Global

Everest Promotes Voralia as CUO, Global Reinsurance; BHSI Appoints Spink as Head of Marine, Australasia

Life Insurance /
Aon Commercial Risk Promotes Smaje as Specialty Leader, Transportation & Logistics; MGA Optio Names Deloitte’s Hallett Head of Insurer Partnerships

This edition of International People Moves details appointments at Everest Reinsurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Everest Promotes Voralia as CUO, Global Reinsurance Everest Reinsurance, the reinsurance division of Everest Group Ltd., announced that Jiten Voralia has been named chief underwriting officer for Global Reinsurance, effective […]

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Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition

Health Insurance /
Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition

Fitch Ratings has revised its outlook for the global reinsurance sector to “deteriorating” for 2026 from “neutral” for 2025, reflecting its expectation that underlying operational and business conditions are likely to worsen, “although they will remain overall favorable for reinsurers worldwide.” “Abundant capacity and rising competition are likely to lead to gradual price erosion across

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Frequency Perils Helping to Boost Global Insured Losses to $152B, Verisk Report Says

Auto Insurance /
Frequency Perils Helping to Boost Global Insured Losses to $152B, Verisk Report Says

The average estimated annual insured property loss from natural events around the world has risen to $152 billion – up sharply from recent years – and much of that is from severe thunderstorms, winter storms, wildfires and floods, not large disasters, the data analytics firm Verisk said in a new report. “This year’s modeled losses

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Reinsurer appetite for catastrophe risk stabilises: S&P Global

Home Insurance /
Stable

As the market softens, the pace of growth has slowed and is now in line with general exposure trends       Related Stories Daily Digest: TMK on innovation in London, H&M market softening to ease, Using AI in claims Reinsurer appetite for cat risk stabilises: S&P Guy Carpenter names Goodman chief client and growth officer  

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Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access

Life Insurance /
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access

Sompo Holdings, a subsidiary of Sompo International Holdings, said it has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach outside of its home territory. Tokyo-based Sompo early this year announced the restructuring of its business into two segments—one being Sompo P&C, with James Shea appointed

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Miller Taps Howden’s Cumberland to Newly Created Role of Chief Broking Officer; HDI Global Promotes Tikhonov to Head of Marine Global Risk

Auto Insurance /
Miller Taps Howden’s Cumberland to Newly Created Role of Chief Broking Officer; HDI Global Promotes Tikhonov to Head of Marine Global Risk

This edition of International People Moves details appointments at the re/insurance broker Miller and insurer HDI Global. A summary of these new hires follows here. Miller Appoints Howden’s Cumberland to New Role of Chief Broking Officer Miller, the London-based independent specialist re/insurance broker, announced the appointment of Paul Cumberland as chief broking officer, a newly

Miller Taps Howden’s Cumberland to Newly Created Role of Chief Broking Officer; HDI Global Promotes Tikhonov to Head of Marine Global Risk Read More »

Want to Skip Airport Lines? The $22 Difference Between Global Entry and TSA PreCheck Could Save You Hours More

Investment Tips /
Want to Skip Airport Lines? The $22 Difference Between Global Entry and TSA PreCheck Could Save You Hours More

TSA PreCheck and Global Entry are trusted traveler programs under the Department of Homeland Security and can help make your travel days more enjoyable. They’re similar programs, but have some key differences that can help you decide which one is right for you and your adventures.  TSA PreCheck offers expedited security screening benefits for domestic

Want to Skip Airport Lines? The $22 Difference Between Global Entry and TSA PreCheck Could Save You Hours More Read More »