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…
The Hartford hires Stojanovic as head of Enterprise Strategy
US-based insurer The Hartford has announced the appointment of Vladimir Stojanovic for the newly created role of head of Enterprise Strategy, effective 3 September. In his new role, Stojanovic will oversee trend analysis and competitive intelligence to identify emerging opportunities…
Insurance Advisory Partners names Rinki Melwani as partner
Insurance Advisory Partners (IAP), a boutique investment banking firm specialising in the insurance sector, has appointed Rinki Melwani as partner, effective 25th August, subject to regulatory approval. Based at IAP’s Lime Street office in London, Melwani will work alongside UK…
Willis strengthens commitment to Japanese insurance market
Insurance broker Willis, a WTW business, has significantly expanded its Japanese Corporate Risk & Broking team, emphasising its commitment to the Japanese market. For the first nine months of 2025, Willis has hired 22 new professionals across its business, including…
Milliman reports July pension buyout trends, slight cost decline amid rising competitive gaps
Milliman, Inc., a consulting and actuarial firm, has released the latest update from its Milliman Pension Buyout Index (MPBI). In July, the estimated cost of transferring retiree pension obligations to an insurer through competitive bidding edged down slightly, from 100.2%…