Newport Specialty Partners completes first acquisition with majority stake in Complex Coverage
Newport Specialty Partners, a recently launched specialty insurance platform backed by Lovell Minnick Partners, has completed a majority investment in Complex Coverage, Inc., a New York managing general agency specializing in homeowners and personal lines. Newport Specialty Partners is focused on developing a diversified managing general agency and specialty insurance distribution platform and is strategically…
Price Forbes appoints Malcolm Payton to senior leadership team
Specialist insurance and reinsurance broker Price Forbes has announced the appointment of Malcolm Payton to its senior leadership team, effective December 9, 2026. Payton will be based in London and will report to Specialty Broking CEO John Thompson. In his new role, he will work closely with the Price Forbes and Price Forbes Re leadership…
Optalitix partners with H.W. Kaufman to support London Market scaling through Burns & Wilcox
Optalitix, an insurtech company specializing in underwriting and pricing solutions, has announced a strategic partnership with global insurance organization HW Kaufman Group to assist in the expansion of its London market operations through its wholesale insurance brokerage and underwriting arm, Burns & Wilcox. The arrangement is designed to enhance the way commercial property products in…
Eric Andersen to become CEO of AIG on June 1st
The board of directors of global insurance company American International Group (AIG) has confirmed that Eric Andersen will serve as AIG’s president and chief executive officer (CEO) and join the company’s board of directors on June 1, 2026. It was revealed in January that Peter Zaffino would take over as executive chairman of AIG’s board,…
The Fidelis Partnership reaffirms commitment to the Middle East
Specialist insurance and reinsurance group Fidelis Partnership (TFP) has signaled its intention to deepen and expand its partnerships in the Middle East. Following a high-level management visit to the region, the reinsurer stressed that a continued physical presence is critical to navigate the region’s current economic and geopolitical volatility. TFP believes direct market dialogue is…
Thana Narayanan appointed CUO at Korean Re in Dubai
South Korea-based global reinsurer Korea Re has announced that Thana Narayanan has been appointed Chief Underwriting Officer (CUO) of its Dubai office. Narayanan brings a wealth of regional and industry experience to Korean Re, having been with the organization for more than eight years prior to this appointment. Most recently, he served as part-time regional…
Bermuda and US re/insurers maintain strong capital positions despite rising losses and softening market: Fitch
Global credit rating agency Fitch Ratings has issued a report examining a group of Bermuda and U.S. re/insurance companies, namely Arch Capital Group Ltd., Ascot Group Limited, Hamilton Insurance Group Ltd., RenaissanceRe Holdings Ltd. and SiriusPoint Ltd. Fitch Ratings noted in its report that the overall financial strength of the group remains solid despite differences…
Fathom Re appoints Mark Rex as Managing Partner
Fathom Reinsurance Partners, a Dallas, Texas-based reinsurance intermediary, announced the appointment of industry veteran Mark Rex as managing partner. Rex has nearly four decades of reinsurance industry experience, specializing in treaty and program brokerage in the property and casualty insurance space. His arrival is expected to significantly enhance Fathom Re’s client advisory capabilities, particularly in…
Kinsale Capital reports improved Q1’26 underwriting income
Kinsale Capital Group, Inc. reported underwriting revenue of $94.5 million and a combined ratio of 77.4% in the first quarter of 2026, compared to $67.5 million and 82.1% in the first quarter of 2025. The increase in underwriting revenue was driven by an increase in net premiums earned of $407 million compared to $366 million…
Beazley adds Sundeep Khera as Head of Marine
Major specialist insurer Beazley has appointed Sundeep Khera as head of maritime with effect from 21 April 2026, reporting to Tim Turner, group head of maritime, accident and political (MAP) risk. As part of MAP’s risk team, Khera will lead the ocean, energy, aeronautics and space teams. He is a veteran of the London market…
