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International insurance company Mapfre has announced the appointment of Miguel Serrano Loredo as its new Administrative and Financial Director, succeeding Oscar García-Serrano. García-Serrano, who has held the position since April 2022, will now succeed Rafael Prado as CEO of Mapfre Colombia. Loredo joined Fundación Mapfre in 2008 and was appointed Deputy Manager of Administration and…
The European Insurance and Occupational Pensions Authority (EIOPA) and the European Stability Mechanism (ESM) have announced proposals for a Europe-wide risk-sharing framework to address natural disaster insurance coverage gaps while safeguarding private sector participation. The proposal, released on April 9, 2026, comes at a critical time, as escalating climate-induced losses and increasing affordability pressures threaten…
Kin, a direct-to-consumer digital home, auto insurance and home finance provider, has appointed Okta Chief Financial Officer (CFO) Brett Tighe to its board of directors. During his tenure at Okta, Tighe oversaw the company’s financial strategy, which guided the company from its early stages through its IPO and its current status as a globally recognized…
WTW’s General Aviation Insurance Market Outlook: Q1 2026 warns that further significant losses, an increase in mergers and acquisitions (M&A) activity or pressure from reinsurers could reduce capacity across the industry, which could quickly cool down rate cuts. The general aviation insurance market appears to be in a relatively stable position at the start of…
Global reinsurance broker Howden Re has announced the appointment of Grace Kavanagh as Director in the firm’s Capital Solutions team. Kavanagh brings extensive market insights and strong operator and client relationships to the Capital Solutions team. Three years later, she joined Howden Re’s market engagement and strategy team, where she worked on Lloyd’s syndicate and…
as Chizai A new incentive scheme has been launched to encourage members to re-include terrorism cover as standard in SME property policies, CEO says Tom Clementi It said the initiative has the potential not only to increase the resilience of SMEs, but also to improve economic security and significantly increase the uptake of terrorism insurance…
Marsh, a global firm specializing in risk, insurance and advisory services, announced that Mark McGivney will serve as the firm’s executive vice president and chief operating officer. His new responsibilities will be in addition to his current role as chief financial officer of Marsh, a position he has held for more than a decade. Since…
A paper by the European Insurance and Occupational Pensions Authority (EIOPA) and the European Stability Mechanism (ESM) proposes risk-sharing mechanisms at the European level, including natural catastrophe insurance pools and loan-based support, aimed at enhancing overall risk tolerance and closing Europe’s huge protection gap. The increasing frequency and severity of natural disasters poses significant economic…
PwC highlights the increasingly important role that asset-intensive reinsurance (AIR) plays in establishing the Cayman Islands as a key center for capital-efficient, asset-driven reinsurance solutions. PwC noted that the Cayman Islands has solidified its position as a vibrant reinsurance center, supported by regulatory stability, strong capital markets and a commitment to innovation. Earlier this year,…
Brace Underwriting Limited, a multi-line and alternative risk specialist underwriter backed by Octave Specialty Group Inc., has promoted Richard Wheeler to head of US underwriting and Michael Davis to head of Brace’s London underwriting. The pair previously served as senior underwriters. Their appointments reflect a new management structure designed to support Brace’s expansion across its…