Despite strong growth in microinsurance, an 88% protection gap remains, with 9 out of 10 people globally remaining unprotected from rising risks – including climate change, health crises, disasters, conflict, and nature loss – according to a recent report by the Microinsurance Network (MiN). The Landscape of Microinsurance 2024’ report, done in collaboration with the […]
Archives for March 2025
Everest adds John Howard to Board of Directors
Global insurer and reinsurer Everest Group, Ltd., has appointed John Howard as an independent, non-executive member of its Board of Directors, effective immediately. Howard is an industry veteran with over three decades of insurance and senior executive leadership experience at top financial services organisations. Most recently, he was Chief Executive Officer (CEO) of Truist Insurance […]
The Baldwin Group reports total revenue growth of 16% to $330m in Q4’24
Independent insurance distribution firm, The Baldwin Group, has posted fourth quarter 2024 total revenue growth of 16% to $329.9 million, reflecting organic revenue growth of 19%, as the firm’s reported full year total revenue growth of 14% and organic revenue growth of 17%. Full year 2024 total revenues amounted to $1.4 billion for Baldwin in […]
Howden Re welcomes Nicolò Forcellini as Director, DACH London team
Howden Re, a global reinsurance broker, has recently announced the appointment of Nicolò Forcellini as a Director at Howden Re Fac, where he will be joining the DACH London team. Forcellini will work under the leadership of Tom Sharman, Managing Director of Howden Re Fac. Sharman commented: “Nicolò’s appointment further strengthens our London facultative broking […]
Milliman: Pension Buyout costs rose to 101.6% of liabilities in January 2025
Milliman, Inc., a global consulting and actuarial firm, has published the latest findings from its Milliman Pension Buyout Index (MPBI). In January, the estimated cost to transfer retiree pension obligations to an insurer through a competitive bidding process rose from 101.4% to 101.6% of a plan’s accounting liabilities (accumulated benefit obligation, or ABO). This increase […]
Hayley Johnston appointed as Independent Non-Exec Director of Brace Underwriting
Brace Underwriting Limited, a multi-line and alternative risk specialist underwriter supported by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc., has announced the appointment of Hayley Johnston to its board as an Independent Non-Executive Director, pending regulatory approval. Johnston currently serves as the Chief Executive Officer of Lancashire Insurance Company Limited in Bermuda. […]