AM Best says Aspen acquisition could have “material benefits” for Sompo
Credit ratings agency AM Best has placed the Financial Strength Rating (FSR) of Sompo Japan Insurance Inc. and its subsidiaries under review with positive implications, citing potential “material benefits in Sompo group’s business profile following the acquisition of Aspen.” It…
Will the Pensions Commission fix pension under-saving?
The government has revived the Pensions Commission – but will it deliver the bold reforms needed to tackle under-saving and secure retirement incomes?
Westfield Specialty International names Melanie Gilbert as Head of Third Party Claims
Westfield Specialty International, a specialty insurance provider, has strengthened its claims leadership with the appointment of Melanie Gilbert as Head of Third Party Claims. Based in London, Gilbert will report to Katie MacGregor, Director of Operations (interim) and Head of…
The Hartford hires Stojanovic as head of Enterprise Strategy
US-based insurer The Hartford has announced the appointment of Vladimir Stojanovic for the newly created role of head of Enterprise Strategy, effective 3 September. In his new role, Stojanovic will oversee trend analysis and competitive intelligence to identify emerging opportunities…
Insurance Advisory Partners names Rinki Melwani as partner
Insurance Advisory Partners (IAP), a boutique investment banking firm specialising in the insurance sector, has appointed Rinki Melwani as partner, effective 25th August, subject to regulatory approval. Based at IAP’s Lime Street office in London, Melwani will work alongside UK…
Willis strengthens commitment to Japanese insurance market
Insurance broker Willis, a WTW business, has significantly expanded its Japanese Corporate Risk & Broking team, emphasising its commitment to the Japanese market. For the first nine months of 2025, Willis has hired 22 new professionals across its business, including…
Milliman reports July pension buyout trends, slight cost decline amid rising competitive gaps
Milliman, Inc., a consulting and actuarial firm, has released the latest update from its Milliman Pension Buyout Index (MPBI). In July, the estimated cost of transferring retiree pension obligations to an insurer through competitive bidding edged down slightly, from 100.2%…
QBE names Geisler as CEO of South Asia and Bethell as Head of Partnerships, Asia
Australian insurer QBE has appointed Stephen Geisler as Chief Executive Officer (CEO) of South Asia and Ross Bethell as Head of Partnerships for its Asia business. The pair will be based in Singapore and report to Rob Kosova, CEO of…
Africa Re reports resilient underwriting performance with CoR of 89.18% in H1’25
The African Reinsurance Corporation (Africa Re) reported a solid net underwriting result of $54.35 million for the first half of 2025, with a combined ratio of 89.18%, up from 87.54% in the same period a year prior. The company noted…
Miller names Paul Cumberland Chief Broking Officer
Independent specialist re/insurance broker Miller has announced the appointment of Paul Cumberland as Chief Broking Officer, a newly created global role. In his new role, Cumberland will report directly to James Hands, Group CEO. He will leverage his 25 years…