As economic and insurance exposures in high-risk regions are likely to increase with climate change, impacting banks’ and insurers’ ability to support clients, the Bank of England has updated its supervisory expectations to help guide these firms in managing climate-related financial risks. In recent years, the world has faced a number of natural disasters that […]
Willis, a WTW business, has integrated Moody’s detailed global flood data into its proprietary risk management tools, building upon its partnership with the company. In the past, Willis has incorporated Moody’s catastrophe models into its Property Quantified platform. This expanded partnership aligns with the pair’s shared vision to modernise risk management through advanced modelling and […]
Berkshire Hathaway’s Board of Directors has unanimously voted to appoint Greg Abel, Vice Chairman Non-Insurance Operations, as President and CEO, effective January 1, 2026, following a recommendation from Chairman and CEO Warren Buffett. Buffett, a renowned investor and longtime company leader, will remain Chairman of the Board of Directors. At the Berkshire Hathaway annual shareholders […]
Insurance and reinsurance broking group Gallagher has appointed Ian Picton to the newly created role of Head of Energy Transition. In the expanded role, he is responsible for supporting energy clients that already operate in the low-carbon and renewable energy space and those firms that are currently transitioning from traditional energy solutions. Picton will report […]
WTW, a global advisory, broking, and solutions firm, has appointed Steve Hutchinson as Head of Property & Casualty (P&C) for Hong Kong and Macau at Willis, a WTW business. Hutchinson brings over two decades of insurance market experience across London, Hong Kong, and Singapore. He joins Willis from Howden Insurance Brokers Limited, where he served […]
Renew Risk, a risk modelling and analytics firm, has launched two new earthquake and typhoon models for offshore wind farms in Japan. Specifically designed for Japan’s disaster-prone offshore wind sector, these are the first and only commercially available catastrophe models launched as the country focuses on expanding its wind power capacity as part of its […]
Due to growing membership in the Republic of Ireland, the Managing General Agents’ Association (MGAA) has strategically partnered with Sicsic Advisory to provide them with dedicated regulatory and risk insight. As an existing UK Supplier Member, Sicsic Advisory—a strategic regulatory and risk consultancy—will now offer tailored support to Irish-domiciled MGAA members. Sicsic Advisory will provide […]
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Eleanor Gibson as International Chief Underwriting Officer (CUO), effective May 6th, 2025. Based in London, Gibson will report to Rob Gibbs, President & CEO of SiriusPoint International, and Anthony Shapella, Group Chief Underwriting Officer. In her new role, she will provide strategic leadership to underwriting […]
From April 2, 2025—“Liberation Day,” when the US announced sweeping tariffs on European imports—through to the market close on April 9, European insurance stocks declined by 11%, broadly in line with the wider equity market. The move reflected wider investor unease around escalating trade tensions rather than any direct, material exposure to the tariffs themselves. […]
Specialist insurer Beazley has reported that its insurance written premiums reached $1.51 billion in Q1 2025, representing a 2% increase compared to the same period in 2024. Breaking down the Q1 2025 total, the Property Risks division contributed $482 million, Specialty Risks $461 million, MAP Risks $258 million, Cyber Risks $247 million, and the Digital […]
