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Global insurance and risk solutions company Howden has expanded its Hong Kong team with a number of strategic appointments, reflecting its focus on client service and long-term growth. Cyrus Cheung, ACII, joins as senior director of business development. Zhang brings extensive experience in enterprise risk consulting and will focus on expanding client relationships, identifying new…
Credit rating agency Moody’s Ratings expects the Indian insurance industry to benefit from continued premium growth over the medium term, supporting improved profitability. Moody’s believes this growth will be driven by strong economic expansion, rising household incomes, accelerated digitalisation, supportive tax measures and the government’s intention to reform the dominant state-owned insurance industry. While these…
In response to growing industry demands, Mosaic Insurance, a specialty insurer focused on cyber risk and financial institutions, has strengthened its North American and international transaction tax liability teams. The expansion includes the promotion of one specialist and the recent addition of four new tax risk professionals. Bill Monat, global head of transaction liability at…
CelsiusPro Group, a provider of parametric insurance solutions for climate risk, has partnered with ECOM Agroinduscial Corp Ltd., a soft commodities services group specializing in coffee, cocoa and cotton, to provide parametric insurance to Indonesian farmers exposed to climate and natural disaster risks. The initiative is funded by the University of Southern Queensland (UniSQ), Australia,…
International insurance group Fortis has updated its net operating results guidance, now expecting profits in 2025 to be significantly higher than originally forecast due to tax changes in China. The updated guidance range is now set at €1.6 to €1.65 billion, a significant increase from the previous forecast of €1.3 to €1.35 billion. The revision…
Zurich Insurance Group has submitted an improved proposal to acquire specialist insurer Beazley for 1,280p a share in cash, after the latter’s board rejected an earlier proposal which they believed significantly undervalued the company. On January 4, 2026, Zurich submitted a proposal of 1,230p per share in cash from Beazley to acquire 100% of the…
Reinsurance provider Westfield Specialty International has appointed Matthew Radbourne as collective underwriter for its power and onshore renewables sectors, based in London. Radbourne will report to Jon Hamilton, director of marine and energy. Hamilton commented: “We are delighted to welcome Matt to Westfield Specialty. His extensive experience and knowledge of the power and renewable energy…
The World Wildlife Fund (WWF), the international conservation organization dedicated to environmental protection and sustainable development, has released a new white paper titled Addressing the Insurance Protection Gap: Harnessing Climate and Nature to Build Resilience. The paper warns that ecosystem degradation is increasing climate-related risks and leading to an increase in uninsured losses in advanced…
Berkshire Hathaway Specialty Insurance (BHSI), the commercial insurance arm of Berkshire Hathaway, recently announced the promotion of Kim Schumacher to head of general property in Germany. Schumacher joined BHSI in 2024 as a senior property underwriter and has nearly two decades of experience in the insurance industry. Andreas Krause, Director of BHSI DACH, commented: “Kim…
In a recent report, Fitch Ratings noted that the insurance and reinsurance market is expected to weaken further in 2026, but profitability will remain strong and return on equity (ROE) will remain above the industry’s cost of capital. Fitch forecasts that while returns on equity may fall into the mid-teens, around 15.5%, from the high…