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Insurance and reinsurance solutions provider Sompo has appointed Martyn Benson as chief operating officer of its UK business as the company continues to develop its platform and capitalize on the opportunities arising from Sompo’s integration with Aspen. Benson has extensive experience in financial services consulting, operational improvement and executive leadership, with 10 years focusing on…
DUAL North America, a provider of specialty insurance solutions, announced the appointment of Sarah Ruble to the newly created role of senior vice president of business strategy. Ruble will operate the business in the areas of strategy, distribution and underwriting, serving as senior commercial business partner. The executive will work with DUAL’s leadership team to…
Arrow Risk Management (Arrow), a dedicated MGA underwriting platform, has established a marine insurance business, which will be led by Wayne Krause as Head of Underwriting. The new business will focus on ocean cargo and logistics-related risks, offering a wider range of ocean freight services including inventory throughput, project cargo and delays in start-up (DSU)…
Global reinsurer SCOR and Japan Post Insurance Company have signed a memorandum of understanding (MoU) for the transfer of the latter’s postal life insurance policies and the establishment of a reinsurance vehicle designed to assume underwriting risks held by both companies. Post Life Insurance policies are reinsured by the Postal Savings Organization, Post Life Insurance…
US insurance brokerage ALKEME Insurance has announced the acquisition of Virtue Risk Partners, a Pearl River, New York-based managing general agent (MGA) specializing in specialty insurance solutions. MGA’s platform is designed to provide tailored insurance products, risk management support and claims expertise to contractors, consultants and engineers in all 50 states. ALKEME Insurance said the…
Independent insurance broker Lockton has appointed Alberto Ferriolo as regional growth head for Asia maritime and transport based in Singapore. In his new role, Ferriolo will lead portfolio and revenue growth in the region, working closely with the broker’s country leaders to develop cross-border opportunities and enhance cargo and commodity trading capabilities. He has over…
Miami-based general agent Nebula MGA has been officially appointed as a Lloyd’s underwriter. This important milestone underscores MGA’s continued expansion, operational capabilities, underwriting discipline and commitment to delivering innovative, specialized insurance solutions globally. Since its founding in 2021 by Raúl Pérez and Alejandro Rebolledo, Nebula MGA has rapidly developed into a dynamic international insurance platform…
Zurich-based reinsurer Echo Re has announced the appointment of experienced insurance executive Ankur Sharma as chief officer of its India arm at the Gujarat International Financial Technology City (GIFT City). Sharma, a highly respected figure in the Indian insurance industry, joins Echo Re after nearly a decade with Swiss Re, where he was most recently…
Lockton, a privately held independent insurance broker, said conditions remain favorable for U.S. commercial insurance buyers in most coverage categories, creating opportunities to strengthen insurance programs and ensure long-term value. However, the company warned that changing economic conditions, geopolitical uncertainty and broader industry disruption could alter market dynamics in the coming months, according to its…
Marsh Reinsurance broker Guy Carpenter has announced the appointment of Dennis Sugrue as head of international business intelligence. In this role, Sugrue will lead the development of industry risk insights to drive thought leadership and client solutions for the brokerage. He will also work closely with the firm’s brokerage, analytics and advisory teams to provide…