Latest Smartphones, Gadgets and Startups News
Chirag Shah, global head of casualty insurance at Gallagher Re, said that despite competition on terms, the casualty reinsurance market capacity increased on April 1, 2026, supported by existing players and new entrants, and reinsurance renewals also increased. In reinsurance broker Gallagher Re’s latest Issue 1 report, Shah noted that the casualty market of 1.4…
Global reinsurance broker Howden Re has announced the appointment of industry veteran Henry To as chairman of its Hong Kong operations, a move aimed at accelerating the company’s growth in Greater China and the wider Asia Pacific (APAC) region. When he joined the company, Mr. To had more than four decades of reinsurance experience, including…
Credit ratings agency AM Best said the outlook for the insurance industry in the London market remains stable, with profitability expected to slow in 2026 as long as disaster experience remains within normal limits, but remains optimistic. AM Best said a combination of pricing dynamics, investment conditions and evolving global risks continued to shape the…
Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has welcomed Nick Pritchard to its Bermuda team. Pritchard has more than 20 years of industry experience in property reinsurance and retrocession underwriting and brokerage. Since arriving in Bermuda in 2009, he has developed long-term relationships with Bermuda’s clients and…
M&A deals worth $10 billion or more hit a record high in the first quarter of 2026, with 12 “mega-deals” completed, the highest number for any quarter since 2008, according to WTW. WTW’s Quarterly Deal Performance Monitor (QDPM) found that the higher proportion of deals exceeding $10 billion also drove the value of completed deals…
Coface, a provider of credit insurance and risk management solutions, announces the appointment of Carmen Chow as Commercial Head of Hong Kong, effective April 1, 2026. In her new role, Chow will be responsible for strengthening Coface’s commercial performance strategy and deepening client engagement in the Hong Kong market. She will report to Coface CEO…
Swiss Re has appointed Henock Teklu as its new group chief transformation officer and group chief of staff. Teklu joins the firm from BlackRock Investment Management in New York for more than eight years, most recently as a managing director. In his new role, he will lead and oversee Swiss Re’s entire corporate transformation agenda….
A recent report from the Geneva Institute warns that as cyber incidents become more frequent, complex and costly, many companies still have persistent gaps in cyber hygiene and risk management, highlighting the urgent need to strengthen resilience, with cyber insurance playing a key role. The Geneva association noted that rising geopolitical tensions and deeper digital…
Talanx AG, one of Europe’s major insurance and financial services groups, has secured new financing totaling €1 billion through a dual bond issuance to strengthen its capital structure and refinance upcoming debt maturities. The company said it has issued 500 million euros of senior unsecured bonds to numerous institutional investors in Germany and international markets….
A recent report from Allianz highlights that the frequency and intensity of severe convective storm (SCS) events has increased significantly, resulting in billions of dollars in insured losses globally, but these risks can be mitigated through a combination of traditional resilience measures and artificial intelligence (AI) solutions. Last year alone, these unpredictable events accounted for…