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The Insurance Regulatory and Development Authority of India (IRDAI) has issued registration certificates to new reinsurer Allianz Jio Reinsurance Limited and new general insurance company Kiwi General Insurance Limited. The approval was passed at the 134th meeting of the Authority on March 9, 2026, enabling the two companies to conduct business in accordance with the…
EDME Insurance Brokers, one of India’s largest insurance and reinsurance brokerages, has appointed Vinod Krishnan as global chief executive officer (CEO) of Treaty Reinsurance. In his new role, Krishnan will lead and expand the broker’s global treaty platform in Mumbai. Krishnan has 36 years of industry experience, 18 of which were with Aon Benfield, where…
Specialty Program Group (SPG), a specialty insurance distribution, underwriting and advisory business operator, announced the acquisition of Proper Insurance, a provider of insurance for short-term rental properties. Founded in 2014 and headquartered in Bozeman, Montana, Proper Insurance provides business insurance solutions as an alternative to standard homeowners or landlord policies. This specialized coverage is designed…
Global specialist broker Price Forbes has appointed Raimundo del Río as its new Chief Executive Officer (CEO) in Chile. In his new role, he will lead the Chilean operations alongside the existing local team, building on the strong foundation already in place. del Río is an industry veteran with more than 17 years of senior…
In a recent Digital Infrastructure News webinar hosted by global insurance broker and risk advisor Marsh, speakers discussed how the scale, concentration and complexity of modern data center projects are reshaping risk for insurers and reinsurers, while also creating significant opportunities for capital deployment. The discussion features Jeremy Goodman, chief client and growth officer for…
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has further expanded its Australian operations with the appointment of Will Cripps as Business Development Associate. Cripps joins the Sydney team, bringing expertise in the agricultural sector. In the past, he gained experience deploying IoT sensors in large-scale horticulture operations as…
Heritage Insurance Holdings reported a significant improvement in full-year profitability in 2025, with net profit more than tripling on strong underwriting results. The Florida-based property and casualty insurance company reported full-year net income of $195.6 million in 2025, a significant increase of 217.8% from $61.5 million in 2024, while total revenue for the year increased…
Markel Insurance, the insurance business of Markel Group Inc., has appointed Ravi Jain as head of business development and distribution, India, based in Mumbai, effective immediately. The appointment is in line with Markle’s wider commitment to investing in India and building strong local partnerships through market expertise. In his new role, Jain will report to…
The Pensions Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has announced the appointment of Michael Eakins as its chief executive officer (CEO), subject to regulatory approval. Dom Veney will continue to serve as interim CEO and lead the company until Mike takes over. Eakins will join Athora upon completion of its…
Global professional services firm Aon has completed what it calls the “first known” stablecoin insurance premium payment among a prime broker, following a successful proof-of-concept using a U.S. dollar-backed stablecoin. The initiative, led by Aon’s Digital Assets business, leverages the firm’s deep expertise in digital asset risk advisory, applying its insurance and risk management solutions…