Latest Smartphones, Gadgets and Startups News
Tony Gallagher, Asia Pacific CEO of Guy Carpenter, the global reinsurance brokerage of Marsh Group, detailed the central role of reinsurance, retrocession and terrorism pools in supporting market capacity in a rapidly changing threat landscape. Speaking at the Global Forum of Terrorism Risk Pools and Their Stakeholders, Gallagher centered his remarks around the idea that…
CRC Group, an independent wholesale specialty insurance distributor, has announced enhancements to its exclusive Insurisk platform, designed to meet the growing insurance needs of the global data center industry. The company said the platform’s underwriting capabilities have been enhanced in response to growing investment, larger developments and increasing operational complexity across the industry. As demand…
Jefferies analysts said Tesla Insurance’s Full Self-Driving (FSD) pricing, which could offer better rates based on a car’s performance in FSD through its safety score, poses a potential competitive risk to Lemonade’s auto insurance ambitions as the model size expands. Recent filings show that Tesla has eliminated the FSD standalone discount offered through its own…
Marsh, a global firm specializing in risk, insurance and advisory services, reports that the transaction risk insurance market has undergone significant changes in 2025, with pricing rising after several years of decline. Marsh said primary representations and warranties (R&W) insurance rates increased in most regions this year, reversing a three-year trend of declining premiums. The…
MGT, a vertical AI-native new insurance company, announced the appointment of Garrett Koehn as senior advisor. In his new role, Cohen will focus on driving strategic distribution expansion and high ROI AI use cases across the U.S. insurance market. He began his career at Marsh in 1994 and has more than three decades of experience…
MS Amlin Syndicate 2001 reported strong full-year 2025 results (on a UK GAAP basis), with underwriting profit rising 50.2% to $350 million from $233 million in 2024, reflecting continued improvements in underwriting and risk selection. Gross written premiums increased 9.6%, from $2.62 billion to $2.88 billion, while net written premiums increased 18.5%, from $2.02 billion…
Trident Marine Managers, the managing general underwriter of Ryan Specialty Underwriting Managers (RSUM), has appointed Karolina Krol as its chief operating officer (COO), effective immediately. In her new role, Krol will oversee Trident’s day-to-day operations, operational strategy and cross-functional coordination to ensure the company’s execution remains disciplined, efficient and closely aligned with our long-term vision….
On the back of strong performance in 2025, Fitch expects Europe’s top four reinsurers to maintain balance sheet resilience through 2026, driven by strong capital generation and strengthening reserves, despite a “deteriorating” outlook for the global reinsurance industry and changing macroeconomic conditions. This review follows strong performance from Munich Re, Swiss Re, Hannover Re and…
Sompo APAC, a subsidiary of Sompo International Holdings Limited, announced the appointment of Alice Sun as senior casualty underwriter for Sompo Hong Kong Limited in Hong Kong, Macau and Taiwan. In her new role, Sun will play a key role in executing the company’s commercial distribution strategy, ensuring efficient and profitable delivery of casualty products…
A new report from Gallagher Re indicates that the severe convective storm (SCS) that broke out on March 15-16 is expected to be the second SCS event in the United States this year to cause more than $1 billion in industry losses within a week, following the impact of hail and tornadoes in the March…