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WTW-owned Willis and CelestePro-owned parametric risk transfer provider Global Parametrics have revealed that payout for an “innovative” parametric policy has been allocated to coffee farmers in Vietnam’s central highlands who have suffered losses due to high rainfall in the 2025/26 coffee growing season. Willis explained that in late 2025, it provided Bao Minh Insurance Company…
Northern Re, a structured reinsurer specializing in high-frequency, low-severity property and casualty risk portfolios, has confirmed the appointment of Tarek Frahi as head of data science. Frahi joins Northern Re with a background in quantitative finance, asset management and reinsurance. In his new role, he will oversee the further development of the company’s data science…
Independent credit and political risk insurance broker BPL has launched BPL Re, a dedicated reinsurance division that will provide expertise and tailored solutions to carrier relationships in the credit, political risk and guarantee specialist areas. BPL Re will be led by Alistair McVeigh, who has over 25 years’ experience in credit, political risk, surety insurance…
Global insurance company Generali reported operating results for the first quarter of 2026 of 2.2 billion euros, an increase of 8.1% year-on-year, driven by strong performance in all business areas, especially life insurance, which increased by 9.9% to 1.1 billion euros, and property and casualty (P&C) which increased by 1.2% to 1.04 billion euros. In…
Munich Re has appointed Gavin Maistry as CEO of Life & Health (L&H) Asia Pacific, Middle East and Africa (APAC MEA), succeeding Daniel Cossette, who will retire in the second half of 2026 after 19 years with the company. Maistry currently serves as global chief actuary for Munich Reinsurance company L&H. Prior to that, he…
Dave Paulsson, co-founder of MS Transverse, a hybrid front-end carrier and a subsidiary of MS&AD Insurance Group Holdings, will transition from the role of chief executive officer (CEO) to chairman of the board of directors. He will be succeeded by current President John Fitzgerald, who will take over as CEO on July 15, 2026. Paulson…
RT Specialty, the wholesale brokerage arm of Ryan Specialty, announced the promotion of Will Jacob to president of RT Connector in Chicago. Jacob has been with Ryan Specialty for nearly ten years, most recently as Chief Underwriting Officer for RT Connector, and joined the Digital Platforms team in its early stages. Under his leadership, the…
Berkshire Hathaway Specialty Insurance, the commercial insurance arm of Berkshire Hathaway, has launched two new casualty insurance products in Switzerland. The products include cross-border and domestic policies and are designed for large corporates and mid- to upper-market commercial and industrial companies operating in the Swiss market, the company said. Policies are designed to provide flexible…
Zurich Singapore, the Singapore arm of Zurich Insurance Group, has announced two senior appointments in its Asia Pacific commercial insurance division as the company continues to expand its regional presence and capabilities. Giles Crowley has been appointed head of customer and distribution management (CDM) for Asia Pacific, while Kin Lee has been promoted to head…
Energetic Capital, the US-based specialist in credit insurance solutions for clean energy and infrastructure projects, has renewed its agreement with global reinsurer SCOR, expanding its long-term partnership supporting the company’s core credit insurance platform. The latest renewal marks the seventh consecutive extension of the arrangement between the two companies, which includes an increase in single-obligor…