AI-powered digital insurance company Lemonade has named Geoff Seeley, Chief Marketing Officer of PayPal, to its Board of Directors. Along with Seeley, Lemonade’s current board of directors is now composed of Lemonade co-founders Daniel Schreiber and Shai Wininger, Michael Eisenberg, Deb Schwartz, Dr. Samer Haj-Yehia, and Maria Angelidou-Smith. Before joining PayPal, Seeley was Global Chief…

Financial services provider Nascent Group has made a strategic investment in Sephira Risk Solutions, a European-based global risk and actuarial consulting firm. According to Nascent, this investment establishes a partnership between the two firms to deliver actuarial services to clients seamlessly. As part of the transaction, Andre Perez, who launched Nascent in 2023, will join…

Oneglobal Broking, an independent Lloyd’s broker backed by JC Flowers, has announced the acquisition of Life and Annuity Services, a Bermuda-based specialist. The acquisition, which is subject to regulatory approval, marks a key milestone in Oneglobal’s effort to expand its capabilities and diversify its offerings. The move will enable Oneglobal to provide a more comprehensive…

Developing markets-focused re/insurance group Africa Specialty Risks (ASR) has appointed Tunu Sokiri as Chief Operations Officer, overseeing all operational and technology functions across the firm. In particular, he will lead the transformation and growth of ASR’s infrastructure, data, AI, and digital strategy. Tunu will also oversee ASR’s claims function, ensuring it “continues to deliver seamless…

MSIG USA, a provider of specialty commercial insurance, has appointed Erika Shalette as General Counsel, reporting to Kent Ziegler, the firm’s Chief Financial Officer and Chief Administrative Officer. In her new role, she will oversee all legal and compliance matters for MSIG USA, guiding corporate governance practices, managing regulatory requirements, and supporting strategic initiatives that…

Advanced Driver-Assistance Systems (ADAS) are expected to have a significant impact on the auto insurance industry, driving near-term frequency changes to the sector, although, autonomous could have greater ramifications longer-term, according to a recent Evercore ISI. In a recent report, titled ‘US P&C Insurance: The ADAS Impact on Personal Auto Insurance’, Evercore suggests that the…

Financial advisory and asset management firm Lazard has announced the appointment of Cyrille Cotte as Managing Director and Head of Insurance for its European Financial Institutions Group (FIG). Based in London, Cotte will work across Europe with regional Co-Heads of Financial Services Coverage, Nick Millar and Corso Bavagnoli. He brings more than 20 years of…

Fitch Ratings expects that higher minimum equity thresholds for Indonesian insurers and reinsurers will accelerate market consolidation, as weaker insurers may seek additional capital to meet the tougher requirements or become acquisition targets. The first stage of the higher threshold takes effect at the end of 2026, with roughly 90% of Fitch-rated insurers already meeting…

MADA Insurance and Reinsurance Brokers Company has announced the appointment of Eman Mojali as its new Chief Executive Officer (CEO). Based in Manama, Bahrain, MADA Insurance and Reinsurance Brokers is a local intermediary with a team of experienced professionals, bringing over 30 years of combined expertise. The firm combines deep local market knowledge with access…

HDI Global, a commercial and specialty lines insurer, has announced the roll out of HDI ARGOS 4.0 (Accumulation Risk Geospatial Online System), an advanced digital risk management service for its clients. This NatCat assessment tool, created in response to the increasing frequency and severity of natural catastrophes driven by climate change, will enable companies to…