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ReSource Pro, a strategic operating partner serving the insurance industry, has named Michael Costonis president of Insurance Business Services to lead the agency process management era for the insurance industry. He brings a wealth of experience to his new role, having spent decades consulting with insurance companies before serving as chief operating officer of CNA,…
The latest analysis from the Insurance Council of Australia (ICA) shows that extreme weather will cause insured losses to increase by 727% in 2025, reaching AU$4.8 billion, with the number of claims climbing to 294,000, of which Queensland alone will lose more than AU$4.1 billion. The ICA’s most recent extreme weather media report puts losses…
Africa Specialty Risks (ASR), the developing markets-focused reinsurance group, has announced the appointment of Mary Driscoll as regional head of Southern Africa. Based in Johannesburg, Driscoll will play a key role in strengthening and integrating ASR’s direct Lloyd’s syndicate business in South Africa, working closely with broker and head of Cedent Engagement Corinne Beadsmoore. She…
Lloyds global specialist reinsurer MS Amlin has launched a new sub-group, S1673, to target growth opportunities and provide brokers with greater flexibility and capabilities. MS Amlin, named after the year Mitsui & Co. was founded in Tokyo, explained that s1673 was “inextricably linked” to its 2001 Lloyd’s syndicate and was backed by the same capital….
Industry giant Swiss Re has appointed Anna Ziswiler as Head of Property & Casualty (P&C) Reinsurance for Southeast Asia, India, Hong Kong, Taiwan and South Korea, effective May 1, 2026. In his new role, Ziswiler will be based in Singapore and become a member of P&C Re’s management team, reporting to P&C Re CEO Urs…
Specialist insurance provider CFC has launched Lane Assist, a “world-first” pilot for specialist insurance agent underwriting that reportedly takes just seconds from email submission to quote recommendation. “By automating the data extraction and quote construction of low-complexity submissions, agency underwriting has the potential to significantly speed up the broker’s process from inquiry to quote, particularly…
A new report from Gallagher Re suggests that insured losses from a single event or a series of large events would need to be $115 billion to $125 billion above expected average annual catastrophe losses to have a significant impact on the pricing trajectory of the property reinsurance/insurance industry. The findings come from the global…
US-based managed general underwriter (MGU) platform DOXA has acquired Eaton Gate from European alternative credit specialist NorthWall Capital. Established in 2016, Eaton Gate is an independent, founder-led commercial MGU specializing in UK small and medium-sized enterprises (SME) commercial and mid/high net worth insurance. The company serves over 50,000 customers and is considered the UK’s largest…
AXA XL, AXA’s property and casualty and specialty risks division, has appointed Jiten Halai as global chief underwriting officer for its structural risk solutions business. In this role, Halai will guide the division’s global underwriting approach, enhancing AXA XL’s ability to deliver creative, non-traditional insurance solutions to corporate clients and captive insurance companies. He will…
Specialist insurance company Tokio Marine Kiln (TMK) has promoted Cameron Spencer and Jake Burgess to head of its fine arts and coins division. The promotion reflects TMK’s long-term commitment to this type of business and increases the insurer’s art and treasures risk ceiling from US$125 million to US$200 million. This joint leadership model provides brokers…