[ad_1] Lin Mun, an executive with over 21 years of extensive experience in the insurance and reinsurance industry, has been appointed as Director, Client Management of Aon Reinsurance Malaysia. With a deep understanding of the market and client needs, Mun will use her expertise, strong professional network and valuable industry insight to help clients make … Read more
[ad_1] Asian reinsurers are actively expanding to mature overseas markets to diversify their portfolios and improve cycle management, a move seen by credit rating agency AM Best as credit positive. According to a recent AM Best report, many reinsurers in Singapore and across South and Southeast Asia reported strong earnings in 2024, supported by healthy … Read more
[ad_1] ACORD, the global standards-setting body for the insurance industry, has announced the launch of the Next-Generation Digital Standards (NGDS) Object Model, designed to streamline digital data exchange across the insurance industry. The NGDS Object Model enables smoother, more accurate, and more secure data exchange. It bridges the gap between distinct business capabilities and disparate … Read more
[ad_1] China Reinsurance (Group) Corporation (China Re) released its unaudited results for the first half of 2025, reporting a net profit of RMB 6,599 million, up 11.4% from RMB 5,922 million in the same period a year earlier. The Group achieved gross written premiums of RMB 103,835 million in H1’25, representing a year over year … Read more
[ad_1] Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has announced the appointment of Alan Ferguson as Chief Executive Officer of US Assure, effective September 1, 2025. Ferguson, who will continue to serve as President while assuming the CEO, will succeed Ty Petway, who is retiring after more than three decades … Read more
[ad_1] kWh Analytics, a climate insurer and risk manager for renewable energy projects, through its licensed insurance entity, Solar Energy Insurance Services, Inc., has expanded its portfolio with a new Excess Natural Catastrophe coverage to protect the renewable energy market from severe convective storms. The Excess Natural Catastrophe layer will provide up to $20 million … Read more
[ad_1] Fitch Ratings’ review of GAAP financial results for 41 North American (NA) re/insurers showed strong operating returns, strong underwriting results, and higher investment income in the first half of 2025, despite elevated catastrophe activity. Fitch reported that the overall operating return on common equity declined modestly year over year to 8.9% in H1’25, with … Read more
[ad_1] Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has launched Ledgebrook Re, a boutique reinsurance brokerage and advisory firm dedicated to supporting the next generation of insurance innovators. Ledgebrook Re is established as a managing general agent (MGA) and brings a foundation of deep underwriting expertise, combined with broking … Read more
[ad_1] AXA COLPATRIA, AXA Climate, Fondo Acción, and WTW Alternative Risk Transfer, have jointly designed a parametric insurance programme to protect coral reefs in the Colombian Archipelago of San Andrés, Providencia and Santa Catalina. In this effort, the coalition of partners is being supported by the Ocean Risk and Resilience Action Alliance (ORRAA) and the … Read more
[ad_1] Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has appointed company veteran, Tetsushi Kitano as Country Manager for Thailand, effective September 1st, 2025. The appointment aligns with Allianz Trade’s strategy for Asia Pacific. Kitano, in his new role, will lead the local team after spending over 17 years … Read more
[ad_1] Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings, has announced the launch of its new parametric insurance product, “Weather Insurance Index”, a new offering designed to help insurers manage financial losses caused by severe or unusual weather. As a parametric solution, this new product has been designed to pay out a fixed … Read more
[ad_1] S&P Global Ratings has upgraded Ascot Group Limited, a Bermuda-based specialty re/insurance company, raising its long-term issuer credit rating to BBB+ from BBB. At the same time, S&P assigned an A long-term financial strength rating to Ascot’s main operating entity, Ascot Bermuda Limited. The outlook for both ratings is stable. According to S&P, the … Read more
[ad_1] The European “Big Four” reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—still have appetite for property catastrophe, despite market conditions beginning to show signs of softening, according to a recent AM Best report. The ratings agency noted that this appetite comes after a period of portfolio right-sizing, higher attachment points, and a move away … Read more
[ad_1] HDI Global, a commercial and specialty lines insurer, has announced the appointment of Nikita Tikhonov as its new Head of Marine Global Risk, effective 1st September, 2025. Based at HDI Global’s Hannover, Germany headquarters, Tikhonov will report to Dr. Carsten Schulte, Head of Marine Underwriting. He will oversee a team of five professionals working … Read more
[ad_1] Nearly half a million Ford Edge and Lincoln MKX SUVs are under recall for potential rear brake hose failures. The post Ford Recalls 500K Edge, Lincoln MKX SUVs for Rear Brake Hose Leaks appeared first on TFLcar. [ad_2] Source link
[ad_1] The new Volvo XC70 has officially arrived as a “long-range plug-in hybrid” crossover, rather than a wagon — but we’re not getting it. The post Volvo Launches “Long-Range” XC70 Plug-in Hybrid As the EV Alternative We Can’t Have appeared first on TFLcar. [ad_2] Source link
[ad_1] Although reinsurers continue to expand their natural catastrophe business, the pace of growth has slowed from last year and is expected to remain subdued in 2026 as pricing conditions soften, according to a recent report by S&P Global Ratings. In 2024, the top 19 reinsurers’ aggregate risk exposure rose 14%, but appetite for catastrophe … Read more
[ad_1] Urs Baertschi, CEO of Property & Casualty Reinsurance at Swiss Re, recently shared his perspective on the challenges and opportunities facing the insurance industry in 2025. Reflecting on his personal aversion to roller coasters, Baertschi compared the highs and lows of amusement rides to the unpredictability of the current risk landscape, noting that “those … Read more
[ad_1] Guy Carpenter, a Marsh McLennan business, has announced the appointment of Jeremy Goodman as Chief Client & Growth Officer, a newly created global role. Based in New York, Goodman will be reporting to Dean Klisura, President & CEO of Guy Carpenter, and will join Guy Carpenter’s Executive Committee. In his new position, the executive … Read more
[ad_1] Aon’s latest report has revealed that alternative capital surged to a record $121 billion by June 30, 2025, as cedents increasingly turn to solutions beyond the traditional reinsurance market. H1 2025 saw the structuring of 56 catastrophe bonds with an issuance total of $17 billion, matching the full-year 2024 total in just six months. … Read more