The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced the promotion of Sinéad Cunningham to Head of Space. Cunningham brings five years of industry experience to the role. She joined TFP in June 2021 as an Underwriting Assistant and was promoted to Underwriter in March 2024. She began her career at Bermuda-based […]
News
Most insurance leaders say industry isn’t adapting fast enough to climate risk: ZestyAI
A new ZestyAI survey finds that the insurance industry is falling behind in preparing for climate-driven risks, with 61% of executives saying the sector is not adapting quickly enough, even as natural disasters become more frequent, severe, and costly. ZestyAI recently released its 2025 State of Property Insurance survey, which includes insights from more than […]
Parametric re/insurer NormanMax appoints Nick Griffiths as Chief Revenue Officer
US based parametric insurer and reinsurer, NormanMax Insurance Holdings, has appointed experienced reinsurance and retrocession broker, Nick Griffiths, as its new Chief Revenue Officer. As reported by our sister publication, Artemis, Griffiths will work across all of NormanMax’s platforms, bringing his more than 27 years of industry experience to the firm as it continues to […]
Strong profits continue for US workers’ comp despite pricing cuts: AM Best
The U.S. workers’ compensation line of coverage remains a key driver of the profitability of property/casualty insurance, although economic uncertainty may lead to some short-to-medium-term turbulence for insurers, according to a recent AM Best report. With a combined ratio of 88.8 in 2024, the lowest among the major P&C lines of business, U.S. workers’ compensation […]
HSB to protect small businesses with new cyber insurance & incident response solution
HSB, a specialist engineering and technology insurer, has announced the launch of HSB CyberPro, a cyber insurance and incident response solution designed for micro and small businesses in the UK and Ireland with revenues of up to £10 million. Despite a rise in cyber security awareness among businesses, a recent HSB survey revealed significant preparedness […]
HDI Global deploys advanced digital tool to transform nat cat risk analysis
HDI Global, a commercial and specialty lines insurer, has announced the roll out of HDI ARGOS 4.0 (Accumulation Risk Geospatial Online System), an advanced digital risk management service for its clients. This NatCat assessment tool, created in response to the increasing frequency and severity of natural catastrophes driven by climate change, will enable companies to […]
Nudo becomes US casualty segment leader of Aon Reinsurance Solutions
Aon, the global re/insurance broking group, has announced that it has appointed Nick Nudo as U.S. casualty segment leader of the firm’s Reinsurance Solutions business. Nudo joined the broker in 2024 as Senior Managing Director of Reinsurance for Chicago. Overall, he brings more than 20 years of re/insurance industry expertise across broking, underwriting and product […]
American Integrity Insurance introduces commercial residential property programme in Florida
American Integrity Insurance Group, Inc., a property insurance provider in the Southeast, has announced the launch of its new Commercial Residential Property Programme. The initiative is designed to offer comprehensive protection for condominium associations, townhome associations, and homeowners associations throughout Florida. This expansion into commercial lines comes on the heels of the company’s successful Initial […]
Blackstone appoints Kimberly Kim as Head of APAC Insurance Institutional Client Solutions
Blackstone, the alternative asset manager, has announced the appointment of Kimberly Kim as Senior Managing Director and Head of APAC Insurance Institutional Client Solutions for Blackstone Credit & Insurance (BXCI). This newly created role supports the continued expansion of BXCI in the APAC region. Kim brings more than 20 years of experience in the APAC […]
9 in 10 businesses interested in insurance for Gen-AI-related risks: GA
Over 90% of businesses worldwide have expressed interest in insurance coverage for Generative AI (Gen AI) risks, with two-thirds willing to pay at least 10% higher premiums for such coverage, according to a new report by the Geneva Association. The Geneva Association surveyed 600 corporate insurance decision-makers across China, France, Germany, Japan, the UK, and […]