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Aon to launch $5.5bn Totalis Specialty Group

Global professional services firm Aon has announced the launch of Totalis Specialty Group, a unified specialty insurance group that brings together NFP Totalis Program Underwriters and Aon Affinity’s U.S. programs business under a single go-to-market strategy and identity. Totalis Specialty Group reportedly combines specialty underwriting, program administration, distribution, technology and data capabilities to support brokers,…

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aon logo

Aon to launch $5.5bn unified specialty insurance group

Global professional services firm Aon has announced the launch of Totalis Specialty Group, a unified specialty insurance group that brings together NFP Totalis Program Underwriters and Aon Affinity’s U.S. programs business under a single go-to-market strategy and identity. Totalis Specialty Group reportedly combines specialty underwriting, program administration, distribution, technology and data capabilities to support brokers,…

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Stronger El Niño effects could pressure Brazil’s insurance results: Fitch

Fitch Ratings, a global credit ratings agency providing assessments and analysis across financial markets, expects intensifying El Niño conditions to create additional challenges for Brazil’s insurance industry. The agency said more frequent and severe weather events could result in higher claims and weaker technical performance, particularly among insurers with significant exposure to catastrophe-prone business lines….

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Verisk promotes Harry White to Head of Property Claim Services

Verisk, a data analytics and technology provider to the global re/insurance industry, has promoted Harry White to Head of Property Claim Services (PCS). PCS is a Verisk business providing independent industry loss estimates for catastrophe and non-catastrophe events worldwide to the global insurance, reinsurance, and insurance-linked securities markets. In his new role, White will lead…

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aon storm

Aon estimates hundreds of millions in losses from wave of European severe storms

Severe convective storm systems swept across Europe in recent days, unleashing damaging winds, large hail and torrential rainfall that caused localised flash flooding. The storms are expected to result in aggregate economic and insured losses of hundreds of millions of euros, according to Aon. The severe weather affected parts of Western, Central and Northern Europe,…

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FutureProof appoints Jonathan Mertz as Chief Business Officer

FutureProof Technologies, an AI-native property insurance MGA and Agency, has announced the appointment of Jonathan Mertz as Chief Business Officer. In his new role, Mertz will lead FutureProof’s business development, strategic partnerships and go-to-market efforts as the company scales towards building its AI-native full-stack property insurance carrier. He brings more than two decades of experience…

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Pinpoint UK MGA integrates Quotech’s underwriting platform

Pinpoint UK Solutions Ltd, part of AM Specialty Insurance Group (ASIG), has adopted Risque, an underwriter-built platform established by Quotech, a developer of integrated technology solutions for underwriting and broking teams. Initially, Pinpoint UK will deploy Quotech systems to underwrite UK commercial property business. Pinpoint UK, the Lloyd’s coverholder, was established to lead ASIG’s expansion…

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