Latest Smartphones, Gadgets and Startups News
News
Global insurance and reinsurance broker WTW has announced the launch of a new version of its Geospatial Mortality Model (GMM) designed to provide enhanced forecasting capabilities to the U.S. pension risk transfer market. While U.S. pension plan sponsors already use GMM to set longevity assumptions, insurance companies can now use this new version. By integrating…
Global professional services firm Aon has appointed Sean Deehan as Chief Executive Officer (CEO) of its Asia Pacific Strategy and Technology Group (APAC), effective immediately. Based in Hong Kong, he reports to Sherif Zakhary, global CEO of Aon Strategy and Technology Group and Inpoint. In his new role, Deehan is responsible for expanding the use…
Sompo Asia Pacific (Sompo APAC), part of Sompo International Holdings Ltd, announced the appointment of Canon Liu as head of financial services for Hong Kong, Macau and Taiwan. Liu will be based in Hong Kong and lead Sompo’s Financial Lines underwriting strategy in the region, driving growth and portfolio expansion in directors and officers, professional…
Reinsurance broker Gallagher Re’s Natural Catastrophes and Climate Report for the First Half of 2026 shows that global insured losses from natural catastrophe events totaled US$46 billion in the first half of 2025, down from US$84 billion last year and 28% below the 10-year average of US$64 billion. In the first half of 2026, losses…
Sompo Asia Pacific (Sompo APAC), part of Sompo International Holdings Ltd, announced the appointment of Canon Liu as head of financial services for Hong Kong, Macau and Taiwan. Liu will be based in Hong Kong and lead Sompo’s Financial Lines underwriting strategy in the region, driving growth and portfolio expansion in directors and officers, professional…
Global professional services firm Aon has appointed Khun Metat Sae-Jan as its new head of life and health (L&H), Thailand reinsurance solutions. In his new role, Sae-Jan will lead the broker’s L&H Reinsurance brokerage business in Thailand. For the past nearly three years, he has served as a partner at XEL Advisory, advising insurance companies…
Credit rating agency Fitch Ratings has upgraded the outlook for Canopius Group’s Bermuda-based reinsurer Canopius Reinsurance Limited (Canopius Re) to positive from stable, while reiterating its Insurer Financial Strength (IFS) rating at ‘A’ (Strong). The agency said the improved outlook reflects its expectation that Canopius Group will continue to strengthen its market position through sustained…
Guy Carpenter, global reinsurance broker and Marsh business, has announced the appointments of James Almaraz and Robert Genovese as managing director and vice president, respectively. Headquartered in Miami, Almaraz and Genovese have a strong portfolio and deep expertise in the health reinsurance space, which will enhance Guy Carpenter’s health reinsurance capabilities in Latin America and…
Barbados-based global reinsurer Active Re has released its 2025 annual report “Preparing for the Future”, reporting a combined ratio of 88.4% in 2025, a return on equity of 16.1%, technical performance of US$26.7 million and total equity of US$108 million. Despite a well-capitalized global reinsurance market, pricing adjustments across multiple lines of business and increased…
MSIG Asia, a general insurance company operating in Southeast Asia and part of MS&AD Insurance Group Holdings (MS&AD), has appointed Ronak Shah as its regional chief executive officer (CEO), effective October 1, 2026. Shah succeeds Clemens Philippi, who will take over as co-chief strategy officer of MS&AD in April 2026, leading the group’s international business…