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Stephen Rudman, head of Asia maritime and regional aviation at Aon, said the situation in the Middle East highlighted the growing interdependence between geopolitical risk, operational resilience and insurance within the aviation industry. In a statement discussing the impact of tensions in the Middle East, Ruderman noted that the situation is creating a complex risk…
AXA XL, AXA’s property, casualty and professional risks division, has announced the appointment of Poonam Jivram as head of UK and Lloyd’s motor underwriting. Based in London, Jivram is responsible for developing and executing strategic underwriting direction for Lloyds UK’s Fleet Insurance business, driving profitable growth and strengthening relationships with brokers and clients. She will…
The latest report from Hymans Robertson shows that while block annuity transaction volumes fell by more than 20% year-on-year in 2025, buy transaction volume worth less than £100 million increased by more than 30%. The pensions and financial services consultancy revealed that buying volume in 2025 totaled £38.2 billion, down more than 20% from £47.8…
The board of directors of Mapfre Re, the global reinsurance arm of Mapfre Group, has approved the appointment of Fernando Utrilla Agüero as chief financial officer (CFO), succeeding Daniel Quermia. Agüero’s appointment is part of the succession process as Quermia retires after nearly 40 years with Mapfre Re. Agüero joined Mapfre Re in May 1994…
Pine Walk, the specialist MGA platform of Fidelis Partnership (TFP), has announced the launch of a new capital solutions business called Mezura Capital Partners, which will be headquartered in Bermuda. Mezura Capital, led by Shireen Gammoh as CEO, was established to provide strategic capital solutions and build partnerships with insurance and reinsurance companies. Its products…
Renew Risk, a specialist provider of risk analysis for renewable energy assets, has announced the release of the UK and Ireland Storm Model (UKWS) and the European Storm Model (EUWS), marking the first catastrophe models specifically designed for offshore wind farms in these regions. The company positions these tools as a significant advance for insurers,…
Global reinsurer Hannover Re has announced the appointment of Kris Boundy as general manager of reinsurance business at Hannover Life Reinsurance Australia (HLR Aus). In his new role, Bondi will oversee the reinsurance business, including client relationships, product and pricing within the group, retail, longevity and structured solutions. She has nearly two decades of actuarial,…
Willis, a WTW company, announced the launch of Digital Infrastructure Protector, a new end-to-end lifecycle solution designed for data center owners and operators. This new offering combines comprehensive policy coverage during the construction and operations phases with enhanced, customized risk management to help data center owners, operators, contractors and hyperscalers increase operational and financial resiliency…
Zurich-based catastrophe insurance data provider PERILS has revealed its second industry loss estimate for extratropical storm Goretti (also known as Elli), putting insurance market losses at €479 million. The loss estimate covers the Property and Automotive business and is based on loss data collected from affected insurers, compared with the preliminary loss estimate of €467…
RLI Corp., a U.S. specialty insurance company focused on the property, casualty and surety markets, announced significant leadership changes within its claims organization, effective April 1, 2026. Cory Figiel has been named chief claims officer, responsible for guiding strategy and overseeing operations across all claims functions. She succeeds Bob Handzel, who retires on March 31,…