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United Risk expands with new promotions and hires, names Christofer President & CCO
27th May 2025
United Risk, an international property and casualty insurance underwriting and a division of Applied Underwriters, has announced the appointment of Richard Christofer as President and Chief Commercial Officer, among a number of other promotions and hires. In his new role, based at the company's corporate headquarters at Rockefeller Center in New ... Read the full article
Venbrook promotes Jeff Lang to President, Retail P&C
27th May 2025
Venbrook Group, LLC, an independent insurance distribution and services firm in the US, has promoted Jeff Lang to the newly created position of President, Retail Property & Casualty. In his new role, Lang will continue the successful growth momentum and lead Venbrook's retail division and guide the firm's national strategy across ... Read the full article
Intact Insurance Specialty names Aaron Belair as President of Technology, NA
23rd May 2025
Intact Insurance Specialty Solutions, the US insurance subsidiary of Intact Financial Corporation, has appointed Aaron Belair as its new President of Technology, North America (NA), based in San Francisco. In the role, he will focus on strengthening broker relationships, delivering tailored solutions, fostering a culture that attracts talent, and accelerating Intact's ... Read the full article
Descartes Underwriting strengthens leadership with key senior hires to support growth
22nd May 2025
Descartes Underwriting, a provider of corporate parametric insurance solutions specialising in climate, cyber, and emerging risks, has revealed two important senior appointments aimed at strengthening its operations and claims functions. These new roles are designed to enhance service for brokers and clients by boosting efficiency and quality during a phase of ... Read the full article
Political risk insurance demand up amid geopolitical and economic uncertainty: Howden
22nd May 2025
Demand for political risk insurance has gone up by 33% due to considerable uncertainty around the geopolitical and macroeconomic environment, a new Howden report has revealed. The ‘Opportunity in flux’ highlights how increased geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving ... Read the full article
Protecdiv hires Tamika Puckett as EVP & Public Sector Practice Leader
22nd May 2025
Tamika Puckett has been appointed as Executive Vice President and Public Sector Practice Leader, at Protecdiv, where she will lead the development and execution of the firm's risk management strategies for public sector clients, overseeing a wide range of innovative solutions designed to meet the unique challenges faced by federal, ... Read the full article
Munich Re Ventures closes $125m fund from HSB
21st May 2025
After a decade of investing in companies at the intersection of risk and technology, Munich Re Ventures (MRV), the venture capital arm of Munich Re Group, has closed its fifth fund of $125 million from its founding limited partner, HSB. The funding will be used to invest in Built World startups ... Read the full article
David Kimmel joins Converge Insurance as CFO
21st May 2025
Converge Insurance, a company specialising in cyber risk management and underwriting, has announced the appointment of David Kimmel as its new Chief Financial Officer. Kimmel is joining the company with over 35 years of experience across insurance, investment banking, and emerging technologies. As Converge accelerates its expansion and strengthens its leadership in ... Read the full article
Marsh launches Data Centre Insurance and Risk Management Services offering
21st May 2025
Insurance broker Marsh has announced the launch of its Data Centre Insurance and Risk Management Services, to support global clients across data centre and digital infrastructure lifecycle to safeguard critical assets. This new offering has been designed to address the unique challenges faced by data centre operators and related sectors, including ... Read the full article
Tokio Marine’s international business reports 2% decrease in profits in FY’24
20th May 2025
Tokio Marine Holdings has announced its full year 2024 financial results for its International business, reporting JPY 428.4 million in profits, a 2% decrease compared to 2023’s JPY 436.9 million. According to the firm, the decrease was mainly due to "one-off effects" totalling -JPY38.3 billion. This included capital loss mainly due ... Read the full article
D&O insurance sees strongest loss performance in over a decade despite premium decline
20th May 2025
AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, reports that insurers offering directors and officers (D&O) liability coverage in the US recorded their most favourable loss experience in more than ten years during 2024, despite declining premium volumes and ongoing underwriting ... Read the full article
Theo Pitsikas appointed Head of SME APAC for Zurich Insurance Asia Pacific
20th May 2025
Zurich Insurance Asia Pacific has announced the appointment of Theo Pitsikas as Head of SME APAC, in which he will be responsible for leading efforts across Asia Pacific markets to strengthen the group’s presence within the Small to Medium Size Enterprise (SME) segment. Due to the relatively low penetration in developing ... Read the full article
Google Cloud expands Risk Protection Program across EMEA
19th May 2025
Google Cloud has expanded its Risk Protection Program (RPP) to more than 30 markets across EMEA and has added new cyber insurance partners, Beazley and Chubb, alongside founding partner Munich Re. Google Cloud's RPP is said to blend cloud security insights with insurance industry expertise to offer Google Cloud customers customised, ... Read the full article
CIAB reports moderation in commercial insurance premium increases for Q1’25
16th May 2025
The latest market survey from The Council of Insurance Agents & Brokers reveals a noticeable easing in premium increases across all commercial insurance account sizes in the first quarter of 2025. According to their findings, premium increases across all account sizes moderated to an average of 4.2%, a drop from the ... Read the full article
AXA XL bolsters Indian team with several senior appointments
15th May 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has strengthened its Indian Branch with the appointments of Saurabh Bhootara, Priya Manchanda, Vinod Kumar, Saumitra Sharma, and Akash Jain in Mumbai. The additions follow the recent appointment of Alok Shukla as the Chief Executive ... Read the full article
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