Month: January 2026

AM Best said in a recent report that despite a tumultuous start to 2025, marked by devastating California wildfires and multiple severe convective storms, the U.S. property and casualty (P&C) insurance industry successfully recovered in the third quarter, driven by continued momentum in personal lines that successfully offset first-quarter losses. Direct loss rates for the…

OnRe, a global property and specialty reinsurer tokenized in ONyc, has partnered with Dubai-based managing general agent Rhodium Re to combine its capital base with Rhodium’s underwriting operations, providing OnRe with direct access to underwriting expertise, carrier relationships, and the ability to build a scalable distribution presence. OnRe, a fully licensed mortgage reinsurer and on-chain…

Global Parametrics, part of CelestPro Group, has partnered with rural social commerce platform Frontier Markets to launch gender-smart parametric insurance solutions in India. The product is designed to protect smallholder women farmers in four districts of Rajasthan and Uttar Pradesh. The plan covers excess moisture and drought risk during the current Rabi growing season (November…

Property and casualty insurer Great American Insurance Group has announced the appointment of Nattakorn Wattanaumphaipong as senior director of technical underwriting for its Singapore arm. In his new role, Wattanaumphaipong will oversee technical underwriting and portfolio management, executing underwriting strategies that support the Singapore branch’s business expansion plans. He will work with the Singapore CEO…

Specialist insurer PIC has completed a £213m full subscription from the trustees of the UK’s Siemens Healthcare Benefits Scheme, ensuring benefits for 703 pensioners and 967 deferred members and dependents. Siemens Healthineers provides medical devices and services powered by digital technology and artificial intelligence in more than 180 countries, including imaging, diagnostics, cancer care and…

Allianz Re, part of global insurer Allianz, has appointed Florian Steiner as head of capital and legacy solutions. In his new role, Steiner will oversee Allianz Re’s capital management and legacy and run-off activities in the property and casualty and life and health reinsurance areas. He will report to Allianz Chief Underwriting Officer. Steiner has…

Hiscox London Markets is strengthening its position in the authorized and alternative risk sectors with the launch of a new division, Hiscox Portfolio Solutions. The division will be comprised of four distinct but complementary teams: Alternative Risks, Beta-Follow, Global MGA and Structured Solutions. Written in the Hiscox London market since 2015, Alternative Risk selectively supports…

Specialist insurance provider CFC has announced the appointment of Nick Line as chief underwriting officer (CUO), succeeding Matt Taylor, who has served as interim CUO since February 2025. Line, who previously served as CUO of Markel International, brings extensive actuarial expertise and a track record of managing multi-billion pound investment portfolios to CFC. His ability…

Allianz Risk, part of the Allianz Group and a provider of insurance solutions and risk advisory to commercial and corporate clients, has released the Allianz Risk Barometer 2026, outlining the most significant risks expected to impact businesses around the world in the year ahead. Survey results indicate that cyber incidents remain a major concern for…

Commercial property and casualty insurer FM has announced a significant increase in its capabilities to support its global FM Intelium customers and the data and power generation industries, delivering unparalleled underwriting limits and risk management expertise. With nearly 200 years of engineering experience and partnerships with global enterprises, FM can now provide up to $5…