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At the annual general meeting (AGM) of global reinsurer Munich Re, the aforementioned dividend proposal of €24 per share for 2025 was approved, with CEO and Chairman of the Management Board Christoph Jurecka noting that the company is in an “excellent financial position” after recording a record net profit of €6.1 billion in 2025. At…
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has appointed Jean Hermelin to the newly created role of chief strategy officer. At Descartes, Hermelin will report to Chief Executive Officer (CEO) and co-founder Tanguy Touffut and join the company’s Executive Committee. He is tasked with leading the development of…
Lemonade, an artificial intelligence-driven digital insurance company, announced its financial results for the first quarter of 2026, with revenue of $258 million, a 71% increase from the same period last year. The revenue increase was attributed to an increase in gross premiums earned and higher premium retention rates due to lower quota share transfer rates…
New Dawn Risk, a specialist Lloyd’s broker operating in the cyber and specialist insurance markets, has launched a new cyber insurance product targeting US healthcare, life sciences and pharmaceutical organizations. New Dawn Risk said the development was developed in response to the increasing privacy and regulatory pressures faced by these industries. The broker noted that…
Global professional services firm Aon launches its first human capital trend research, Gaps at the core of enterprise AI strategies are highlighted. Aon said that while organizations generally agree that people will determine the success of AI, investments in workforce strategies have not kept pace. Aon reports that 88% of employers expect AI to require…
Specialist insurance and reinsurance group Fidelis Partnership (TFP) has announced the appointment of David Woods as Chief Executive Officer, Ireland, with effect from 1 July 2026. TFP’s current Irish CEO Rob Kelly will serve as group financial director to further strengthen the group’s financial functions. Meanwhile, current group finance director Grahame Dawe will focus on…
ACORD, the global standard-setting body for the insurance industry, has announced the appointment of Tim Ellis as UK Managing Director. The organization develops data standards to support consistent and efficient exchange of information across insurance markets, and Ellis said he would focus on driving the adoption and development of ACORD data standards while supporting digital…
Technology-based insurance company Slide Insurance Holdings, Inc. reported net profit of $139.5 million in the first quarter of 2026, an increase of 50.8% from $92.5 million in the same period a year earlier. Gross written premiums increased 49.1% to $414.8 million in 1Q26 compared to $278.2 million in 1Q25, driven by growth in voluntary new…
The Bank of England, through its Prudential Regulation Authority (PRA), has issued a consultation on how funded reinsurance should be treated under UK insurance capital rules. The consultation recommends bringing financed reinsurance more in line with the capital treatment of other types of investments held by UK life insurers, with the aim of removing what…
The UK arm of global insurance company Zurich has announced the appointment of Mark McCausland as its new chief operating officer. In his new role, McCausland will help drive strategic initiatives, enhance market experience and support the responsible adoption of new technologies. He has over 30 years’ experience in the insurance industry and joins Zurich…