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Tim Banks to lead sales for Aon’s Investment practice

Global insurance and reinsurance broker Aon has announced Tim Banks has joined its UK Wealth practice as partner at a time when the company enters its next phase of growth across DB pensions, insurance and not-for-profit organisations.

Zywave adds benchmarking to Cyber Quoting for enhanced coverage insights

Insurtech provider Zywave has announced the addition of embedded benchmarking to its Cyber Quoting solution, enabling brokers to access industry data and loss information from similar organisations, providing their clients with enhanced insights into coverage limit adequacy and potential loss gaps.

Travelers sees Q2 net income soar to $534m despite elevated cat losses

The Travelers Companies, Inc. has reported a net income of $534 million for Q2 of 2024 despite an underwriting loss of $65 million driven by substantial cat losses of $1.5 billion, which were offset by net favourable prior year reserve development of $230 million and an investment income increase of 24%.