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Insurance
Credit rating agency AM Best upgraded the financial strength rating of Hong Kong reinsurance company Fushang Reinsurance Company, a subsidiary of Tencent Holdings Ltd., to A (excellent) from A- (excellent). It also upgraded its long-term issuer credit rating to “a” (outstanding) from “a-” (outstanding), with a stable outlook. AM Best attributed the revised rating to…
MAPFRE Re, the reinsurance arm of Spanish insurance company MAPFRE, has announced the appointment of Chaturbhuj Bansal as head of its India unit, pending regulatory approval. With approval from the Indian International Financial Services Center Authority (IFSCA), MAPFRE Re’s India office was established in February 2026 at the Gujarat International Financial Technology City (GIFT City)….
Global insurance intermediary platform ANV Group Holdings Ltd. has acquired Specialty Comp Insurance Solutions (SCIS), a Texas-based managing general agent (MGA) specializing in workers’ compensation insurance that is difficult to place with a single policy, from Specialty Program Group, a subsidiary of Hub International. The acquisition is designed to strengthen ANV’s specialty product offerings and…
Global reinsurer Hannover Re has announced the appointment of Sven Wilhelmsen as Managing Director. In his new role, Wilhelmsen will lead the global L&H digital solutions portfolio, develop the strategic roadmap and ensure efficient, value-focused delivery and adoption across Hannover Re’s markets, customers and internal user communities. He has over 15 years of experience in…
USQRisk, the managing underwriter of Ryan Alternative Risk, a division of Ryan Specialty, has announced the promotion of Chris Giuffre to President of USQRisk, effective immediately. The company noted that following the change, Michael Zipper will step down as president but will continue to serve as co-CEO of USQRisk, alongside Parag Abvishi, co-CEO and chief…
Real-time flood forecasting Insurtech company Previsico has partnered with Snapshot Live to integrate real-time visual monitoring into its flood intelligence platform to enhance flood risk forecasts. Snapshot Live delivers AI-powered remote visual intelligence to help organizations eliminate operational blind spots in locations where traditional monitoring solutions fail. Snapshot Live’s solar-powered off-grid cellular cameras are deployed…
Insurance broker and risk advisor Gallagher has appointed Laura Repko to the newly created role of senior director of capital solutions, responsible for its global multi-discipline private equity and M&A practice (PEMA). The appointment highlights the broker’s commitment to serving lenders and borrowers in complex transactional situations, as well as continued investment in the wider…
Venture-backed insurtech startup FutureProof Technologies and Bridge Specialty Group have launched a new personal lines property insurance program designed to provide excess and surplus (E&S) coverage to apartments and renters in disaster-prone regions of the southeastern United States, including Florida and Texas. Global insurance wholesale broker Bridge Specialty Group will leverage its distribution network and…
Japanese reinsurance group East Asia Reinsurance Company (Toa Re) has announced a series of leadership changes at its Japan and Singapore branches, including the appointment of Ryo Yokochi as CEO of its Singapore branch, effective June 26, 2026. Yokochi succeeds Shiko Misono, currently CEO of the Singapore branch, who will serve as general manager of…
Global advisory, brokerage and solutions company WTW has acquired Redefind, a technology platform focused on improving access to insurance products in the cryptocurrency and digital asset space. The acquisition is part of WTW’s broader strategy to develop insurance and risk management solutions for clients in the emerging space of digital finance. The company said the…