Recent

Asia

Aon appoints Neelay Patel as CEO of Malaysia

In his new role, Patel leads Aon’s business in Malaysia across Commercial Risk Solutions, Health Solutions, Talent Solutions and Wealth Solutions. He partners with regional solution line leaders to align priorities, strengthen execution and deliver integrated solutions that support clients in protecting and growing their businesses. Patel reports to Andrew Minnitt, Head of Southeast Asia, and will relocate from Singapore to Kuala Lumpur in the coming months.

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Product Launches

CFC Launches New Cyber Cover Extension to Protect SMEs from Supply Chain Disruption

CFC has launched a new extension to its flagship Cyber Proactive Response policy, designed to provide enhanced protection for small and medium enterprises facing financial losses linked to cyber-related supply chain disruption. The extension addresses contingent business interruption, such as loss of income resulting from a major customer cancelling orders following a cyber attack.

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Funding

Aviva Ventures Completes Strategic Investment in Indico Data to Accelerate AI-Driven Insurance Automation

Indico Data, a global leader in AI-powered automation for insurance operations, has announced a strategic investment from Aviva Ventures, the corporate venture capital arm of Aviva plc, one of the United Kingdom’s largest insurers. The investment strengthens Indico Data’s growing leadership in the London Market and supports its expanding adoption among global property and casualty carriers.

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Previsico Secures Series A Funding to Accelerate Global Growth

Previsico, the live flood alert insurtech, has announced the successful close of its Series A funding round. The investment includes participation from Connecticut Innovations (CI), Connecticut’s strategic venture capital arm, and BlueOrchard Finance Limited, a leading global impact investment manager and member of the Schroders Group. The round builds on earlier investment led by Burnt Island Ventures, with continued support from Foresight Capital.

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Thought Leadership

AIG Names Eric Andersen as Next CEO

Andersen will join AIG as president and CEO-elect effective Feb. 16, according to the company. He is expected to assume the CEO role and join AIG’s board on June 1, while Zaffino will transition to the role of executive chair, ensuring continuity during the leadership change.

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Acquisitions

MEMIC Completes Acquisition of The Dakota Group, Expands Workers’ Compensation Footprint

MEMIC, a leading workers’ compensation insurer, has announced the successful closing of its acquisition of The Dakota Group, including Risk Administration Services (RAS) and its affiliated service companies. This strategic move positions MEMIC as the third-largest multi-state workers’ compensation specialist in the United States, with estimated combined 2025 writings exceeding $600 million and coverage for more than 25,000 businesses nationwide. Both organizations hold an A (Excellent) rating from A.M. Best.

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Zurich submits improved proposal for Beazley

Zurich Insurance Group has submitted an improved proposal to acquire Beazley plc, offering 1,280 pence in cash per share, representing a premium of approximately 56% to Beazley’s closing share price on 16 January 2026, according to a company statement.

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The Baldwin Group Completes Acquisition of Capstone Group

The Baldwin Group has completed the acquisition of Capstone Group, a full-service, multi-line independent insurance brokerage firm headquartered in the Philadelphia area. The transaction further strengthens Baldwin’s position as a leading independent insurance brokerage and advisory firm serving personal and commercial clients across the United States.

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Leadership Changes

Aon appoints Neelay Patel as CEO of Malaysia

In his new role, Patel leads Aon’s business in Malaysia across Commercial Risk Solutions, Health Solutions, Talent Solutions and Wealth Solutions. He partners with regional solution line leaders to align priorities, strengthen execution and deliver integrated solutions that support clients in protecting and growing their businesses. Patel reports to Andrew Minnitt, Head of Southeast Asia, and will relocate from Singapore to Kuala Lumpur in the coming months.

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AXA UK Commercial appoints Caroline Dunn as Chief Underwriting Officer

AXA UK Commercial has announced the appointment of Caroline Dunn as Chief Underwriting Officer (CUO), with effect from 1 July 2026.

Dunn joins AXA UK Commercial from Zurich UK, where she most recently served as Chief Underwriting Officer. In that role, she led underwriting strategy with a strong emphasis on technical discipline, portfolio performance and sustainable growth. Prior to joining Zurich, she spent seven years at Lloyd’s of London in senior underwriting positions, where she was responsible for underwriting oversight and performance across the Lloyd’s market business.

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Technology

AI

Industry Trends

AI Regulation Divide Poses Growing Risks for Insurers, say Leaders

The UK and US collective decision not to sign a global AI declaration, underscores a growing division over international regulation and raises concerns about the emerging risks of unregulated AI, say insurance business leaders. Insurtech Insights gets the lowdown from Mark Kirby, Professional Services Director at Intersys Ltd. and Risto Rossar, Founder and CEO of Insly.

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