Aon has announced the appointments of Raghav Arora, Prasanna Kumar, and Preeti D’Silva to its commercial risk sales division in India. Raghav Arora has been named Regional Head, Commercial Risk Sales – North, and Head, Asia Global Solutions at Aon India. Arora brings over 21 years of experience in institutional business development, key account management, … Read more
The Diot-Siaci Group, a specialist insurance and reinsurance broker and consulting group, has announced a major ownership restructuring, with Ardian, a private investment firm as lead financial shareholder. Following exclusive negotiations, both companies have signed a definitive agreement regarding the Group’s new ownership structure. The transaction will see Ardian significantly increase its stake in Diot-Siaci. … Read more
The overall property and casualty (P&C) industry continues to be negatively impacted by the US commercial auto insurance sector, having accumulated over $10 billion in net underwriting losses in the last two years, according to a new AM Best report. For the 14th consecutive year, the commercial auto insurance sector has generated an underwriting loss, … Read more
Chubb, a global insurer, has announced the appointment of Joe Gaspero as Senior Vice President, National Account Segment Leader of Major Accounts Excess Casualty, effective immediately. In his new role, Gaspero will oversee the growth and development of Chubb’s National Account portfolio for Excess Casualty business in the United States. He will be responsible for … Read more
In the last week of September, Southeast Asia and China were struck by Super Typhoon Ragasa, with economic losses expected to reach hundreds of millions of USD and insured losses potentially exceeding tens of millions, according to Aon’s Weekly Cat Report. Ragasa formed as a tropical low-pressure system in the Philippine Sea on September 16 … Read more
Amynta Group, an insurance services provider, has entered into a definitive agreement to acquire New Orleans-domiciled, commercial surety brokers Global Surety, LLC, International Sureties Limited and International Sureties SARL, collectively known as International Sureties. The transaction is expected to close in the fourth quarter of 2025 and is subject to regulatory approvals; however, the terms … Read more
ICW Group Insurance Companies, a group of property and casualty insurers, has appointed Jake Sokol as Head of Excess Casualty for its newly established specialty products business unit, ICW Specialty. The new business unit includes VerTerra Insurance, ICW Group’s Excess and Surplus lines carrier. In his new role, Sokol will provide strategic leadership and operational … Read more
DB Insurance Co., Ltd., the second largest non-life insurer in South Korea, is set to acquire 100% of the outstanding shares of The Fortegra Group, Inc., a US-based specialty insurer, for approximately $1.65 billion (approximately KRW 2.3 trillion) in cash, from Tiptree and Warburg Pincus. The takeover is expected to provide DB Insurance with a … Read more
New Energy Risk (NER), a specialist managing general underwriter and a wholly owned division of Paragon Insurance Group, has announced its first tax credit insurance transaction, in partnership with the tax insurance broker at Alliant Insurance Services. NER has bound its first tax credit insurance policy to support a utility-scale solar project in Texas. The … Read more
Bridgehaven Specialty UK Limited, a hybrid insurer in commercial and specialty lines, has joined the Association of British Insurers (ABI). Bridgehaven is an independent UK hybrid-fronting insurer that empowers managing general agents (MGAs) with long-term capacity while helping reinsurers achieve greater diversification. Representing more than 300 firms, the ABI works with UK governments, HM Treasury, … Read more
Davies, a professional services and technology provider for the insurance and highly regulated markets, has unveiled its new AI Underwriting Workbench platform to deliver faster, data-driven decisions. The platform strengthens Davies’ existing underwriting practice, helping clients optimise their approach and overcome common pain points of traditional systems of record, including multi-carrier discrepancies, disorganised collateral, and … Read more
(Images: TFL Studios, unless otherwise noted) Well, so much for the revived Acura ZDX name. 2025 has been another topsy-turvy year for the auto industry, and as we live through all this change, you’ll see the words “market conditions” thrown around a lot. Such is the case with Acura, which decided to officially kill off … Read more
Aon, the global insurance and reinsurance broker, has promoted Leon Walker as Captives Leader for Europe, the Middle East, and Asia (EMEA) effective January 1st, 2026. In his new role, Walker will drive strategy, transformation, and sustainable growth across Aon’s captives business in the EMEA region. He reports to Ciaran Healy, Global Captives Leader at … Read more
Canopius Group, a global specialty and Property & Casualty re/insurer, has announced the appointment of Norm Kimber as Credit & Political Risk Underwriter, effective in the first quarter of 2026. In his new role, Kimber will help strengthen Canopius’ Credit & Political Risk team and build deeper relationships with export credit agencies, multilateral organisations, and … Read more
Continuing its expansion into further perils and geographies, Arbol has launched a new parametric wildfire insurance product for commercial and residential properties in high-risk wildfire regions in the U.S., with coverage limits up to $10 million. The firm’s new wildfire parametric initiative, which will target California, Colorado, Arizona, and other Western states, is backed by … Read more
Ryan Specialty, an international specialty insurance firm, has launched Clach Casualty Underwriting Managers (Clach Casualty), a new managing general underwriter (MGU) focused on providing casualty insurance solutions for complex construction and habitational real estate risks. Clach Casualty began operations in September 2025, with its business exclusively distributed through U.S. wholesale brokers. It is part of … Read more
Toyota is refining its hot GR Corolla hatch for 2026, and adding something everyone loves: fake engine sound. By most accounts, the Toyota GR Corolla is a fantastic hot hatch — and part of a return to form for an automaker that spent way too long building humdrum cars. Seriously, if you’re looking at an … Read more
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best. The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings. AM Best noted that … Read more
Spanish insurer MAPFRE has announced an update to its innovation model, aiming to increase agility, encourage collaboration, and maximise the effectiveness of company initiatives. The new model, MAPFRE Innovación, is already operational and will serve as a strategic guide for the coming years. It is viewed as a tool to create business value, reduce risks, … Read more
Kingstone is on track to meet its full-year 2025 guidance, thanks to outstanding performance in the first half and continuing into the third quarter. This strong showing also positions the company for top-tier growth and profitability in 2026. For 2025, the property and casualty insurance holding company expects direct premiums written growth between 12% to … Read more