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KatRisk, a provider of catastrophe risk modeling software to the insurance and financial services industries, has acquired RED, a specialist provider of catastrophe models, including earthquake, flood, landslide and wind risk models. KatRisk said the acquisition accelerates the development of high-fidelity seismic models in the United States and enhances the multi-hazard catastrophe modeling portfolio for…
SIGNAL IDUNA Reinsurance Ltd (SI Re), a Swiss-based reinsurer, announced the appointment of Simon Parten as ILS Portfolio Manager, effective June 1, 2026. In his new role, Parten will further develop SI Re’s insurance-linked securities (ILS) portfolio, a key diversification vehicle within the company’s reinsurance business. He has extensive experience in portfolio allocation including catastrophe…
Reinsurer Topsail Re has confirmed the promotion of Michael Swartz to senior vice president of underwriting and appointed Jason Callaway to the company’s executive team as chief information officer and executive vice president. Michael Swartz has been with the organization for more than two and a half years, serving as senior vice president after making…
Federato, the AI ​​underwriting platform for the insurance industry, has announced the appointment of Tim Mossing as Chief Customer Officer (CCO) to help scale customer delivery and long-term results. As COO, Mohsin will lead the expansion of the company’s forward deployment and customer engineering teams. His arrival comes as Federato continues to rapidly expand its…
Specialty Program Group LLC (SPG), a specialty insurance platform, has launched SPG Life & Annuity, unifying its life insurance and annuity distribution businesses under one national platform. AgencyONE, Broker Services Marketing Group (BSMG) and Business Underwriters Associates (BUA) will now operate under the SPG Life & Annuity umbrella. The platform combines long-standing industry relationships, carrier…
Global insurance and reinsurance group Aon has announced the appointment of Winnie Loh as head of real estate and data centers for Southeast Asia, effective immediately. Loh, who is based in Singapore and has more than 20 years of experience in the insurance industry, will lead the strategic direction and client service delivery of Aon’s…
Financial research and analytics firm Autonomous reports that the reinsurance industry is facing a persistently soft market, while solid profitability continues to impact renewals. Reinsurers’ performance in the first month of the year was below expectations, with renewal results slightly weaker than expected, according to Autonomous. However, Autonomous noted that a moderately positive earnings season,…
Arch Insurance North America has expanded its premier cyber insurance solution, Arch CyPro, into Canada, effective April 1, 2026. The cyber insurance builds on Arch’s established hyper-layer cyber capabilities and will be offered in Canada through Arch Insurance Canada Ltd. Arch CyPro introduces major network coverage to the portfolio, expanding available solutions and reinforcing its…
Parametrix, a provider of digital business outage solutions, disclosed in a new white paper that although outages of critical cloud services will decline in 2025 after several years of continuous growth, the risk remains significant. According to the company’s 2025 Cloud Outage Risk Report, after peaking at 244.8 hours in 2024, the total duration of…
Alternative asset management specialist ICG has appointed Luke Schlafly as global head of insurance for its Client Solutions Group (CSG), reporting to global head of CSG Alan Isenberg. In his new role, Schlafly’s primary focus will be on strengthening ICG’s global insurance relationships and creating tailored solutions to meet the changing needs of the industry….