New York, New York – April 10, 2025: The International Insurance Society (IIS) has named Paul Hanratty, Group CEO of Sanlam, the 2025 Vanguard Market Development Award honoree. Mr. Hanratty will be formally honored at an awards ceremony on Oct. 26, 2025, at the Swiss Re Centre for Global Dialogue in Rüschlikon, Switzerland. The ceremony will mark the opening of the Global Insurance Forum, which runs from Oct. 26-27, 2025.
Finding profitable growth is imperative for the world’s personal and commercial property and casualty insurers, while life carriers must adjust to changing consumer needs. In 2024, property and casualty insurers faced heavy losses from frequent and severe natural catastrophes. Insurance companies in these markets may consider surplus notes as a means to raise capital for regulatory, operational, or strategic needs without increasing the liabilities reported on their statutory financial statements. 10 Actions for CEOs on 2025 We are optimistic as we look forward to 2025. There is an urgency and momentum to change across the industry that has been building over several years, and we are excited to see it take shape. We are anticipating a wave of bolder organic and inorganic moves focused on driving growth, regaining relevance, and building resilience.
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