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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…
Tracy-Lee Kus, chief executive of Aon Global Brokers, has been appointed chairman of the London and International Insurance Brokers Association (LIIBA), the representative body for insurance brokers in the London market. Kus, a 14-year veteran of Aon who has held a number of senior positions at the company, succeeds Howden’s Andy Bragoli, who will serve…
Achmea and Achmea Pension & Life Insurance (a joint venture between Achmea and Sixth Street established on October 1, 2025) announced the completion of two longevity reinsurance transactions executed by Achmea Pension & Life Insurance, which together cover approximately €8 billion of pension liabilities and approximately half of the company’s longevity risk exposure. The agreements…
Markel Insurance, the insurance business of Markel Group Inc., has appointed Kristen Dardia as head of U.S. and Bermuda portfolio analysis in New York. In her new role, Dardia will lead Markel’s advanced analytics, technology pricing and portfolio management capabilities across two geographies. The appointment is in line with the insurer’s long-term strategic plan to…
Achmea and Achmea Pension & Life Insurance (a joint venture between Achmea and Sixth Street established on October 1, 2025) announced the completion of two longevity reinsurance transactions executed by Achmea Pension & Life Insurance, which together cover approximately €8 billion of pension liabilities and approximately half of the company’s longevity risk exposure. The agreements…
HIVE Underwriters, an independent specialist managing general agent (MGA), has expanded its network of intelligence partners to enhance aviation safety risk management with the addition of global intelligence and safety risk consultancy Dragonfly Intelligence. Dragonfly Intelligence, part of Dow Jones Global Risk Insights, provides crisis management, security and risk professionals with geopolitical and security intelligence…
International law firm DAC Beachcroft has expanded its presence in the United States with the opening of a new Miami office and a new insurance team in Miami and Los Angeles. Partner Joel McNabney and counsel Audrey Goldman, experts in insurance and reinsurance who advise insurers and underwriters on complex, high-risk underwriting matters, have joined…
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA) and the Mandatory Provident Fund Schemes Authority (MPFA) have collaborated with Hong Kong Cyberport Management Company Limited (Cyberport) to launch the Generative Artificial Intelligence (GenA.I.) Sandbox++ program. The Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance…
Italy-based global insurance company Generali has appointed Sun Lei as deputy regional officer for Asia, effective March 9, 2026, based in Hong Kong. The appointment is in line with the insurer’s aim to capture the region’s long-term potential, drive sustainable growth and expand its presence in key markets across Asia by combining local expertise with…