Latest Smartphones, Gadgets and Startups News
Jensten Underwriting, managing general agent of the Jensten Group, has announced a multi-year agreement with Zurich UK, under which Zurich will act as Jensten’s primary capacity provider to support the growth and future development of the MGA division. The five-year Cornerstone placement delivers more than £300 million across categories of property, casualty and mobility capabilities….
Ripe, a UK-based digital managed general agent (MGA) delivering specialist insurance products through data-driven technology and digital distribution, has announced the appointment of Jon Fell as its new chief operating officer (COO). Fell will lead Ripe’s operational strategy and oversee client operations across the business. Ripe said he will also play a key role in…
Global reinsurance broker and advisory firm Gallagher Re has highlighted the need for more advanced methods to evaluate artificial intelligence systems in order to increase insurers’ confidence when pricing AI-related risks. In its independent report, Anthropic’s Fourth Way: Why constrained AI models are a challenge for insurance companies, Gallagher Re noted that current assessment methods…
Specialty insurance and reinsurance group Fidelis Partnership (TFP) has appointed Alex Rossiter as head of portfolio analysis and risk allocation and Greg Bowman as group head of ceded reinsurance analysis. The two senior appointments strengthen the reinsurer’s technical underwriting, portfolio analytics and group-level ceded reinsurance capabilities. Bowman has relocated from London to Bermuda following an…
Credit rating agency Moody’s Ratings reported that U.S. life insurance companies are increasing their investments in private credit and other illiquid fixed income assets, leading to increased liquidity, concentration and credit risk across the industry. According to Moody’s Ratings, U.S. life insurers’ exposure to private credit and illiquid fixed income assets is increasing in size,…
Antoine Fleury has been appointed General Director of Swiss Re Corporate Solutions France, effective July 1, 2026, subject to regulatory and internal approvals. Bruno Mostermans, who has led the French branch since 2011, is taking on a broader international role as the new Global Head of Account and Distribution Management, overseeing global distribution activities and…
The Mexican government is strengthening its commitment to protecting people from natural disasters by updating its catastrophe insurance program for 2026-2027 and doubling the amount of coverage to 10.4 billion pesos ($596.3 million). According to a government announcement, this update will expand the state’s ability to protect public assets and provide timely assistance to people…
AM Best expects the Mindanao earthquake to cause multiple economic losses, particularly damage to property and infrastructure, but due to the Philippines’ catastrophe protection gap, insured losses are expected to account for only a small portion of the total economic losses. On June 8, 2026, a 7.8-magnitude earthquake struck the southern Philippines. AM Best predicts…
Insurtech Cactus announces the appointment of Keith Bernhard, a seasoned audit and risk management professional with more than 30 years of experience in the insurance, reinsurance and public sector, as its new chief financial officer (CFO) and head of audit. His appointment will bring rigorous public company auditing to the evolving insurtech landscape, and he…
The Mexican government is strengthening its commitment to protecting people from natural disasters by updating its catastrophe insurance program for 2026-2027 and doubling the amount of coverage to 10.4 billion pesos ($596.3 million). According to a government announcement, this update will expand the state’s ability to protect public assets and provide timely assistance to people…