Category: News

Despite lower legacy deal activity in 2024 and 2025 amid relatively muted catastrophe activity and strength in the broader reinsurance market, brokerage group Aon expects activity in the specialist Lloyd’s market to accelerate as capital allocation becomes more disciplined. Insurance and reinsurance broker Aon’s April 2026 Lloyd’s Heritage report notes that current market dynamics, including…

Insurtech Intelligent AI has expanded into the US market, marking a major milestone for the company building on strong momentum in the London market. The company aims to meet the growing needs of insurance companies seeking to improve data quality, underwriting accuracy and portfolio resiliency. Intelligent AI says it addresses data inaccuracies in the fast-paced…

Independent professional services consultancy Barnett Waddingham (BW) has released the results of its 2026 survey of all 11 active large annuity insurers, indicating that despite acquisition volume reaching new highs, the overall pipeline of plans awaiting completion is still expanding. Barnett Waddingham reports that almost 160 defined benefit (DB) pension schemes have completed the transition…

Insurance holding company WR Berkley Corporation has appointed Kenrick Law as head of underwriting and branch manager of Berkley Re Asia, effective June 2026. Law lives in Singapore and has over 25 years of industry experience. For the past 12 years, he has been regional CEO and head of property and casualty (P&C) account management…

Steve Klinsky, CEO and founder of New York-based New Mountain, said the launch of VictoryRe and NovaRe underscores the company’s belief in the specialty insurance space and plans to expand into complementary areas of the insurance and reinsurance markets over time. The newly established reinsurance platform VictoryRe marks Johor Bahru’s entry into the reinsurance carrier…

Willis Re, a global reinsurance brokerage providing risk transfer solutions and advisory services to insurance companies, has announced the appointment of Chris Eaton to its aviation reinsurance team. Eaton has more than 30 years of experience in aviation reinsurance, with a background spanning claims, technical wording and account management. He began his career at JTG/JLT…

California faces one of the largest flood insurance coverage gaps in the United States, according to the recent Neptune Flood Report, which shows that while the state expects 2.3 million properties to be at risk of flooding over the next 30 years, only 1.4% of properties currently hold residential flood insurance. This report from the…

Vienna Insurance Group, an Austria-based insurance group with operations across Central and Eastern Europe, has approved a series of changes to the leadership team of the group and its subsidiaries Wiener Städtische Versicherung and DONAU Versicherung. The decisions were taken at the Supervisory Board meeting on April 14, and all appointments and transition plans will…

Insurance claims will continue to decline in 2025, even as the risks underpinning them become more concentrated and harder to manage, leading to more severe and longer-term losses, according to a report released by Verisk, a provider of data analytics and technology for the insurance industry, based on data from its ClaimSearch platform. Claim volume…

Xceedance, a global provider of technology-driven business solutions to the insurance industry, announced the appointment of Swapna Allapur as Chief People Officer. In this role, Allapur will lead the company’s global talent strategy with a focus on workforce readiness, enabling transformation at scale, and strengthening organizational capabilities to help insurers adopt new technologies, including artificial…