Category: Insurance

AM Best announces that it has upgraded the Long Term Issuer Rating (Long Term ICR) of securities issued by WR Berkley Corporation (WR Berkley) from ‘a-‘ (Excellent) to ‘a’ (Excellent), as well as all related Long-Term Issue Ratings (Long-Term IR) and Indicative Long-Term IR. AM Best also upgraded the Long-Term ICR to “aa” (Superior) from…

Aon, a major global professional services and advisory firm, has announced the appointment of industry veteran Mike Reid as CEO of Facultative Reinsurance EMEA, effective July 1, 2026. Based in London, the executive will report to EMEA CEO and Reinsurance International chairman Tomas Novotny and Facultative Reinsurance global CEO Nick Fraccalvieri. Reid succeeds Fraccalvieri, who…

Demex, a provider of technology-enabled reinsurance solutions, announced the launch of a new winter storm product to protect primary underwriters from losses caused by unexpected storms, cold temperatures and heavier than usual snowfall. The new reinsurance solution, described as the first of its kind, builds on Demex’s successful working layer aggregated reinsurance solution for severe…

Global investment firm Sixth Street has announced that investment vehicles it manages or advises have entered into definitive agreements to acquire a majority stake in life insurance and reinsurance holding company Monument Re. The transaction is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions. Global reinsurer…

US insurer The Hartford has appointed Dave Draper as UK chief underwriting officer and active underwriter of The Hartford Underwriting Agency, Ltd – Syndicate 1221, subject to regulatory approval. Carl Bach, III, CEO of Hartford Underwriting Agency, Ltd. – Syndicate 1221, said in a statement: “I am pleased to announce that Dave Draper has been…

Guy Carpenter, a global risk and reinsurance expert and a Marsh business, said in his July 2026 reinsurance renewal report that sufficient capacity and growing reinsurer interest have kept the global property reinsurance market competitive at mid-year renewals, with attractive terms and underwriting options encouraging buyers to explore complementary solutions to complement traditional catastrophe plans….

Insurance Capital Markets Research (ICMR), an independent research and analysis firm specializing in insurance capital markets, has launched an enhanced version of its investor report focused on the Lloyd’s market. The company has developed the capability to monitor monthly net asset value (NAV) increments across the Lloyd’s market, providing investors with an additional benchmark in…

Global reinsurance broker and Mash business Guy Carpenter has announced the appointment of Dorothee Melis-Moutafis as global account executive. In her new role, Melis-Moutafis will focus on helping clients navigate complexity through coordinated, high-quality support across markets, bringing together the right expertise and insights to inform risk and reinsurance decisions, identify opportunities, and deliver consistent…

Mikhail Grishin, chief operating officer of Malaysian reinsurer Mandarin Re, said one of the greatest values ​​of artificial intelligence (AI) in the reinsurance sector is its ability to increase clarity in underwriting portfolios, allowing companies to determine where underwriting time is best spent and improve the speed and quality of underwriting decisions. Grishin stressed in…

Chris Blunt, CEO of F&G Annuities & Life, Inc., an insurance company serving retail annuities, life and institutional clients, will retire to focus on his role as director of F&G and CEO of subsidiary Peak Altitude Equity, LLC. As a result, Conor Murphy, currently President and Chief Financial Officer (CFO), will assume the expanded role…