MSCI acquires climate risk data and analytics provider First Street
Global data analytics provider MSCI Inc. has acquired First Street, a provider of physically-based climate risk data and analytics for all properties globally, to strengthen its global physical climate risk capabilities. Transaction consideration includes a $120 million cash payment at closing, which is subject to customary closing adjustments, with the potential for additional cash payments…
HDI Global US appoints Shadi Albert as CEO as Jim Clark steps down
Corporate and specialty insurer HDI Global (HDI) has appointed Shadi Albert as Chief Executive Officer (CEO) of HDI Global US, effective July 13, 2026, in line with its new strategy Xcelerate29. HDI Global US CEO Jim Clark will resign effective immediately. To ensure a smooth leadership transition, effective immediately, Dr. York von Falkenhayn will serve…
HDI Global US names Shadi Albert as CEO as Jim Clark steps down
Corporate and specialty insurer HDI Global (HDI) has appointed Shadi Albert as Chief Executive Officer (CEO) of HDI Global US, effective July 13, 2026, in line with its new strategy Xcelerate29. HDI Global US CEO Jim Clark will resign effective immediately. To ensure a smooth leadership transition, effective immediately, Dr. York von Falkenhayn will serve…
Allianz Commercial reports insurance pressures amid rising geopolitical risk and shifting maritime losses
Allianz Commercial, the corporate insurance arm of Allianz Group, stressed that marine insurance companies are operating in an increasingly complex environment as global shipping, which accounts for about 90% of international trade volume, faces increasingly severe geopolitical and operational pressures. in its latest Safety and transportation reviewAllianz Business noted recent disruptions to major waterways, including…
RGA names Senan O’Loughlin as EVP, Head of the Americas
American Reinsurance Group Inc., a global life and health reinsurer, announced the appointment of Senan O’Loughlin as executive vice president and head of the Americas, effective June 22. As part of his new responsibilities, O’Loughlin will also become a member of the RGA’s Executive Committee. He will be responsible for the company’s Americas operations, overseeing…
RGA names Senan O’Loughlin as Executive Vice President, Head of the Americas
American Reinsurance Group Inc., a global life and health reinsurer, announced the appointment of Senan O’Loughlin as executive vice president and head of the Americas, effective June 22. As part of his new responsibilities, O’Loughlin will also become a member of the RGA’s Executive Committee. He will be responsible for the company’s Americas operations, overseeing…
Gallagher creates European carrier management head role as expansion continues
Gallagher has created the position of head of European carrier management to oversee the insurer’s partnership expansion in the region, with Harald Köberich, who joined through the 2024 acquisition of Germany’s Köberich Financial Lines, taking on the role while leading its European specialist unit. Köberich has more than 20 years of experience in the insurance…
Santam Syndicate 1918 names Gavin Coley as Head of Claims
Santam Syndicate 1918, the Lloyd’s division of Santam Group, Africa’s largest non-life insurance company, has appointed Gavin Coley as head of claims. Coley will be based in London and will report directly to Santam Syndicate 1918 Chief Financial Officer Rob Vetch. This appointment brings more than thirty years of insurance and reinsurance experience to Santam…
Ample capacity drives Florida Citizens’ 2026 risk transfer program amid strong cat bond demand
Final elements of Florida Citizens Property & Casualty Insurance Company’s 2026 risk transfer plan show that insurance-linked securities (ILS), catastrophe bond and mortgage markets continue to dominate the insurer’s protection purchases, with identifiable third-party capital supporting more than half of traditional reinsurance allocations and nearly 90% of overall reinsurance allocations. Two days ago, we reported…
Arch Insurance Australia appoints Fariha Neda as Northern Region Executive Assurance Underwriting Manager
Arch Insurance Australia (Arch), a subsidiary of Arch Capital Group and provider of specialist insurance products and services, has appointed Fariha Neda as Northern Region Executive Assurance Underwriting Manager with immediate effect. In this role, Neda will oversee underwriting activities across the Northern Region Executive Assurance portfolio, delivering a range of liability solutions including directors…
