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The Guernsey Financial Services Commission has welcomed the announcement by the US National Association of Insurance Commissioners (NAIC) of the jurisdiction application for Qualified Jurisdiction status. The application was lodged in July with the support of the Guernsey International Insurance Association and the States of Guernsey, and marks an important step toward improving the terms…
Reinsurance broker Howden Re has announced the appointment of Matthew Overall as Managing Director, Retro, a London-based role. Overall will take over his new position in 2027, following the completion of his contractual obligations with Guy Carpenter, his current employer. He is joining Howden Re following close to nine years at Guy Carpenter, where he…
Fitch Ratings, a global credit ratings and research agency, said Bermuda-based re/insurers delivered a strong financial performance during the first half of 2026, helped by a reduction in catastrophe-related losses. However, the company noted that challenging market conditions, including abundant capacity and strong competition, continued to weigh on pricing and premium growth. Fitch said conditions…
AXIS Capital Holdings Limited, a Bermuda-based global specialty insurer and reinsurer, has announced the appointment of Jim Rhyner as Head of North America Financial Lines, Programs, and Canada, effective 31 August 2026. Rhyner succeeds John Van Decker, who will retire following a career spanning more than four decades, including 15 years with AXIS. Rhyner will…
The European “Big Four” reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – continue to have an appetite for property catastrophe reinsurance despite rate softening, according to AM Best’s recent market segment report. The ratings agency noted that this continued appetite follows a period of right-sizing of portfolios, increasing attachment points and moving…
AIG, the global insurance company providing commercial and personal insurance solutions, has announced a senior leadership change across its Greater China operations, with Lisa Sun appointed President of Mainland China, Hong Kong and Macau and CEO of AIG Hong Kong, subject to regulatory approval. The appointment was announced by Scott Leney, Regional President of AIG…
Malibu Life Holdings Limited, a London Stock Exchange-listed insurance holding company focused on the US retirement and annuity market, has raised USD 125 million from a Placing and Open Offer at a price of USD 14.50 per New Ordinary Share. The offer closed for acceptances on 18 August 2026, as the firm received valid acceptances…
European life re/insurers remain well positioned to assess and manage the growing risks of heatwaves as these become one of the continent’s deadliest climate risks, according to a recent S&P report. Europe is warming at roughly twice the global average rate. Tens of thousands of additional deaths recorded during recent heatwaves reflect a broader and…
Retirement specialist Standard Life has entered a strategic partnership with a consortium of institutional investors to expand its Pension Risk Transfer (PRT) business, targeting up to £2 billion in capital commitments over five years. The consortium includes CVC Capital Partners plc and Prudential Financial, Inc. (PFI) of the US, alongside The Goldman Sachs Group, Inc.,…
AXA XL, the property and casualty specialty risk division of AXA, has appointed Kerry Vitolano as Head of East, US Risk Management and Head of US Risk Management, based in New York. In her new role, Vitolano reports to Matthew Stitham, Chief Underwriting Officer, Casualty in the Americas for AXA XL. Vitolano will primarily lead…