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Bermuda-based multi-line reinsurer Conduit Re’s ultimate parent company, Conduit Holdings, has announced the appointment of Mark Pickering, formerly of Aspen Insurance Holdings, to serve as its new Chief Financial Officer (CFO), effective November 30th, 2026. Pickering will take over the CFO role from Elaine Whelan, who informed the Board of her intention to retire in…
The Board of Directors of National Reinsurance Corporation of the Philippines (Nat Re) has announced that President and CEO Allan R. Santos will retire on 1 October 2026, with Alexander L. Reyes appointed as his successor. Santos is retiring following nine years of dedicated leadership and service to Nat Re. He became President and CEO…
Marsh McLennan Agency (MMA), a business of Marsh and a provider of business insurance, employee health and benefits, retirement and wealth, and private client insurance solutions, has reached an agreement to acquire Accel Holdings, Inc., a US diversified independent insurance and advisory firm. Terms of the acquisition, which is expected to close in the third…
Starwind Specialty Insurance Services, a CRC Group company focused on specialty insurance underwriting, has appointed Ashley Orth as its new Chief Operating Officer. The appointment comes as the business continues to develop its specialist underwriting operations and expand its portfolio. Orth joins the senior leadership team with almost two decades of experience across the insurance…
Steadfast Group, an Australian insurance broker, has announced that Amwins Group, Inc. and Dragoneer Investment Group, LLC (collectively, the Consortium) have confirmed that due diligence is in its final stages and that the key commercial terms of the draft Scheme Implementation Deed have been substantially agreed. In June 2026, Steadfast received a conditional, non-binding and…
Specialist international reinsurance broker Willis Re has reached an agreement to acquire BMS Re, US, the US reinsurance arm of independent broker BMS Group for an undisclosed sum, subject to regulatory approval and other closing conditions. The definitive agreement to acquire BMS Re, US includes BMS Intermediaries Inc., BMS Capital Advisory LLC, and the associated…
In 2025, German non-life insurers maintained strong underwriting discipline despite achieving very strong underwriting profitability, according to Fitch Ratings. In a recent report, Fitch said German non-life insurers outperformed expectations in 2025. Nevertheless, the ratings agency is maintaining its forecast for the sector’s net combined ratio at 95% for 2026, up from 92% in 2025,…
Willis Networks, a WTW business, has appointed Lynne Norledge as its Managing Director (MD) and Mark Cobham as Deputy MD. In her new role, Norledge will focus on supporting the growth of independent brokers within the Network, strengthening insurer relationships, and ensuring members continued growth. Since joining the business in 2017, Norledge has established close…
Majesco, a provider of AI-native and cloud-native software for the insurance industry, has published its latest research examining the growing gap between insurer priorities and customer protection needs. The findings are detailed in Majesco’s latest thought leadership report, The Insurance Alignment Gap: Where Insurer Priorities and Customer Protection Needs Converge…and Diverge. The report explores how…
Hampden Risk Partners’ (HRP) Syndicate 2689 at Lloyd’s has announced the appointment of James Drew as Senior Underwriter. In his new role, Drew will focus on underwriting a diverse portfolio of proportional business for top-quartile syndicates in the Lloyd’s market. His remit will also include a selective appetite for complementary MGA and company market opportunities…