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Stonybrook Risk Management, a licensed reinsurance intermediary and a wholly-owned subsidiary of Stonybrook Capital, has completed a parametric reinsurance transaction led by Dan Butzbaugh, global head of parametrics. While full details of the deal have not been disclosed, Stonybrook said it offers a “fast and clear” claims process with responses within days of the transaction…
Sidley, an international law firm that advises insurance companies and financial institutions on regulatory and transactional matters, has appointed Carl Hotton as a partner in its London M&A and private equity practice. Most recently, he served as a partner in the corporate sector at DLA Piper, specializing in insurance M&A and reinsurance transactions. Hotton has…
The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have proposed a “tailored and competitive” regulatory framework to enable businesses to establish their own captive insurance companies in the UK. The new proposals aim to establish the UK as the center of a fast-growing captive insurance market. The aim is to support the…
Global insurance and reinsurance broker WTW has announced the launch of a new version of its Geospatial Mortality Model (GMM) designed to provide enhanced forecasting capabilities to the U.S. pension risk transfer market. While U.S. pension plan sponsors already use GMM to set longevity assumptions, insurance companies can now use this new version. By integrating…
Global professional services firm Aon has appointed Sean Deehan as Chief Executive Officer (CEO) of its Asia Pacific Strategy and Technology Group (APAC), effective immediately. Based in Hong Kong, he reports to Sherif Zakhary, global CEO of Aon Strategy and Technology Group and Inpoint. In his new role, Deehan is responsible for expanding the use…
Sompo Asia Pacific (Sompo APAC), part of Sompo International Holdings Ltd, announced the appointment of Canon Liu as head of financial services for Hong Kong, Macau and Taiwan. Liu will be based in Hong Kong and lead Sompo’s Financial Lines underwriting strategy in the region, driving growth and portfolio expansion in directors and officers, professional…
Reinsurance broker Gallagher Re’s Natural Catastrophes and Climate Report for the First Half of 2026 shows that global insured losses from natural catastrophe events totaled US$46 billion in the first half of 2025, down from US$84 billion last year and 28% below the 10-year average of US$64 billion. In the first half of 2026, losses…
Sompo Asia Pacific (Sompo APAC), part of Sompo International Holdings Ltd, announced the appointment of Canon Liu as head of financial services for Hong Kong, Macau and Taiwan. Liu will be based in Hong Kong and lead Sompo’s Financial Lines underwriting strategy in the region, driving growth and portfolio expansion in directors and officers, professional…
Global professional services firm Aon has appointed Khun Metat Sae-Jan as its new head of life and health (L&H), Thailand reinsurance solutions. In his new role, Sae-Jan will lead the broker’s L&H Reinsurance brokerage business in Thailand. For the past nearly three years, he has served as a partner at XEL Advisory, advising insurance companies…
Credit rating agency Fitch Ratings has upgraded the outlook for Canopius Group’s Bermuda-based reinsurer Canopius Reinsurance Limited (Canopius Re) to positive from stable, while reiterating its Insurer Financial Strength (IFS) rating at ‘A’ (Strong). The agency said the improved outlook reflects its expectation that Canopius Group will continue to strengthen its market position through sustained…