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Lloyds Market Association (LMA) has announced the appointment of Argenta CEO Nick Moore and Apollo chief commercial officer Vinay Mistry to its board of directors. The LMA is governed by a Board of Directors, which sets the association’s overall strategy, direction and priorities. The Board of Directors is composed of senior market practitioners and LMA…
AXA Digital Commercial Platform (AXA DCP), an AI-driven risk management system, has struck a deal with ICEYE, the manufacturer and operator of the world’s largest synthetic aperture radar (SAR) microsatellite constellation, allowing it to track floods, wildfires, hurricanes and other extreme weather events with what the company says is “unprecedented” accuracy. AXA DCP is AXA’s…
Global insurer Zurich is preparing to form a consortium in the specialist Lloyd’s insurance and reinsurance market as it awaits a response to its latest proposal to acquire London-based Beazley, its chief executive Mario Greco told the FT. On Monday, Zurich revealed it had submitted an improved proposal to acquire 100% of the specialist insurer…
Global reinsurance broker Howden Re has appointed Karen Nordblom as European chief operating officer (COO) of Stockholm-based Howden Re International. In her new role, Nordblom will lead the operational direction of the broker’s European platform and branch network. In addition, she will serve as commercial director for Howden Re’s European operations, ensuring strong regulatory and…
Pen Underwriting, a multi-category, multi-territory managing general agent (MGA), has appointed Darren Glover as senior development underwriter for Northern Ireland. Glover joins Pen’s Commercial Risk Management team, which serves brokers and clients across the UK, extending its network of dedicated underwriting expertise into Northern Ireland. In his new role, Glover will drive the expansion of…
Reinsurance brokerage and advisory firm Gallagher Re has released its 2025 full-year natural catastrophe and climate report, which reports that global natural catastrophe losses in 2025 are largely controllable for the reinsurance industry, with total insured losses estimated at $129 billion for the year, about 5% lower than the average recorded between 2015 and 2024….
Aon Central and Eastern Europe (Aon CEE) has announced the appointment of three senior leadership appointments to Aon Commercial Risk CZ, including Hana Pavelkova as CEO and a member of Aon CEE’s Board of Directors. In addition, Zuzana Petrelli has been appointed chief commercial officer and Kristyna Blechova has been appointed chief brokerage officer of…
Federally funded infrastructure projects continue to drive premium growth in the U.S. guaranteed market, with underwriting profits for this line of insurance expected to exceed $2 billion for the third consecutive year by 2024, according to a recent AM Best report. The ratings agency said federal funding projects tied to the Infrastructure Investment and Jobs…
Global reinsurance broker Gallagher Re has announced the appointment of Audrey Cimignani as reinsurance broker/contracts and regulatory specialist in the France-Bilux region. Ciminiani has more than a decade of experience in insurance law and risk management. She has expertise in structured life and non-life insurance products, parametric solutions and reinsurance contracts, and has extensive experience…
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, announced that insured losses from catastrophe events across Canada in 2025 will total $2.4 billion. According to the Institute for Catastrophe Loss Reduction (ICLR), uninsured losses reached another $1 billion, bringing total losses to society for the year to $3.4 billion. The…