Category: Insurance

As AI creates new opportunities across the insurance value chain, the Singapore Reinsurers’ Association (SRA) has launched its Reinsurers’ Artificial Intelligence Handbook at the 22nd Singapore International Reinsurance Conference (SIRC), providing practical guidance for underwriting, claims, and risk professionals. The SRA said a working group of members from its Technical and Legal & Compliance Subcommittees…

PwC, a global network of firms providing audit, consulting and advisory services, has appointed Nick Wilks as UK Insurance sector leader. In his new role, Wilks succeeds Alex Bertolotti, who has led the practice for more than five years. Wilks will lead PwC’s UK insurance practice and work with clients across the London Market and…

Specialist international reinsurance broker Willis Re has completed its previously announced acquisition of BMS Re US, the US reinsurance arm of independent broker BMS Group, for an undisclosed sum. The acquisition aims to bolster Willis Re’s broking capabilities and secure a strong platform for its planned US growth, enhancing its existing capabilities and diversifying into…

Corgi Insurance, a technology-focused commercial insurance carrier that uses artificial intelligence across its operations, has appointed Josh LaRiccia to lead its distribution activities as Head of Distribution. The appointment will see LaRiccia take responsibility for expanding the company’s presence across the US insurance market and developing partnerships with managing general agents (MGAs), wholesale intermediaries and…

In a recent interview with Reinsurance News around the Singapore International Reinsurance Conference (SIRC), Anna Ziswiler, Head of Property and Casualty (P&C) Reinsurance SID, Swiss Re, emphasised that the reinsurer is focused on maintaining a strong, well-diversified portfolio in the Asia Pacific (APAC) region as the firm works to help clients navigate a changing risk…

Aon, a global professional services firm providing risk, retirement and health solutions, has reported that two successive windstorms, Austen and Boelo, which brought damaging winds and heavy rainfall to parts of Western Europe between 22 and 25 October 2026, will likely lead to economic and insured losses in the hundreds of millions of euros. According…

Howden Re, a global reinsurance intermediary and specialist risk analytics adviser, has examined how the latest advances in catastrophe modelling could influence the way insurers and reinsurers assess exposure, manage portfolios and make reinsurance purchasing decisions. According to Howden Re, as model developers introduce more up-to-date climate data and revised approaches to estimating losses, the…

Global legacy acquirer RiverStone International has completed its previously announced loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately $1.6 billion in reserves. The transactions were announced in August, and cover North American Middle Market and Workers’ Compensation portfolios, and also European liability books. Completion further strengthens the long-standing partnership between the two…

Chubb, a global property and casualty insurance company, has appointed Lisa Wilson as Head of North America Claims, Jamie Trish as Global Claims Operations Officer, and Norm Rafsol as Global Claims Technical Director, within its Global Claims team. The trio will report to Kevin Rampe, Senior Vice President, Global Claims Officer, Chubb. In her new…

Everest Group, Ltd., a global specialty insurer and reinsurer, has entered into a definitive agreement to sell its Chilean insurance subsidiary, Everest Compañía de Seguros Generales Chile S.A. (Everest Chile), to American International Group, Inc. (AIG). Everest Chile serves corporate and upper-middle-market clients, with a portfolio that includes property, energy, marine, financial lines and casualty…