Willis, a WTW business, has launched FinTech Plus, an insurance solution for FinTech firms navigating scale, complexity, and regulatory evolution globally. The unified solution aims to address the financial risk landscape, which includes options for comprehensive cyber protection, delivered through a single proposal form and wording to simplify the process and reduce friction. The solution […]
Candidates linked to Philippine ex-leader Rodrigo Duterte appear to have won election victories, including Duterte himself, despite him being detained for alleged crimes against humanity.
Reinsurance broker Gallagher Re has appointed Satoshi Yamazaki, who has worked in reinsurance hubs in London, Bermuda, Zurich, and Singapore, as a Senior Manager, based in Tokyo. Yamazaki joins the broker after almost eight years with reinsurer Swiss Re, where he most recently served as Senior Property Treaty Underwriter, Vice President, responsible for the technical […]
London’s Metropolitan Police say a man has been detained after fires at homes in London reportedly linked to Prime Minister Keir Starmer.
Hannover Re has reported a group net income of €480 million for Q1 2025, marking a 13.9% year-on-year decline, primarily driven by large losses in property and casualty reinsurance, which totalled €765 million and significantly exceeded the budgeted expectation of €435 million. The most substantial individual loss stemmed from the California wildfires, which cost Hannover Re […]
Reinsurance industry giant Munich Re has today reported a net result of €1.1 billion for the first quarter of 2025, despite losses from the Los Angeles, California wildfires in January of around €1.1 billion, which pushed the combined ratios for property and casualty (P&C) and Global Specialty Insurance (GSI) above target. The total California wildfire […]
HSBC Group has received approval from the Insurance Authority (IA) to set up a captive insurance company, Wayfoong (Asia) Limited, in Hong Kong, which has become the first captive insurer established in the city by a multinational enterprise. A captive insurer is designed primarily to cope with the multifarious perils borne by large business corporations with […]
AM Best, the credit rating agency, has reaffirmed its stable outlook for Chile’s insurance market, attributing its assessment to continued growth in premiums, consistent profitability, and a more robust regulatory framework. These findings are detailed in the company’s latest market segment analysis, “Market Segment Outlook: Chile Insurance.” According to the report, insurance penetration in Chile […]
This week on “Face the Nation,” South Dakota Gov. Kristi Noem kicks off her book tour after the viral excerpt about shooting a dog to death. Plus, Margaret Brennan speaks to Queen Rania al Abdullah of Jordan.
Ximena Arias Cristobal, who is in the country without authorization, was taken into ICE custody earlier this month after a traffic stop in Dalton, Georgia, where she lives with her family.
