s Oracle played in the Israel-Gaza war. Ruffalo has long been a vocal critic of the ongoing merger between the movie studios Warner Bros….
Did you know that supermarkets often add a little-known “Julian date” to packs of fresh fruit and veg? These usually tell suppliers and stores when the produce was packed and are different from consumer-facing “best before” and “use by” dates. Some thought that a similar source of information might lie on the bottoms of our…
The UK insurance regulator’s recent consultation paper on a bespoke regulatory framework for single-parent insurance captives is expected to create a captive regime that compares well with other established captive domiciles, according to AM Best. The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have released a consultation paper on a bespoke regulatory…
Love was very much in the air – or, indeed, in the pods – during season three of Love Is Blind UK. In the early stages of this year’s season, viewers saw six different couples getting engaged without ever seeing each other, before heading to the next phase of the “experiment”. However, what you might…
Canada Life, a UK insurer providing life insurance and pension risk transfer services, has announced the appointment of Dominic Moret as Managing Director, Bulk Purchase Annuities (BPA). In his new role, Moret will lead Canada Life’s end-to-end BPA proposition, setting its strategic direction, accelerating growth and strengthening its position as a provider of innovative pension…