Latest Smartphones, Gadgets and Startups News
WTW said a protracted Middle East conflict is emerging as the most likely near-term scenario to impact terrorism and political violence reinsurance renewals, and the market has entered a new equilibrium. Fergus Critchley, global head of terrorism and political violence at WTW, speaking ahead of renewals on April 1, said the market appeared to have…
Infosys, a provider of digital services, business consulting and outsourcing services, is to acquire Stratus, a technology solutions provider for the property and casualty (P&C) insurance industry. The acquisition, which is expected to be completed by the first quarter of fiscal 2027, subject to satisfaction of closing conditions, is aimed at strengthening Infosys’ position in…
Credit rating agency AM Best has removed the positive under review status and affirmed Sompo Japan Insurance Inc. and its subsidiaries’ A+ (senior) financial strength rating and “aa-” (senior) long-term issuer credit rating. The outlook on the financial strength rating is stable, while the outlook on the long-term issuer credit rating is positive, AM Best…
Specialty insurer Tokio Marine Kiln (TMK) has appointed Francesca Kevill as underwriter in its cyber and enterprise risk teams, effective immediately. In her new role, Kevill will report to Ellie Webb, head of commissioned networks and intellectual property. Her appointment builds on a period of significant investment in TMK’s cyber capabilities. The company recently launched…
Global insurance and reinsurance brokerage group Aon’s weekly catastrophe report cited Hawaii government officials as saying that the back-to-back Kona storms that brought extreme rainfall and subsequent flooding to much of Hawaii from March 10 to 24 will result in total economic and insured losses of at least $1 billion. Aon’s report explains that the…
Global reinsurer Swiss Re has appointed Teodora Aldenhoff as chief pricing actuary for Life & Health (L&H) Continental Europe. In her new role, Oldenhoff will join Swiss Re’s leadership team and report directly to Augusto Diaz-Leante, Head of Life & Health Continental and Managing Director of Swiss Re. She has worked for Swiss Re for…
Zurich-based catastrophe insurance data provider PERILS has revealed its preliminary industry loss estimates for extratropical Storm Niels, also known as Ulrike, noting that the event caused a total of €586 million in losses to the insurance industry. The storm peaked on February 12, 2026, bringing damaging winds and heavy rainfall. France experienced its wettest year…
Conduit Holdings, the ultimate parent company of Bermuda-based multi-line reinsurer Conduit Re, has appointed industry veterans Richard Lightowler, Peter Mullen and Penny Shaw as non-executive directors, effective March 26, 2026. Lightowler and Shaw will serve on Conduit’s audit and compensation committees, while Mullen will serve on the company’s compensation committee. Nicholas Shot, Chairman of Conduit…
European savings and retirement services group Athora has completed the acquisition of Pension Insurance Corporation Group Limited, including its wholly-owned subsidiary Pension Insurance Corporation plc (PIC). The acquisition was first announced in July 2025, with Athora agreeing to acquire PIC for approximately £5.7 billion. Earlier this month, Athora secured €3.5 billion in common stock commitments…
Global insurance and reinsurance brokerage group Aon has announced the expansion of its automated incident response (AER) services to include severe convective storms (SCS) in the United States. This enhancement is designed to help insurers better manage losses, deploy resources and respond quickly to policyholders during active weather events. U.S. SCS has become one of…