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Four leading development insurance parametric risk pools – Pacific Catastrophe Risk Insurance Company (PCRIC), African Risk Capabilities (ARC), Caribbean Catastrophe Risk Insurance Fund (CCRIF SPC) and South-East Asian Catastrophe Risk Insurance Fund (SEADRIF) – have agreed to study the feasibility of a shared risk financing and reinsurance platform aimed at strengthening climate risk protection in…
Swiss-based global reinsurance company MS Reinsurance (MS Re) has announced that its Group Chief Underwriting Officer (CUO) Charles Goldie will retire on April 1, 2026 and will be succeeded by Jörg Bruniecki, current CUO of Global Specialty Lines. Goldie retires after five years as the company’s CUO. He will continue to support the company as…
Global insurer Zurich has now reached an agreement to acquire London-based specialist insurer Beazley in an all-cash deal worth £8.1bn ($10.8bn), bringing together “two highly complementary businesses to create a global leader in specialist insurance”. The boards of directors of both companies have agreed to the terms of an all-cash tender offer proposed by Zurich…
Global life and health reinsurer Reinsurance Group of America (RGA) announced the appointment of Jayson Bronchetti as executive vice president of investments, effective March 2, 2026. Bronchetti will succeed Leslie Barbi, who has led RGA’s investment function since 2020 and will retire in 2026. In his new role, Bronchetti will provide global leadership for RGA’s…
Insurance and financial services company Canada Life has completed an £80 million buy-in deal with Safeway Pension Plan, protecting the future benefits of more than 350 deferred members and 1,450 pensioners. The Safeway Superannuation Scheme is sponsored by Safeway Stores Limited, a division of Morrisons Supermarkets Group. In this transaction, Aon served as lead broker…
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Robert Kell as ANZ account and distribution manager in Sydney. Kyle has experience in wealth management, insurance and reinsurance and has a proven track record of building high-value partnerships, strengthening distribution capabilities and delivering sustainable growth. Most recently, he served…
Elisabeth Braw, a senior fellow at Willis Research Network and the Atlantic Council, warns in a new report that “grey zone aggression” — ambiguous, deniable, strategically crafted tactics that fall somewhere between peace and war — has evolved into a significant threat to businesses. The report, titled “Hidden Threats, Real Impact: Gray Zone Aggression,” highlights…
International specialist reinsurance/insurance management general agent Rokstone has expanded its casualty capabilities with two senior appointments and the establishment of Rokstone Velocity, a specialized unit focused on underwriting complex risks arising from the digital economy. Rokstone Velocity was formed to address liability risks associated with autonomous and electric vehicles, advanced mobility providers, sharing economy platforms…
Fidelis Insurance Holdings, a strategic capital allocator and risk selector in the specialty insurance and reinsurance sector, has entered into a definitive agreement to repurchase all remaining ordinary shares held by CVC Falcon Holdings Limited (CVC) for an aggregate purchase price of US$163,346,230.00. According to the announcement, Fidelis agreed to repurchase 8,597,170 shares of common…
HIVE Underwriters, an independent specialist MGA, has expanded into the political violence and terrorism (PVT) insurance market with the hiring of Stuart Harmer as PVT collective underwriter. The move marks another step in HIVE’s evolution into a multi-category specialist MGA, strengthening its knowledge-led underwriting proposition. PVT’s expansion will be based on advanced technologies. HIVE accelerates…
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