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Global reinsurer Munich Re has announced the promotion of James Sanzone to Vice President and Head of Ocean Freight, Munich Re North America (MRS-NA). In his new role, Sanzone will continue to lead the development of MRS-NA’s ocean freight products and the expansion strategy for the team’s proven ocean freight product line capabilities. The executive…
Eirion Risk Underwriters has announced the launch of its Construction Professional Liability (CPL) scheme, designed to provide professional risk coverage for contractors and construction project stakeholders. The program offers a range of coverage including annual Contractor Professional and Pollution Liability (CPPL), project-specific CPPL and Owner Protective Professional Indemnity (OPPI). The program, which has an A+…
Applied Systems, a global provider of cloud software for the insurance industry, has announced that Graham Blackwell has been appointed as its next CEO as part of a planned leadership transition over the next two quarters. Current Applied Systems CEO Taylor Rhodes, who has led the company for the past seven years, will continue in…
Liberty Specialty Markets, part of Liberty Mutual Insurance Group, has strengthened its underwriting expertise in the financial and professional lines (FinPro) division with four new appointments, strengthening its presence in the London and UK regional markets. The promotions are effective immediately and all promotions will be reported to Emma Pearce, Head of FinPro. Industry veteran…
Marine liability insurance provider London P&I Club is advising shipowners and brokers to place more emphasis on war risks cover, rather than focusing primarily on price, as claims increasingly arise from events outside traditional high-risk areas. Ben McKeith, senior underwriter at the London P&I Club, said many shipowners did not adequately integrate long-term war risk…
ZestyAI, a provider of artificial intelligence-driven insurance risk analytics, announced that Scott Stephenson, former chairman, president and CEO of Verisk Analytics, has joined its board of directors. StephenZestyAI emphasized that as the insurance industry accelerates into the era of artificial intelligence, enson, who is considered one of the main architects of data modernization in the…
AXA XL, a global insurance and reinsurance company part of the AXA Group, published the report Future Energy Finance: How Captives Can Drive Renewable Energy Growth, The report considers how the transition to low-carbon energy systems will increase demand for adaptive risk financing approaches and highlights captive insurance arrangements as a key mechanism to support…
Major insurer Zurich has returned to the catastrophe bond market with the successful issuance of $150 million in catastrophe bonds covering named storms and earthquakes in the United States through the issuance of Turicum Re 2026-1. The Turicum Re Ltd. Series 2026-1 issuance is Zurich’s first Rule 144A natural catastrophe bond issuance since late 2012….
Insurer American International Group (AIG) has announced the appointment of new leadership as part of its continued expansion of its energy and construction capabilities in Europe, the Middle East and Africa. Alejandro Muñiz Velázquez has been appointed head of construction for Europe, the Middle East and Africa. He brings a wealth of industry experience and…
Tysers, an independent Lloyd’s insurance broker and part of Australia’s AUB Group, has announced that Paul Chapman will step down as chief executive of Tysers Live after returning from leave in early April. Chapman has been with Tysers for the past six years and has served as CEO of Tysers Live since August 2023. He…