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Lockton’s new Professional & Executive Risk practice to transform its global financial lines business
31st March 2025
Independent insurance broker Lockton has announced the launch of Professional and Executive Risk, which integrates US-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice. Bringing together the expertise of over 750 talented Associates worldwide onto a single platform, this strategic integration will further enrich Lockton's ability ... Read the full article
Parametrix supports Hannover Re’s renewal of $20m Cumulus Re cloud outage cat bond
26th March 2025
Hannover Re, one of Europe's big four reinsurers, with the support of Parametrix, has secured $20 million of retrocessional protection for losses caused by a sustained cloud outage event, with this second catastrophe bond transaction 45% larger than the inaugural deal. Cumulus Re II, or Cumulus Re (Series 2025-1) as ... Read the full article
BHSI promotes Anthony Tatulli to Head of Liability, E&P Lines
26th March 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance, has promoted Anthony Tatulli to the expanded role of Head of Liability, Executive & Professional (E&P) Lines. In this role, Tatulli will continue leading BHSI’s E&P Lines business while also overseeing the company’s Casualty and Healthcare divisions, ... Read the full article
The Mutual Group welcomes Bansal as Chief Information and Technology Officer
26th March 2025
The Mutual Group, an integrated insurance operations platform serving the mutual industry, has appointed Vineet Bansal as its Chief Information and Technology Officer. Bringing over 20 years of global technology leadership from financial services, insurance, and private equity sectors, Bansal brings a proven track record of scaling and modernizing businesses through ... Read the full article
‘Lloyd’s continued to demonstrate its value’ in 2024: CEO Neal
25th March 2025
John Neal, Chief Executive Officer of Lloyd’s of London, has reflected on a year shaped by geopolitical instability, economic uncertainty, and accelerating technological change. In his statement, he began by expressing gratitude to employees and market members, stating, "I would like to thank members of the market and Corporation employees for ... Read the full article
Alex Haines joins Everest Re as Global Head of Engineering
25th March 2025
Everest Reinsurance, the reinsurance division of Everest Group, Ltd., has announced the appointment of former Guy Carpenter Managing Director Alex Haines as Global Head of Engineering. In his new role at Everest, Haines will be reporting to Emily Davis, Head of the division’s Global Specialties business, which includes Aviation, Marine, Cyber, ... Read the full article
US P&C insurance shows stability with emerging challenges: Lockton
24th March 2025
At the start of 2025, the US property and casualty (P&C) insurance market shows a stable and predictable outlook, according to the latest report from insurance broker Lockton. The March edition highlights current US economic conditions, key industry trends, and offers expert commentary on the main challenges facing insurance buyers today. Lockton’s ... Read the full article
Ariel Re makes several promotions in London and Bermuda
24th March 2025
Global reinsurance business Ariel Re has announced the promotion of nine employees in its London and Bermuda offices, part of its ‘academy firm’ approach. Its ‘academy firm’ approach fosters career development and learning within the re/insurance sector. This year's promotions cover a diverse range of roles and departments, including underwriting, portfolio management, ... Read the full article
Ethan Godlieb joins Consilium as Associate Partner
21st March 2025
Consilium, a specialty re/insurance broking business of the Aventum Group, has announced the appointment of Ethan Godlieb as Associate Partner to lead Cyber, Tech, and Fintech within its Professional & Executive Risks Division. Godlieb will join Consilium in May after completing his notice period at Aon, where he serves as Cyber ... Read the full article
Theresa Biedermann to lead BHSI E&P Lines Claims US team
19th March 2025
Berkshire Hathaway Specialty Insurance (BHSI) has announced the promotion of Theresa Biedermann to Head of Executive & Professional (E&P) Lines Claims in the US, a New York-based role. In her new role, the executive will oversee claims across all BHSI E&P Lines in the U.S., including Commercial (Public) D&O, Private D&O, ... Read the full article
Rising AI adoption exposes businesses to new risks: Gallagher
18th March 2025
Adoption of artificial intelligence (AI) is at an all-time high, with nearly two-thirds of businesses testing AI in the past year and half already implementing it, however, Gallagher warns that growing usage also brings new risks, including a greater likelihood of AI-related claims if not properly governed. Gallagher’s research shows that ... Read the full article
Liberty Specialty Markets and Baobab Insurance launch E-Crime insurance for SMEs
17th March 2025
Liberty Specialty Markets (LSM), a division of Liberty Mutual Group, and Baobab Insurance, a digital technical risk underwriter, have partnered to introduce a new e-crime insurance product designed specifically for small and medium-sized enterprises (SMEs). Under the collaboration, LSM will provide capacity for the new product, while Baobab will handle operational ... Read the full article
Coalition appoints Maha Virudhagiri as Chief Technology Officer
14th March 2025
Coalition, an active insurer focused on preventing digital risks, has announced the appointment of Maha Virudhagiri as its first Chief Technology Officer. In this role, Virudhagiri will report to Joshua Motta, CEO and co-founder of Coalition, and will be a member of the company's executive team. He will lead engineering, IT, information ... Read the full article
Poliseno to lead Chubb’s newly created North America Small & Lower Midmarket division
12th March 2025
Global insurer Chubb has created the North America Small & Lower Midmarket division, with Rob Poliseno as Division President and Jason Ranucci as Chief Operating Officer. The new division falls within Chubb’s North America Middle Market organisation, combining the insurer’s Lower Middle Market and Digital Small Business divisions into a single ... Read the full article
Global insurance M&A hits 16-year low, rebound expected in 2025: Clyde & Co
12th March 2025
In 2024, global insurance carrier M&A dropped to a 16-year low, with high interest rates, geopolitical instability, and increased regulatory oversight reducing carriers' appetite for deals, according to Clyde & Co’s annual Insurance Growth Report. Only 204 transactions were completed in 2024, a sharp decline from 346 the previous year, marking ... Read the full article
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