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Proposed changes to the way the Hong Kong Insurance Authority (HKIA) assesses capital requirements for non-life insurers, particularly natural disasters, man-made risks and offshore reinsurance business, could strengthen Hong Kong’s position as a global center for reinsurance and risk management, according to a new report from AM Best. The rating agency said Hong Kong’s direct…
Convex Group Limited, an international specialist insurance and reinsurance company, has announced that Stephen Catlin will resign as Chairman of the Board but will remain as a Director. Catlin, who has been awarded the honorary title of Founder and President for Life, will continue to provide strategic counsel to the Board of Directors and guide…
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has appointed Kevin Demmon to the newly created position of Property Division Director, effective March 19, 2026. In his new role, Demmon will be based in London and report to Henry Nelson, chief underwriting officer and active underwriter, UK and MENA. He is responsible…
Legal & General (L&G) has announced the appointment of Sarah Spooner to the newly created role of Chief Customer Officer (CCO) across its retail and institutional retirement businesses. This position combines client and customer service responsibilities from both business areas for the first time. This reflects L&G’s strategy to deliver a consistent, connected experience to…
Lloyds global re/insurer MS Amlin has signed a new binder agreement with French MGA WeSpecialty to provide contract frustration and credit risk insurance to the French export industry. MS Amlin said the partnership would further expand its distribution footprint while providing French insureds and brokers with targeted access to Lloyd’s support. Under the agreement, which…
DUAL UK, the underwriting arm of Howden Group Holdings, has launched a new Credit Risk Insurance (CRI) solution designed to help clients meet the challenges associated with cross-border trade and investment. As a specialist managing general agent in the insurance market, DUAL UK provides underwriting expertise across a range of products. Its latest CRI product…
Berkshire Hathaway Specialty Insurance (BHSI), a division of Berkshire Hathaway, announced the launch of two new first directors and officers (D&O) liability insurance policies in Switzerland. The new policy is designed separately for commercial and industrial organizations, financial institutions and investment management companies. These major D&O products underscore BHSI’s commitment to providing direct, adaptable insurance…
Readhunt, an independent insurance broker providing industry-specific expertise and tailored insurance to UK businesses, is registered as a broker with Lloyd’s of London. This certification expands the company’s ability to provide customized insurance solutions in multiple areas and marks an important step in its strategic development. Signing up gives Readhunt direct access to Lloyds Insurance…
Global insurance and reinsurance brokerage group Aon has announced the appointment of Julio Adolfo Cedillo MejÃa as Chief Executive Officer, Commercial Risk and Human Capital for Mexico, the Caribbean and Central America. The transition to the new position will be effective May 1, 2026. An Aon spokesman said: “Julio has 22 years of experience with…
The newly formed Niyam Group announced that it has received Syndicate 2047 approval and underwriting license from Lloyd’s of London and appointed Devesh Srivastava as chairman of the group. Founded in early 2026, Niyam is focused on building a reinsurance platform that connects global capital to opportunities in India and other high-growth markets, supporting the…