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MGT Insurance, the first AI-driven neo-insurer dedicated to transforming commercial property and casualty (P&C) insurance for brokers and small business owners, has announced two key leadership appointments: Joe Barneson as Head of Engineering and Eric Bloedorn as Head of Data & Technical Product. Barneson, an accomplished engineering and product executive with over 15 years of […]

Reask, a climate and catastrophe risk assessor, has successfully completed a $4 million funding round, led by the InsuResilience Investment Fund Private Equity II (IIF II), managed by BlueOrchard Finance Ltd. Reask specialises in delivering precise, event-driven data on tropical cyclones, with plans to expand into other perils. Its proprietary datasets are grounded in dynamic […]

Global reinsurer Swiss Re has nominated Morten Hübbe and George Quinn for election as new, non-executive and independent members of the Board for a one-year term, ahead of its annual general meeting (AGM) 2025. Additionally, Swiss Re has confirmed that Philip Ryan and Sir Paul Tucker will not stand for re-election at the AGM. The […]

Hamilton Global Specialty, an underwriting platform of Bermuda-domiciled Hamilton Insurance Group, has promoted Sinead Cormican to Active Underwriter of Syndicate 4000, reporting to Miles Osorio, who will continue in his role as Chief Underwriting Officer, Hamilton Global Specialty. At the same time, Sukh Chana and Mark Johnson have been named joint Deputy Active Underwriters. Chana […]

Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed Rodrigo Botti as Treaty Country Head of Brazil, based in Sao Paulo, joining the Lockton Re Latin America & Caribbean (LAC) team. Most recently, Botti served as Vice President, Chief Financial Officer, and Chief Actuarial, Technology Officer at IRB Re. He was also […]

The Travelers Companies, Inc. (NYSE: TRV), a provider of property and casualty insurance, has released its Q4 2024 Cyber Threat Report, revealing a notable surge in ransomware activity. The report, based on data gathered from ransomware leak sites, highlights an increase in the number of organisations targeted by ransomware groups last quarter. These groups employed […]

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 […]

Markel, the insurance division of Markel Group Inc., has announced the promotion of Nan Fine to Managing Director, Casualty, Southeast Region at Markel Specialty, and the appointment of Hillary Warren as Manager, Commercial Wholesale Excess Casualty, Southeast Region. These appointments strengthen the alignment of Markel Specialty’s Excess Casualty team in the Southeast region. In her […]

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 […]

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 […]