Latest Smartphones, Gadgets and Startups News
Global reinsurer Munich Re has announced the appointment of Michaela Hannemann as head of non-life insurance in Australia, effective from 1 May 2026. Hannemann will be based in Sydney and report to Scott Hawkins, Managing Director of Munich Re Australia. She succeeds Anja Linsmaier, who will return to Munich Re’s German headquarters to assume a…
Qatar Insurance Company (QIC) announced a full-year net profit of 806 million Qatari riyals in 2025, an increase of 10% from 2024. The second pillar global net profit before tax provisions increased by 19% year-on-year to QAR 874 million, and net profit attributable to QIC shareholders increased by 9% to QAR 791 million. Gross written…
WTW Enterprises Willis has appointed Michelle Ng as head of risk and analytics for the Pacific region, succeeding Matt Frost, who has retired from the company. In her new role, Ng will lead the Pacific Risk & Analytics (R&A) team, delivering data-driven insights, actuarial expertise and advanced risk modeling capabilities to clients in Australia, New…
The Ministry of Industry and Internal Trade Promotion has officially opened up the Indian insurance sector to allow up to 100% foreign direct investment (FDI) through the automatic route, marking a major shift in the ownership policy of insurance companies operating in the country. Under the revised framework, foreign investors will no longer need to…
Independent specialist insurance and reinsurance broker Miller has announced the appointment of Saish Divakaram as head of Asia treaties. Divakaram is based in Miller’s Singapore office and will report to Richard Broad, Head of Treaties, Asia Pacific. Divakaram and Broad will work together to drive the continued growth of Miller’s regional treaty capabilities as a…
Specialty insurance provider Trisura Group announced its financial results for the fourth quarter of 2025, with net profit of $37.6 million, an increase of 95.1% from $19.2 million in the fourth quarter of 2024, and a combined ratio of 85.2%. The insurance company said that the growth in net profit was mainly due to the…
Gallagher & Co., the international insurance brokerage, risk management and advisory group, has appointed Hassan Ashtari as Senior Executive Officer (SEO) for its Middle East joint venture with Artex Risk Solutions. The joint venture operates out of Abu Dhabi Global Market (ADGM) and provides alternative risk and captive management solutions across the region. In his…
Artificial intelligence-based insurance and reinsurance underwriter Kettle has partnered with US specialty insurer RLI to launch a new multi-risk commercial property insurance product. Kettle explained that the non-permit product provides comprehensive protection, including wildfire and all other perils (AOP), to commercial properties in areas where coverage is increasingly difficult to obtain. The program will focus…
The two insurance companies reached an agreement on February 4 on the key financial terms of a possible proposed cash offer for Zurich to acquire 100% of Beazley, and Zurich has now been granted permission to extend the PUSU deadline by more than two weeks. The “put it up or shut up” (PUSU) deadline was…
The Australian Terrorism Reinsurance Pool, managed by Australian Reinsurance Pools Corporation (ARPC), has purchased A$2 billion in terrorism retrocession limits for calendar year 2026 and has increased deductibles by A$500 million. ARPC explained that this reflects its current assessment of portfolio risk, current reinsurance market conditions and the protection provided by the $10 billion in…