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A new report from the International Underwriting Association (IUA) and Airmic is driving the insurance market towards outcomes-based policy structures to close the growing protection gap. The report is the result of a series of roundtables held with Airmic and IUA members, with KPMG serving as thought leadership partner. It believes traditional product line underwriting…
Global insurance brokerage, risk management and advisory firm Gallagher has appointed Alex Vullo and Mark Hubbard as Chief Executive Officers (CEOs) of Marine, Fine Art & Specie and Property & Special Risks respectively. Both appointments fall within the broker’s Professional division and will report to Gallagher Professional CEO Sarah Lyons. Vullo succeeds Jonathan Suckling, who…
Specialty insurance company RLI Corp. has announced the promotion of Kevin Brownell to vice president of claims. In his new role, Brownell will provide executive leadership and oversight of RLI’s casualty claims operations. He brings more than 25 years of insurance claims and legal experience to the position. Brownell joined RLI in 2018 as director…
Credit rating agency AM Best has affirmed the Financial Strength Rating (FSR) of Vantage Risk Ltd. (Bermuda) and its subsidiaries at A- (Excellent) and the Long-Term Issuer Credit Rating of A- (Excellent), effectively relieving the company from scrutiny and the far-reaching consequences of its recent acquisition by Howard Hughes Holdings (HHH). On June 4, 2026,…
David Kinzel, head of Aon Group’s U.S. practice for political risk, said that although the United States and Iran have reached an agreement to end the military conflict, uncertainty surrounding the terms of the agreement may hinder any material improvement in the industry’s risk appetite in the near term. On June 15, US President Donald…
Indian public sector reinsurer General Insurance Corporation of India (GIC Re) has appointed Hitesh Rameshchandra Joshi as Chairman and Managing Director (CMD) with effect from June 16, 2026, a position he held on an interim basis from October 1, 2025. The reinsurer notified the country’s Ministry of Finance that the appointment had been approved by…
MNK International, a specialist Lloyd’s of London insurance brokerage and part of the MNK Group, has appointed Robert Cooper as managing director of aquaculture, livestock and pedigree as the company continues to expand its global agricultural and specialty insurance portfolio. Based in London, Cooper joins MNK International where he was responsible for developing a diversified…
Global professional services firm Aon’s risk settlement team has a total transaction volume of £100bn across its three business areas, including bulk annuity business, longevity reinsurance business and transactions in which Aon provides due diligence advice to insurers. Martin Bird, senior partner and head of UK risk settlement at Aon, said the UK pension risk…
Indian public sector reinsurer General Insurance Corporation of India (GIC Re) has appointed Hitesh Rameshchandra Joshi as Chairman and Managing Director (CMD) with effect from June 16, 2026, a position he held on an interim basis from October 1, 2025. The reinsurer notified the country’s Ministry of Finance that the appointment had been approved by…
Specialty insurance distributor CRC Group has announced the appointment of experienced insurance and reinsurance professional Bethany Greenwood as chief executive officer (CEO) of its underwriting division. Greenwood has more than 25 years of leadership experience in specialty insurance, spanning brokerage, underwriting and execution management. She was most recently based in London and is currently relocating…