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Dai-ichi Life Insurance Company Limited will work with Bermuda-based life and annuity reinsurance company and Prismic subsidiary Prismic Life Reinsurance to reinsure a number of active whole life and annuity policies denominated in Japanese yen. Under the terms, Daiichi’s obligations to policyholders will remain unchanged after the reinsurance agreement is entered into, and the company…
Howden Capital Markets & Advisory (HCMA), Howden’s specialist risk, capital and strategy advisory business, continues to expand across the continent with the establishment of a German entity. Howden Capital Markets & Advisory (EU) GmbH has been granted an investment company license by the German Federal Financial Supervisory Authority (BaFin). The new entity builds on HCMA’s…
AXIS Capital Holdings Limited, a Bermuda-based global insurance and reinsurance company, has announced the appointment of Anthony Izzo as Chief Commercial Officer (CCO), based in the company’s Red River and New York offices. With 35 years of industry experience, Izzo leads the company’s global commercial strategy, working closely with underwriting and regional leadership to enhance…
Switzerland-based non-life reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has announced the appointment of Lukas Cizek as underwriting manager for Central and Eastern Europe (CEE), effective mid-March 2026. Cizek will succeed Nicolas Schmidhauser, underwriting manager for Eastern Europe, who will retire on March 31, 2026. Since joining SI Re in 2009, Schmidhauser has played a…
Cyber ​​risk management and insurance services provider Resilience reports that the healthcare industry is currently facing a costly cyber threat landscape and some organizations may be misallocating their security spending. In its report, U.S. Healthcare and Cyber ​​Risk: Threats, Trends, and Strategies, The company analyzes claims data from healthcare customers to determine which safety practices…
Zurich Insurance already operates in the Polish commercial insurance market with a new office in Warsaw. The business will be managed by Zurich Austria and led by Kurt Möller, head of commercial insurance for Austria and Central and Eastern Europe and a member of the Zurich Austria board of directors. Möller commented: “We are delighted…
Stephen Rudman, head of Asia maritime and regional aviation at Aon, said the situation in the Middle East highlighted the growing interdependence between geopolitical risk, operational resilience and insurance within the aviation industry. In a statement discussing the impact of tensions in the Middle East, Ruderman noted that the situation is creating a complex risk…
AXA XL, AXA’s property, casualty and professional risks division, has announced the appointment of Poonam Jivram as head of UK and Lloyd’s motor underwriting. Based in London, Jivram is responsible for developing and executing strategic underwriting direction for Lloyds UK’s Fleet Insurance business, driving profitable growth and strengthening relationships with brokers and clients. She will…
The latest report from Hymans Robertson shows that while block annuity transaction volumes fell by more than 20% year-on-year in 2025, buy transaction volume worth less than £100 million increased by more than 30%. The pensions and financial services consultancy revealed that buying volume in 2025 totaled £38.2 billion, down more than 20% from £47.8…
The board of directors of Mapfre Re, the global reinsurance arm of Mapfre Group, has approved the appointment of Fernando Utrilla Agüero as chief financial officer (CFO), succeeding Daniel Quermia. Agüero’s appointment is part of the succession process as Quermia retires after nearly 40 years with Mapfre Re. Agüero joined Mapfre Re in May 1994…