Category: Insurance

The 2026 El Niño could alter catastrophe risk across multiple regions and perils, creating implications for insurers and reinsurers as they assess potential changes in insured losses, portfolio accumulation and diversification, according to Moody’s, the global risk assessment firm that provides credit ratings, research, data, and analytical tools for financial markets. The company’s latest assessment…

Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, has announced the appointment of Tressie Norton as Supercoverholders Underwriting Manager, a London-based role. In her new position, Norton will be reporting to Stephen Tompson, Head of Supercoverholders, Delegated Authority Practice. She will be responsible for overseeing strategic partnerships and supporting the continued development of…

Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, has announced the appointment of Tressie Norton as Supercoverholders Underwriting Manager, a London-based role. In her new position, Norton will be reporting to Stephen Tompson, Head of Supercoverholders, Delegated Authority Practice. She will be responsible for overseeing strategic partnerships and supporting the continued development of…

J.P. Morgan said the expected price decline of the reinsurance market of 10–20% at the January 2027 renewals is less than the reduction in previous years, implying some stabilisation. The global investment bank and financial services firm said reinsurance pricing remains under pressure, particularly in property catastrophe, but also in specialty lines. J.P. Morgan expects…

OAK Global, which underwrites through two dedicated syndicates at Lloyd’s, has received approval to launch OAK Partnerships, a new strategic business unit providing multi-class expertise and capacity for portfolios of insurance risk to leading underwriting partners. According to OAK Global, capacity will be provided by OAK Syndicate 1440, with risks incepting from 1st January 2027….

Fitch Ratings has changed its outlook on Hannover Re, one of Europe’s big four reinsurers, and its subsidiary E+S Rückversicherung AG (E+S Re) from Stable to Positive, while maintaining both companies’ Insurer Financial Strength (IFS) Ratings at ‘AA-’. The decision reflects Fitch’s assessment of Hannover Re’s financial resilience, strong capitalisation and competitive standing in the…

CRC Group, an independent wholesale specialty insurance distributor, has appointed Christina Becht as Senior Underwriting Team Leader at CRC Specialty. This appointment aligns with CRC Specialty’s long term plan for continued investment in attracting professionals with strong technical knowledge, diverse industry experience, and a commitment to exceptional service. In her new role, Becht will be…

Members of the UK P&I Club and TT Club have voted in favour of a merger that will bring together two mutual insurance organisations serving different parts of the global transport industry. The UK P&I Club provides protection and indemnity insurance for shipowners and charterers, while TT Club specialises in insurance and risk management for…

Compre Group Holdings Limited, the Bermuda-domiciled international specialty reinsurance group, has announced the promotion of Davin Patel to Chief Risk Officer (CRO) and Thuan Ho to Chief Actuary, Pricing. Patel, whose appointment is subject to the necessary governance and regulatory approvals, initially joined Compre as one of its first actuaries in 2016, and has played…

Financial services company Jefferies has reviewed German-based, global insurance and reinsurance group Munich Re’s prospects against a backdrop of weakening reinsurance prices. Jefferies has maintained its Hold recommendation on Munich Re but cut its price target from €600 to €550. The company said the revised valuation reflects a higher level of execution risk as underwriting…