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Guy Carpenter, global risk and reinsurance expert and part of Marsh plc, has announced the establishment of a global Sidecar Center of Excellence (COE), led by Ed Hochberg. COE aims to provide clients with dedicated resources and holistic solutions to better manage their capital, volatility and growth. The company noted that this strategic move further…
AM Specialty Insurance Group has announced the appointment of Kevin Stephenson as chief financial officer (CFO) of AM Specialty Insurance Company (UK) and Viren Patel as chief risk officer (CRO). Stephenson is an FCA/ACA qualified accountant with over twenty years of financial leadership experience at Lloyds and the wider general insurance market, having developed deep…
Bermuda-based Mosaic Insurance has announced excess casualty insurance as its eighth global product line and appointed April Andruczyk as head of Bermuda excess casualty insurance to lead the new division. The agency, which begins underwriting immediately, will support large corporate and multinational clients facing rising liability costs, particularly in the North American market. In addition…
Munich Re Specialty – Global Markets Syndicate (Munich Re Syndicate GmbH), the managing agent of Syndicate 457, has announced the appointment of Stephanie Ogden to lead the organization, effective March 1, 2026. Ogden will succeed Thomas Artmann, who led the Syndicate until his retirement. In her new role, she will be responsible for driving Munich…
Cytora, a digital risk processing platform for the insurance industry, has partnered with Climatig, a provider of innovative solutions for calculating detailed physical climate risks. This integration embeds Climatig’s advanced climate analytics directly into the Cytora platform, giving insurers immediate access to science-backed intelligence for decision-making. This capability significantly improves comprehensive risk assessment and enables…
Polo Management Agency (PMA), part of the PoloWorks Group, has launched three new Lloyd’s syndicates: Atradius Syndicate 1864, Aurora Syndicate 1890 and OAK Enterprise Syndicate 1440, all of which will commence underwriting on 1 January 2026. PMA serves as the turnkey administrator for all three platforms, providing a full suite of administrator services for all…
In terms of 2024 net premiums written (NPW), U.S. health insurance companies continue to dominate the ranking of the world’s largest insurance companies, with UnitedHealth Group Inc. retaining the top spot with net premiums of $308.81 billion, a year-on-year increase of 6.2%. We rank the world’s largest insurance companies based on NPW and non-bank assets,…
Life and health reinsurer Pacific Life Re has appointed Jia Yi Tan as its new claims and global chief underwriting officer (CUO), based in Singapore. In her new role, Tan succeeds Andrew Doran, who has been promoted to CEO of UnderwriteMe, Pacific Life Re’s insurtech subsidiary. Her appointment underscores the reinsurer’s commitment to investing in…
Recent geopolitical developments in Venezuela have brought tail risks to the global insurance industry back into focus, particularly in specialty property and casualty (P&C) lines across marine, aviation and trade credit in the Caribbean, according to a new report from Morningstar DBRS. It has been widely reported that U.S. troops have captured President Nicolás Maduro…
The Lloyd’s Market Association (LMA), the body representing the interests of managing agents and Lloyd’s brokers, has appointed Matthew Bellamy as underwriting director, who will join the agency at the end of 2026. In his new role, Bellamy will report to LMA chief executive Sheila Cameron and lead LMA’s underwriting team. In addition, he will…