All articles by Shubhendu Vimal
Shubhendu Vimal
AXA XL names new country manager for Austria and CSEE
Simon Schäfer, who will be based in Vienna, will replace Eduard Billovits.
Howden Re expands European footprint with new Dublin office
Alongside the office launch, the company has appointed David Carpenter as director of Howden Re Ireland.
Lloyd’s launches Hormuz marine war risk consortium with Chubb
Under the arrangement, up to $200m of capacity is available for hull and P&I risks, with a separate $200m dedicated to cargo.
Zurich warns data centre boom is outpacing insurance capacity – report
Kelly Kinzer, the company’s global head of construction and surety, told Bloomberg that securitisation products – which would channel data centre risk to a wider base of investors – do not yet exist in any meaningful form.
Everest and Stone Point launch Annapurna Re casualty sidecar
The vehicle is designed to deploy around $600m in third-party capital across a three-year underwriting period, channelling dedicated reinsurance capacity into Everest’s global casualty and specialty reinsurance portfolios.
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Zurich Insurance ties up with YAS to cover robots in Hong Kong
Zurich will develop tailored micro-insurance products for robots and incorporate the coverage within YAS’ robotics sales and service channels.
India to divest up to 5% in GIC through offer for sale
The share sale consists of an initial offer of up to 2% of GIC’s equity, along with a provision to sell a further 3% in the event of oversubscription.
Lockton posts 12% revenue growth, hits $4.5bn in FY26
According to the insurance brokerage, this is the sixth consecutive year in which it has achieved double-digit organic growth.
Apollo seeks Japan insurance licence amid regulatory hurdles – report
The US asset manager held discussions to acquire two subsidiaries of T&D Holdings as well as a life insurance unit belonging to Japanese investment firm Orix, with the latter talks described as being at an early stage.
NFP acquires Signature Personal Insurance assets
SPI, founded in 2004 by Roper DeGarmo, provides insurance cover for wealthy individuals and families with complex risk profiles, encompassing luxury properties, fine art and rare vehicles.