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Insurance
The global life and annuity (L/A) reinsurance market remains well capitalised and positioned for sustained expansion, driven by increased dedicated capital for traditional life coverage and a surge in third-party backing for asset-intensive annuity business, according to a new report by AM Best. The report, titled “Global Life/Annuity Reinsurers Remained Poised for Steady Growth,” comes…
MSIG USA has announced the promotion of Brian Botkin to International Chief Underwriting Officer for MS&AD Insurance Group. Botkin has served as MSIG USA’s Chief Underwriting Officer since July 2024, playing a key role in the firm’s transformation and growth by leading enterprise underwriting strategy and advancing greater consistency, discipline and portfolio insight across the…
AI financial infrastructure firm Corgi has launched an admitted insurance carrier, adding to the range of insurance structures it already operates across its group, including risk retention groups, reinsurers, captives and managing general agencies. According to the firm, different risks are best suited to different structures, and the launch of admitted carrier Corgi Insurance Company,…
Gartner, Inc., a business and technology research and advisory organisation, has ranked AI-enabled discovery of cyber vulnerabilities as the leading emerging risk for organisations worldwide in the second quarter of 2026. The finding is included in Gartner’s latest Quarterly Emerging Risk Report, where the company surveyed 316 senior executives and risk managers across multiple industries…
Marsh, an insurance and reinsurance broker and risk advisor, has announced the launch of Stratus, a property insurance exchange for operational digital infrastructure risks, including data centres and associated critical support systems. Stratus will provide access to up to $10 billion in property insurance capacity on a single-placement basis through the global property risk transfer…
Continental Reinsurance, a pan-African reinsurance company providing reinsurance solutions and services across African markets, has announced an expansion of its presence in East Africa following the National Bank of Rwanda’s approval for it to establish a Representative Office in Kigali. The office will operate as Continental Reinsurance (R) Limited and has been licensed to begin…
Property catastrophe reinsurance rates are expected to continue to soften in 2027, absent a large-scale hurricane or other loss event(s) in the second half of 2026, according to a recent Fitch Ratings report. Following substantial rate reductions in January 2026, property catastrophe pricing experienced further significant softening during the mid-year 2026 reinsurance renewals. Pricing for…
Willis, a WTW business, has announced the appointment of Paul Haas as Senior Director, Business Development, based in Chicago. Having joined Willis on August 10, Haas has been tasked with leading new business development across the Midwest, with a focus on growing the company’s presence in financial institutions risk at the intersection of banking and…
In Howden Re’s latest re/insurer earnings report, Michelle To, Head of Business Intelligence, said that as pricing becomes more competitive, carriers are taking a closer look at where they grow, which areas they prioritise, and how they deploy capital, with greater emphasis now on cycle management. Howden Re’s report “Putting capital to work”, produced by…
In Howden Re’s latest re/insurer earnings report, Michelle To, Head of Business Intelligence, said that as pricing becomes more competitive, carriers are taking a closer look at where they grow, which areas they prioritise, and how they deploy capital, with greater emphasis now on cycle management. Howden Re’s report “Putting capital to work”, produced by…