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Global property and casualty insurance company Liberty Mutual Insurance has announced the appointment of Defne Turkes as president and managing director (MD) of Liberty International Insurance (LII), the international division of Global Risk Solutions (GRS), effective July 1, 2026. She succeeds Phil Hobbs, who most recently served as President of GRS Underwriting. In her new…
Hippo Holdings Inc. has completed arrangements for its 2026 reinsurance program, effective June 1, 2026, ensuring meaningful protection, improving capital efficiency and introducing new features including full-account quota shares for enhanced flexibility, with the company describing the renewal as a “significant structural evolution.” Hippo, a technology-native insurance group that leverages its carrier platform to diversify…
Independent insurance broker Lockton has appointed Stéphane Lespérance as chief executive officer (CEO) of its new Canadian retail business. The appointment is consistent with Lockton’s overall strategy to build a Canadian-led organization that provides enhanced high-level advisory support to Canadian businesses. It reflects the broker’s long-term collaboration with Canadian clients as well as multinational businesses…
Braven, a US technology company focused on building infrastructure for the insurance industry, has closed a $4.6 million seed round to fund its expansion into the UK market, including opening an office in London this month. Braven, formerly known as Sytrex, is an insurance infrastructure technology company headquartered in San Francisco and founded by a…
Price Forbes, the independent, specialist international wholesale insurance and reinsurance brokerage, has appointed Tarek Semaan as interim head of the Middle East and Africa region and Anthony Abi Fadel as interim director, both of whom will be based in Dubai. Reporting to David Howells, Senior Executive Officer, Price Forbes Dubai, Semaan is responsible for leading…
Shoib Khan, director of insurance supervision at the Bank of England, said that the PRA is working on establishing a self-insured system in the UK, aiming to reverse decades of offshore migration trends, and plans to allow self-insured people to finally “return” to the UK in 2027. A captive insurance company is a wholly-owned insurance…
Global re/insurance broker and risk advisor Aon has announced the promotion of Hugo Carson to Greater Florida market leader. Carson succeeds Brian Bark, who now heads Aon’s New York City market. In his new role, Carson will lead overall strategy, growth and operations for Aon’s Greater Florida market. He will oversee market performance across all…
A new report from Fitch Ratings reiterated its “deteriorating” outlook for the global reinsurance and London market sectors, saying a softening in the pricing cycle will have a more severe impact. Fitch said in a new report that despite a tougher macroeconomic backdrop, the global insurance industry outlook remains “neutral” through mid-2026, supported by generally…
AXIS Capital Holdings Limited has appointed Pradip Patiath, a senior partner at McKinsey & Company and global leader of the firm’s financial services and technology sectors, to its board of directors. Effective June 15, 2026, Patiath will join the AXIS Board of Directors, serving on its Risk, Human Capital and Compensation Committees. Patiath worked at…
New research released by Willis, the insurance brokerage, risk advisory and risk management business of WTW, shows that cyber insurance continues to provide significant financial protection against cyber incidents. In its latest report, Cyber ​​claims take center stage – getting value from cyber insurance, Willis found that insurance covers more than 95% of average data…