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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…
The general aviation insurance market is expected to remain highly competitive during the second half of 2026, with strong capacity continuing to place pressure on premiums, according to Willis Towers Watson (WTW), the global advisory, broking and solutions company. WTW’s Executive Director of Global Aviation & Space, Alex Trotter, says the market is displaying a…
Allianz Trade in Asia Pacific has announced the appointment of Scott Munafò as China CEO, a Shanghai-based role, effective September 1, 2026. Since joining Allianz Trade within the Multinationals team in 2015, Munafò has spent over then years shaping commercial strategy across four distinct regions. Throughout his career, he advanced through key account management positions…
Sompo Asia Pacific, part of global insurance and reinsurance firm Sompo, has appointed Winnie Chau as Senior Underwriter, Financial Lines, with responsibility for Hong Kong, Macau and Taiwan. Chau joins the role with more than 14 years of underwriting experience across Financial Lines, including Cyber and Professional Indemnity. She has experience managing complex multinational risks…
Credit ratings agency AM Best has placed At-Bay Specialty Insurance Company (ABSIC) under review with positive implications following the recently announced acquisition of its parent company, At-Bay, Inc., by Munich Re for an enterprise value of USD 575 million. At-Bay is a US-based InsurSec provider offering cyber insurance and risk management services. The cyber insurer’s…
Guy Carpenter, a business of Marsh and a global risk and reinsurance specialist, has announced that Jessica Ciak has joined the firm’s Healthcare Segment as Senior Vice President, focusing on the US Medical Professional Liability sector. Ciak will be based in Minneapolis, Minnesota, and report to Martha Jacobs, Guy Carpenter’s Healthcare Segment Leader. Bringing over…
The Nature Conservancy’s (TNC) HawaiÊ»i coral reef insurance policy will pay for damage assessment and reef repairs for the first time since it purchased the US’s first such policy four years ago, following Hurricane Lala’s impacts this weekend, which brought dangerous flooding, strong winds and widespread power outages across the state. Active since 2022, the…
Price Forbes, a specialist insurance and reinsurance broker, has announced the appointment of Deborah Martinez Ojeda as Director, International Property. Martinez Ojeda brings deep market expertise and a strong track record of supporting clients across Latin America, with extensive experience placing complex property and reinsurance risks across Lloyd’s, London and international markets. She joins Price…