Latest Smartphones, Gadgets and Startups News
Pikine, Senegal’s second largest city with more than 750,000 inhabitants, signed a parametric insurance contract against excess rainfall, structured by AXA Climate and underwritten by a consortium of Senegalese insurance companies AXA Sénégal, ASKIA Assurances and SUNU Assurances, and reinsured by Africa Risk Capacity (ARC) Ltd. The insurance will give Pikine 200 million CFA francs…
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited’s combined ratio improved to 90.4% and 89.8% in the fourth quarter and full year of 2025, respectively, with catastrophe losses falling in both periods compared with the same period a year earlier and net favorable reserve development (PYD) higher in the prior year. AXIS Capital ended 2025…
Global insurance and reinsurance brokerage group Howden has appointed José Ignacio Lathrop as executive chairman of Howden Latin America (LatAm). In his new role, Lathrop will leverage his deep market expertise to guide and support Howden’s operations in Latin America, working closely with International Growth Markets Chief Executive Officer (CEO) Sonia Caamaño to drive growth…
Arch Insurance International, part of Arch Capital Group and a multi-disciplinary specialist insurance solutions provider, has launched event cancellation cyber insurance. This new coverage is a cyber extension of the event cancellation policy and protects against events being canceled, abandoned, curtailed, interrupted, postponed or rescheduled due to unauthorized, malicious or criminal cyber conduct or computer…
Athene Holding Ltd., a life and retirement reinsurer largely owned by investor and private equity specialist Apollo Global Management Inc., has appointed Scott Campion as head of new markets. In his new role, Campion will focus on expanding Athene’s capabilities into new and adjacent areas. “There is a significant and growing unmet customer need for…
Global asset manager Allspring Global Investments has announced the appointment of Andrew Epsom as head of international insurance, based in London. In this newly created role, Epsom will lead Allspring’s international (ex-U.S.) insurance strategy, aiming to expand the company’s presence in the global insurance market. The executive will also be responsible for driving strategic engagements…
The Pensions Insurance Company (PIC), a specialist insurer of defined benefit pension schemes, has completed a £6.6 million buy-in of Primula limited pension scheme, providing benefits to all 74 scheme members. Known as one of the world’s first cheese spreads, Primrose recently celebrated its 100th anniversary. The brand is now part of the Kavli Group,…
Willis, the insurance brokerage company owned by WTW, has launched a specialized, forward-looking risk management model designed to deal with the increasingly complex data center environment. The unveiling comes as the industry moves away from viewing data centers as stand-alone assets and begins to view them as “critical, interconnected digital infrastructure that underpins global technology…
AXA XL, AXA’s Property & Casualty (P&C) and specialty risks division, announced the appointment of Jason C. Billingslea as Head of Energy, E&S, headquartered in Dallas, Texas. Billingslea brings extensive experience from E&S Energy and will lead the development and growth of the energy division team. In this new role, he will focus on portfolio…
Rokstone Agriculture, part of international specialty re/insurance MGA Rokstone, has launched a new US non-accredited commercial agriculture and farm and ranch property program supported by $25 million of non-accredited Class A capacity. The new product, which is reportedly available in all U.S. states except Alaska and Hawaii and excludes wind energy in some coastal areas,…