CelsiusPro Group is strengthening its Climate Resilience Solutions offerings with the addition of a highly experienced Disaster Risk Finance (DRF) team. Joining Global Parametrics, a CelsiusPro Group company since September 2023, the team brings extensive project management and consulting experience from their previous roles at the WTW Climate and Resilience Hub, specifically targeting public sector, […]
Specialty insurer Beazley has promoted Sydonie Williams to Head of International Cyber Risks. Williams will assume the role immediately, having previously held the position of Focus Group Leader, RoW, Cyber Risks. Beazley highlighted that since joining the firm in 2019, Williams has exhibited outstanding leadership and deep expertise, playing a key role in numerous successes, […]
The European Commission has approved, under EU State aid rules, a €1.5 billion (PLN 6.4 billion) Polish scheme to provide State-supported reinsurance of insurance for transport on the territory of Ukraine. Poland, through its public export credit agency (KUKE), will offer reinsurance to cover war-related risks, such as damage from military operations, sabotage, terrorism, uprisings, […]
The reinsurance arm of Vienna Insurance Group, VIG Re, has reported preliminary, unaudited full-year 2024 gross written premiums (GWP) growth of 9.2% to €983.3 million, driven by its third-party reinsurance and VIG business segments. The reinsurer has delivered solid financial results despite above-average catastrophe losses, including the European floods in VIG Re’s core territory. Profit […]
Growth in the insurance sector driven by generative artificial intelligence (gen AI) has the potential to inject up to £59 billion to the UK annual Gross Domestic Product (GDP) by 2038, according to a recent report by Accenture. According to the “Generating Growth: How Generative AI can power the UK’s reinvention” report, the banking, capital […]
Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a registered investment adviser and subsidiary of global reinsurer Swiss Re, will become co-investment manager of GAM’s insurance-linked securities (ILS) fund range, including the GAM Star Cat Bond UCITS Fund, effective May 7th, 2025. As of March 31st, 2025, Swiss Re manages around $5 billion in ILS assets […]
UnderwriteMe, the Insurtech company of Pacific Life Re, has appointed Andrew Doran as its new Chief Executive Officer, effective immediately. Doran, who has more than 20 years of experience in the insurance and reinsurance industry, joins UnderwriteMe from parent Pacific Life Re, where he was the global Chief Underwriting Officer. While at Pacific Life Re, […]
Bamboo Insurance, a California-based insurance provider specialising in homeowners coverage, has partnered with Incline P&C Group, an insurance programme carrier, to expand insurance capacity in California. This collaboration combines Bamboo’s underwriting platform with Incline’s financial resources. Since its launch in 2018, Bamboo has focused on underwriting in California and will now begin offering admitted and […]
MGT Insurance, an AI-driven neo-insurer, has announced the appointments of Paul Bessire as AI & Data Principal Engineer and Jason Johnson as Head of Business Development. Bessire, previously the Chief Technology Officer and Chief Data Officer at Coterie Insurance, is recognised in data science, AI, and insurance technology. His expertise in statistical research, predictive modelling, […]
Specialist re/insurance broker MNK Group has announced plans to continue growing its business both organically and through mergers and acquisitions (M&A). The company revealed that several M&A deals involving broking and insurance carriers are in the pipeline and will be announced soon. At its annual industry event at The Sky Garden on April 3rd, 2025, […]
