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Credit Ratings AM Best affirmed that the credit ratings of Vantage Risk Ltd. (Bermuda) and its subsidiaries remain unchanged following the appointment of former Arch Capital Group leaders Marc Grandisson and David Gansberg as executive chairman and chief executive officer (CEO), respectively, of Vantage Group Holdings. This confirmation applies to Vantage Risk Specialty Insurance Company…
Liberty Mutual Reinsurance Group (LM Re), a division of Liberty Mutual Insurance Group, announced the appointment of Tom Spurgeon as global head of cyber reinsurance. Spurgeon succeeds Ivonne Staisch, who left the company after seven years of service to pursue new opportunities. Based in London, Spurgeon will report to Susan Barber, head of financial risk…
Independent specialist insurance and reinsurance broker Price Forbes has confirmed the appointment of Adam Chapman as executive director of construction and energy. Chapman will join Price Forbes in June 2027, reporting to Paul Lewis, CEO of Price Forbes’ construction business. In this role, Chapman will be responsible for leading the deployment and delivery of insurance…
Travelers Chief Financial Officer Dan Frey said the company chose not to renew its personal lines catastrophe excess of losses (XOL) reinsurance treaty on July 1 because its enhanced enterprise-level catastrophe reinsurance program, which it entered into on January 1, provides a “more attractive way” to obtain needed reinsurance protection. “On July 1, we renewed…
Global specialist re/insurance broker Consilium has partnered with CyberCube, a provider of cyber risk analytics for the insurance industry, to support its global growth and help clients better understand cyber risk exposure. CyberCube’s brokerage management platform, available in more than 100 markets globally, is designed to help transform complex cyber risks into actionable, data-driven insights….
Global insurance and reinsurance brokerage and risk advisor Aon has appointed Joe Leong as executive chairman of Reinsurance Greater China, based in Hong Kong, effective immediately. In his new role, Leong reports to Rupert Moore, CEO of Reinsurance Asia Pacific. Aon explained that under Liang’s leadership, the team will continue to help clients identify opportunities,…
Gallagher Re, the global reinsurance brokerage and advisory firm owned by Arthur J. Gallagher & Co., has appointed Sisouda Dayre as director of operations for Asia Pacific. In her new role, Dayre will work with colleagues across the region to support operational excellence, drive transformation initiatives and contribute to the continued growth of the business….
Aon plc, a global professional services firm providing risk, health and wealth solutions, has expanded its proprietary Data Center Lifecycle Insurance Program (DCLP). The latest development increases the program’s insurance capacity to $5 billion, while expanding the range of risk and advisory services available to support digital infrastructure projects from construction to long-term operations, the…
Allianz Jio Reinsurance, a 50:50 joint venture between Allianz Group and Jio Financial Services Limited (JFSL), has written gross premiums of Rs 266 crore in its first full quarter of operations, achieving the status of a leading reinsurer in the major treaty program of India’s leading private insurers. The joint venture, led by CEO Sonia…
ACORD, the global standards-setting organization for the insurance industry, has appointed four new members to its board of directors: Kasey Connors, Nidhi Howell, Christina Lucas and Spero Zacharias. Zacharias, Chubb’s senior vice president of global information technology major initiatives, will serve as chairman of the board. At Chubb, he managed a range of cybersecurity programs…