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Euna, a specialist managing general agent (MGA), has announced the appointment of Steve Morse as Head of Personal Lines. Morse will report directly to Ross Dingwall, CEO of Euna. He will join the firm’s personal lines team, which was launched in July alongside Specialist Home, its non-standard residential and contract works product. The product covers…
Aki Hussain, Group Chief Executive Officer (CEO) of global insurer Hiscox, has joined the Steering Committee of the Insurance Development Forum, a public-private partnership between the insurance industry, the UN, and the World Bank to protect vulnerable countries against climate disasters. As a respected insurance leader, Hussain brings extensive executive leadership experience in the global…
AM Best, the global credit rating agency focused on the insurance sector, has lowered the Financial Strength Rating of SanlamAllianz Re Ltd (SAZ Re), the Mauritius-based reinsurance company, to B++ (Good) from A- (Excellent). The agency has also reduced SAZ Re’s Long-Term Issuer Credit Rating to “bbb+” (Good) from “a-” (Excellent). At the same time,…
AXA XL, the property and casualty specialty risk division of AXA, has announced the appointment of Thomas Götting as Chief Client & Distribution Officer for APAC & Europe, effective 1 October 2026. In his new role, Götting will lead AXA XL’s client and distribution strategy across Europe, Asia and Australia. He brings nearly 30 years…
The Wawanesa Mutual Insurance Company (Wawanesa) has launched WSI, which marks the closing of the acquisition of Everest Insurance Company of Canada (Everest Canada), a move which aims to enhance and accelerate its diversification, growth priorities, and commercial capabilities. The acquisition was initially announced in March and approved by applicable regulatory authorities in September. Wawanesa…
Marsh, a global insurance broking and risk management firm, has announced the appointment of Andrew Neary CEO of Marsh Agency’s newly combined Eastern region of the US, effective immediately. Based in Conshohocken, Pennsylvania, Neary will lead around 1,400 colleagues across the unified East and Northeast territories. The newly established East region, which has an unified…
Proposed changes to the federal terrorism insurance backstop could raise the program trigger to $10 million from $5 million and require insurers to absorb more terrorism-related losses, according to new commentary from AM Best. The proposed Terrorism Risk Insurance Program (TRIA) Program Reauthorization Act of 2026 would extend the current Terrorism Risk Insurance Program Reauthorization…
Bold Penguin, an AI-enabled insurance distribution technology company specialising in commercial lines, and bolttech, a global insurtech providing technology-led insurance distribution, have entered into a global strategic partnership covering the US, Europe and Asia. The partnership will focus on developing a combined offering spanning commercial and personal lines, with the companies targeting insurance agents, insurers…
Texas-domiciled Tokio Marine HCC – Cyber & Professional Lines Group (CPLG), a member of the Tokio Marine HCC Group, has promoted Jonathan Holmes to Senior Vice President (SVP) of Professional Lines. This expands Holmes’ leadership across several of CPLG’s core professional liability businesses, which aligns with CPLG’s long-term goal of continued investment in its professional…
Enact Holdings, Inc., a U.S. private mortgage insurance provider, has announced that its wholly owned subsidiary, Enact Mortgage Insurance Corporation, has entered into a quota share reinsurance agreement with a panel of reinsurers as part of its diversified credit risk transfer programme. Each reinsurer on the panel is currently rated “A-” or better by S&P…