News

Tokio Marine Kiln (TMK), a global specialty insurer, has announced the appointment of Alex Dugand as Strategy Officer. TMK is an international insurer known for its specialist underwriting expertise, outstanding claims service, and innovative products. Dugand has been with TMK for nearly 20 years, joining in 2007 as a Reinsurance Underwriter. […]

Data analytics and technology provider Verisk has released a first-of-its-kind catastrophe model to help quantify the financial impacts of strikes, riots and civil commotion (SRCC) in the United States in response to escalating insurance losses from large-scale civil unrest events recently. The Verisk SRCC Model for the U.S. can predict the […]

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 Global Head of Claims, The post Mosaic promotes […]

Kinsale Capital Group, Inc. has announced its financial results for the first quarter of 2025, reporting a net income of $89.2 million, which includes after-tax catastrophe losses of $17.8 million. This year’s Q1 net income compared to the $98.9 million reported in Q1 2024, a period that also saw significant lower after-tax catastrophe losses of […]

Global insurance and reinsurance broker Aon has acquired the operations of Atlas Insurances Agency, one of Israel’s most established insurance firms specialising in marine insurance. Atlas, a Lloyd’s coverholder, offers a range of marine insurance coverage, including cargo, hull and machinery, and charterers’ liability. With 50 years of […]

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 a […]

Maiden Holdings’ shareholders have approved all proposals related to the company’s proposed business combination with Kestrel Group LLC. Previously announced in December 2024, Maiden entered into a Combination Agreement with Kestrel to form a new, publicly listed specialty program group. Under the agreement, Maiden and Kestrel will become […]

At SCOR SE’s recent Combined Shareholders’ Meeting, the appointments of Diane Côté and Doina Palici-Chehab as directors were announced, along with Jacques Aigrain as an observer. The Ordinary and Extraordinary Shareholders’ Meeting was held on 29th April at the company’s registered office, 5 avenue Kléber, 75016 Paris, France, under the […]

New research conducted by hyperexponential (hx), a provider of pricing decision intelligence software for the insurance industry, suggests a growing transatlantic divide in the adoption of artificial intelligence (AI). While both UK and US insurers recognise the promise AI holds for the sector, hyperexponential’s findings reveal that US firms […]

Howden India has appointed Mandira Gupta as Managing Director and Head of M&A for India, the Middle East, and Africa (IMEA). Gupta holds over two decades of M&A leadership experience in insurance broking and investment banking, having reportedly advised on several of India’s most complex and high-profile transactions. She most recently […]