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Sompo launches technology insurance product for UK middle market clients

4th June 2024

Sompo International has announced the launch of a new insurance product for technology business, aimed at middle market clients in the United Kingdom. Created with modular wording and flexible approach, the package includes coverages comprising Property, Casualty, Professional Indemnity (PI) and Cyber. All covers are optional and customised to each client’s unique ... Read the full article

AXA XL reorganizes insurance operation in the Americas

4th June 2024

AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has reshuffled its insurance underwriting operations in the Americas, aligning under three business segments: Large Commercial, Mid-Market and Professional. Lucy Pilko, Chief Executive Officer, Americas, AXA XL, commented, "After taking a close look at our structure, ... Read the full article

CFC Canada adds Kelly McGuinness to its team

3rd June 2024

CFC Canada is welcoming seasoned insurance professional Kelly McGuinness as Cyber, Tech and Professional Liability Development Leader. McGuinness will be based in CFC’s first office on the ground in Canada, based in Toronto, and will be working closely with new CEO of CFC Canada, Kate Della Mora. She will also be working ... Read the full article

AdvantageGo announces ecosystem alliance with Relativity6

31st May 2024

AdvantageGo, a commercial re/insurance software provider and part of Coforge, has announced a strategic alliance with Relativity6, an artificial intelligence (AI) powered industry classification provider. For those who are not aware, Relativity6 addresses incorrect or out-of-date industry classification rating data and flagging of hazardous industries which allows underwriters to make critical rating ... Read the full article

Helios reports solid 2023 results driven by “outstanding” Lloyd’s market conditions

30th May 2024

In its full year 2023 financial results, Helios Underwriting has revealed it achieved a total comprehensive profit of £29.9 million, up from a loss of £0.1 million in 2022, while its capacity portfolio combined ratio improved to 86%. Helios explained that it has positioned itself to "maximise growth opportunities" by doubling ... Read the full article

Scott Sayce to join DUAL as Group Head of Emerging Products

29th May 2024

DUAL Group has announced the appointment of specialist lines veteran Scott Sayce as Group Head of Emerging Products, a newly created role. He will join the MGA on September 1, and will report to David Harries who joined DUAL as Group Director of Underwriting in January 2024. Harries commented: “Scott has a ... Read the full article

P&C sector reports improved conditions in early 2024: McGriff

28th May 2024

The Property & Casualty (P&C) industry began 2024 in a stronger position compared to 2023, driven by 25 consecutive quarters of premium increases, improved investment returns for insurers, and a relatively mild hurricane season, highlights broker McGriff in a recent report. The broker highlights Fitch Ratings' prediction for modest underwriting improvements ... Read the full article

Kairos appoints Andre Siregar as Chief Technology Officer

28th May 2024

Kairos Risk Solutions, a Singapore-based boutique insurance solutions consultancy, has announced the appointment of industry veteran Andre Siregar as Chief Technology Officer. In his new role, Siregar will lead the development and implementation of innovative risk solutions for the insurance and banking industries. He will collaborate closely with Albert Lim, Managing Director ... Read the full article

Global insurance market facing a combination of climate, AI & regulatory challenges, GILC

23rd May 2024

A new report from Global Insurance Law Connect (GILC) showcases that natural disasters linked to climate change, cyber security, artificial intelligence (AI) and regulations related to consumer protection are the "biggest challenges" facing insurers across 2024. GILC's annual Risk Radar report is a collection of insights from law firms across 27 ... Read the full article

Fidelis names Aoife Woulfe Head of Underwriting, Ireland

23rd May 2024

Global re/insurance company Fidelis Insurance Group has announced the appointment of Aoife Woulfe to the role of Head of Underwriting, Ireland. She will be based in Dublin and report to Group Chief Underwriting Officer, Ian Houston. Woulfe joins Fidelis after ten years at Tokio Marine Kiln (TMK), where she most recently served ... Read the full article

Catastrophe bond market breaking records in 2024: Artemis

23rd May 2024

Catastrophe bond and related insurance-linked securities (ILS) issuance has already broken the first-half year record at $10.9 billion, beating the previous high set in H1 2023 by around $600 million, with June issuance still to complete and add to the total, according to Artemis' data. Catastrophe bond issuance has been ... Read the full article

Companies prepare for political risks during continued global turbulence: WTW

22nd May 2024

Against the backdrop of ongoing global instability, companies intensify their focus on risk management, adapting strategies to navigate evolving threats, reports insurance and reinsurance broker WTW. Following a year in which nearly a fifth of companies had to restate earnings due to geopolitical events, 2024 proved challenging as well, with 69 ... Read the full article

CFC opens first office in Canada to be led by Marsh’s Kate Della Mora

21st May 2024

Kate Della Mora to head CFC Canada as CEO, a new role that was created as the company launched its first office on the ground in Toronto. CFC has launched its first office in Canada with the ambition of building a team of business development professionals to provide Canadian brokers across ... Read the full article

ICA appoints Andrew Gill as CEO of new counter fraud and scams division

21st May 2024

The Insurance Council of Australia (ICA) has appointed Andrew Gill as the Chief Executive Officer (CEO) of its new counter fraud and scams function. This newly established unit will focus on detecting organised fraud networks and identifying emerging fraud trends and scams within the industry. The unit will work with ICA members ... Read the full article

Arch Insurance International welcomes new Head for Third-Party Claims

20th May 2024

Laura Brahams ascends to Head of Third-Party Claims at Arch Insurance International following Barbara Rizzi’s elevation to Chief Claims Officer. Taking on her new position, Brahams will oversee various sectors including casualty, cyber, financial lines, healthcare, intangible assets, and professional liability. Operating from London, she will report directly to Rizzi, Chief ... Read the full article