Anne Marie Towle appointed CEO of Hylant Consulting
Hylant Group has appointed Anne Marie Towle CEO of Hylant Consulting.
Counterpart offering expanded AI coverage
Counterpart, a managing general underwriter, on Monday said it has introduced expanded affirmative artificial intelligence coverage and a new technology errors and omissions insuring agreement under its miscellaneous professional liability product.
Steel yourself against stealing
As you embark on your holiday shopping, you don’t want to lose your haul at the mall.
European regulator honored with IFNY award
The Insurance Federation of New York last week presented its annual Free Enterprise Award to Jesmond Gatt, chairman of the Malta Financial Services Authority.
Crawford CEO leaving for top job at Alight
Alight, a cloud-based employee benefits administration company, announced Monday it appointed Crawford CEO Rohit Verma as CEO and a board member effective Jan. 1.
Supreme Court declines bid to revive UBS whistleblower’s jury award
The U.S. Supreme Court declined on Monday to hear a bid by a former UBS bond strategist to revive a $2.6 million jury award in his lawsuit accusing the Swiss bank of unlawfully firing him for refusing to publish misleading research reports.
Sava’s nine-month profit jumps 36%
Slovenia-based Pozavarovalnica Sava dd posted a net profit of 84 million euros ($97 million) for the first nine months of 2025, up 36% from a year earlier, See News reported. The company said the increase was driven by more favorable weather and non-weather claims as well as strong revenue growth.
Tokio Marine warns of weaker international earnings
Japan-based Tokio Marine Holdings Inc. might report weaker earnings from its international business for the year ending March 2026 as currency depreciation, lower overseas interest rates and higher claims from the Los Angeles wildfires weigh on results, Insurance Asia reported. International profit has reached only 49% of the full-year plan, falling short of the usual […]
Floods cause hundreds of millions in damage
Officials estimate that days of heavy rain, flooding and landslides in Vietnam have caused hundreds of millions of dollars pounds in damage, BBC reported. The government said 186,000 homes were damaged and more than 3 million livestock were swept away, while sections of major motorways and train tracks were also blocked. Rainfall exceeded five […]
Groupama seeks $115M convective storm cat bond
France-based Groupama is seeking 100 million euros ($115 million) in fully collateralized convective storm reinsurance protection through a new catastrophe bond issuance, Artemis reported. This transaction marks the first catastrophe bond to solely cover severe convective storm peril since 2010 and will provide indemnity-triggered aggregate coverage against losses in France from January 2026 through the […]
India considers merging three state-owned carriers
The Finance Ministry of India is considering a proposal to merge state-owned The Oriental Insurance Company Ltd., National Insurance Company Ltd. and United India Insurance Company Ltd. into a single entity following their financial recovery, MoneyControl reports, citing Press Trust of India. The government previously shelved the plan in favor of a capital infusion of […]
Reinsurers bolster reserves during subdued cat period: Report
Despite the costly Los Angeles wildfires in January, the European reinsurance industry’s losses have fallen well below typical assumptions in the second and third quarters of this year, according to JPMorgan Chase & Co., Reinsurance News reported. Several firms, including France-based SCOR SE, Switzerland’s Swiss Re Ltd. and German firms Munich Re and Hannover Ruck […]
Marsh taps new regional energy and power head
Guy Bessis has been appointed chairman of energy and power for Marsh India, Middle East and Africa, Reinsurance News reported. He most recently served as global head of sales for the firm’s energy and power division and previously spent more than 30 years in the London market before moving to Dubai.
Tunisia’s insurance premiums rise 11%
Tunisia’s insurance industry recorded gross direct premiums of 3.1 billion Tunisian dinars ($1 billion) in the first nine months of 2025, an 11.5% increase from a year earlier, according to the General Insurance Committee, Middle East Insurance Review reported. Non-life premiums grew by less than 9% year on year but continued to account for 72% […]