Category: News

Commercial property and casualty insurer Zurich North America has announced the appointment of Jim Villa as global head of accident and health (A&H). Villa has nearly 35 years of industry experience and joins Zurich from Arch Insurance Group, where he served as senior vice president of A&H strategy and distribution. Prior to that, he served…

Nearly two-thirds (66%) of organizations globally plan to increase cybersecurity investments in the coming year amid today’s evolving threat landscape, according to new research from Marsh, an insurance broker, risk advisor and business unit of Marsh McLennan. Marsh’s recent report, “Cyber ​​Catalyst Report: Guiding Priorities for Cyber ​​Investments,” draws insights from more than 2,200 cyber…

Ivans, a division of Applied Systems, has released its November 2025 Ivans Index results, showing average premium renewal rates increasing year over year for commercial auto, business owner’s policy (BOP), general liability, commercial real estate and Umbrella. On the other hand, premium renewal rates have declined during the workers’ compensation period. Compared with the previous…

Navium Marine, a specialist marine-focused Managing General Agency (MGA) operating through Fidelis Partnership’s Pine Walk platform, has launched the Constellation Consortium, the largest satellite pre-launch consortium in the Lloyd’s market. The consortium will draw on capacity in approximately 10 markets, offering a total cap of $75 million. Navium is leading the effort under the direction…

China Reinsurance (Group) Co., Ltd. (hereinafter referred to as “China Re Group”) announced that it had obtained the qualification of Zhuang Qianzhi as chairman of the board of directors approved by the State Financial Supervision Administration on December 8, 2025. Previously, China Re Group announced in September 2025 that He Chunlei, the company’s chairman, executive…

Ledger Investing has launched Korra, an independent SaaS platform company designed to bring efficiency, transparency and intelligence to the casualty reinsurance and insurance-linked securities (ILS) markets. Korra connects insurers, MGAs, reinsurers and institutional investors through an integrated suite of applications and AI-driven workflows, supporting the entire reinsurance lifecycle – from pricing and structuring to performance…

Credit rating agency AM Best has assigned Florida Insurance and Reinsurance Company (Florida Re), a subsidiary of global independent reinsurance group MNK Group Holdings, a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent). Meanwhile, London-based MNK Group has received a long-term ICR of “bbb-” (good), with…

According to Moody’s RMS model, two-thirds of residential flood damage in the United States is uninsured, putting millions of homeowners and the broader economy at financial risk. Moody’s highlights that flooding remains the most underinsured natural risk in the United States, with only a small portion of residential properties carrying flood insurance despite the increasing…

Mosaic Insurance, a specialty insurance company specializing in financial institutions and cyber risks, announced on December 15 the appointment of Sachin Warty as global head of financial institutions and professional liability (FinPro). Watty’s hiring is part of the firm’s plans to expand its financial institutions and professional liability business lines in North America. Based in…

The UK’s Financial Conduct Authority (FCA) has announced reforms to simplify its insurance rules and reduce costs for insurers while providing appropriate protection for small business customers, with further reforms planned for next year. The FCA stressed that the final rules are intended to give insurers greater flexibility and responsibility, such as deciding how often…