Month: January 2026

The cyber market is benefiting from ample capacity for reinsurance renewals on January 1, 2026, at levels well above those seen just a few years ago, according to reinsurance broker Gallagher Re’s 1st View Renewals report. Ian Newman, global head of cyber, and Jennifer Braney, head of international cyber, said that while the underlying cyber…

Global property, casualty, specialty insurance and reinsurance provider Sompo has appointed Christian Silies as President of European Reinsurance. Silies has over twenty years of industry experience, with expertise spanning the professional, marine and energy sectors. He joined Sompo in March 2022 as global head of marine and energy, most recently as president of the Zurich…

Ryan Spettigue has joined AIG as the company’s new head of Australian client and brokerage operations. Spettigue joins AIG from Chubb, where he held a number of senior underwriting positions. He joined Chubb in 2014 as a casualty underwriter and subsequently became a workers’ compensation manager in Hong Kong and later a senior casualty underwriter…

The Baldwin Group, an independent insurance brokerage and advisory firm, and the CAC Group, a national middle-market insurance brokerage and advisory firm, consisting of CAC Specialty and CAC Agency, have completed their previously announced merger for a total advance of $1.026 billion. All told, the merger is expected to create one of the largest independent…

Guy Carpenter Experts from Asia Pacific share their insights into reinsurance renewals on 1 January 2026, highlighting the region’s good performance this year with below-average catastrophe losses. Asia Pacific CEO Tony Gallagher noted that over the past three years Guy Carpenter has seen growing interest in growing market share in the region, supported by a…

Property and casualty insurance provider The Travelers Companies, Inc. has completed the sale of Travelers Canada’s personal lines business and most of its commercial lines business to Definity Financial Corporation for approximately C$2.4 billion. The sale was initially announced in May 2025. Travelers retains its primary Canadian guarantee business. Travelers will use approximately $700 million…

ERGO Group, the main insurance arm of global reinsurer Munich Re, has completed the previously announced acquisition of ADB Gjensidige, the former Lithuanian subsidiary of Norwegian non-life insurance company Gjensidige Forsikring ASA, including its branches in Estonia and Latvia. The announcement was made by ERGO International AG, the division that manages the group’s international business…

Africa Specialty Risks (ASR), the re/insurance group specializing in Africa and the Middle East, has announced the renewal of its contract with Baobab, the first Lloyd’s syndicate specializing in Africa, with underwriting capacity of up to US$26 million per risk. Launched on January 1, 2025, the Baobab Consortium is led by ASR Syndicate 2454, which…

Skyward Specialty Insurance Group, Inc., a property and casualty (P&C) specialty insurance company, has completed its acquisition of Apollo Group Holdings Limited, a Lloyd’s specialty insurance company, on previously agreed terms. Launched in 2009, Apollo is a US-focused specialty underwriting platform operating out of Lloyd’s of London. Its product offerings span property, casualty, marine, energy…

The board of directors of global insurance and reinsurance brokerage group Aon has approved the extension of the employment agreement of President and Chief Executive Officer (CEO) Greg Case until December 31, 2030. Case, who has been with the brokerage giant for more than 21 years, joined the company in April 2005 as president and…