Category: News

Xceedance, known for its consulting, technology, data and operational solutions for insurance institutions, has expanded its footprint in Asia with the launch of a new talent center in Manila, Philippines. The addition is designed to enhance the company’s ability to provide ongoing support to more than 350 customers in various geographies. It will also facilitate…

Commercial property and casualty insurer Zurich North America has announced the appointment of Tom Morelli to the newly created position of head of U.S. Energy, where he will lead a new strategic business unit within the specialty area. Based in New York, Morelli will be responsible for setting the technical and strategic direction of the…

According to CyberCube’s “Application Analytics and Threat Intelligence Growing in Soft Markets” report, ransomware is surpassing traditional hotspots and rapidly spreading to emerging economies. The research highlights a significant shift in the threat landscape, with ransomware now expanding into regions experiencing rapid digitization, defense imbalances and growing strategic importance, such as Latin America, Africa, the…

Amrit Santhirasenan, CEO of hyperexponential, said that artificial intelligence is moving from hype to practical application, and by 2026, the winners will be insurance companies that invest wisely in technology and modernize their infrastructure to unlock value. Santhirasenan noted that AI offers insurers a real opportunity to achieve a win-win for efficiency and profitability, driving…

International insurer and reinsurer QBE has announced the appointment of Sebastian Tjornelund as Head of Asia Underwriting, Marine, effective December 1, 2025. In his new role, Tjornelund will develop and implement the strategy for QBE Asia’s marine underwriting portfolio and temporary reinsurance business in the region. He will be responsible for the growth and profitability…

AM Best maintains a stable outlook for the U.S. commercial insurance market, citing the segment’s strong underwriting and overall operating results, despite differences across business lines. Other factors supporting AM Best’s stable outlook include continued strength in risk-adjusted pricing and improving investment returns, which are improving operating profitability, particularly for long-tail casualty lines. U.S. commercial…

Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, announced the formation of Ryan Specialty Public Entity, a general underwriter (MGU) focused on the public sector. MGU, led by President Chris Connacher, will provide casualty and automotive physical damage solutions on an insurance and reinsurance basis to publicly owned, tax-funded entities throughout…

While the 2025 North Atlantic hurricane season looks relatively benign, a record share of hurricanes reaching Category 5 levels is a warning that the industry may face superstorms more frequently in a warming world. Commenting on the official end of this year’s hurricane season, Sam Phibbs, director of disaster research at MS Amlin, noted that…

Digital business interruption solutions provider Parametrix has revealed that it has paid claims to customers affected by the Amazon Web Services (AWS) outage on October 20, 2025, allowing affected businesses to recover quickly. On Monday, October 20, the AWS platform experienced an outage that originated in its largest cloud region and was divided into two…

The 2025 Executive Opinion Survey, conducted by the World Economic Forum and released by its strategic partners Marsh Group and Zurich Insurance Group, shows that concerns about an economic recession continue to be a major concern for G20 business leaders. The annual survey, which gathers insights from more than 11,000 business leaders in 116 countries,…