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Mercury Insurance, a California-based auto and home insurance provider, has made a strategic investment in BurnBot to advance wildfire mitigation efforts and support more affordable and accessible insurance coverage. BurnBot is a wildfire mitigation technology company that develops and operates data-driven robotic systems for hazardous fuel reduction and vegetation management. The company works with agencies,…
Global insurance broker and risk advisory firm Willis has announced a new scientific collaboration with researchers from Cornell University and the Atkinson Center for a Sustainable Future. The partnership proposed by Willis focuses on identifying new risks associated with relevant natural disasters. Supported by an initial one-year funding agreement, the research aims to give insurers…
AM Best has upgraded MS Amlin AG (Switzerland)’s Long Term Issuer Credit Rating (Long Term ICR) from “aa-” (Excellent) to “aa” (Excellent) and affirmed its Financial Strength Rating (FSR) at A+ (Excellent). The company is a subsidiary of Mitsui Sumitomo Insurance Company (MSI). MS Re has expanded in recent years and now holds a significant…
The board of directors of global insurance company American International Group (AIG) has elected Thomas (Tom) Stoddard as an independent director, effective June 1, 2026. Stoddard has more than 35 years of senior leadership experience in financial services including insurance, asset management and investment banking. He served as vice chairman of global investment banking at…
Global claims services provider McLaren is appointing two senior officials in Dubai to strengthen its leadership position in the Middle East. Mahesh Ganesan has been appointed Director of Middle East Operations to oversee regional operations with a focus on improving efficiency and delivering consistent, high-quality service to customers in the region. He has been with…
Global reinsurer Swiss Re has announced the appointment of Daniel Neo to the Board of Directors of Swiss Re Asia Pte. Ltd. (SRAL), effective June 1, 2026. Neo brings more than two decades of executive-level experience and deep regional expertise, having held senior leadership roles in markets including Indonesia, South Korea, Taiwan and Singapore. He…
Hiscox maintained its 2024 and 2025 forecasts for its flagship Lloyd’s Syndicate 33, while significantly improving its 2024 outlook for Syndicate 6104, according to its latest fiscal year forecasts. The Bermuda-based specialty insurer said its current estimate for Syndicate 33’s 2024 account capacity remains between 3.4% and 15.4%, with 2025 account capacity also remaining between…
Bermuda-based global reinsurer RenaissanceRe Holdings Ltd. (RenRe) Chief Financial Officer (CFO) Robert “Bob” Qutub and Chief Portfolio Officer Ross Curtis will retire on December 31, 2026. RenRe confirmed that Matthew Neuber, RenRe’s senior financial officer and corporate treasurer, will succeed Qutub as chief financial officer, effective January 1, 2027. He will continue to serve as…
Life reinsurer Pacific Life Re has announced the appointment of Febby Mulewa as Head of Underwriting and Claims, European Protection, where she will oversee initiatives designed to drive sustainable growth and operational excellence across the entire protection business line. Mulewa will work closely with Pacific Life Re’s global underwriting and claims teams to coordinate and…
MSIG Specialty Insurance America, Inc., the new excess and surplus (E&S) insurance company of MSIG USA, has received an A+ financial strength rating and issuer credit rating from S&P Global Ratings, with a stable outlook. The rating is an important milestone for MSIG USA and its continued development as a “leading data-driven specialty insurance company”…