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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…
Global reinsurance brokerage and advisory firm Gallagher Re has appointed Michael Stankard as UK Casualty Facultative broker. Stankard has over 16 years of experience in the financial and specialty re/insurance sectors. He began his career as an Assistant Professional Indemnity Underwriter at Towergate Underwriting Financial Risks before joining HCC International, a specialist insurance company with…
Fears that artificial intelligence (AI) will fundamentally disrupt the insurance brokerage industry may be exaggerated, according to a new analyst note from US investment bank and research firm TD Cowen, which says the technology is more likely to augment brokers’ capabilities rather than eliminate their roles. This analysis, led by analysts including Andrew Kligerman, Daniel…
Generali Group has reached an agreement to sell its property and casualty insurance business in Ireland and Northern Ireland, which is carried out through Generali Spain Ireland and UK (Northern Ireland) branches under the RedClick brand, to Zurich Insurance Europe AG and Zurich Insurance Company Ltd, UK Branch, part of Zurich Insurance Group, for €337…
International insurance brokerage group Lokton has appointed Livy Dai as Lokton China’s new chief executive officer (CEO), who will be based in Shanghai and report to Lokton Greater China CEO Ye Zhiqiang. He brings nearly three decades of experience in risk management and insurance broking, along with strategic thinking, a client-centric focus and a collaborative…
The Association of Bermuda Insurers and Reinsurers (ABIR), the trade association representing international insurers and reinsurers in Bermuda, and the Irish Insurance Authority, the representative body for the Irish insurance industry, are urging EU policymakers to make regulatory changes to the EU securitization framework. The groups said such changes would allow proven and well-regulated insurers…
AXA XL has appointed Sebastian Weaver as head of energy, UK and Lloyd’s, where he will lead the development and execution of the business’s underwriting strategy to drive profitable growth, strengthen risk management and expand market share. Weaver joins AXA XL from QBE where he served as director of underwriting oversight for QBE Portfolio Solutions….
Santam Limited, South Africa’s largest general insurer, reported improved underwriting profitability in 2025, with a combined ratio of 88.7%, while its Santam Re and Specialist Solutions businesses also performed well, with its non-South African gross written premium (GWP) increasing by 11% to R6.8 billion. In 2024, GWP for the entire group increased from R41.31 billion…
Lockton Re, the reinsurance business of global brokerage group Lockton, has partnered with global digital transformation consultancy Synechron (formerly Cloobees) to launch Salesforce’s agent platform Agentforce 360 Platform. The launch comes as the broker embraces artificial intelligence, specifically agent AI, as a core part of its current strategy. Synechron has deep expertise in Salesforce and…
The U.S. International Development Finance Corporation (DFC) and the U.S. Treasury Department unveiled a plan to deploy maritime reinsurance, including war risk, in the Gulf region, which has been approved by President Trump. The new agreement was announced by DFC Chief Executive Officer (CEO) Ben Black and US Treasury Secretary Scott Bessent. The program is…