Miller, the independent specialist re/insurance broker, has announced the appointment of three senior professionals to its newly established M&A and Strategic Solutions (MASS) team. The newly formed team will be led by Andrew Johnson and Edwina Charlton, both of whom bring extensive expertise in the M&A and insurance sectors. Joining them is Rupert Newman, who…
According to Firas Saleh, Director of Wildfire Models for North America at Moody’s, a credit rating agency and provider of financial analysis, the United States has already seen 7,112 wildfires in 2025—around a 37% increase over the 10-year average for the same period. This rise in wildfire activity is not a one-off event but part…
Global reinsurer Hannover Re has announced the promotions of Soeren Kruse, Niall Mulvey, and Raphael Rimelin within its Life & Health (L&H) division, led by Claude Chèvre and Brona Magee. Kruse has been named Head of L&H, Southern & Eastern Asia. He has been with Hannover Re for 11 years, holding various leadership roles, including…
Losses from the extremely damaging and costly Los Angeles, California wildfires have eroded “a good portion” of the annual deductible of Bermuda-based Lancashire’s aggregate reinsurance cover, the company has revealed. Last month, Lancashire announced estimated, aggregate net ultimate losses from the January 2025 wildfires in California of between $145 million and $165 million. The firm…
Toss Securities, a fast-growing South Korean investment platform, is transforming digital retail investing with a user-focused, data-driven approach. By leveraging technology, it empowers retail investors to expand into global capital markets.
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Liberty Mutual has reported a net income of $4.383 billion for 2024, up considerably from the $213 million recorded in 2023. Meanwhile, the firm’s total net written premium for 2024 was $44.963 billion, with Liberty Mutual’s US Retail Markets segment contributing $28.279 billion and its Global Risk Solutions segment adding $16.416 billion. Liberty Mutual reported…