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Shib Shankar Saha to lead newly launched Generali GC&C India

27th January 2025

Italian insurance giant Generali has announced the establishment of Global Corporate & Commercial (GC&C) India within Future Generali India Insurance, on January 1st, 2025, which will be led by Shib Shankar Saha as Head of GC&C India. The move marks the insurer’s entry into the regional market and aims to strengthen ... Read the full article

Envelop Risk bolsters leadership team with two senior promotions

27th January 2025

Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has announced the promotion of Graeme Bell to group chief operating officer and Simon Welton to the role of EVP – underwriting performance and strategic partnerships. Bell has been with Envelop since 2020, when he joined as a non-executive director, he was ... Read the full article

Cowbell appoints Tim Regilio as Head of Western US Territory

23rd January 2025

Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has appointed Tim Regilio as Head of the Western US Territory. In this role, Regilio will provide strategic direction, lead a sales team to drive revenue, expand market share, and build strategic partnerships across the western U.S. He will report directly ... Read the full article

Resilience reveals key leadership promotions amidst accelerated global growth

22nd January 2025

Resilience, a cyber risk company specialising in insurance and cyber risk management solutions, has announced several key promotions as it continues its rapid global expansion. The company has consolidated its core insurance operations under George Kotsiopoulos, who has been named President, Insurance. Kotsiopoulos, an insurance executive, will oversee Resilience’s global underwriting strategy, ... Read the full article

Vantage expands distribution team with key appointments

21st January 2025

Vantage Group Holdings Ltd. (Vantage), a provider of insurance solutions, has appointed Chelsea B. Law as the Northeast Region Distribution Leader, effective immediately. Based in New York, Law will report directly to Leanne Berry, Chief Distribution Officer. Law will be a key member of Vantage's Insurance Distribution team, responsible for driving ... Read the full article

Cat bond issuance hits record $17.7bn in 2024: Report

21st January 2025

Full-year catastrophe bond and related insurance-linked securities (ILS) issuance hit a record $17.7 billion in 2024 as fourth-quarter issuance of $4.5 billion more than offset a quiet third-quarter, taking the outstanding market to a new high of $49.5 billion, according to the latest Artemis quarterly cat bond report. Read the full article

McGill and Partners boosts Irish business with key appointments

20th January 2025

Specialty insurance and reinsurance broker McGill and Partners has appointed John Barry and Jack Farrell as partners in specialty broking, in Ireland. According to McGill and Partners, the pair will play a key part in building its business in Ireland and Europe, particularly in the construction sector for both contractors and ... Read the full article

World Economic Forum: 64% of experts predict fragmented global order amid rising threats

20th January 2025

The World Economic Forum (WEF), a non-governmental organisation committed to improving global economic and social conditions, has released the 20th edition of its Global Risks Report, which highlights an increasingly fragmented global landscape where escalating geopolitical, environmental, societal, and technological challenges threaten both stability and progress. While economic risks are less ... Read the full article

BOXX welcomes three new hires to support US growth plans

17th January 2025

BOXX Insurance, a global cyber insurtech, continues its expansion plans in the US with three new appointments to its Product and Distribution management team. Erik Tifft has been appointed Head of Products, bringing over two decades of underwriting, insurance products and cyber experience to BOXX. In his new role, he will continue ... Read the full article

Global megatrends driving slower growth and higher inflation: Munich Re

17th January 2025

Munich Re’s Economic Research team predicts that global megatrends will affect macroeconomic conditions over the long term, leading to a decade of slower growth and higher inflation. The firm forecasts average global economic growth of 2.5% and inflation of 2.2% in industrialised countries between 2025 and 2034, compared with 3.1% growth ... Read the full article

Harford Mutual names new leadership to support business expansion

17th January 2025

Harford Mutual Insurance Group, a provider of property and casualty insurance, has announced several leadership appointments aimed at reinforcing and advancing its strategic business objectives. Shane Crockett, CPCU, PMP, AFIS, has been named Vice President and Chief Underwriting Officer. In this role, he will oversee all underwriting business units, with a ... Read the full article

Geneva Association explores impact of ‘slowbalisation’ on re/insurers

17th January 2025

A new report by the Geneva Association explores the impact of 'slowbalisation' on insurers and reinsurers, highlighting challenges such as weakened global cooperation and limited risk diversification, while offering strategies to adapt to emerging risks and opportunities. The report notes that the global economy is shifting from integration to fragmentation as ... Read the full article

Relm launches new insurance solutions for AI liability

17th January 2025

Insurance solutions provider Relm has launched three Artificial Intelligence (AI) liability solutions to address emerging risks in the AI ecosystem. These solutions aim to provide comprehensive coverage for businesses creating and adopting AI technology, as well as for those utilising AI in more peripheral capacities. "The rapid advancement and widespread adoption of ... Read the full article

Cat bond demand extremely strong, collateralised reinsurance returning: Gallagher Securities

16th January 2025

For various buyers of protection, the insurance-linked securities (ILS) market remains an integral part of their overall reinsurance purchasing decision, and demand for the catastrophe bond product was extremely strong in 2024, while demand for collateralised reinsurance is also returning, according to Gallagher Securities, the insurance-linked securities (ILS) and capital ... Read the full article

IUA plans to develop central risk function in 2025 to address emerging risks

16th January 2025

The International Underwriting Association (IUA) is reviewing its core services for London insurers to adapt to the evolving nature of risk transfer, with plans to establish a central risk function focused on issues like sustainability and cyber risk in its 2025 business plan. The review process will assess the operation of ... Read the full article