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Willis launches FinTech Plus, a global insurance solution

13th May 2025

Willis, a WTW business, has launched FinTech Plus, an insurance solution for FinTech firms navigating scale, complexity, and regulatory evolution globally. The unified solution aims to address the financial risk landscape, which includes options for comprehensive cyber protection, delivered through a single proposal form and wording to simplify the process and ... Read the full article

Armilla reveals purpose-built AI liability insurance amid rising legal and regulatory pressures

9th May 2025

Armilla Insurance Services, a specialist managing general agent and Lloyd’s Coverholder focused on emerging technologies, has launched a new AI Liability Insurance policy designed specifically to address the growing legal and operational risks tied to artificial intelligence. Underwritten by select underwriters at Lloyd’s, including Chaucer, the policy delivers explicit, affirmative coverage ... Read the full article

India’s re/insurance market at inflection point: Mathur, Policybazaar for Business

9th May 2025

India’s risk transfer market is at an inflection point, as reinsurance infrastructure in the country lags the evolution of the rapidly expanding primary insurance market, creating opportunities for new ideas and models, according to Tarun Mathur, Co-founder and Chief Business Officer, Policybazaar for Business. Founded in 2008, Policybazaar is an insurance ... Read the full article

Ransomware costs ease but email-based attacks dominate, Coalition reports

8th May 2025

Coalition, a cyber insurance provider known for its Active Insurance model that aims to prevent digital threats before they cause harm, has published its 2025 Cyber Claims Report, offering a comprehensive view of cyberattack trends affecting its policyholders throughout 2024. According to the report, ransomware incidents remained the most expensive and ... Read the full article

WTW expands International Property Facility with digital upgrade to Neuron

7th May 2025

WTW, an advisory, broking, and solutions firm, has announced a major upgrade to its International Property facility in the London market, further advancing the capabilities of its digital trading platform, Neuron. This enhancement, which aligns with the facility’s renewal on May 1, 2025, includes increased market support and expanded capacity. The move ... Read the full article

Aon warns business leaders of compounding risks from AI, climate change, and trade disruption in 2025

7th May 2025

Aon, a global professional services firm, has released its Client Trends 2025 report, emphasising the growing interdependence of four powerful forces—Trade, Technology, Weather, and Workforce—that are shaping the operating environment for organisations worldwide. The report draws on Aon’s extensive capabilities in both risk capital and human capital to explore how these ... Read the full article

Resilience appoints Vazquez as Underwriting Manager for Spain and Portugal

7th May 2025

Cyber risk solutions company Resilience has appointed Diego Rodriquez Vazquez, who most recently served at AXA XL, as Underwriting Manager for Spain and Portugal. Vazquez has almost a decade of experience as a cybersecurity consultant and auditor in consultancies such as PwC and S21SEC, where he collaborated with the elaboration and ... Read the full article

Aon promotes Amanda Lyons to Bermuda CEO of Reinsurance

6th May 2025

Amanda Lyons has been appointed CEO of Aon Reinsurance Solutions Limited in Bermuda, effective July 1, 2025, subject to regulatory and immigration approvals. Based in Bermuda, Lyons is reportedly expected to lead the growth of Aon’s reinsurance platform on the island. In addition to her new role, she will continue to serve ... Read the full article

Envelop Risk adds Jacquelynn Morley to its Bermuda-based team

6th May 2025

Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has expanded its Bermuda presence with the addition of Jacquelynn Morley to the team. A reinsurance expert with 18 years of experience, Morley brings extensive capabilities in managing complex, multimillion-dollar fronting portfolios, seamlessly blending deep technical underwriting expertise with a sophisticated understanding ... Read the full article

Ample capital and competition point to ‘healthy buyer’s market’ in 2025: Willis

6th May 2025

The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer's market in 2025. Willis, part of global insurance broking group WTW, notes that the commercial insurance market is operating from a place of historical financial strength, as ... Read the full article

Insurance pricing rolls off highs as market momentum shifts, says J.P. Morgan

2nd May 2025

J.P. Morgan, a financial services firm, is signalling that pricing pressure is beginning to take hold across the commercial insurance and reinsurance sectors. According to early Q1 2025 data analysed by the firm’s insurance research division, the nearly eight-year stretch of consistent premium rate increases is clearly losing momentum—and faster than ... Read the full article

DiLorenzo named Head of US Casualty for Aon’s Reinsurance Solutions

2nd May 2025

Global professional services firm Aon has appointed Anthony DiLorenzo as Head of US Casualty for Reinsurance Solutions. DiLorenzo assumes the role from Amanda Lyons, who was appointed Aon’s global product leader for Reinsurance Solutions in May 2024 to accelerate the firm's product segment strategy across property, casualty, agriculture, credit, and cyber. In ... Read the full article

AXIS reports dip in Q1’25 net income but underwriting result strengthens

1st May 2025

Bermuda-based insurer and reinsurer AXIS Capital Holdings has reported an improved combined ratio of 90.2% for the first quarter of 2025, up 0.9 points on the prior year, with stronger underwriting income in both its insurance and reinsurance segments. AXIS has reported a strong set of results for the opening quarter ... Read the full article

Mosaic promotes Thomas Duggan to Head of Claims for North America

30th April 2025

Global specialty insurer Mosaic Insurance has appointed Thomas Duggan as the Head of Claims for North America, based in New York. He was one of the 14 environmental specialists Mosaic hired across the US last year to build out the unit. In the expanded role, he reports to Natalie Graham, Mosaic’s ... Read the full article

Peak Re reports second-best net profit of $187m in 2024 amid challenging market

30th April 2025

Hong Kong-based global reinsurer Peak Re has announced its 2024 full-year financial results, reporting a net profit after tax of $187 million, which marks the company’s second-best results in its 12-year history. The company attributed this success, driven by all of its business units, to its resilience and sustained profitability amid ... Read the full article