Specialty (re)insurance broker McGill and Partners has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of US$95 million, led by TMK

The exemption would allow Meta’s health and welfare benefit plan to establish an insurance contract with Prudential Life Insurance Company of America

Nicolas Denys will lead a team of pricing underwriters who work closely with the MAXIS network of local insurers, the MAXIS EU Underwriting Hub, as well as multinational clients

The downgrade reflects the continued capital support required for Lincoln Benefit’s captive reinsurer, Lancaster Re Captive Insurance Company, and the expected impact on its capital flexibility

Aon has signed an agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG), expanding its risk and health capabilities in Japan

Global reinsurance company Oak Re has received permission for its Lloyd’s Syndicate 2843 to underwrite business beginning on 1 January 2025

The firm has hired Bryan Salek and Angela Kirby as senior vice presidents to lead the new team

The Bermuda Monetary Authority licensed 10 new captive insurers between January and October 2024, reflecting Bermuda’s continued strength as a leading domicile for captive insurance

The Ireland-based captive is well-integrated within the Eni group’s risk management framework and maintains its active role in overseeing and containing the group’s insurance costs

Previously, Nina Hurley worked as a senior account executive at AIG, based in Burlington, Vermont

Warranty Solutions Group (WSG) has partnered with Strategic Risk Solutions (SRS) to launch WSG Guardian Insurance, a Guernsey-based captive offering regulated protection products

Technology emerges as a dominant concern, with AI, cyberthreats, and technological advancements identified as top risks both today and in the near future