Munich Re has announced the acquisition of Next Insurance, which will now operate under its primary insurance arm, Ergo.
Markel Group has enhanced its wholesale claims service with the appointments of Mr Daniel Thomas as marine technical claims lead, Ms Debbie Larkin as claims manager - energy, liability and terrorism, effective March 31, Ms Natalie Myhill as claims manager - financial institutions (FI) and Ms Rachel Tighe as claims manager - professional indemnity (PI).
Organisations that trade with counterparts in connector countries -- such as Vietnam, Mexico, South Korea and Hungary -- to circumvent existing or anticipated trade controls, or have suppliers doing the same, may be prone to greater trade policy-induced disruption in the months and years ahead, according to a new report.
A majority (71%) of financial services professionals participating in a recent survey expect the risk of financial crime to increase in 2025. The survey findings also highlight concerns among respondents around the use of AI, regulatory complexity, geopolitics and sanctions when it comes to the fight against fraud and financial crime.
Manulife has appointed Mr Phil Witherington as president and CEO of Manulife and Mr Steve Finch as president and CEO of Manulife Asia, Both appointments are effective 9 May 2025. Mr Finch also succeeds Mr Witherington.
J.S. Held has appointed Mr Jonathan Held as executive chairman to the board of directors. He intends to step down from the role of CEO.
bolttech has appointed Ms Ridhi Chaudhary to its board as a non-executive director. She is CIO of Dragon Fund by Liquidity and MUFG.
Markel Group has appointed Mr Simon Wilson as CEO of Markel Insurance, which consists of Markel Specialty, Markel International and Markel Global Reinsurance. He is currently president of Markel International.
Energy and natural resources companies have said that they face challenges getting the right insurance, according to Willis' "Global Clean Energy Survey 2025" released on 12 March.
AI is projected to contribute up to $1.1tn in annual value to the global insurance sector, with its positioning as a key driver of productivity and growth, according to Truong Hoang Phuc, FPT Software managing director of Global Insurance & Finance, FPT Corporation.