Mereo becomes newest full member of ABIR
Mereo Insurance Limited has joined the Bermuda Association of Insurers and Reinsurers (ABIR) as its newest full member. Founded in 1993, ABIR represents Bermuda’s leading commercial insurers and reinsurers, and its member companies are among the island’s largest economic contributors, supporting thousands of jobs, investing in local talent development, working extensively with Bermuda charities and…
Marsh welcomes PRA’s proposal for captive insurance regulations in the UK
Risk advisory, insurance broking and reinsurance services company Marsh welcomes the recently announced consultation by the Financial Conduct Authority and the Prudential Regulation Authority on the introduction of a UK captive insurance regime. “This consultation is an important milestone for the UK insurance market and, if conducted in a competitive and proportionate manner, could strengthen…
QBE hires Alistair Nappin from Munich Re as Head of Outward Reinsurance for International arm
Commercial insurer QBE has hired Munich Re’s Alistair Nappin as its new head of outward reinsurance for its international division in London. Nappin will join QBE next year, subject to regulatory approval, and will report to Stephanie Cryer, chief underwriting officer of QBE International, and will be responsible for the company’s reinsurance strategy in the…
The Hanover names Lavey as CEO elect, Roche to retire at year-end
Property and casualty insurance company Hanover Insurance Group, Inc. has named Richard W. Lavey, currently chief operating officer (COO) and president of Hanover Agency Markets, as CEO-designate, and John C. Roche announced his intention to retire on December 31, 2026. Roche, who has a 40-year career in the insurance industry, currently serves as the company’s…
AM Best upgrades Worldwide Re’s credit ratings
Credit rating agency AM Best has upgraded Worldwide Re’s Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and its long-term issuer credit rating (Long-Term ICR) to “bbb” (Good) from “bbb-” (Good). Meanwhile, AM Best has revised Trinidad and Tobago Reinsurance’s FSR outlook to stable from positive, while its long-term ICR outlook is positive….
Arch Insurance NA appoints Nora Deveau as Chief Claims Officer
Arch Insurance North America, a division of Arch Capital Group Ltd., announced the appointment of Nora Deveau as chief claims officer, effective August 1, 2026. Deveau succeeds Patrick Nails, who is retiring after 22 years with Arch Insurance. Nails joined Arch in 2004 and moved to the claims department in 2018. Matt Shulman, CEO of…
Howden Re appoints Jay Sogliuzzo as MD, Head of NA Marine, Energy & Terror Specialty Treaty
Reinsurance broker Howden Re has announced the appointment of Jay Sogliuzzo as managing director, head of North American marine, energy and terror specialty treaties. Sogliuzzo brings 14 years of underwriting experience covering upstream energy, oceangoing marine and inland marine and has developed relationships with clients and underwriters across North America. He joins Howden Re from…
Aviva and ONYX Insight partner to improve wind turbine risk management
Aviva’s global risk management solution has partnered with ONYX Insight, a global provider of predictive analytics for the wind industry, to provide wind asset owners and operators with tools to help reduce operational and insurance risks while optimizing asset lifecycles. Enhancing and maintaining turbine performance is one of the most significant operating costs owners and…
Price Forbes strengthens multinational property leadership with Darren Ting
Specialist insurance and reinsurance broker Price Forbes has announced the appointment of Darren Ting as managing director of multinational real estate and heavy industry, effective June 2027. In his new role, Ding will lead the development and expansion of Price Forbes’ new multinational real estate and heavy industrial proposition. He will be based in London…
Reinsurers to remain the backbone of insurers’ ability to transfer cyber risk, says S&P
As cyber risks increase and rates fall, pushing the cyber insurance market to a critical crossroads, reinsurers will remain the backbone of the industry’s ability to transfer cyber risk. That’s according to a recent report from S&P Global Ratings, which noted that the reinsurance market will become a major absorber of cyber accumulation risk as…
