Latest Smartphones, Gadgets and Startups News
Global reinsurer Swiss Re has announced the appointment of Suzanne Revell to succeed Adam Watkins as Head of Marine and Energy at P&C Re, effective June 1, 2026. In his new role in London, Revell will be responsible for Swiss Re’s global marine and energy portfolio, including its strategic direction, underwriting priorities and market representation,…
Insurance distribution company Baldwin Group has partnered with Innovative Captive Strategies to launch Azimuth Re, Ltd., a new member captive insurance group tailored for its construction clients. Baldwin explained that Azimuth is designed for “forward-looking” construction companies that pay $250,000 or more per year in workers’ compensation, general liability and auto insurance premiums. The program…
Parametrix, a provider of cloud monitoring, modeling and insurance services, has issued its third and largest cloud outage catastrophe bond, Cumulus Re III, attracting more investors than its predecessor and providing sponsor Hannover Re with $35 million in retrocession protection in 2026-27. The parametric bond, which our sister publication Artemis first reported on March 9,…
Fuse, an AI-powered commercial insurance intelligence platform, has launched the contractor and construction verticals, which the company said extends its always-on data infrastructure to key construction-related insurance areas. Fuse describes its platform as providing continuously updated intelligence covering general liability, workers’ compensation, builder’s risk, surety, professional liability and contamination, using multiple real-time data streams to…
Global re/insurance brokerage Marsh Risk has announced that its Cyber ​​ECHO facility now provides clients with up to $200 million of insurance capacity, making it the largest cyber facility in the global insurance market. Launched in 2016, Cyber ​​ECHO is designed to mitigate customers’ most complex cyber and technology risks. The facility has become the…
The Australian Reinsurance Pool Corporation (ARPC) has reached a major milestone with total Cyclone Re Pool claims now exceeding A$1 billion since the program was launched. ARPC is a public financial corporation established under the Terrorism and Hurricane Insurance Act of 2003. The terrorism reinsurance pool began operations on July 1, 2003, and the hurricane…
Reinsurance broker Guy Carpenter reported that Indian insurance companies received the most favorable reinsurance terms in recent history during the April 1 renewal period, with risk-adjusted rates falling by as much as 30%. According to Guy Carpenter’s Reinsurance Renewal Report for April 1, 2026, this renewal season marks a marked softening of the market, driven…
Reinsurer General Re (Gen Re), a subsidiary of Berkshire Hathaway, announced the appointment of Daniel Osterrieder as head of North America country/multinational treaties. In this role, he will oversee strategic initiatives and operations across the region, contributing to the company’s ongoing focus on underwriting performance and client service. Osterrieder brings a wealth of leadership experience,…
Monica Ningen, CEO of Swiss Re U.S. Property & Casualty Reinsurance, warned that the increasingly volatile U.S. legal environment is undermining insurers’ fundamental ability to accurately price risk. Concerns about the abuse of the legal system and social inflation in the U.S. insurance market continue to rise. Commercial liability losses will reach US$143 billion in…
DUAL has expanded its global network and technology capabilities through a revised strategic partnership supported by Class A capacity partners led by Liberty, enabling higher primary risk limits, revenue of up to £1 billion and increased risk excess limits to £5 billion. The company explained that the expansion creates additional opportunities for the broker to…