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International law firm DAC Beachcroft has expanded its presence in the United States with the opening of a new Miami office and a new insurance team in Miami and Los Angeles. Partner Joel McNabney and counsel Audrey Goldman, experts in insurance and reinsurance who advise insurers and underwriters on complex, high-risk underwriting matters, have joined…
The Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission (SFC), the Insurance Authority (IA) and the Mandatory Provident Fund Schemes Authority (MPFA) have collaborated with Hong Kong Cyberport Management Company Limited (Cyberport) to launch the Generative Artificial Intelligence (GenA.I.) Sandbox++ program. The Hong Kong Monetary Authority, the Securities and Futures Commission, the Insurance…
Italy-based global insurance company Generali has appointed Sun Lei as deputy regional officer for Asia, effective March 9, 2026, based in Hong Kong. The appointment is in line with the insurer’s aim to capture the region’s long-term potential, drive sustainable growth and expand its presence in key markets across Asia by combining local expertise with…
Specialist catastrophe property management general underwriter (MGU) SageSure has completed its second reinsurance sidecar transaction with Seawall Re II Ltd., securing $200 million in capital. Including the first Seawall Re deal in July 2025, the SageSure-sponsored sidecar platform has now secured $250 million in funding in less than a year. The company said the expansion…
Algorithmic Insurance Services, Inc. (LIRG), a provider of data-driven reinsurance solutions, has signed a delegated underwriting authorization agreement with Malaysian reinsurer Mandarin Re Ltd. The agreement grants the LIRG platform the authority to underwrite and bind policies and contracts up to $3 million each, consistent with agreed-upon underwriting guidelines. This covers mixed property risk, property…
Marsh executives confirmed that data centers are an insurable asset class, however, their sheer size and scope poses challenges, noting that these multi-billion dollar facilities require careful risk engineering and close collaboration between project sponsors and re/insurers. Speaking at a recent Digital Infrastructure News webinar hosted by Marsh, Mike Matthews, head of global digital infrastructure…
Gallagher Australia, the local arm of global insurance broking, risk management and advisory firm, has appointed Johannes-Daniel Veldsman as chief commercial officer, responsible for overseeing the company’s specialist divisions and commercial strategy. In this role, Veldsman will manage Gallagher Australia’s professional areas and support the continued development of the company’s professional capabilities. The company said…
Canopius Group is an international specialty and property and casualty (P&C) re/insurer with strong results in 2025, with profit after tax reaching US$467 million, an increase of 16% from the previous year, and insurance contract written premiums (ICWP) increasing by 27% year-on-year to US$4.5 billion. For Canopius, ICWP has almost doubled since 2022, growing 96%…
Global Indemnity Group reported stronger underlying underwriting profitability and higher adjusted return on equity in 2025, although catastrophic losses from the California wildfires impacted overall reported earnings. The company reported total premiums written at $398.9 million in 2025, essentially stable compared with $389.8 million in 2024, while investment income edged up to $62.7 million from…
Global insurance and reinsurance brokerage group Aon has appointed Anne Corona as chief executive officer (CEO) of North America, effective immediately, and Lori Goltermann has been promoted to vice chairman of Aon, effective March 31, 2026. Concurrently with this transition, Farheen Dam has been appointed CEO of Enterprise Clients and Chief Client Officer, effective immediately….