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Global reinsurer SCOR and multinational insurer AXA have joined forces to form a new Lloyd’s of London consortium aimed at closing critical financing gaps by reducing the risk of investment opportunities associated with ecological restoration projects. By providing specialized insurance, the consortium intends to free up the funds necessary to restore ecosystems that have been…
PwC’s 29th Global CEO Survey shows that only 46% of insurance CEOs are confident in their company’s revenue growth prospects over the next 12 months, down 18% from 56% in 2025. The company’s latest CEO Survey, based on responses from 4,454 CEOs in 95 countries and territories, is an effective way to gauge the sentiment…
London-based managing general agent (MGA) Phoenix Specialty has enhanced its underwriting capabilities by increasing available capacity, allowing greater flexibility in structuring risks. Individually, the business can now cover possible maximum losses of up to £50m for annual policies and single project risks within the UK. Meanwhile, MGA secured capacity support from Lloyds on a prior…
The Pensions Insurance Company (PIC), a specialist insurer of defined benefit pension schemes, has signed a £37.5 million subscription agreement with the iconic British footwear brand Dr. Martens Airwair Group Pension Plan, founded in Northamptonshire, covering 455 plan members. Paul Black of Pi Partnership, Chairman of the Board of Trustees of the Dr. Martens Airwair…
AM Specialty Insurance Group has appointed Joe Harding as UK corporate managing director of Pinpoint UK. Harding has around 15 years of underwriting experience in the commercial and professional sectors of the London market and joins Pinpoint UK from Aspen Insurance Group as an underwriter. Prior to joining Aspen, Harding spent more than seven years…
Global insurer and reinsurer MS Amlin has announced the appointment of Sarah Wilson as Head of Reinsurance. In her new role, Wilson will lead the strategic direction and day-to-day management of the outward reinsurance function. She will oversee the design and layout of MS Amlin’s reinsurance programmes, portfolio optimization and counterparty engagement across the group’s…
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…