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Global insurance and reinsurance broking group WTW has received the necessary regulatory approval to take full control of its longstanding joint venture, UAE-domiciled Al-Futtaim Willis (AFW). Regulatory approvals were granted by the Central Bank of the UAE and the Central Bank of Bahrain to complete the change in ownership of Al Futtaim Willis. The change in…
Global specialty re/insurance broker Consilium has appointed Henry Menage as Professional Indemnity New Business Executive, strengthening its Professional Indemnity (PI) offering within its UK & Ireland Risk Solutions Division. The appointment aligns with and strengthens Consilium’s ambition to build a market-leading PI proposition to provide expertise, responsiveness, and access to quality capacity. Most recently, Menage…
Zurich has completed its £8.1bn takeover of Beazley, with the London-headquartered specialist insurer now set to delist from the London Stock Exchange following the implementation of the court-sanctioned scheme of arrangement. The scheme became effective today, 1 October 2026, after Beazley and Zurich delivered a copy of the court order sanctioning the transaction to the…
Aon, the global professional services firm, has appointed Naoki Kido as Global Head of Japan Global Solutions (JGS), effective 30 September 2026, while Yuki Tanemura has been named Global Chief Commercial Officer (CCO) and Head of North America for JGS, effective 1 January 2027, both subject to applicable regulatory requirements. The two appointments aim to…
Lexington Insurance, a US-based surplus lines insurer and part of AIG, has established a dedicated Financial Institutions practice and welcomed Kevin Ware as Head of Financial Institutions, LexPro. Financial institutions are operating in a rapidly changing market, as emerging technologies, AI infrastructure investment, data-driven decision-making and evolving sources of capital create new and changing risk…
Gallagher, the global insurance broking and risk management group, has announced the appointment of Malgorzata (Gosia) Kuczewska as Chief Executive Officer (CEO) of its operations in Switzerland. Established in 2019, Gallagher’s Switzerland team provides insurance and risk management services across a range of industries including financial lines, construction, property and fine art. Kuczewska brings 17…
Simon Global Group (SG Group), an Asia-focused insurance and reinsurance broking group, is strengthening its regional reinsurance operations with the development of SG Re in Singapore. SG Re has received in-principle approval from the Monetary Authority of Singapore (MAS) to proceed with formal registration as a general reinsurance broker under the Insurance Act 1966. Once…
Insurers expect property reinsurance prices to fall further in 2027, according to the latest reinsurance buyers survey from Moody’s Ratings, the credit rating agency. Moody’s polling of cedents found that around 38% anticipate portfolio-wide property reinsurance pricing to fall between 7.5% and 15% next year, while almost a fifth expect declines of more than 15%….
Markel Insurance, the insurance operation within Markel Group Inc., has announced the appointment of Jonathan Handen as Head of Trade Credit & Political Risk – Americas for its International operations. In his new position, Handen will oversee the Trade Credit and Political Risk portfolio across the Americas, driving underwriting performance, strategic growth and portfolio development…
Cyber risk intelligence company KYND has introduced a new capability aimed at helping insurers identify artificial intelligence (AI) technologies across an organisation’s externally visible digital environment during the risk selection process. The new AI discovery functionality allows underwriters to identify AI technologies associated with an organisation’s external digital footprint using a single domain. KYND says…