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Canada Life UK has completed a £330 million plan-wide buy-in deal with Comet Pension Plan, ensuring future benefits for 4,500 pension plan members. According to Canada Life UK, the sponsoring employer of the Comet Pension Plan is part of Fnac Darty, Europe’s top omni-channel retailer of electronics, appliances, culture and leisure products. The scheme was…

Ortec Finance, known for its technology and risk management expertise in finance, has released new findings highlighting how quickly climate pressures are reshaping the insurance industry’s financial outlook. The firm’s research concludes that insurers need to make a fundamental shift in their investment strategies if they intend to protect their portfolios and maintain operational stability…

Generali Switzerland, part of the global Generali Group, a Swiss insurance and financial services provider, is restructuring its insurance division by separating its life and non-life insurance businesses as of July 1, 2025. Ralph Schmid will continue in his role as chief insurance officer, life insurance, and will completely refocus on the life business after…

Aegon used Capital Markets Day 2025 to lay out plans to become the leading life insurance and retirement group in the United States and move its headquarters and legal location to the United States, with the goal of completing the transition by January 1, 2028. Upon completion of the relocation process, the holding company Aegon…

JP Morgan, a financial institution that analyzes the insurance industry, described the upcoming phase in Europe’s property and casualty landscape as one dominated by softening property catastrophe reinsurance rates and a broader loss of pricing attractiveness across key lines. Strong rate success in recent years has now given way to a period when pricing is…

Lloyds Banking Group Pension Trust Ltd has entered into three new longevity insurance and reinsurance deals to protect a further £4.8bn of pension liabilities against the risk of unexpected increases in members’ life expectancy. The new arrangements cover pensioner liabilities across the three main schemes. The £3.1 billion deal for Lloyds Bank Pension Scheme No….

Global brokerage firm Brokerslink has expanded its presence in Africa with the addition of agency brokers, its first foray into Mauritius. This new affiliation aims to strengthen Brokerslink’s presence in the region, making Mauritius the 42nd African country in its wider international network. Established in 2016, Proxy Brokers is fully Mauritian owned and supported by…

Global MGA incubator Mission has announced that it has reached an agreement to support the new team in launching UK managing general agent (MGA) Kovrilo, which is expected to go live in early 2026. Kovrilo is a flexible, technology-driven underwriting platform that will provide small and medium enterprise (SME) customers with a range of tailor-made…

Commercial property and casualty insurer Zurich North America has announced the appointment of Jim Villa as global head of accident and health (A&H). Villa has nearly 35 years of industry experience and joins Zurich from Arch Insurance Group, where he served as senior vice president of A&H strategy and distribution. Prior to that, he served…

Nearly two-thirds (66%) of organizations globally plan to increase cybersecurity investments in the coming year amid today’s evolving threat landscape, according to new research from Marsh, an insurance broker, risk advisor and business unit of Marsh McLennan. Marsh’s recent report, “Cyber ​​Catalyst Report: Guiding Priorities for Cyber ​​Investments,” draws insights from more than 2,200 cyber…