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Ryan Turner Specialty (RT Specialty), the wholesale brokerage arm of Ryan Specialty, has appointed Brendan Mulshine as its new chief executive officer (CEO), effective August 1, 2026. Mulshine currently serves as co-president of Ryan Specialty, a role he will continue to serve in addition to his new responsibilities. He will work closely with leadership to…
Just after 6 pm local time on Wednesday, the Venezuelan capital was hit by a foreshock measuring 7.2 on the Richter scale, followed 39 seconds later by a larger mainshock measuring M7.5. The United States Geological Survey (USGS) predicted a 44% chance of more than 10,000 deaths and a 45% chance of economic losses exceeding…
AXA XL, the property, casualty and professional risks division of AXA Group, has announced the appointment of Samantha Wotton as head of UK policyholder development, based in London. In her new role, Wotton will be responsible for creating, implementing and overseeing AXA XL’s commercial strategy and engagement framework for UK underwriter relationships, and identifying opportunities…
As cyberattacks increasingly target industrial systems, manufacturers in Asia Pacific face a growing protection gap from cyber-physical damage, according to a recent report from specialist insurer Tokio Marine Kiln (TMK). In 2024, the Asia-Pacific region will become the main target of global cyber incidents, accounting for approximately one-third of all global cases and growing by…
Global insurance and reinsurance broker WTW has announced the appointment of Lizzie Eason as Director and Actuarial Data Scientist for its North American Pricing, Products, Claims and Underwriting (PPCU) consulting team. In her new role, Eason will leverage her nine years of insurance experience to support PPCU clients and prospects by developing comprehensive consulting and…
Reliance Global Group, Inc., a U.S. insurtech company focused on acquiring and supporting independent insurance agencies through technology-based platforms, has announced a number of senior appointments to pursue initiatives involving artificial intelligence across its insurance operations and product development activities. The company has appointed Judah Korman as chief operating officer, Zack Wilder as chief technology…
Global data analytics provider MSCI Inc. has acquired First Street, a provider of physically-based climate risk data and analytics for all properties globally, to strengthen its global physical climate risk capabilities. Transaction consideration includes a $120 million cash payment at closing, which is subject to customary closing adjustments, with the potential for additional cash payments…
Corporate and specialty insurer HDI Global (HDI) has appointed Shadi Albert as Chief Executive Officer (CEO) of HDI Global US, effective July 13, 2026, in line with its new strategy Xcelerate29. HDI Global US CEO Jim Clark will resign effective immediately. To ensure a smooth leadership transition, effective immediately, Dr. York von Falkenhayn will serve…
Corporate and specialty insurer HDI Global (HDI) has appointed Shadi Albert as Chief Executive Officer (CEO) of HDI Global US, effective July 13, 2026, in line with its new strategy Xcelerate29. HDI Global US CEO Jim Clark will resign effective immediately. To ensure a smooth leadership transition, effective immediately, Dr. York von Falkenhayn will serve…
Allianz Commercial, the corporate insurance arm of Allianz Group, stressed that marine insurance companies are operating in an increasingly complex environment as global shipping, which accounts for about 90% of international trade volume, faces increasingly severe geopolitical and operational pressures. in its latest Safety and transportation reviewAllianz Business noted recent disruptions to major waterways, including…