Latest Smartphones, Gadgets and Startups News
Insurance
The Asian reinsurance market experienced abundant capacity, sliding rates, and over-placement during the 2026 renewal season, mirroring the same broad theme seen across the global reinsurance market, AM Best noted in a recent report. Despite downward pricing pressure, cedents maintained largely stable deductibles, using ceded premium savings to buy up higher-layered limits and back emerging…
MS Amlin, a global specialty commercial insurance and reinsurance provider and part of MS&AD, has appointed Alex Jomaa as Head of Cyber and Monica Tigleanu as Lead Underwriter. The two appointments aim to expand the re/insurer’s direct cyber portfolio and accelerate growth, as part of its long-term strategy to build out its existing lines of…
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…
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…
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…
In its latest report on global and Bermuda reinsurers, Fitch Ratings has disclosed that non-life reinsurers reported improved underwriting profitability year over year in the first half of 2026, driven by lower catastrophe losses. However, Fitch emphasises that the global reinsurance sector is “challenging, with abundant capacity, and intense competition”, which is driving price declines…