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Digital business interruption solutions provider Parametrix has revealed that it has paid claims to customers affected by the Amazon Web Services (AWS) outage on October 20, 2025, allowing affected businesses to recover quickly. On Monday, October 20, the AWS platform experienced an outage that originated in its largest cloud region and was divided into two…

The 2025 Executive Opinion Survey, conducted by the World Economic Forum and released by its strategic partners Marsh Group and Zurich Insurance Group, shows that concerns about an economic recession continue to be a major concern for G20 business leaders. The annual survey, which gathers insights from more than 11,000 business leaders in 116 countries,…

Duck Creek Technologies, a provider of property and casualty (P&C) and general insurance software solutions, has appointed Rajesh Raheja as chief technology officer (CTO). In her new role, Raheja will lead the company’s global technology strategy, platform innovation and engineering organizations to advance its cloud-native solutions and AI-driven capabilities for global insurance companies. Raheja has…

Paul Murray, CEO of Swiss Re Life & Health Re, highlighted that mental health claims have increased significantly this year, noting that the reinsurer is managing this trend through its AI-driven Wysa app, which has shown significant improvements in users’ mental health. In an interview with CNBC’s flagship program Squawk Box Asia, Murray outlined the…

UK hybrid insurance company Bridgehaven has announced the completion of its acquisition of SureStone Insurance DAC, subject to receipt of all necessary regulatory approvals. The acquisition is an important step in Bridgehaven’s European growth strategy and the hybrid insurer expects the acquisition to be key to strengthening its growing network of MGA partners across the…

Life and health reinsurer Pacific Life Re has appointed Soichiro Makimoto as head of its Japan representative office. The move reinforces the reinsurer’s long-term commitment to the Japanese market. In his new role, Soichiro will strengthen Pacific Life Re’s operations in Japan and gain a deeper understanding of customer needs to support the company’s regional…

McGill and Partners, an independent global specialist insurance and reinsurance brokerage, has entered into a strategic partnership with AEGIS London, part of Lloyds Group, to provide clients with smarter, digital solutions. The collaboration aligns AEGIS London’s risk appetite across multiple business lines with McGill and Partners’ client portfolio. The platform will leverage advanced technology to…

Arrowhead Intermediaries has announced the appointment of Steven Beard as International Chief Executive Officer, who will join the company in February 2026 and will be based in London. Beard joins Charles Taylor from Group President. His brokerage career also includes senior roles at Ardonagh Group, Corant Group and RFIB, with experience in the wider sector…

Marsh McLennan Agency (MMA), a unit of global insurance and reinsurance brokerage Marsh McLennan, has acquired three privately held insurance brokerage companies in Honolulu, Hawaii, from Hawaii-based diversified investment firm Tradewind Group. These brokerage firms include Atlas Insurance Agency (Atlas), Pyramid Insurance Center (Pyramid) and IC International (IC), which together have established the state’s leading…

Venerable, a privately held company that owns and manages a traditional variable annuity business, has expanded Alexandra Findleton’s role at the company to include serving as director of Flow Reinsurance. The move is designed to allow the company to accelerate the growth of this new organizational capability and advance its overall growth strategy, which includes…