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Property & Casualty Insurance Hong Kong, a unit of Property & Casualty Insurance International Holdings Limited, has appointed Ofelia Szeto as head of real estate and construction business and Jessica Lai as head of mid-sized corporate and SME business to strengthen its underwriting structure, effective January 1, 2026. These appointments are part of Sompo Hong…

Specialist reinsurance broker Willis Re has welcomed a number of marine and energy experts from Marsh McLennan’s reinsurance arm, Guy Carpenter. Freddie Vaughan has over 14 years’ experience in the specialty reinsurance market. He started his career in JLT Re’s Marine Energy and Terrorism team, where he worked for five years before joining Guy Carpenter’s…

Munich Re, one of the world’s leading reinsurance companies, predicts that its return on equity (ROE) will reach more than 18% by the end of 2030, with earnings per share growing at an average annual rate of more than 8%. The group strives to achieve IFRS net profit of 6.3 billion euros in 2026. Today,…

Swiss Re and Reinsurance IQ (RIQ) have signed a memorandum of understanding (MoU) to develop and expand innovative capability solutions, risk origination opportunities and artificial intelligence-powered capabilities across the UAE. Headquartered in Abu Dhabi Global Market (ADGM), RIQ was launched in June 2025 by global investment firm IHC in partnership with BlackRock and Lunate. The…

Acrisure has agreed to acquire Vave, a technology-first underwriting management general agency, from Canopius Group, an international specialty insurer and P&C/insurance company. Vave, which will continue to operate under its own brand, leverages data-driven precision underwriting to provide instant bindable quotes for U.S. catastrophe E&S property risks, with real-time binding and servicing via APIs. The…

Verisk, a global data analytics and technology provider to the global insurance industry, has expanded its strategic collaboration with KYND, a provider of cyber risk management services, to bring enhanced cyber risk intelligence to the insurance market. According to KYND’s research, 80% of the UK’s top 50 retailers face at least one critical cyber breach,…

Insurance intermediary group Howden has announced that Clive Strickland has joined the company to establish and lead its new dedicated space insurance business. An industry veteran with more than 25 years of experience in the field, Strickland brings deep market relationships and expertise to Howden with a proven track record of success in building and…

As the digital threat landscape becomes more volatile and disturbing, cyber insurance is expected to become mandatory for doing business, driven by pressure from large enterprise customers, according to market forecasts from Tom Pelham, global head of cyber and data, and Arran Roberts, partner at Kennedys. In a recent report, executives offered five predictions outlining…

The Abu Dhabi Investment Office (ADIO) and Prudential Financial Corporation (PFI) have signed a strategic cooperation agreement to expand Abu Dhabi’s reinsurance capabilities as well as long-term investments, retirement savings and income. PFI has joined Abu Dhabi’s FinTech, Insurance, Digital and Alternative Assets (FIDA) Cluster, a strategic initiative led by the Abu Dhabi Department of…

The International Finance Corporation (IFC), a member of the World Bank Group, will acquire approximately 20% of each of USG and Kniazha, two Ukrainian non-life insurance companies owned by the Vienna Insurance Group (VIG), through a capital increase, subject to regulatory approval. With IFC’s support, the companies are expected to expand their product portfolios and…