Category: Insurance

Major global professional services and advisory firm Aon has launched Contract AI, a new artificial intelligence (AI) platform designed to enhance contract certainty through rapid analysis of reinsurance coverage. Contract AI queries Aon’s entire U.S. and Canadian contract database for the past three years in real time to identify global coverage trends, limitations and exclusions….

Global risk and reinsurance specialist Guy Carpenter, a Marsh McLennan company, has announced the appointment of Connie Tregidga as Managing Director of its global Structured Solutions team. She will be based in London and will focus on traditional trading and sidecar activities, areas that Guy Carpenter believes are becoming increasingly important in the reinsurance and…

Risk advisory, insurance brokerage and reinsurance services company Marsh has launched a new captive insurance solution, Marsh Nexus Captive Solutions (Marsh Nexus), designed to support multinational organizations in managing the risks and costs associated with soaring international employee benefit costs. Employer-provided health plans are under significant pressure as health benefit costs are expected to increase…

Global property and casualty insurance company Liberty Mutual Insurance has announced the appointment of Defne Turkes as president and managing director (MD) of Liberty International Insurance (LII), the international division of Global Risk Solutions (GRS), effective July 1, 2026. She succeeds Phil Hobbs, who most recently served as President of GRS Underwriting. In her new…

Hippo Holdings Inc. has completed arrangements for its 2026 reinsurance program, effective June 1, 2026, ensuring meaningful protection, improving capital efficiency and introducing new features including full-account quota shares for enhanced flexibility, with the company describing the renewal as a “significant structural evolution.” Hippo, a technology-native insurance group that leverages its carrier platform to diversify…

Independent insurance broker Lockton has appointed Stéphane Lespérance as chief executive officer (CEO) of its new Canadian retail business. The appointment is consistent with Lockton’s overall strategy to build a Canadian-led organization that provides enhanced high-level advisory support to Canadian businesses. It reflects the broker’s long-term collaboration with Canadian clients as well as multinational businesses…

Braven, a US technology company focused on building infrastructure for the insurance industry, has closed a $4.6 million seed round to fund its expansion into the UK market, including opening an office in London this month. Braven, formerly known as Sytrex, is an insurance infrastructure technology company headquartered in San Francisco and founded by a…

Price Forbes, the independent, specialist international wholesale insurance and reinsurance brokerage, has appointed Tarek Semaan as interim head of the Middle East and Africa region and Anthony Abi Fadel as interim director, both of whom will be based in Dubai. Reporting to David Howells, Senior Executive Officer, Price Forbes Dubai, Semaan is responsible for leading…

Shoib Khan, director of insurance supervision at the Bank of England, said that the PRA is working on establishing a self-insured system in the UK, aiming to reverse decades of offshore migration trends, and plans to allow self-insured people to finally “return” to the UK in 2027. A captive insurance company is a wholly-owned insurance…

Global re/insurance broker and risk advisor Aon has announced the promotion of Hugo Carson to Greater Florida market leader. Carson succeeds Brian Bark, who now heads Aon’s New York City market. In his new role, Carson will lead overall strategy, growth and operations for Aon’s Greater Florida market. He will oversee market performance across all…