Envelop Risk welcomes new hires in Bermuda and London
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has announced three new appointments: Michael Murdoch-Smith and JayLynn Hines, who will be based in Bermuda; and Sarah Kennerley, who will be based in London. Murdoch-Smith has been appointed senior vice…
Moody’s shifts reinsurance sector outlook to stable as market tilts toward buyers
Moody’s has changed its outlook on the global reinsurance sector to stable from positive, noting that pricing for property reinsurance is declining as the supply/demand balance shifts toward reinsurance buyers. According to Moody’s, abundant traditional market capacity and rising inflows…
Gallagher Re to enhance APAC footprint with acquisition of Steadfast Re
Global reinsurance broker Gallagher Re has further invested in the Asia Pacific region by agreeing to acquire Sydney, Australia-based reinsurance broking firm Steadfast Re Pty Limited. Terms of the deal, which is expected to close in the final quarter of…
Global reinsurance capital rises to new high of $805bn: Gallagher Re
At the halfway point of 2025, global reinsurance industry capital hit a new high of $805 billion, reflecting growth of 4.8% from the end of 2024, as the underlying return on equity (ROE) of a subset of 16 reinsurers reduced…
Bonjay Koo to lead Enterprise Client solutions for Aon South Korea
Aon, a global re/insurance broking group, has announced the appointment of Bonjay Koo as Enterprise Client Leader, Asia Pacific in South Korea. In his new Seoul-based role, Koo will be responsible for the delivery of integrated Risk Capital and Human…
ICEYE adds Earthquake with Fire Following to multi-peril change detection for re/insurers
ICEYE, a global leader in satellite-powered disaster management solutions, has expanded its multi-peril change detection portfolio with the launch of an Earthquake with Fire Following capability, initially available in California. The new solution builds on ICEYE’s proven rapid disaster impact…
AM Best says Aspen acquisition could have “material benefits” for Sompo
Credit ratings agency AM Best has placed the Financial Strength Rating (FSR) of Sompo Japan Insurance Inc. and its subsidiaries under review with positive implications, citing potential “material benefits in Sompo group’s business profile following the acquisition of Aspen.” It…
Will the Pensions Commission fix pension under-saving?
The government has revived the Pensions Commission – but will it deliver the bold reforms needed to tackle under-saving and secure retirement incomes?
Westfield Specialty International names Melanie Gilbert as Head of Third Party Claims
Westfield Specialty International, a specialty insurance provider, has strengthened its claims leadership with the appointment of Melanie Gilbert as Head of Third Party Claims. Based in London, Gilbert will report to Katie MacGregor, Director of Operations (interim) and Head of…