Skyline Partners Ltd., a parametric outsourcing platform provider, has launched a joint project with the European Space Agency to utilise space assets and technology to efficiently provide parametric insurance products for drought and wildfire risks globally. The Business Applications and Space Solutions programme of the European Space Agency will be heading this programme with Skyline…
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…
Analysts at KBW have indicated that insurers should be able to navigate any challenges arising from the recently announced U.S. tariffs, with industry players likely having ample time to request rate increases, which state regulators are generally expected to approve. In what U.S. President Donald Trump described as the beginning of a “golden age” for…
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has promoted Greg Chambers and Caitlin Alpern within its Americas Cyber Insurance team. Chambers, who has 22 years of experience and has been with AXA XL for nearly a decade as both an underwriter and broker, has been appointed Head…
Morningstar DBRS, a provider of credit ratings, research, and risk analysis, highlights that global P&C reinsurers delivered strong profitability in 2024, driven by favourable underwriting conditions and solid investment income, but warns of potential challenges ahead amid market volatility, geopolitical risks, and natural catastrophe events. Morningstar DBRS has shared commentary on the global property and…
Global insurance and reinsurance broker Howden has appointed Brigitte Trafford to the newly created role of Group Chief Corporate Affairs Officer, effective immediately. In the role, Trafford will report directly to David Howden, the Chief Executive Officer, and join the Global Leadership Team. She will lead the broker’s brand and marketing, communications, PR, public affairs,…
Specialty insurance platform Vivere Partners has secured $7.5 million in Series A funding, led by General Catalyst, Pathlight Ventures and Greenlight Re, to drive strategic expansion. The funding will also be used to recruit top underwriting talent and develop advanced technology infrastructure. Founded by insurance and engineering experts, and led by Chris McKechnie and Sachith…
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana underwrites a global portfolio across Media Errors & Omissions (E&O), Tech E&O, Cyber, and Warranty & Indemnity insurance and is a leading media…
Global reinsurer Ariel Re has announced the appointment of Rohan Pai as Chief Financial Officer, effective April 1st, 2025. Based in Bermuda, Pai will oversee Ariel Re’s financial reporting and treasury functions, supporting the company’s growth and its commitment to being the Premier Manager of Reinsurance Risk. Pai brings nearly 25 years of industry experience…
Data analytics and technology provider Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). Verisk described NRMC as a SaaS platform fostering an open ecosystem where specialised model partners share models, hazard data, and analytics to help bridge the global insurance protection gap. Built on Open Standards,…