All articles by vidhya munnangi

vidhya munnangi

AXA XL appoints new regional CEO for Asia 

Sylvie Gleises will succeed Gilles Fromageot, who has moved on to become the CEO of AXA Morocco and CIMA.  

Hub International purchases MIV Insurance  

MIV Insurance is an independent company based in California’s Napa Valley and has offices in Saint Helena and Napa.  

SCOR Q4 2024 net income climbs to $249.4m 

SCOR’s net income for FY24 was €4m ($4.32m), a 99.5% decrease from €812m in 2023. 

MAPFRE RE and CyberCube partner to address cyber risk 

The move is aimed at enhancing MAPFRE RE’s position in the cyber insurance market and meeting the demand for such coverage. 

Insurtech company CoverForce raises $13m in Series A financing 

CoverForce will use the funds to expand platform capabilities, onboard more carriers and distributors, and invest in AI tools.  

CCIG buys US insurance broker Carver & Associates  

Carver & Associates offers personal and commercial coverage, with CCIG said to offer its clients expanded carrier access.  

Brookfield to foray into UK bulk annuity market 

This move follows an approval process by the PRA and FCA. 

W. R. Berkley unveils Berkley Embedded Solutions 

Stephanie Lloyd, with 20 years of experience in the P&C sector, will lead the new business as president. 

Magma forges motor insurance alliance with Hyundai India  

HIIB will provide Magma’s motor insurance offerings for both private and commercial passenger vehicles at more than 600 dealerships.  

Global Indemnity hires president/CEO for Penn-America Underwriters unit 

Praveen K. Reddy latterly worked as global president and COO at Innovisk Capital Partners.