Businesses are experiencing rising business interruption losses as concentrated production, fragile supply chains, geopolitical tensions, inflation and growing technology dependencies increase the impact of disruptions.
El Niño in 2026 is expected to create significant shifts in catastrophe risk across several regions. A new study by Moody's says insurers and reinsurers need to account for its effects across multiple perils.
Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
HDI Global has launched Global Healthcare Solutions, expanding its established German medical malpractice business into an international offering for healthcare providers and care organisations. To lead the business, the company has appointed Mr Colin Lavey as Head of Global Healthcare Solutions.
Zurich Insurance Group has acquired Beazley, to create the world's largest specialty insurance business.
Following Mr Tomas Kunzmann's appointment to the Allianz SE Board of Management, Allianz Group has announced Mr Philipp Kroetz as the new CEO of Allianz Partners.
Barbados-based reinsurer Active Capital Reinsurance (Active Re) has announced AM Best's affirmation of its Financial Strength Rating (FSR) of 'A' (Excellent) and its Long-Term Issuer Credit Rating (Long-Term ICR) of 'a' (Excellent). The outlook for these ratings is stable.
Everest Group has promoted Ms Nandini Mani to the role of Senior Vice President, Group Chief Claims Officer.