Miller has appointed Mr Guy Pierpoint to its marine team in a leadership role focusing on business development.
According to the report titled "Deepfakes in the Financial Sector: Understanding the Threats, Managing the Risks", published by the Financial Services Information Sharing and Analysis Center (FS-ISAC), the word 'deepfake' is a portmanteau of the words 'deep learning' and 'fake'. It also defined deepfakes as "synthetic media produced by GenAI".
London-based Oak Reinsurance (OAK Re), a global reinsurance company, has announced that its Lloyd's Syndicate 2843 has received permission to underwrite business incepting from 1 January 2025. This follows the approval in principle that was received in September 2024.
Life insurance remains a good source of diversification for large global reinsurers, says AM Best.
Despite economic headwinds, insurance CEOs are confident that they will be able to grow their business over the next three years - both in terms of earnings and headcount, according to a report released by the global professional services firm, KPMG.
The United Nations-convened Forum for Insurance Transition to Net Zero (FIT) has launched the first-ever global guide on transition plans for insurance companies at the 2024 UN Climate Change Conference (COP29) in Baku, Azerbaijan.
The Supervisory Board of Rückversicherung (Deutsche Rück) has appointed Mr Achim Bosch as CEO, effective 1 July 2025. He succeeds Mr Frank Schaar.
The Supervisory Board of Deutsche Ruckversicherung AG (Deutsche Ruck) has appointed Mr Achim Bosch (59) as the company's new CEO from 1 July 2025
The life insurance industry is "undergoing a profound transformation driven by an unpredictable world and the rapid evolution of intelligent technologies", according to a report, "Life Insurance x AI", published by Eliot Partnership and Snowflake.
India is expected to outperform all major emerging markets in terms of non-life insurance premium growth in 2025-2026, according to Swiss Re Institute (SRI) in a new sigma report.