Archives for April 2025

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 […]

Commercial insurance rates across the US continued to rise in the first quarter of 2025, with the composite rate increasing to 3%, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae Risk Group, observed, “Umbrella and excess liability, along with automobile coverages, saw the most significant rate hikes this quarter—both increasing by […]

Anne Hoffmans has been promoted to Executive Vice President of Program Underwriting at AM Specialty Insurance Company. Hoffmans has been part of ASIC since 2023, when she joined the company as SVP, Program Underwriting. “From developing robust economic models as part of our detailed program due diligence procedures to streamlining our new program pipeline, which […]

PwC has announced the appointment of Hugh Man as a Partner in its Corporate Finance team, based in the company’s London office. In his new role, Man will focus on M&A and capital raising in the insurance sector, further strengthening PwC’s established presence in this field. Man brings 20 years of experience in the insurance […]

Markel, the insurance arm of Markel Group Inc., has announced the appointment of Erik Johnson as Head of Technical Underwriting and Oversight, effective immediately. In this newly created position, Johnson will lead the International Technical Underwriting team, setting and upholding high standards for technical underwriting across the organisation. He will also oversee the Wordings team, […]

South Korea’s worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protection against catastrophe and weather-related events, according S&P Global Ratings analysts. “South Korea’s wildfires will lead to moderately higher claims for property […]