Latest Smartphones, Gadgets and Startups News
Accelerating price softening in the real estate sector, modest easing of certain terms and conditions, ongoing challenges in the casualty sector, increased frequency and severity of natural disasters and continued macroeconomic uncertainty have led AM Best to revise its global reinsurance industry outlook to stable from positive. The global credit ratings agency first took a…
Global supply chains are increasingly exposed to climate-related disruptions, revealing protection gaps in reinsurance and highlighting the need for greater adaptation, improved data and coordinated public-private governance, according to a recent report from the Stockholm Environment Institute (SEI). Climate-related disruptions to international supply chains pose significant systemic risks. In Europe, for example, floods in Germany…
Munich Re Specialty, a provider of specialist insurance solutions and part of the Munich Re Group, has appointed Andrew Fowles as head of brokerage for its bound institutions business. Fowles has more than 25 years of experience in licensing and specialty underwriting, with a background spanning U.S. property and casualty, Lloyd’s and global excess and…
US insurance company Chubb has announced the appointment of Stefano Fasone as Director of its EMEA Underwriting Center in Madrid, Spain. Fasone’s role will be to work with regional leaders to enhance Chubb’s multi-line, multi-language underwriting capabilities, drive operational excellence and ensure the top service standards our partners and brokers have come to expect. Fasone…
Professional management general agency (MGA) Optio Group has acquired the remaining 75% of Italian MGA Heca Srl (Heca); financial details were not disclosed. The transaction gives Optio full ownership of Heca, further strengthening its position in the Italian MGA market. MGA’s initial investment in Heca was announced in October 2024, with the latest move marking…
WTW subsidiary Willis has confirmed the appointment of Alex Benson as Head of Construction and Natural Resources Claims, Asia, with the position commencing on 6 April 2026. Benson, who operates out of Singapore, will join the regional leadership team and report directly to Alex Rosati, head of claims for Asia at Willis. The appointment will…
Gryphon Holdings, an innovator in insurance and financial services solutions, has entered into a definitive agreement to acquire PrimeOne Insurance Company, a privately held specialty commercial insurance company, in an undisclosed transaction. PrimeOne is a specialty property and casualty insurance company focused on working with program managers and managing general agents in specific niche markets….
Global insurance and risk solutions company Howden has expanded its Hong Kong team with a number of strategic appointments, reflecting its focus on client service and long-term growth. Cyrus Cheung, ACII, joins as senior director of business development. Zhang brings extensive experience in enterprise risk consulting and will focus on expanding client relationships, identifying new…
Credit rating agency Moody’s Ratings expects the Indian insurance industry to benefit from continued premium growth over the medium term, supporting improved profitability. Moody’s believes this growth will be driven by strong economic expansion, rising household incomes, accelerated digitalisation, supportive tax measures and the government’s intention to reform the dominant state-owned insurance industry. While these…
In response to growing industry demands, Mosaic Insurance, a specialty insurer focused on cyber risk and financial institutions, has strengthened its North American and international transaction tax liability teams. The expansion includes the promotion of one specialist and the recent addition of four new tax risk professionals. Bill Monat, global head of transaction liability at…