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The World Bank’s Board of Directors approved a $400 million Morocco Climate and Risk Financing Program aimed at strengthening Morocco’s financial resilience to climate, disaster and cyber risks while helping to unlock private capital for the country’s climate infrastructure development. According to the World Bank, the program will develop catastrophe and cyber insurance instruments to…

Independent insurance intermediary and financial services group Clear Group has announced that its chief financial officer Tim Money will leave the role at the end of June 2026 after more than six years in the role. The company said Money joins at a key stage in its development and has been closely involved in supporting…

Willis, WTW’s insurance brokerage, risk advisory and advisory arm, has launched an upgraded climate diagnostics solution designed to help organizations assess and respond to the growing impact of climate-related risks on the property insurance market. The updated tool forms part of the WTW Risk IQ platform, which, according to Willis, provides advanced climate risk analysis…

As wildfires increase in frequency and severity, Liberty Mutual Reinsurance and satellite disaster management solutions provider ICEYE have partnered to launch a new parametric wildfire insurance solution. The partnership addresses the urgent need for faster risk solutions in wildfire-prone communities, leveraging high-resolution satellite data to provide immediate, fast payments and address critical protection gaps. Liberty’s…

More than half (55%) of UK insurers have integrated artificial intelligence (AI) into core business functions, but many now face the industry’s growing “AI execution gap”, according to a recent report by dynamic AI insurance platform Earnix. Earnix’s survey is based on insights from more than 400 global insurance executives, including 40 UK insurance leaders….

Global reinsurer Swiss Re has promoted company veteran Torben Swart to managing director (MD) and appointed him head of technology and operational excellence for Asia Pacific (APAC) ex China, effective August 1, 2026. In his new role, Swart will help drive underwriting excellence, enhance operational capabilities and support business growth and resiliency. The newly created…

VIG Re, the reinsurance arm of Vienna Insurance Group, has appointed Wilfrid Goh as Chief Representative for the Asia Pacific (APAC) region of its proposed Singapore representative office, effective July 1, 2026, subject to approval by the Monetary Authority of Singapore (MAS). In his new role, Goh will lead the establishment of VIG Re’s business…

Specialty insurance and reinsurance broker Tysers has appointed William Furness-Smith as interim chief executive of Tysers Singapore, following the departure of reinsurance chief executive and executive director Babita Rai. Furness-Smith’s appointment as permanent CEO is subject to approval by the Monetary Authority of Singapore (MAS). Tysers explained that he has a long-standing relationship with the…

Cyber ​​risk analytics provider CyberCube has formed a strategic partnership with Affinity Marketplace to integrate insurance quotes into a single workflow to drive growth in cyber insurance adoption among small and medium-sized enterprises (SMEs). The partnership aims to streamline several long-standing challenges that SMBs face in insurance adoption, including the need to streamline cyber risk…

Sapiens, a SaaS-based smart insurance software solutions company, has appointed experienced insurtech sales leader Kellen Petersen as executive vice president of sales, Americas. He will be based in Washington, D.C., and report to Sapiens Chief Revenue Officer James Hannay. In his new role, Peterson will lead sales across the Americas, with responsibility for revenue growth…