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Munich Re Specialty – Global Markets Syndicate, the managing agent of Lloyd’s Insurance & Reinsurance Markets Syndicate 457, has formed the Pandemic Alliance to provide parametric catastrophic infectious disease insurance. The consortium, a market initiative from Lloyd’s London-based company, will provide proactive emerging risk transfer solutions to protect against the impact of epidemic and pandemic…
CICI Prudential Life Insurance Company Limited, one of India’s leading private life insurance companies, has agreed to enter into a strategic collaboration to implement Aon’s high-performance modeling platform PathWise in its actuarial modeling domain. The implementation of Aon’s PathWise solution, a high-performance, GPU-enabled modeling platform within its life risk modeling suite, will enable ICICI Prudential…
Distinguished Programs, a national MGA and insurance program management company, is expanding its specialty footprint with the launch of an ocean freight program led by veteran executive Ralph Salce. The new initiative will provide a full suite of ocean freight solutions covering global transportation risks, inventory throughput arrangements and complex logistics risks. The company expects…
Global insurance and reinsurance brokerage group Aon has appointed Karl Hamann as Chief Executive Officer (CEO) of the Philippines, effective April 1, 2026, subject to regulatory requirements. From 2022, he serves as CEO Indonesia, implementing modernization initiatives, strengthening commercial execution and enhancing market connectivity. Harman will relocate to Manila in the coming months and will…
According to Hymans Robertson’s 2026 Risk Transfer Report, the pipeline of acquisitions expected to be completed in the coming months is very strong, with 2026 expected to be a record year for the market and likely to exceed £50 billion for the first time. The report notes that insurance companies are well-positioned to meet this…
Professional managing general agent (MGA) Prestige Underwriting has announced the promotion of Katy Peacock to head of home, product and governance. In her new role, Peacock will leverage her more than 20 years of personal lines underwriting experience to oversee the development and governance of Prestige’s home insurance product portfolio, which includes ensuring rigorous underwriting…
Global insurance and reinsurance broker Howden has announced the appointment of Shunsuke Takechi, an experienced and qualified Japanese lawyer with over 13 years of experience, as Head of Japan M&A. Takechi has the unique reputation of being the first and only registered senior Japanese attorney in the insurance brokerage industry. His expertise spans a variety…
Atrium, the specialist insurance company owned by Lloyd’s, has announced the appointment of Hayley Budd as head of innovation, a newly created role designed to drive the company’s strategic transformation. Budd will be responsible for leading innovation, working with Atrium’s market-leading underwriting team to transform existing business lines to meet the needs of emerging customers….
Zambia-based reinsurer Klapton Re will list directly on the Lusaka Stock Exchange (LuSE) on March 24, 2026, subject to regulatory approvals, reaffirming the reinsurer’s continued growth and the increasing maturity and resilience of Zambia’s financial markets. Founded in 2020, Klapton Re provides ad hoc and treaty reinsurance services in Africa, Asia and the United States….
Professional managing general agency (MGA) Optio Group announces the acquisition of AGS Forsikring AS (AGS). Founded in 2008 by Lars-Petter Myklebost and headquartered in Oslo, AGS provides insurance solutions and claims processing in the energy, sports and fine arts sectors. MGA manages individual accident claims for the Scandinavian sports federations through proprietary IT systems, provides…