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Demand for cyber reinsurance in 2027 is projected to be stable, while almost half of respondents to Moody’s Ratings 2027 reinsurance buyers survey expect the business to experience low to mid-single-digit price declines. The ratings agency highlights the “continued healthy demand for cyber reinsurance,” however, just over a quarter of respondents aim to buy more…
Markel Insurance, the insurance business of Markel Group Inc., has appointed Nick Rugg to the newly expanded role of Head of Financial Institutions & Fintech – PFR & Cyber within its London specialty insurance operation. The appointment is effective immediately and will see Rugg take responsibility for a portfolio spanning four areas of the financial…
Markel Insurance, the insurance business of Markel Group Inc., has appointed Nick Rugg to the newly expanded role of Head of Financial Institutions & Fintech – PFR & Cyber within its London specialty insurance operation. The appointment is effective immediately and will see Rugg take responsibility for a portfolio spanning four areas of the financial…
Global reinsurer Swiss Re has announced the appointment of Puneet Kumar as the Location Head for India’s Global Capability Centre (GCC). Kumar will continue to lead Central Operations for Asia Pacific while taking on responsibility for his new position as GCCs India. The executive brings over two decades of experience, alongside extensive operations and leadership…
With only around 25 % of catastrophe losses in Europe covered by private insurance, the European Commission has set up the Climate Insurance Alliance to stop national budgets from serving as the default insurer of last resort. The initiative follows a summer of record-breaking climate disasters across the continent. Wildfires raged from Ireland to Greece…
Europe’s 30 biggest reinsurance buyers increased their spending by 85% over the past decade, with ceded premiums rising from €46.2 billion in 2016 to €85.6 billion in 2025, according to new analysis by Solvency II Wire Data. The figures were drawn from group-consolidated Solvency II and Solvency UK non-life regulatory returns filed between 2016 and…
Zhibao Technology Inc., a China-based InsurTech company specialising in digital embedded insurance through its 2B2C business model, has announced further progress in the expansion of its wholly owned reinsurance subsidiary, Zhibao Labuan Reinsurance Company Limited, with new business development activity targeting Hong Kong and Southeast Asian markets. Zhibao Labuan Re was established in Labuan, Malaysia,…
Marsh, the global professional services firm, has appointed Linda Jones as its new US Healthcare Industry Practice Leader for Marsh Risk, with the appointment taking effect on 15 September 2026. Jones will be based in Washington, DC, and will report to Darren Cromwell, Industry Practice Group Leader for Marsh Risk in the US and Canada….
Natsuko Kato has joined Aon’s Transaction Solutions team as Deputy Director, Asia, a Japan-based role, where she will support the broker’s M&A insurance practice across the region. An experienced professional, Kato brings deep experience in advising global private equity investors on transactions in Japan, providing a practical understanding of risk allocation and value protection throughout…
Fitch Ratings, the credit ratings agency, says Colombia’s August earthquake is unlikely to result in changes to insurers’ ratings, but warns that the disaster will put pressure on industry earnings during the second half of 2026, with the effects potentially extending into subsequent quarters as insurers receive, assess and settle claims. Fitch attributes the limited…