Latest Smartphones, Gadgets and Startups News
Insurance
A new report from Fitch Ratings has suggested that global reinsurance pricing will soften further at the 2027 renewals, with terms and conditions offering cedants increasing flexibility as excess supply continues to outpace modest demand growth. “The 2026 renewals demonstrated a strong shift to a buyers’ market, particularly for property risk, where rates declined by…
British insurer Aviva has added terrorism cover as standard to selected digitally traded commercial products for eligible small and medium-sized enterprise (SME) customers in Great Britain, with the insurer citing the recent scheme launched by the UK’s terrorism reinsurer Pool Re as helping them expand coverage in this way. The move, effective from 24 August,…
Fuse, an AI-powered market intelligence company focused on commercial insurance, has launched Fuse Terminal, a new workspace designed to give insurance professionals access to market intelligence, analysis and underlying filing information through a single interface. Terminal has been developed over two years to provide a more consolidated way of assessing the commercial insurance market. The…
The UK insurance regulator’s recent consultation paper on a bespoke regulatory framework for single-parent insurance captives is expected to create a captive regime that compares well with other established captive domiciles, according to AM Best. The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have released a consultation paper on a bespoke regulatory…
Canada Life, a UK insurer providing life insurance and pension risk transfer services, has announced the appointment of Dominic Moret as Managing Director, Bulk Purchase Annuities (BPA). In his new role, Moret will lead Canada Life’s end-to-end BPA proposition, setting its strategic direction, accelerating growth and strengthening its position as a provider of innovative pension…
In its latest report on global and Bermuda reinsurers, Fitch Ratings has disclosed that non-life reinsurers reported improved underwriting profitability year over year in the first half of 2026, driven by lower catastrophe losses. However, Fitch emphasises that the global reinsurance sector is “challenging, with abundant capacity, and intense competition”, which is driving price declines…
The general aviation insurance market is expected to remain highly competitive during the second half of 2026, with strong capacity continuing to place pressure on premiums, according to Willis Towers Watson (WTW), the global advisory, broking and solutions company. WTW’s Executive Director of Global Aviation & Space, Alex Trotter, says the market is displaying a…
Allianz Trade in Asia Pacific has announced the appointment of Scott Munafò as China CEO, a Shanghai-based role, effective September 1, 2026. Since joining Allianz Trade within the Multinationals team in 2015, Munafò has spent over then years shaping commercial strategy across four distinct regions. Throughout his career, he advanced through key account management positions…
Sompo Asia Pacific, part of global insurance and reinsurance firm Sompo, has appointed Winnie Chau as Senior Underwriter, Financial Lines, with responsibility for Hong Kong, Macau and Taiwan. Chau joins the role with more than 14 years of underwriting experience across Financial Lines, including Cyber and Professional Indemnity. She has experience managing complex multinational risks…
Credit ratings agency AM Best has placed At-Bay Specialty Insurance Company (ABSIC) under review with positive implications following the recently announced acquisition of its parent company, At-Bay, Inc., by Munich Re for an enterprise value of USD 575 million. At-Bay is a US-based InsurSec provider offering cyber insurance and risk management services. The cyber insurer’s…