Month: January 2026

Moody’s Ratings maintains its stable outlook for the global property and casualty (P&C) insurance industry in 2026, with the rating agency expecting insurers to continue to generate good profitability and strong capital strength amid weak global economic growth. The ratings agency revised the sector’s outlook to stable from negative in December 2024, citing improvements in…

Sompo, a global property, casualty, specialty insurance and reinsurance provider, has appointed Zhao Haixia as Asia Pacific Reinsurance President and Global Specialty Insurance Chief Underwriting Officer. Zhao brings more than two decades of re/insurance industry experience to the position. She joined Sompo in May 2018 as Senior Vice President and Senior Actuary, supporting the international…

Global re/insurance brokerage group Gallagher has announced the integration of the AssuredPartners aerospace and aerospace team into its global aerospace business, creating a global unit of nearly 600 dedicated risk professionals. The integration creates a combined U.S. team of 190 aerospace colleagues across 10 locations. Eric Barfield, who previously led AssuredPartners’ aerospace business, has been…

Fintech and insurance platform OneNexus has formed a strategic partnership with North American guarantee provider The Travelers Companies, Inc. to establish a new guarantee program designed specifically for the energy industry. Through the partnership, Travelers, a U.S. Treasury-listed surety company, will offer covered bonds backed by a long-term financing platform developed by OneNexus. The program…

Sean McGovern, currently head of AXA XL’s insurance business in the UK and Lloyd’s markets, has become the new chairman of the Lloyd’s Markets Association (LMA) for a three-year term, succeeding outgoing chairman Andrew Brooks. McGovern serves as chief executive of UK & Lloyd’s and a director of its managing agent, AXA XL Underwriting Agencies…

Imala Re, a Latin American and Caribbean property, automotive and maritime treaty reinsurance MGA operating through Fidelis Partnership’s Pine Walk platform, has announced the appointment of Edward Herrera as deputy chief underwriting officer. In September 2025, Pine Walk, a professional MGA platform and a wholly-owned subsidiary of The Fidelis Partnership (TFP), announced the launch of…

Aon said in its January 2026 Reinsurance Market Dynamics report that insurers will return to the market post-renewal to take advantage of favorable conditions and explore additional protections to reduce earnings volatility, including integrated products and structured solutions. Insurers are currently in the driver’s seat, the company said. Those who take a strategic approach to…

Advanced Technology Assurance Limited (ATA) has appointed Loren Nickel and Brian Warren to its board of directors, subject to customary regulatory approvals. The two parties will promote ATA as the property and casualty insurance partner for small, mid-sized and large businesses around the world that own, operate, develop or manufacture advanced technologies in all sectors…

Peter Zaffino, president and CEO of global insurance company American International Group (AIG), has informed the company’s board of directors that he plans to transition to executive chairman of AIG and retire as CEO in mid-2026, with Aon’s Eric Andersen named as his successor. Most recently, Anderson served as a member of the executive committee…

Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, announced the appointment of David Saillen as Chief Underwriting Officer (CUO) Europe. Saillen succeeds Pierre-Edouard Fraigneau, who was appointed President Europe in July 2025, effective September 1, after five years at CUO Europe. Fraigneau retains legal and regulatory responsibility in relation to Liberty Mutual…