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Research from Evident, a London-based provider of artificial intelligence intelligence and analytics for the insurance industry, shows that AI deployment in the global insurance industry has increased by 87% year-on-year. Evident reports that insurance companies are increasingly deploying generative artificial intelligence (GenAI) and agent technology in core operations. According to data from Evident, 28 new…
Jio Financial Services Limited has subscribed and been allotted 14,74,50,000 equity shares worth Rs 10 each in its joint venture Allianz Jio Reinsurance Limited, according to a filing with the National Stock Exchange of India Limited (NSE). With the latest investment, Jio Financial’s total investment in the previously announced joint venture now reaches Rs 150…
Specialist insurance provider Westfield Specialty International has strengthened its maritime business with the appointment of Abigail Piper as deputy class underwriter in its maritime liability department. Piper will be based in London and report directly to Simon Engelen, group underwriter of marine liability insurance. The appointment is the latest in a series of hires at…
Global insurance company QBE has announced the appointment of Melody Lyndon-Stanford as head of client engagement, effective June 2026. In this newly created role, Lyndon-Stanford will be based in London and report to Matt Lacy, Director of Client Proposals for QBE Europe. She will develop QBE’s customer engagement strategy across industries, geographies and customer segments,…
Antares Group, the UK- and Bermuda-based insurer of Qatar Insurance Group, has announced that premiums from its commercial arm, which includes Lloyd’s Syndicate 1274 and Antares Bermuda reinsurance business, will increase by 11.4% year-on-year in 2025 to $869 million. In 2024, Antares reorganized its business into three divisions, with its core business divided into commercial…
British insurer Aviva reported that full-year general insurance (GI) premiums will increase by 18% to £14.1 billion in fiscal 2025, compared with £12.2 billion in fiscal 2024, with the undiscounted combined ratio improving to 94.6%. 2025 is a strong year for Aviva. The company continues to achieve profitable growth momentum. Group operating profit increased by…
Mea Platform, an AI-powered insurance technology company, today announced the appointment of Julie McKenna as Vice President of Sales, North America. Following SEP’s $50 million growth equity investment, the move strengthens mea’s leadership team as the company scales its operations. McKenna has nearly 30 years of experience in property and casualty insurance, with expertise spanning…
Global specialty insurer Tokio Marine Kiln (TMK) has appointed Sarah Tidbury as portfolio solutions underwriter, effective immediately. She reports to Rob Jarvis, head of innovative underwriting. The appointment reflects TMK’s continued investment in innovative portfolio-based insurance solutions across categories, particularly those distributed through various channels including algorithmic platforms, broker facilities, syndicates and policyholders. In her…
Tropical cyclones Fitia and Rezanifer affected more than 500,000 people and caused widespread damage to infrastructure, livelihoods and basic services in many regions of Madagascar. US$29 million has been raised to support response and recovery efforts through a combination of pre-arranged parametric financing solutions driven by African Risk Capabilities (ARC) and its partner institutions. According…
Barbados-based reinsurer Active Capital Reinsurance, Ltd. (Active Re) has successfully completed its global retrocession program, purchasing more comprehensive coverage in terms of scope and geography. Retrocession programs are used as part of a capital protection strategy designed to maintain balance sheet strength throughout market cycles. The protection covers Active Re’s in-house underwriting with its selected…