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The Lagos State Government has entered into a parametric flood risk insurance policy in the Nigerian insurance market, aiming to protect up to 4 million vulnerable people and provide up to US$7.5 million in flood response and recovery funds. The launch of the policy represents an important achievement in the Tripartite Agreement program, which aims…
Commercial and consumer property and casualty reinsurance provider Sompo has announced the appointment of Soo Wai Har as chief executive officer (CEO) of its Malaysian property and casualty insurance business, Berjaya Sompo Insurance Berhad, effective April 1, 2026. She succeeds Tan Sek Kee, who is retiring after serving as CEO since 2017. During his tenure,…
Global reinsurer Swiss Re has highlighted that parametric flood solutions that rely on data from multiple sources, including advanced sensors, will be key to its success, improving reliability, reducing underlying risk and increasing confidence. Flood risk is one of the most common weather-related hazards, affecting nearly one-third of the global population. However, despite this, approximately…
AXIS Capital Holdings Limited, a Bermuda-based insurance and reinsurance company, has announced that Matthew Kirk has served as Chief Financial Officer (CFO), effective March 31, 2026. AXIS originally announced Kirk’s appointment in August 2025. He succeeds Peter J. Vogt, who left AXIS after 16 years with the company and served as Chief Financial Officer since…
ShoreOne Insurance Managers, Inc., a provider of specialty insurance solutions to homeowners and institutions, has been acquired by Totalis Program Underwriters. Terms of the deal were not disclosed. ShoreOne will continue to operate as an independent business unit within Totalis, with Cameron Rhodes succeeding Nick Steffey as CEO, according to the announcement. Rhodes and Steffey…
Markel International, the specialty insurance arm of Markel Group Inc., has appointed Camilla Roughan as senior energy underwriter, effective immediately. In his new role, Roughan will be responsible for underwriting Markel’s upstream and midstream energy portfolio. Her responsibilities include strengthening underwriting discipline while further developing relationships with brokers and clients. By refining portfolio focus and…
For the year ending December 31, 2025, Ping An Insurance (Group) Co., Ltd. of China’s property and casualty insurance business maintained stable growth and strong performance, with insurance revenue increasing by 3.3% year-on-year to RMB 338.912 billion. In 2025, Ping An Property & Casualty’s premium income will be 343.168 billion yuan, a year-on-year increase of…
Independent insurance broker Lockton has announced the appointment of Patrick Häusler as Head of Business Development at Lockton Switzerland. In his new role, Häusler will be based in Zurich and work closely with colleagues in Switzerland, the wider region, London and the United States to drive growth and bring Lockton’s global capabilities to the Swiss…
hyperexponential (hx), a pricing and underwriting decision-making platform for commercial property and casualty reinsurance, has partnered with Banyan Risk, marking MGA’s first deployment of hx’s full agency underwriting suite in the US, UK, Canada and Bermuda markets. The hx platform is now expected to be the core of Banyan’s underwriting stack, orchestrating pricing, submissions, governance…
DUAL Group, an international professional underwriting institution, announced the promotion of Scott Sayce to Group Chief Commercial Officer (CCO), effective April 1, 2026. In his new role, Sayce will report to DUAL Group CEO Richard Clapham and will also join the DUAL Group Executive Committee. He has more than two decades of industry experience with…