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Global reinsurance broking and advisory firm Gallagher Re has launched its Digital Risk Practice, bringing together specialist expertise in AI liability, data centres, cyber and digital risk engineering to help insurers and reinsurers “understand, quantify and manage” evolving technology-related risks, with Ian Newman serving as Global Head of Digital Risk alongside his existing role as…
Global specialty re/insurance company Ascot Group has announced the appointment of Ann Marie G. O’Flynn as Executive Vice President, Casualty Facultative Hybrids/Automatics. O’Flynn is a highly accomplished reinsurance leader with over 25 years of experience in casualty and professional lines underwriting, business development, account management, and client engagement. The executive is joining Ascot from Everest…
Reinsurance industry giant Munich Re has agreed to acquire At-Bay, a US-based InsurSec provider offering cyber insurance and risk management services, for an enterprise value of $575 million, strengthening its position in the cyber market. Once the transaction is closed, which is expected in the first quarter of 2027, At-Bay will be overseen by Hartford…
Moody’s, a global provider of credit ratings, research and risk analytics, assesses that casualty insurance is at an earlier stage of analytical development than property catastrophe insurance, but is beginning to show some of the characteristics of a maturing analytical market. The US commercial casualty market represents approximately $300 billion in annual premium, making it…
AM Best has assigned an A- (Excellent) Financial Strength Rating and an “a-” (Excellent) Long-Term Issuer Credit Rating to Ledgebrook Specialty Insurance Company and Stonehaven Specialty Insurance Company. Both Delaware-domiciled insurers form Ledgebrook Insurance Group (LIG), which is part of Ledgebrook Inc., a technology-enabled insurance business based in Boston, Massachusetts. The ratings reflect LIG’s very…
Insurance holding company W. R. Berkley Corporation has appointed Hena Choi as the new Head of Casualty for Berkley Re Asia, based in Singapore. Choi has over two decades of experience across casualty underwriting, financial lines, and specialty products. She brings a wealth of expertise and leadership that will complement Berkley Re’s existing regional capabilities,…
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…