Mitsui Sumitomo to acquire Japanese W&I specialist MGA Time Machine

Financial lines rate reduction should bottom out as potential large losses loom: Frontier Global’s Joel Pridmore

Sector faces significant challenges, including major litigation such as class actions, regulatory scrutiny of Australian superannuation funds, cyber events, greenwashing, and the risk of under-reserving.

AIG hires Allison Emery in newly created Pacific delegated underwriting authority lead role

Sydney-based Emery joins the insurer from Lockton, where she was head of market management and key partnerships.

XL Insurance Company SE appoints Australian MGA Quay Marine Insurance as coverholder

Quay Marine can now underwrite commercial hull, marine liability, and cargo risks on behalf of XLICSE, which is part of Axa XL.

Delta revamps operational structure, appoints Dinesh Murali as New Zealand CUO

Kiwi MGA also hands underwriting operations manager Simone Batty a new role as general manager of portfolio and distribution.