Hong Kong financial regulators introduce GenA.I. Sandbox++ to support innovation in financial services

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…

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LIRG strengthens global reinsurance capabilities with Mandarin Re agreement

Algorithmic Insurance Services, Inc. (LIRG), a provider of data-driven reinsurance solutions, has signed a delegated underwriting authorization agreement with Malaysian reinsurer Mandarin Re Ltd. The agreement grants the LIRG platform the authority to underwrite and bind policies and contracts up to $3 million each, consistent with agreed-upon underwriting guidelines. This covers mixed property risk, property…

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Data centres are insurable but size and scale pose challenges: Marsh execs

Marsh executives confirmed that data centers are an insurable asset class, however, their sheer size and scope poses challenges, noting that these multi-billion dollar facilities require careful risk engineering and close collaboration between project sponsors and re/insurers. Speaking at a recent Digital Infrastructure News webinar hosted by Marsh, Mike Matthews, head of global digital infrastructure…

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Gallagher Australia appoints JD Veldsman as Chief Commercial Officer

Gallagher Australia, the local arm of global insurance broking, risk management and advisory firm, has appointed Johannes-Daniel Veldsman as chief commercial officer, responsible for overseeing the company’s specialist divisions and commercial strategy. In this role, Veldsman will manage Gallagher Australia’s professional areas and support the continued development of the company’s professional capabilities. The company said…

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Global Indemnity sees improved investment income and higher GWP in 2025

Global Indemnity Group reported stronger underlying underwriting profitability and higher adjusted return on equity in 2025, although catastrophic losses from the California wildfires impacted overall reported earnings. The company reported total premiums written at $398.9 million in 2025, essentially stable compared with $389.8 million in 2024, while investment income edged up to $62.7 million from…

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Aon names Anne Corona as CEO of North America as Lori Goltermann becomes Vice Chair

Global insurance and reinsurance brokerage group Aon has appointed Anne Corona as chief executive officer (CEO) of North America, effective immediately, and Lori Goltermann has been promoted to vice chairman of Aon, effective March 31, 2026. Concurrently with this transition, Farheen Dam has been appointed CEO of Enterprise Clients and Chief Client Officer, effective immediately….

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