The United Kingdom’s non-life insurance sector is expected to remain on stable footing in the near term, according to credit rating agency AM Best, which recently reaffirmed its outlook for the market. One of the more significant developments in late 2024 was the upward revision of the Ogden discount rate, which plays a central role […]
Luis R. Conriquez and his band were forced to flee the stage after saying he had been banned by the government from singing “narcocorridos” music.
Reinsurance broker Gallagher Re has announced the appointment of Tom Dixon as Head of Legacy UK. Dixon brings 20 years of experience in insurance and transactions, beginning in insurance audit and transaction services before transitioning into non-life legacy acquisitions. He joins Gallagher Re from Perigon Re, where he was Managing Director. Prior to that, he […]
Munich Re Specialty, part of the Munich Re Group insurance operations, has completed the sale of boat insurance specialist GJW Direct to Ripe. The deal, first announced in October 2024, marks the transfer of GJW Direct after more than 20 years as part of Munich Re Specialty. The decision to sell the business was driven […]
The strikes from two Russian ballistic missiles killed at least 34 people, including two children, and wounded about 117 in the northeastern Ukrainian city of Sumy.
Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Trevor Oates as Head of Reinsurance. Oates joins ASR from Canopius, where he spent 25 years in a range of underwriting roles, most recently as a treaty underwriter. Before Canopius, Oates spent seven years at Aon, having begun his career in reinsurance at Mercantile and […]
Sompo Asia Pacific has announced the appointment of Pui Ying Fun as Vice President, Regional Treasurer, Asia Pacific (APAC). In her new role, Fun will be responsible for managing Sompo’s financial resources, ensuring liquidity, helping optimise capital structure, and mitigating financial risks across APAC. She will collaborate closely with the regional and local finance and […]
Ageas has agreed with Bain Capital to acquire esure, a digital UK personal lines insurer, for a cash consideration of £1.295 billion. Ageas suggested that the acquisition will strengthen its presence in European markets by adding a controlled entity, enhance its positioning in the UK, create shareholder value through expected synergies, and boost its cash […]
CLARA Analytics, a provider of artificial intelligence (AI) solutions for claims optimisation, has announced that its integration with Guidewire ClaimCenter has delivered measurable success, significantly enhancing claims workflows and financial outcomes for insurers. One longstanding CLARA customer has already seen remarkable benefits from the combined solution. With CLARA’s AI-driven insights now embedded directly into adjusters’ […]
DLA Piper, a global law firm, has appointed Charles Rix to its International Insurance team, based in London. Rix’s appointment aligns with DLA Piper’s growth strategy and strengthens its insurance sector bench. In the role, he will use his technical knowledge and experience to focus on supporting the wider European and global insurance teams on […]
