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Global reinsurer SCOR and Japan Post Insurance Company have signed a memorandum of understanding (MoU) for the transfer of the latter’s postal life insurance policies and the establishment of a reinsurance vehicle designed to assume underwriting risks held by both companies. Post Life Insurance policies are reinsured by the Postal Savings Organization, Post Life Insurance…
US insurance brokerage ALKEME Insurance has announced the acquisition of Virtue Risk Partners, a Pearl River, New York-based managing general agent (MGA) specializing in specialty insurance solutions. MGA’s platform is designed to provide tailored insurance products, risk management support and claims expertise to contractors, consultants and engineers in all 50 states. ALKEME Insurance said the…
Independent insurance broker Lockton has appointed Alberto Ferriolo as regional growth head for Asia maritime and transport based in Singapore. In his new role, Ferriolo will lead portfolio and revenue growth in the region, working closely with the broker’s country leaders to develop cross-border opportunities and enhance cargo and commodity trading capabilities. He has over…
Miami-based general agent Nebula MGA has been officially appointed as a Lloyd’s underwriter. This important milestone underscores MGA’s continued expansion, operational capabilities, underwriting discipline and commitment to delivering innovative, specialized insurance solutions globally. Since its founding in 2021 by Raúl Pérez and Alejandro Rebolledo, Nebula MGA has rapidly developed into a dynamic international insurance platform…
Zurich-based reinsurer Echo Re has announced the appointment of experienced insurance executive Ankur Sharma as chief officer of its India arm at the Gujarat International Financial Technology City (GIFT City). Sharma, a highly respected figure in the Indian insurance industry, joins Echo Re after nearly a decade with Swiss Re, where he was most recently…
Lockton, a privately held independent insurance broker, said conditions remain favorable for U.S. commercial insurance buyers in most coverage categories, creating opportunities to strengthen insurance programs and ensure long-term value. However, the company warned that changing economic conditions, geopolitical uncertainty and broader industry disruption could alter market dynamics in the coming months, according to its…
Marsh Reinsurance broker Guy Carpenter has announced the appointment of Dennis Sugrue as head of international business intelligence. In this role, Sugrue will lead the development of industry risk insights to drive thought leadership and client solutions for the brokerage. He will also work closely with the firm’s brokerage, analytics and advisory teams to provide…
Amulet Specialty, the professional managing general agent (MGA) powered by MISSION, has launched a comprehensive product portfolio covering property types as well as casualty, liability and business interruption. By combining specialized underwriting expertise with advanced technology, Amulet aims to eliminate unnecessary administration, allowing teams to focus on building broker relationships and delivering optimal client outcomes….
Everest Group, Ltd., a global leader in specialty insurance and reinsurance, announced the appointment of Craig Hanrahan as global distribution and chief commercial officer, effective August 1, 2026. In his new role, Hanrahan will lead Everest’s global distribution strategy and key commercial relationships for the re/insurance business. He will work closely with business leaders to…
Munich Re Specialty Insurance – North America (MRS-NA) has expanded its real estate professional liability solutions to provide specialized protection for real estate professionals facing increasingly complex professional, regulatory and operational risks. Designed for the dynamic real estate market, this insurance helps protect businesses from claims involving errors, omissions, negligence, misrepresentations and other professional services…