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Parag Gupta, CEO of global reinsurer SCOR India, said the country’s low insurance penetration, expanding infrastructure, rising catastrophe risks, and growing demand for new solutions such as covered bonds, parametric insurance, cyber and specialty risks will inevitably require deeper and more sophisticated reinsurance support. At the 3rd Global Reinsurance Summit 2026, Gupta shared his insights…
Applied Systems Inc. has released fourth quarter 2025 results for the Applied Business Index, a premium rate index for the Canadian insurance industry, showing year-over-year increases in average premium rate changes for personal auto and personal property lines. Average personal auto premiums increased in all provinces compared with the previous quarter, while average personal property…
Global reinsurance brokerage and advisory firm Gallagher Re has appointed Minesh Jani as Chief Executive Officer (CEO), India, with effect from June 2026. Jani is a veteran of the reinsurance industry with over thirty years of experience. Most recently, he served as Managing Director of the DIFC branch of Howden Insurance Brokers Limited. Prior to…
Artificial Labs, a provider of digital brokerage and underwriting technology for the specialty and commercial insurance markets, has successfully closed a $45 million Series B funding round. The capital injection marks an important milestone for Artificial as it continues to grow and expand its global market share. “This round of financing gives us room to…
Andrew Krasner, chief financial officer (CFO) and co-head of corporate development at global insurance broker WTW, today revealed that the company is pleased with Willis Re’s participation in the recent January 2026 renewal. After completing the sale of its Willis Re treaty reinsurance business to Arthur J. Gallagher & Co. in late 2021, WTW confirmed…
Global insurance and reinsurance brokerage Howden has expanded its operations into Fiji with the opening of its newest office in Suva. This strategic expansion is in line with Howden’s long-term plan to provide innovative insurance and risk solutions based on the needs of its customers in the Pacific region. The broker explained that the move…
Xceedance, a global provider of technology-driven business solutions to the insurance industry, has announced the appointment of Gavin Lillywhite as Senior Vice President (SVP) of Business Development, covering the UK and continental European markets. In this role, Lillywhite will work alongside Justin Davies, Senior Vice President of Business Development, as part of a strengthened commercial…
While 2025 is shaping up to be a “broadly supported” year for insurance buyers, Aon said market conditions are becoming increasingly fragmented across product lines and geographies, underscoring the growing need for customized insights and analytics-driven decisions as organizations move into 2026. Despite generally weak conditions across many major insurance businesses, Aon’s latest Global Insurance…
Global reinsurance brokerage Gallagher Re has appointed Fabrice Jerlin as its new chairman of the Middle East and Africa region. Jerlin brings more than thirty years of reinsurance industry experience to this position. He spent most of his career at Swiss Re before joining Gallagher Re. Most recently, he served as Swiss Re’s GCC Property…
Specialty property and casualty insurance company Palomar Holdings, Inc. has completed its acquisition of national insurance company The Gray Casualty & Surety Company (Gray Surety) and successfully closed new unsecured financing. The acquisition was originally announced in October 2025, with Palomar agreeing to acquire Gray Surety from Bernhard Capital Partners (BCP) and The Gray Insurance…