Latest Smartphones, Gadgets and Startups News
Global insurer Allianz has secured multi-year AA-rated capacity through a partnership with Oaktree Capital Management LP, which will see the investment manager establish a new reinsurance group in the specialist Lloyd’s insurance and reinsurance market. Syndicate 1890 will commence underwriting on January 1, 2026 and will participate as a multi-year partner in Allianz’s outward reinsurance…
Independent specialist re/insurance broker Miller has appointed Andreas Ehrencrona as interim head of its reinsurance business AHJ Miller Nordics. In his new role, Ehrencrona will be responsible for developing and growing the Fac business proposition for new and existing customers in the region. Prior to joining AHJ Miller, he served as Senior Vice President and…
The International Association of Insurance Supervisors (IAIS), a global body representing insurance regulators in more than 200 jurisdictions, has issued its Global Insurance Market Report 2025 (GIMAR), Outline the key developments affecting the industry. The report shows that the industry continues to demonstrate strong capital strength, stable liquidity and healthy profitability, while overall systemic risks…
Evercore ISI expects more insurers will introduce policy language that specifically excludes claims caused by generated artificial intelligence (GenAI) to prevent silent coverage. In a recent report, Evercore ISI noted that the growing use of GenAI and large language models (LLMs) is having an impact on insurance coverage, as users and others increasingly seek compensation…
Cyber ​​risk company Resilience has announced the appointment of Erik Wrobel as chief product officer, responsible for product management, user experience design and engineering. Wrobel has a strong background in product and technology leadership and a proven track record of guiding high-growth software companies through periods of transformation and scaling. “Throughout my career, I have…
Property Guardian, a wildfire risk analytics and mitigation intelligence provider and part of Green Shield Holdings, has partnered with wildfire prevention platform BurnBot to deliver data-driven wildfire mitigation and property risk resilience. This partnership combines leading risk intelligence with precision mitigation technology. The goal is to assist property owners, insurance companies and community stakeholders in…
Recently, state Insurance Commissioner Mike Yaworsky spoke at the 2025 Florida Chamber of Commerce Insurance Summit, emphasizing the importance of tort reform and the positive impact on Florida’s insurance market, but warning against backsliding. Florida enacted major insurance reforms in 2022 and 2023 to stabilize the troubled market by curbing litigation and attracting greater interest…
Majesco, a technology provider known for its cloud-native and AI-native solutions for P&C and life and annuity/health insurers, has strengthened its dedication to the P&C space with plans to expand investments and accelerate its product roadmap. The company detailed new initiatives to build a next-generation AI-powered SaaS cloud platform tailored for property and casualty insurance…
Credit ratings agency AM Best has revised the outlook for Ategrity Specialty Insurance Company (ASIC) and its subsidiary Ategrity Specialty Insurance Limited (ASIL) to positive from stable, reflecting its “very strong” balance sheet backed by risk-adjusted capital. Additionally, AM Best affirmed both companies’ financial strength ratings of A- (Excellent) and long-term issuer credit ratings (Long-Term…
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Company (MSI) has acquired beneficial ownership of at least 12.5% ​​of WR Berkley Corporation’s common stock. The move follows MSI’s agreement with the Berkeley family, which includes a company and trust owned by members of the family. No shares of MSI were purchased from the Berkeley…