Latest Smartphones, Gadgets and Startups News
MSIG USA, the U.S. insurance subsidiary of Mitsui Sumitomo Insurance Group, has appointed Pat Dougherty as head of guarantees, responsible for overseeing the strategic direction and expansion of the business, reporting to Dan Riordan, head of political risk and trade credit. Dougherty has nearly 20 years of experience in the guaranteed market spanning underwriting, distribution…
S&P Global Ratings, a global credit rating agency that assesses the creditworthiness of organizations and financial instruments, said the insurance industry continues to face rising losses from extreme weather but has demonstrated strong overall financial resilience under severe stress scenarios. Published on May 4, 2026 titled Chart shows how global insurance companies can cope with…
American International Group (AIG) has reportedly agreed to sell approximately 25 million shares of Corebridge Financial, Inc. common stock, effectively exiting its remaining stake for net proceeds of approximately $710 million. The sale, expected to close on May 7, comes after AIG confirmed in 2024 that it had met requirements to spin off Corebridge Financial…
Howden Re, the reinsurance arm of Howden Group, has released Cygenesis: The origins of the Internet market cyclea new report examines how different insurance and capital market cycles can be combined into a framework to understand cyber markets. The research explores the influencing factors shaping the current soft market and outlines the conditions that could…
Swiss Re has appointed Dean Galligan as head of trading for the Life & Health Re (L&H Re) business unit, effective August 1, 2026. Prior to joining Swiss Re, he served as Chief Capital Officer at Phoenix Group and was a member of the FTSE 100 Group Executive Committee. In a newly created role based…
SCOR expects market conditions to remain stable but competitive as mid-year reinsurance renewals approach, company CEO Thierry Léger said. He also emphasized that underwriting discipline remains critical to maintaining portfolio quality. Despite a more challenging pricing environment, SCOR continues to prioritize margin protection. During the April renewal period, which represents approximately 12% of the company’s…
AXA XL, the property, casualty and special risks unit of French insurer AXA, reported a 4% year-on-year increase in gross written premiums (GWP) and other revenue on a comparable basis to €21.5 billion in the first quarter of 2026, compared with €21 billion in the first quarter of 2025. These were driven by higher volumes,…
Greenlight Re disclosed that underwriting performance improved significantly in the first quarter of 2026, with the company still turning a profit and delivering higher net profit despite lower premium volumes. The Cayman Islands-based reinsurer reported net profit of $35.8 million in the first quarter of this year, up from $29.6 million in the first quarter…
Major insurance company Zurich Insurance Group has appointed Patrick McBride to the newly created position of head of international construction, effective immediately. This position is part of Zurich’s global professional construction and assurance team. He will relocate to London and report to Kelly Kinzer, global head of construction and surety. Since 2021, McBride has led…
Global reinsurer SCOR reported first-quarter 2026 net profit of €225 million, with contributions from all business units, prompting CEO Thierry Léger to reiterate confidence in the group’s ability to meet 2026 targets. In the first quarter of 2026, SCOR’s property and casualty insurance revenue reached 1.812 billion euros, an increase of 5.4% at constant exchange…