Aon has appointed Mr Tom Langley-Poole and Mr Uday Tank as brokers in the Reinsurance Solutions Credit and Financial Risks team.
The short-term impact of the US-Israeli conflict with Iran on the credit quality of (re)insurers has been limited, according to AM Best. However, a prolonged conflict may have wider market implications.
Effective 1 April, Marsh has appointed Mr Nick Studer as President and CEO of Marsh Risk, and Mr Martin South as Chief Client Officer of Marsh. Both will serve on the company's Executive Committee.
Thailand's insurance regulator, the Office of the Insurance Commission (OIC), has held a meeting with the Bangkok Metropolitan Police Command to increase cooperation and enhance measures to prevent property crime in gold shops in Bangkok.
The insurance industry in Pakistan is holding consultations to reassess underwriting policies, review reinsurance arrangements and ensure insurers maintain adequate solvency levels, according to Mr Mohammad Raza, Non-Life Committee and Property Committee member of the Insurance Association of Pakistan (IAP).
The board of Al-Rajhi Company for Cooperative Insurance (Al Rajhi Takaful), among the top three Saudi insurers in terms of premiums, has proposed to increase in the capital of the company by granting bonus shares to the company's shareholders.
Prudential Financial's Japanese life insurance division has reported that several employees working through contracted agencies accessed and circulated internal operational information to colleagues within the company.
The global credit risk outlook is broadly unchanged since the last quarter with major uncertainties related to US tariffs and trade policy, the sustainability of benign market and funding conditions, geopolitical risks, and fiscal/economic policy volatility remaining, according to the latest report by Fitch Ratings.