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Liberty in Asia Pacific, the regional arm of Liberty Mutual Insurance, which provides commercial, specialty and reinsurance solutions in Asia Pacific, has announced the appointment of Marcus Thomas as Chief Underwriting Officer, Asia Pacific, effective July 1, 2026, as the company prepares for a leadership transition following the upcoming retirement of Michael Abdallah. Liberty in…
To meet customer demand, specialist insurance provider CFC has launched a refreshed program to embed affirmative action artificial intelligence (AI) insurance into its portfolio. By implementing clear AI-related language across seven key policies, the rollout provides clients with certainty in dealing with AI-related risks, moving away from reliance on implicit or silent coverage. “Artificial intelligence…
International credit rating agency Fitch Ratings believes that Japan’s leading non-life insurance company has the ability to continue to achieve strong underwriting performance. The agency said strong earnings from overseas operations and improving domestic motor and property insurance market conditions are expected to support results, although profits from the sale of strategic stakes are likely…
A new report from flood forecasting company Previsico, based on insights from more than 70 UK organization leaders, finds that despite rising risk awareness, flood preparedness has plummeted. Only 8% of respondents said they or all their clients have a flood action plan covering all locations, down from 30% in 2025, although 72% expect to…
Global insurance brokerage, risk management and advisory firm Gallagher has announced the appointment of Gabriella Eriksen Wingren as Head of Nordic Transaction Solutions for its global multi-disciplinary Private Equity and M&A practice (PEMA), effective July 22, 2026. Based in Sweden, Eriksen will work closely with industry expert colleagues in the interdisciplinary PEMA practice and Gallagher’s…
Global Reinsurance Company Swiss Re announces launch of new group broker management practice, led by Matthias Meyenhofer serves as Group Brokerage Head. New Business is a dedicated unit designed to centrally manage the Swiss Re Group’s relationships with prime brokers and intermediaries. By aligning broker integration at group level and across its three core business…
An arbitral tribunal chaired by the Paris Center for Conciliation and Arbitration (CMAP) has issued a ruling in the lawsuit between SCOR and Covea, awarding the latter US$488.3 million in compensation for two transfer treaties signed on June 30, 2021. The corporate feud between the French insurance giants first began with a hostile takeover bid…
A new report from Howden Re, focusing on the Casualty and Financial lines update for July 1, 2026, suggests that there is a compelling case for earnings growth in the market for those willing to look beyond the noise and dig deeper into the data. “As real estate pricing softens and new capital continues to…
Insurance industry losses related to two major earthquakes in Venezuela this week are expected to account for only a fraction of the billions of dollars in economic losses expected to be caused by the disaster, according to a recent weekly Cat Report from brokerage Aon. Two strike-slip earthquakes with magnitudes 7.5 and 7.2 have recently…
Aon Reinsurance Solutions, a unit of brokerage group Aon, announced that Chin Fong Teh has been appointed chief of staff for Asia Pacific, based in Singapore and reporting to Aon Reinsurance Solutions Asia Pacific CEO Rupert Moore. The reinsurance broker noted that Founder has approximately two decades of experience in reinsurance operations, regional leadership and…