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Lloyds Market Association (LMA) clarified in a recent statement that the reduction in ship traffic in the Strait of Hormuz is not due to the availability of insurance, but rather due to security concerns. The LMA said: “Three weeks since hostilities in the Middle East began, we are still seeing reports of insurance being canceled…
Pinion Insurance, a new technology-based specialist insurance company, has announced the appointment of Chris Jones as Group Chief Financial Officer, effective immediately. Jones is now a member of the founding leadership team consisting of chief executive Neil McConachie, group chief underwriting officer Philip Vandoninck and group chief technology officer Laura Baird. He also becomes a…
Allianz Jio Reinsurance Limited (Allianz Jio Re), a joint venture between Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe BV, has started operations in India, including underwriting reinsurance, with immediate effect. Allianz Jio Re, led by Chief Executive Officer (CEO) Sonia Rawal, combines JFSL’s local market knowledge and…
BPL, an independent broker in credit and political risk insurance (CPRI), has appointed Edouard Huberdeau as director as part of its continued global expansion. Huberdeau will be based in BPL’s Geneva and Paris offices and focus on developing tailored credit insurance solutions, including margins, for existing clients. He will also support new clients in Europe…
WTW Business Willis has partnered with Circle Asia to launch a new art insurance facility designed specifically for individual collectors and art galleries in Asia, the first of its kind in the region. The agency combines the specialized art insurance expertise of Willis and Circle’s digital platform to provide a seamless and cost-effective way to…
Specialty underwriter SiriusPoint partners with Steadily, one of the largest landlord insurance specialists in the United States, to provide underwriting capabilities. Steadily was founded in Texas in 2020 to address the gap in rental property insurance, providing tailored insurance solutions to real estate investors and currently operates in all 50 U.S. states. Its automated underwriting…
Bermuda-based insurance and reinsurance company Everest Group has appointed Jason Busti as its new North American head of treaty reinsurance, responsible for leading treaty reinsurance operations in the United States, Bermuda and Canada. Busti will report to Jill Beggs, executive vice president and chief executive officer of Reinsurance, and will serve as a key member…
Pacific Life, a U.S.-based provider of life insurance and annuity products, has released the results of its 2026 Underwriting Outlook Survey, providing insight into how underwriting is evolving across the life insurance industry. Pacific Life reports that the survey was conducted during the fourth annual Underwriting Symposium in Laguna Beach, California, and gathered feedback from…
Verisk, a global provider of data analytics and technology to the insurance industry, has announced the appointment of Raja Sengupta as President of its Life Solutions business, effective immediately. Sengupta will lead Verisk’s life solutions team to deliver data analytics, software and artificial intelligence-driven solutions that help life and annuity insurers modernize underwriting, accelerate decision-making…
Vortex Weather Insurance, a provider of parametric weather insurance solutions, has launched direct access to its parametric hail insurance product, HailSafe. HailSafe can now be purchased directly from Vortex by brokers and businesses exposed to weather conditions, including open parking lots, solar farms, commercial rooftops and agricultural operations, whereas previously it could only be purchased…