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Zurich Insurance, a multinational insurance provider offering commercial and retail insurance, has completed a 90-day deployment of Cytora’s agency AI risk digital platform in five countries. Cytora is an insurtech company focused on artificial intelligence-based risk processing, and Zurich Insurance plans to expand its operations to more than 20 markets in the next 16 months….
Christian de Monte, head of insurance and group subsidiaries at Lloyds Banking Group, said higher interest rates, strong insurer capital and increasing market competition are supporting a strong pension risk transfer (PRT) channel and creating attractive opportunities for pension schemes and sponsors. “With interest rates higher than a few years ago, a strong PRT pipeline…
Markel International, a unit of Markel Insurance, the insurance arm of Markel Group Inc., has launched a dedicated nuclear insurance facility with broker Willis in what it calls a “market first” initiative. The facility is designed to provide broader and more comprehensive underwriting capabilities to the nuclear energy industry, reportedly reflecting market participants’ growing confidence…
FurtherAI, an insurance artificial intelligence (AI) startup, has appointed Tom Bradley to lead its operations in the United Kingdom (UK) and European Union (EU). The move marks an important step in the company’s international expansion. FutureAI is already working with partners across the UK and this appointment will enable it to deepen regional relationships, build…
AXA XL, the property, casualty and special risks division of global insurance company AXA, has appointed Laurent Richème to succeed Juergen Cherreck as global chief underwriting officer (CUO) of the property division. Cherreck, who has been with the company in his current role since October 2020, will retire in July after 21 years with AXA…
Lloyds administrator Argenta Syndicate Management Ltd has announced the appointment of Simon Saunders as head of marine reinsurance, effective July 2026. In his new role, Saunders will be responsible for underwriting Argenta’s marine reinsurance treaty portfolio, strengthening the business’s position in international markets and building on its established broker relationships. He will report to Heath…
The Government of Jamaica has returned to the catastrophe bond market for the third time, issued by the World Bank’s International Bank for Reconstruction and Development (IBRD), renewing a key part of its disaster risk financing infrastructure, following the triggering and full disbursement of a second catastrophe bond in 2025 following Hurricane Melissa. The World…
International insurer and reinsurer QBE has expanded its property product range to include new parametric insurance coverage through a strengthened partnership with K2. The reinsurer explained that the move is a direct result of the growth in complex catastrophic risks, with organizations increasingly seeking innovative coverage and solutions. The collaboration builds on a long-standing relationship…
Aon, a global professional services firm specializing in risk, retirement and health solutions, has appointed Ben Major as head of network brokerage for its global brokerage centers financial business unit. He has extensive experience in the London insurance market, having worked in both the professional and financial sectors, with a focus on the development and…
Property and casualty insurance company Liberty Mutual Insurance announced that it has increased its stake in Liberty General Insurance Limited (LGI) to 74%. Liberty General Insurance Ltd. is a joint venture (JV) between Summit Asia Investments Holdings Pte. Ltd. and Summit Asia Investments Holdings Pte. Ltd. Ltd., a group company of Liberty Mutual Insurance Group,…