Category: Insurance

More than half (55%) of UK insurers have integrated artificial intelligence (AI) into core business functions, but many now face the industry’s growing “AI execution gap”, according to a recent report by dynamic AI insurance platform Earnix. Earnix’s survey is based on insights from more than 400 global insurance executives, including 40 UK insurance leaders….

Global reinsurer Swiss Re has promoted company veteran Torben Swart to managing director (MD) and appointed him head of technology and operational excellence for Asia Pacific (APAC) ex China, effective August 1, 2026. In his new role, Swart will help drive underwriting excellence, enhance operational capabilities and support business growth and resiliency. The newly created…

VIG Re, the reinsurance arm of Vienna Insurance Group, has appointed Wilfrid Goh as Chief Representative for the Asia Pacific (APAC) region of its proposed Singapore representative office, effective July 1, 2026, subject to approval by the Monetary Authority of Singapore (MAS). In his new role, Goh will lead the establishment of VIG Re’s business…

Specialty insurance and reinsurance broker Tysers has appointed William Furness-Smith as interim chief executive of Tysers Singapore, following the departure of reinsurance chief executive and executive director Babita Rai. Furness-Smith’s appointment as permanent CEO is subject to approval by the Monetary Authority of Singapore (MAS). Tysers explained that he has a long-standing relationship with the…

Cyber ​​risk analytics provider CyberCube has formed a strategic partnership with Affinity Marketplace to integrate insurance quotes into a single workflow to drive growth in cyber insurance adoption among small and medium-sized enterprises (SMEs). The partnership aims to streamline several long-standing challenges that SMBs face in insurance adoption, including the need to streamline cyber risk…

Sapiens, a SaaS-based smart insurance software solutions company, has appointed experienced insurtech sales leader Kellen Petersen as executive vice president of sales, Americas. He will be based in Washington, D.C., and report to Sapiens Chief Revenue Officer James Hannay. In his new role, Peterson will lead sales across the Americas, with responsibility for revenue growth…

In an interview with Reinsurance News, Sarbvir Singh, CEO of PB Fintech United Group, emphasized that a more open and predictable regulatory environment is attracting global reinsurance companies to settle in India’s first International Financial Services Center (IFSC)-Gujarat International Financial Technology City (GIFT City). GIFT City’s insurance and reinsurance business volumes are growing rapidly, from…

As the 2026 FIFA World Cup gets underway, heightened risks highlight a range of weather-related hazards in host locations, prompting insurers to increasingly turn to parametric solutions to provide rapid liquidity when predefined conditions are triggered. Global specialist reinsurance broker Augment Risk has identified extreme heat as a widespread issue affecting several US host cities….

Guy Carpenter, a global risk and reinsurance specialist and a Marsh business, announced the appointment of Phil Xu as Managing Director (MD) and Chief Operating Officer (COO) for Mainland China and Hong Kong, effective August 1, 2026. Xue has over 20 years of experience in the insurance and reinsurance sectors and has a proven track…

Porch Reciprocal Exchange (“Reciprocal”) has sold approximately 2.1 million shares of Porch Group, Inc. common stock to Porch for a total purchase price of $15.0 million in cash, equivalent to a purchase price of $17.70 per share. According to the announcement, the parties entered into a securities purchase agreement on June 10, 2026 after obtaining…