Category: Insurance

The European Insurance and Occupational Pensions Authority (EIOPA), the EU body responsible for supporting effective and consistent supervision of insurance and occupational pensions, has issued new guidance on the authorisation and ongoing supervision of re/insurance undertakings with links to private equity. In its supervisory statement, EIOPA sets out areas it believes national supervisory authorities should…

Corporate & Specialty lines insurer HDI Global (HDI) has expanded its established German medical malpractice business into an international offering with the launch of Global Healthcare Solutions, a new proposition to be led by Colin Lavey. The launch of Global Healthcare Solutions marks the next step in HDI’s international expansion, allowing it to serve a…

Pivix, an excess and surplus lines managing general agent (MGA) and part of Octave Specialty Group, Inc., has launched a new monoline commercial property programme. Designed to expand Pivix’s growing portfolio of specialty products, the new programme focuses on well-maintained commercial properties across a broad range of occupancies, including habitational, office, retail, hotels, healthcare offices,…

Duck Creek, an insurance technology provider focused on core systems and digital capabilities for insurers, has appointed Andy Moss as General Manager (GM) of Underwriting and Lloyd Peters as Vice President and General Manager for Europe, the Middle-East, and Africa (EMEA). The appointments follow Duck Creek’s previously announced acquisition of Send Technology Solutions Ltd in…

Otonomi Insurance Services LLC, a licensed managing general agent, Tag-N-Trac, and Solent Freight Services have together launched a parametric cargo protection programme, TRACinSURED, to cover perishable cargo. The solution combines Tag-N-Trac’s AI-powered, infrastructure-independent real-time data, Otonomi’s delay and visibility data, and Solent’s air freight network, so covered events can be verified and settled quickly and…

Icen Risk, a specialist transactional risk insurer, has strengthened its North American Tax Liability Insurance team with the appointments of Hannah Tucker and Courtney Johnson. The company said the hires support its plans to grow its presence in the region and broaden the specialist expertise available to clients and brokers. Icen Risk said the appointments…

More than 300 Russia-linked cyber incidents have affected UK-headquartered companies since 2022, according to CyberCube data cited in a new report on the economic cost of Russian hostile activity against the UK. What’s more, this figure is likely a significant undercount, given that attribution is difficult and businesses under-report incidents. CyberCube’s findings, featured in The…

CatIQ, a Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has released its initial industry loss estimate for the severe storm outbreak that affected southern Ontario, including Toronto, on 2 and 3 September 2026, placing insured losses at CAD 563 million. On 2 and 3 September, a late-season severe storm outbreak…

Companies are increasingly experiencing a sharp increase in business interruption losses, with average claims exceeding €850,000, around 70% higher than the average associated property damage claim, according to a new analysis from Allianz Commercial. With the average property damage claim coming close to €500,000, the data demonstrates that the financial consequences of operational downtime can…

Relm Insurance, a specialist insurer serving emerging industries, has appointed Ankur Pandya as Senior Vice President – Financial Lines and Cyber as the company continues to develop its presence in the US market. Based in New York, Pandya will report to Shane Doyle, Relm’s Chief Underwriting Officer. In his new position, Pandya will be responsible…