Latest Smartphones, Gadgets and Startups News
Catalina Re, a provider of capital management and risk transfer solutions to the global insurance industry, has appointed Peter Mason as group chief risk officer. Catalina Re’s former group chief risk officer Andrew Pryde has left to join SiriusPoint as group chief risk officer, effective September 2025. Mason joins Catalina Re from the Bermuda Monetary…
UK-registered insurance company Admiral Group has completed the sale of its US auto insurance business, including Elephant Insurance Company and Elephant Insurance Services (Elephant), to JC Flowers & Co., a global private investment firm focused on investing in the financial services industry. Admiral originally announced the deal in April 2025. The transaction was concluded for…
Ascot Group has appointed Ashleigh Edwards as group head of ceded reinsurance, where she will lead the company’s global ceded reinsurance strategy, covering its structure, placement approach and business lines. Edwards joins Ascot from RenaissanceRe for more than six years, most recently as senior vice president and global head of casualty reinsurance. She brings around…
Insurance and reinsurance brokerage group Howden has agreed to acquire Atlantic Global Risk LLC, an independently traded liability insurance brokerage based in New York, US. Since its founding in 2017, Atlantic Group has rapidly expanded to become a top five broker in the North American responsible trading market. With a team of over 110 experts,…
Corebridge Financial, Inc., an American multinational financial services company, has successfully completed the final portion of a variable annuity reinsurance transaction with Corporate Solutions Life Reinsurance Company, the insurance subsidiary of Venerable Holdings, Inc. The transaction includes the reinsurance of all individual retirement variable annuities issued by Corebridge subsidiary American Life Insurance Company of New…
Global multi-line insurer Zurich Insurance has appointed Paolo Mantero as its new group head of reinsurance, where he will transition from his most recent role as chief strategy officer (CSO). Mantello brings a wealth of strategic depth and financial acumen to the role, having held a number of leadership roles since joining Zurich, including global…
According to Aon’s January 2026 Reinsurance Market Dynamics Report, as of September 30, 2025, global reinsurer capital increased by more than 6% to US$760 billion from the end of 2024, with both traditional and alternative capital growing, mainly driven by retained earnings, unrealized gains, and new inflows from the sidecar and catastrophe bond markets. Last…
Travis MacMillian, president of the Americas at Xceedance, said that by 2026, insurance companies will move from experimenting with artificial intelligence to scaling it through human supervision, stronger governance and decision-making driven by real-time underwriting data. Xceedance says 2026 will represent a decisive shift towards actionable artificial intelligence, real-time risk intelligence and participatory insurance models…
The cyber market is benefiting from ample capacity for reinsurance renewals on January 1, 2026, at levels well above those seen just a few years ago, according to reinsurance broker Gallagher Re’s 1st View Renewals report. Ian Newman, global head of cyber, and Jennifer Braney, head of international cyber, said that while the underlying cyber…
Global property, casualty, specialty insurance and reinsurance provider Sompo has appointed Christian Silies as President of European Reinsurance. Silies has over twenty years of industry experience, with expertise spanning the professional, marine and energy sectors. He joined Sompo in March 2022 as global head of marine and energy, most recently as president of the Zurich…