AM Best revises outlook on Mexico’s insurance segment to negative
Credit ratings agency AM Best revised the outlook for Mexico’s insurance industry to negative from stable due to the elimination of fiscal credits for value-added tax and other claims-related expenses paid to third parties, including hospitals. AM Best said the regulatory change could reduce insurers’ expected net profits in 2025 by as much as 40%….
Chubb names new Commercial and Specialty Head for Overseas General
John DePeters has been named executive vice president and head of commercial lines and specialty lines for Chubb Overseas General Insurance (COG), effective January 1, 2026. Headquartered in London, DePeters will be responsible for overseeing the performance and accelerating global expansion of Chubb’s mid-market, small commercial and professional product line portfolio. “He will work closely…
PIC completes £230m buy-in with Peel Ports Final Salary Pension Scheme
The Pensions Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has agreed a £230m acquisition agreement with the trustees of the Peel Port Final Salary Pension Scheme. As one of the UK’s largest port operators, Peel Port Group handles more than 70 million tonnes of global cargo for its customers each year….
Gallagher bolsters Private Equity and M&A team with Hughes appointment
Specialist M&A tax adviser Tom Hughes has been appointed tax insurance director within Gallagher’s rapidly expanding Private Equity and M&A (PEMA) practice in Europe, the Middle East and Africa, effective January 5, 2026. Hughes, who is based in the UK and has been a professional chartered accountant and professional tax adviser for the past ten…
KBW expects property cat reinsurance rates to decline 15-20% at 1/1
KBW analysts expect risk-adjusted property catastrophe reinsurance rates to fall by 15-20% during the January 2026 reinsurance renewal period, with overall declines expected to be closer to 20% in the relatively “late” season. KBW said the unchanged attachment points in each occurrence reflected the reinsurers’ generally sustained discipline. Reinsurers generally expect at least adequate performance…
Al Wathba Insurance secures access to Lloyd’s of London
Al Wathba Insurance has become the first UAE insurance company to enter the Lloyd’s of London market through the London Bridge 2 PCC structure. This strategic move, completed through Cell 27 of London Bridge 2 PCC, an Insurance Linked Securities (ILS) structure, marks a significant evolution in Al Wathba’s growth strategy. It enables the company…
Long-term perspective to guide Everest through future cycles: Beggs
Everest’s Jill Beggs said her company will continue to seize emerging opportunities through 2026 while delivering strategic and economically sustainable results, with a long-term, disciplined perspective that has guided the company through past cycles and expects it to do so in the coming years as well. In a recent interview with Reinsurance News, Beggs, the…
MAPFRE restructures asset management company
Spanish insurance company MAPFRE has announced that it is restructuring its asset management company MAPFRE AM, creating new divisions and redefining responsibilities. As part of this initiative, MAPFRE has created a strategic project development and innovation area that will integrate initiatives already underway, such as the merger of the Aladdin technology platform announced by the…
PointBridge and Aspen launch admitted physicians professional liability program
PointBridge, a general underwriter (MGU) specializing in professional liability insurance, has launched a new recognition physician malpractice program in partnership with reinsurer/insurer Aspen. The new professional liability plan for physicians and surgeons, offering modern and competitively priced coverage, is scheduled to launch nationwide on January 1, 2026. According to the announcement, initial market rollout will…
BMS appoints Charlie Emkes as Director of Commercial D&O
Independent insurance and reinsurance broker BMS has announced the appointment of Charlie Emkes to the newly created role of Director of Commercial Directors and Officers (D&O) Solutions, effective January 2026. In his new role, Emkes will coordinate with other BMS and DR&P colleagues to advance the company’s commercial D&O strategy and lead new business development…
