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The International Finance Corporation (IFC), a subsidiary of the World Bank, is arranging a guarantee line of up to US$50 million to cover ZEP-RE’s reinsurance credit risk. ZEP-RE is Africa’s leading reinsurer headquartered in Nairobi, Kenya. Founded in 1990, ZEP-RE provides “inclusive and innovative” re/insurance solutions across the continent to close protection gaps, manage risk…
Global insurance and reinsurance broking group Aon has announced the appointment of Uday Tank and Tom Langley-Poole as brokers in its Reinsurance Solutions Credit and Financial Risk team. Both Tank and Langley-Poole will report to Rupert Evans, international head of credit and financial risk reinsurance, and will work with clients and reinsurance markets globally. Based…
Private managed general underwriter (MGU) Fidelis Partnership (TFP) has announced a number of senior promotions, including four new heads of specialist business. The four new business leaders include Grahame Dawson, who has been promoted to head of D&F in London. He joined TFP in December 2022, most recently as senior property underwriter. Prior to that,…
Chubb, a major U.S. insurance company, announced the appointment of Seshadri Iyer as Chubb Group Executive Vice President of Operations, Technology and Digital Transformation, effective April 6, 2026. Iyer succeeds Julie Dillman, who will retire on April 2 after nearly a decade with the company, including serving in her current role since January 2022. In…
Chris Jones, chief executive of the International Underwriting Association (IUA), said members will continue to insure clients across multiple business sectors affected by current hostilities involving Iran, adding that the maritime war risk market is functioning as expected given the heightened threat to shipping. Even before the current hostilities began, Jones said Iran and the…
Commercial and specialty lines insurer HDI Global has announced the appointment of David Wilson to the newly created role of Global Claims Head of Energy & Power, effective March 1, 2026. Based in London, Wilson will work globally within HDI’s Energy & Power division. He will report to Roman Felten, Global Head of Claims. In…
The track record of private insurance-linked securities (ILS) fund strategies continues to attract more attention, and while private ILS and hybrid strategies are more challenging to raise, conditions for this part of the market continue to improve compared to pure cat bonds, industry experts at the Artemis ILS NYC 2026 conference said. The tenth meeting…
AXA XL, AXA’s property, casualty and specialty risks division, has announced the appointment of Leyla Delic as Chief Technology and Artificial Intelligence Officer. Based in London, Delic will report to Scott Gunter, CEO of AXA XL, and Matthieu Caillat, Group Chief Technology and Artificial Intelligence Officer and CEO of AXA Group Operations. She brings more…
Only one U.S. property and casualty (P&C) insurer was recorded as impaired in 2024, according to credit ratings agency AM Best, a significant decrease from the 13 impaired insurers reported a year earlier. AM Best outlines findings in its 2024 report U.S. Property and Casualty Insurance Impairment Update. According to AM Best, the only loss…
Pen Underwriting, a multi-category, multi-territory managing general agency (MGA), has officially launched in the UK mid-market professional indemnity (PI) sector to cater for the needs of firms with higher fee income or higher turnover. The new product is supported by MGA’s partnered panel of A-rated insurers, which complements the company’s existing SME PI risk expertise…