News
FCDO commits further £3m to Natural Disaster Fund facility
The additional funding will support 10 to 15 more risk transfer projects for climate-vulnerable countries through to 2030
Price Forbes builds MEA fac team with two senior hires
Facultative reinsurance hires Tarek Semaan and Anthony Abi Fadel join from Gallagher Re as Price Forbes expands its capabilities in Dubai
Synthetik: data centres need engineering-based PML approach for PVT risk
Synthetik Insurance Technologies has warned that traditional political violence and terrorism modelling may fail to capture the step change in loss severity facing data centres when blast effects move from external damage to internal structural impact
Gallagher Re: Florida reforms drive market softening amid quieter hurricane outlook
Reinsurance broker’s nat cat update said Florida buyers used a softer market to add protection, as the broker highlighted lower expected Atlantic hurricane activity and abundant mid-year capacity
LSM, ICEYE launch parametric wildfire cover using satellite data
Liberty and ICEYE have launched a building-level parametric wildfire solution in the US and Australia, using satellite data and automated damage assessment to support faster payouts after wildfire events
Willis Re appoints Ogilvie and Dart to specialty roles
Jonathan Ogilvie will lead non-marine specialties globally, while Chris Dart has been named head of treaty reinsurance in Bermuda
Aon names Dando chief broking officer for Global Broking Center
Steve Dando will set the broking strategy for Aon’s London-based wholesale and specialty broking business
Willis Re appoints Fletcher as Bermuda CEO
John Fletcher joins the reinsurance broker, previously at Guy Carpenter, where he led its Bermuda operations since 2018
BMS launches delegated authority and consortia team
Richard Wynn will lead the new cross-team unit, which will focus on broking and servicing Lloyd’s market consortia
Gallagher Re warns AI model evaluation is limiting insurer confidence
Current evaluation methods focus on performance rather than failure, creating challenges for insurers seeking to price AI risk, the broker said
Willis Re appoints Summers as global specialties CEO
Jim Summers joins from Guy Carpenter, where he was deputy CEO, global specialties, and global head of marine and energy specialty
Thofern to retire as Aon Reinsurance CEO for Germany
Jan-Oliver Thofern will step down at the start of 2027 after more than 30 years working at the reinsurance broker, with a succession process already underway
Africa’s investment future depends on understanding risk differently – ATIDI
CUO of ATIDI Benjamin Mugisha argues that Africa needs more accurate risk assessment, stronger risk mitigation tools and greater reinsurance confidence to unlock long-term private investment across infrastructure, energy and trade
Aviation insurance professionals rank geopolitics as sector’s biggest threat: IUAI survey
The IUAI study found geopolitical instability, US claims inflation and supply chain disruption are reshaping underwriting priorities across the aviation insurance market
AIO says Africa’s protection gap is also a data gap
The “Africa Insurance Pulse 2026” report argues that better data systems, shared standards and mobile-led ecosystems are needed to expand insurance across the continent
Jabsheh says India licence marks IGI expansion milestone
The Bermuda-based specialty re/insurer expects to open a GIFT City branch later this year, adding to its existing offices across Europe, the Middle East, North Africa and Asia
Friese succeeds Lee as Geneva Association chair
Aegon CEO Lard Friese has been appointed chair of the insurance research organisation, with Munich Re’s Christoph Jurecka and Liberty Mutual’s Tim Sweeney joining the board
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