Archives for April 2025

Optalitix, a technology company specialising in data analytics and automation for the insurance industry, has announced a new partnership with SortSpoke, an AI-powered document processing platform. This collaboration enables underwriters to extract essential data from complex submissions five times faster, with full accuracy. Through this partnership, insurers will be able to process, analyse, and act […]

Novatae Risk Group, a wholesale insurance brokerage, managing general agency, and program manager, has acquired the assets of Atalanta-domiciled Ajax Specialty Insurance. The terms of the transaction were not disclosed. Founded in 2012 by current Chief Executive Officer (CEO), Andy Bierbaum, Ajax is a specialised wholesaler focused on the management and professional liability spaces. Six […]

Florida insurers regulators have approved Apex Star Reciprocal Exchange as the 12th insurer to enter the state since legislative reforms were passed in the last two years to stabilise the market. Apex Star Reciprocal Exchange is a property and casualty insurer part of Starlight Insurance Group, based in New Port Richey, Florida. The company has […]

Aon plc, a provider of professional services, has introduced the Profitable Growth Tool, a new benchmarking and advisory service aimed at assisting insurers in identifying and cultivating key traits that enhance their value to customers and shareholders. Developed by Aon’s Strategy and Technology Group, this tool builds upon the firm’s Growth Decision Framework and draws […]

Bermuda-domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has expanded its specialist offering by launching a new Professional Lines unit, led by Matt Irvine as Chief Underwriting Officer (CUO). Backed by Somers Re, the new Bermuda-based program offers a maximum line limit of $10 million. The unit offering includes Directors’ & Officers’ Liability, […]

WTW, an advisory, broking, and solutions firm, has announced the next step in the rollout of its digital trading platform, Neuron. Liberty Specialty Markets (LSM) is now live on the platform, bringing real-time trading capability for Cyber and Directors & Officers (D&O) risks. LSM’s capacity became active on Neuron as of 31 March 2025. Initially […]

165 deals were transacted from 1 July to 31 December 2024 in the DB pension scheme risk transfer market, with a total value of £32.6 billion, marking a record-breaking second half of the year, according to a recent Hymans Robertson report. This beats the previous record set during the second half of 2023, where the […]

Independent insurance broker Lockton has announced a strategic partnership with Axio, a provider of cyber risk quantification solutions, to enhance cyber risk analytics. This collaboration provides organisations with the tools they need to better understand and manage cyber risks in financial terms. By integrating Axio’s platform, Lockton will help clients move beyond basic risk assessments […]

Chubb Arabia, part of the global insurance carrier, has appointed Kamran Mazhar as its new Chief Executive Officer (CEO). In his role, Mazhar will lead Chubb Arabia’s strategic direction and business operations. Additionally, he will focus on driving growth and strengthening Chubb Arabia’s market position in the Kingdom of Saudi Arabia. Mazhar has 23 years […]

Fitch Ratings, a provider of credit ratings, commentary, and research, has highlighted in a new report that global insurers are facing rising regulatory costs driven by structural changes in the life insurance sector, climate change, and the growing role of artificial intelligence (AI), as industry regulators intensify their response to emerging risks. Climate change and […]