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European businesses with exposure to the US may need to reassess their casualty risk as the frequency and size of so-called nuclear verdicts continue to present challenges for insurers, according to Munich Re, the global reinsurer. The reinsurer says a recent US jury award of USD $604 million following a fatal truck accident illustrates how…
Aegon Ltd., an international financial services holding company, has announced that its Extraordinary General Meeting of Shareholders (EGM) approved both the redomiciliation and the Omnibus Incentive Plan proposal, authorising Aegon to proceed with its redomiciliation to the US. During its Capital Markets Day in December 2025, Aegon announced plans to move its head office and…
KatRisk, a provider of catastrophic risk modelling software for the insurance and financial services industries, has announced the appointment of David Vicary as International Product Lead. In his new role, Vicary will help drive KatRisk’s technology solutions arm and support the continued development of its product suite and partnerships. He brings experience across the Lloyd’s…
A new sigma report by Swiss Re Institute has called for life insurers to work hand in hand with banks, advisers, and other distributors to keep up with the rising demand. The report has disclosed a generational shift in several pension systems is transferring responsibility for retirement income, inheritance planning, and later-life care from institutions…
Manulife, a global financial services company providing insurance, wealth and asset management and retirement solutions, has appointed Sinéad O’Connor as Chief Actuary, with the appointment taking effect on 12 October 2026. O’Connor will report to Phil Witherington, President and Chief Executive Officer of Manulife, and will become a member of the company’s Executive Leadership Team….
The 2026 El Niño could alter catastrophe risk across multiple regions and perils, creating implications for insurers and reinsurers as they assess potential changes in insured losses, portfolio accumulation and diversification, according to Moody’s, the global risk assessment firm that provides credit ratings, research, data, and analytical tools for financial markets. The company’s latest assessment…
Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, has announced the appointment of Tressie Norton as Supercoverholders Underwriting Manager, a London-based role. In her new position, Norton will be reporting to Stephen Tompson, Head of Supercoverholders, Delegated Authority Practice. She will be responsible for overseeing strategic partnerships and supporting the continued development of…
Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, has announced the appointment of Tressie Norton as Supercoverholders Underwriting Manager, a London-based role. In her new position, Norton will be reporting to Stephen Tompson, Head of Supercoverholders, Delegated Authority Practice. She will be responsible for overseeing strategic partnerships and supporting the continued development of…
J.P. Morgan said the expected price decline of the reinsurance market of 10–20% at the January 2027 renewals is less than the reduction in previous years, implying some stabilisation. The global investment bank and financial services firm said reinsurance pricing remains under pressure, particularly in property catastrophe, but also in specialty lines. J.P. Morgan expects…
OAK Global, which underwrites through two dedicated syndicates at Lloyd’s, has received approval to launch OAK Partnerships, a new strategic business unit providing multi-class expertise and capacity for portfolios of insurance risk to leading underwriting partners. According to OAK Global, capacity will be provided by OAK Syndicate 1440, with risks incepting from 1st January 2027….