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According to a release from ANI, the insurance and reinsurance business volume of India’s first operational greenfield smart city, Gujarat International Fintech City (GIFT City), has grown rapidly from US$102 million in 2020 to US$1.2 billion in 2025, mainly driven by the non-life insurance and reinsurance segment. This growth marks an increase of more than…
JA Kyosai (Zenkyoren) has established a reinsurance subsidiary, Zenkyoren Re Limited, in the Crown Dependency of Guernsey. The new Zenkyoren Re structure has begun operations and will be operated by Aon Insurance Managers on behalf of Zenkyoren. In a statement, Zenkyoren noted that risks, especially natural disaster risks, have become increasingly complex in recent years…
Tysers is an independent Lloyd’s insurance broker and part of Australia’s AUB Group. Announcing the appointment of Richard Jenkins as joint deputy general manager, Marine and Aviation. In his new role, Jenkins will work alongside his colleagues Craig Cox and Tom Walker (joint deputy general manager, maritime and aviation). Tasers noted that his appointment is…
In India’s April 1 renewals, Gallagher Re found widespread softening in risk-adjusted rates across most lines and treaties in the country’s real estate sector, with loss-free and well-performing projects achieving an average rate reduction of -10% to -15%. Reinsurance broker Gallagher Re’s latest First View report highlights India’s transition to a softer and capital-driven phase….
Arc Legal Group, part of ANV Group Holdings, a provider of legal expenses insurance and assistance products, has announced the appointment of Ashley Law as chief executive. Prior to this, Lee Taylor decided to resign from the position due to personal reasons. This decision will be effective on May 1, 2026, subject to regulatory approval….
According to Gallagher Re’s April 1st View Renewal Report, U.S. cyber reinsurance rates fell approximately 32% during the April 1 renewal period, driven by a surge in overcapacity, which, coupled with stable performance and lower non-proportional pricing, facilitated the development of customized solutions for cyber portfolios. While key rates for most U.S. network operators remain…
Aon’s Reinsurance Solutions, the reinsurance arm of global broker Aon, has appointed Jukgrid Treesuttamas as senior advisor for Thailand, effective April 1, 2026. Headquartered in Bangkok, Treesuttamas will focus on enhancing the company’s capabilities to help Thai customers make better decisions to protect and grow their businesses. He is an industry veteran with more than…
Markel, the insurance business unit of Markel Group Inc., announces the appointment of James Shankland as Head of U.S. Ocean Freight. In his new role, Shankland will lead the growth of Markel’s U.S. freight portfolio, overseeing underwriting strategy, portfolio management and broker engagements. He will be based in Vankel’s New York office, working closely with…
Liberty Mutual Insurance President and Chief Executive Officer Tim Sweeney announced the establishment of a new leadership structure within the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses to more closely align their strategies, effective immediately. The new structure is designed to better serve customers and partners while enabling Liberty Mutual to…
AXA UK & Ireland announces the appointment of Caroline Riddy as General Counsel, effective 7 April 2026. Riddy succeeds Emily Coupland, who left the company in December after 24 years with various AXA UK entities. Riddy has over twenty years of legal and company secretarial experience in the financial services sector. Most recently, she worked…