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Niyam Group has been authorized to operate as a secondary insurance intermediary office (IIO) in GIFT City with Sumit Aneja appointed as the chief officer. The company was founded in January by Bobby Swarup, an insurance industry veteran with more than two decades of experience. Niyam is an Indian business focused on bringing additional reinsurance…

SXG Underwriting Limited (Specialty X Global), the newly established managing general agent (MGA) of Simon Global Insurance Group, has also been approved as a Lloyd’s underwriter. Specialty It also enables MGA to provide flexible and tailored solutions for complex risks, supported by the strong regulatory framework and reputation of the Lloyd’s market. In addition, SXG…

Real estate-grade climate intelligence company Climative Launch has launched a new insurance-focused platform designed to help insurers communicate climate risks to homeowners in a clearer, more practical way. The company, which specializes in turning complex environmental data into property-specific insights, said the platform is designed to support insurers and homeowners in more effectively combating growing…

Management consulting firm Oliver Wyman, part of Marsh, has appointed Helen Leis to the newly created role of global head of leadership and change to guide clients through uncertainty and complex transformations. Leis takes on the new role in addition to continuing as co-head of Americas M&A. She will now work across practices to assess…

Converge, a company specializing in cyber risk management and underwriting, has acquired additional underwriting capacity for companies with annual revenues of up to $5 billion from Lloyd’s, the world’s oldest insurance and reinsurance market. Meanwhile, existing capacity partner Obsidian Insurance Group has raised its capacity threshold from $1 billion to $5 billion in revenue. These…

Henry Tinworth has joined Arch Insurance’s UK regional division as senior property and casualty underwriter with immediate effect, based in Leeds. In his new role, Tinworth will leverage his 10 years of experience in the UK insurance market to drive new business development across the property and casualty portfolio, with a focus on the northern…

AM Best upgraded Ocean International Reinsurance Co., Ltd. (Ocean Re)’s financial strength rating to A (Excellent) from A- (Excellent), its long-term issuer credit rating to “a” (Excellent) from “a-” (Excellent), and the rating outlook was adjusted to stable from positive. AM Best noted that the upgrade reflected Ocean Re’s “very strong” balance sheet strength and…

A recent report from the Swiss Re Institute shows that the data center industry is evolving into increasingly complex, high-energy-density facilities that concentrate risk within a single site, with underwriting success dependent not only on capacity but also on professional technical assessment and rigorous accumulation management. Swiss Re highlighted that the data centers that power…

XS Global, the independently owned managed general underwriting (MGU) platform, has announced the appointment of Daniel Abramson as head of Asia Pacific construction underwriting based in Hong Kong. Abramson has more than 25 years of insurance industry experience, including construction and energy underwriting. Prior to joining XS Global, he served as Head of Construction at…