Category: Insurance

Commercial insurer QBE has hired Munich Re’s Alistair Nappin as its new head of outward reinsurance for its international division in London. Nappin will join QBE next year, subject to regulatory approval, and will report to Stephanie Cryer, chief underwriting officer of QBE International, and will be responsible for the company’s reinsurance strategy in the…

Property and casualty insurance company Hanover Insurance Group, Inc. has named Richard W. Lavey, currently chief operating officer (COO) and president of Hanover Agency Markets, as CEO-designate, and John C. Roche announced his intention to retire on December 31, 2026. Roche, who has a 40-year career in the insurance industry, currently serves as the company’s…

Credit rating agency AM Best has upgraded Worldwide Re’s Financial Strength Rating (FSR) to B++ (Good) from B+ (Good) and its long-term issuer credit rating (Long-Term ICR) to “bbb” (Good) from “bbb-” (Good). Meanwhile, AM Best has revised Trinidad and Tobago Reinsurance’s FSR outlook to stable from positive, while its long-term ICR outlook is positive….

Arch Insurance North America, a division of Arch Capital Group Ltd., announced the appointment of Nora Deveau as chief claims officer, effective August 1, 2026. Deveau succeeds Patrick Nails, who is retiring after 22 years with Arch Insurance. Nails joined Arch in 2004 and moved to the claims department in 2018. Matt Shulman, CEO of…

Reinsurance broker Howden Re has announced the appointment of Jay Sogliuzzo as managing director, head of North American marine, energy and terror specialty treaties. Sogliuzzo brings 14 years of underwriting experience covering upstream energy, oceangoing marine and inland marine and has developed relationships with clients and underwriters across North America. He joins Howden Re from…

Aviva’s global risk management solution has partnered with ONYX Insight, a global provider of predictive analytics for the wind industry, to provide wind asset owners and operators with tools to help reduce operational and insurance risks while optimizing asset lifecycles. Enhancing and maintaining turbine performance is one of the most significant operating costs owners and…

Specialist insurance and reinsurance broker Price Forbes has announced the appointment of Darren Ting as managing director of multinational real estate and heavy industry, effective June 2027. In his new role, Ding will lead the development and expansion of Price Forbes’ new multinational real estate and heavy industrial proposition. He will be based in London…

As cyber risks increase and rates fall, pushing the cyber insurance market to a critical crossroads, reinsurers will remain the backbone of the industry’s ability to transfer cyber risk. That’s according to a recent report from S&P Global Ratings, which noted that the reinsurance market will become a major absorber of cyber accumulation risk as…

Following the death of Antares CEO Michael van der Straaten, Ahmed El Tabbakh, chief commercial officer of Antares parent company QIC International Group, will lead the Antares business on an interim basis while a new leadership structure is finalized. Antares said in a statement on Monday: “It is with great sadness that we announce that…

Specialty insurance program manager MISSION has announced that Miami-based general underwriter (MGU) Capital Bay Underwriting will join MISSION Latin America as the first program on the platform. MGU, formerly part of Ryan Specialty, provides financial line temporary reinsurance solutions to private and public businesses in the Caribbean and Latin America, having underwritten a variety of…