Latest Smartphones, Gadgets and Startups News
International life insurance group Talcott Financial Group has announced the expansion of its subsidiary Talcott Life Re’s previously announced bulk reinsurance transaction with Japan Post Insurance Company. Under the terms of the extended agreement, Talcott Life Re will reinsure an additional 100 billion yen (approximately $625 million at current exchange rates) of in-force annuities. This…
Global insurance and reinsurance broking group Howden is to strengthen its specialist actuarial and longevity consulting capabilities with the acquisition of Hymans Robertson’s insurance and financial services consulting group (IFS group). The transaction is expected to close this spring and will result in the creation of Howden Insurance Actuarial & Longevity (Howden IAL), a new…
Techcom Life Insurance Joint Stock, a new life insurance company established by Techcombank, has entered into a strategic partnership with global life and health reinsurer Reinsurance Group of America (RGA) to expand access to and support the growth of the Vietnamese life insurance market. The collaboration marks the first of its kind in Vietnam, bringing…
Qover, a Belgian insurtech company specializing in embedded insurance orchestration, has secured $12 million in growth capital financing from CIBC Innovation Banking as it enters its tenth year of operations. The company reported that this latest financing brings its total funding since inception to more than $100 million. Qover explained that it develops technology infrastructure…
WTW Enterprises Willis has announced the appointment of Tony Simm as interim head of Europe and UK. In his new role, Simm will be responsible for leading the delivery of high-quality client solutions across diverse geographies and lines of business. He is also responsible for developing strategy for the European and UK interim teams, attracting…
Bermuda-based reinsurer Aspen reported improved full-year underwriting performance in 2025, with underwriting revenue rising to $370.8 million from $345.8 million in 2024. The company’s gross written premiums increased slightly to $4.67 billion in 2025, compared with $4.61 billion the previous year, while net written premiums declined to $2.84 billion from $2.94 billion, reflecting continued portfolio…
Life and health insurance company Aflac Incorporated, through its subsidiaries in Japan and the United States, announced that Aflac Re Bermuda Ltd. (Aflac Re) has entered into an agreement with Japan Post Insurance Company to reinsure a portion of life annuities through coinsurance, effective March 31, 2026. This marks Aflac Re’s first reinsurance transaction with…
UK government-backed terrorism reinsurer Pool Re has sponsored the fourth tranche of its £100m catastrophe bond, supporting UK economic resilience and protecting businesses from terrorism-related losses while containing risks in private markets. The transaction, issued through Baltic PCC Limited, a UK-registered special purpose vehicle, provides Pool Re with £100 million of mortgage retrocession protection and…
Specialty insurer and reinsurer SiriusPoint has appointed Sabra Purtill to its board of directors, effective March 25, 2026. At the same time, Franklin (Tad) Montross IV and Peter Tan will resign from the Board of Directors effective May 20, 2026. Purtill has four decades of experience in the insurance and financial services sectors, with expertise…
Fosun International Limited announced the unaudited results of Peak Re, a global reinsurance company headquartered in Hong Kong, for the full year 2025 (FY’25). Reinsurance revenue increased by 32.8% year-on-year to US$1.54 billion. Peak Re’s FY25 reinsurance services performance also increased by 12.7% year-on-year to US$162.9 million, and gross written premiums (GWP) increased strongly by…