Allianz Jio Reinsurance, a 50:50 joint venture between Allianz Group and Jio Financial Services Limited (JFSL), has written gross premiums of Rs 266 crore in its first full quarter of operations, achieving the status of a leading reinsurer in the major treaty program of India’s leading private insurers. The joint venture, led by CEO Sonia…

ACORD, the global standards-setting organization for the insurance industry, has appointed four new members to its board of directors: Kasey Connors, Nidhi Howell, Christina Lucas and Spero Zacharias. Zacharias, Chubb’s senior vice president of global information technology major initiatives, will serve as chairman of the board. At Chubb, he managed a range of cybersecurity programs…

ACORD, the global standards-setting organization for the insurance industry, has appointed four new members to its board of directors: Kasey Connors, Nidhi Howell, Christina Lucas and Spero Zacharias. Zacharias, Chubb’s senior vice president of global information technology major initiatives, will serve as chairman of the board. At Chubb, he managed a range of cybersecurity programs…

Global professional services company Aon has appointed Johannes Glasl to the newly created position of chief regional and client officer, effective July 1, 2026. In his new role, Glasl will further drive the development of the broker’s regional positioning, particularly in the North and East regions. The newly created position is designed to further strengthen…

Bamboo Ide8 Insurance Services, LLC, a data-driven insurance distribution platform, has completed a multi-year deal through Greenshoots Re, the first MGA-sponsored sidecar to support Bamboo’s new California recognition program with MS Transverse. In April 2025, when Bamboo became part of White Mountains Insurance Group, Ltd., MGA’s reinsurance renewals included the reinsurance Sidecar transaction through Greenshoots…

In a pioneering development financing approach, the Zambian government repurchased US$1.36 billion of sovereign Eurobonds by combining its own resources with a US$600 million loan from the African Development Bank Group. The African Development Bank (AfDB) has received significant support from the credit insurance market, including Atrium Underwriters, Canopius Manufacturing Agents, Chaucer Group, MS Amlin,…

International insurer and reinsurer QBE Insurance Group Ltd has appointed Tay Siang Leng as interim chief executive officer (CEO) of Wholesale Markets Asia, reporting to QBE Asia CEO Rob Kosova. Siang Leng has served as Chief Financial Officer (CFO) of QBE Asia since 2019. In this new role, he succeeds Ronak Shah, who is currently…

The U.S. property and casualty (P&C) insurance industry is improving, with key economic drivers stabilizing, claims cost pressures easing and underwriting conditions favorable, according to a new report from the Insurance Information Institute (Triple-I) and Milliman. The report found that despite looming geopolitical risks and severe weather events, underwriting performance in major insurance segments is…

Global reinsurer and primary insurance and risk solutions provider Munich Re has appointed Sabine Starbatty as chief underwriting officer (CUO) for agriculture in the Americas and Europe, effective May 1, 2026. The reinsurer confirmed that in North America, Starbatty will take on responsibilities currently held by Lambert Muhr, who is retiring at the end of…

Leon Walker, head of Europe, Middle East and Asia (EMEA) captive insurance at global re/insurance brokerage Aon, believes that the captive insurance framework established in the UK has the potential to provide greater flexibility for companies to use captive insurance solutions. To recall, the Financial Conduct Authority and Prudential Regulation Authority have issued a public…