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Christopher O’Connor has been appointed Head of Professional Liability and Cyber, North America at AIG. As Reinsurance News understands, this is an internal promotion, with O’Connor having been with AIG for over 15 years. He joined AIG in November 2010 as an Underwriting Analyst, before going on to lead AIG’s Financial Institution Cyber business. Most…
Global property and casualty insurer Chubb has announced the appointment of Ed Nicklin as Head of Major Accounts Division for UK and Ireland (UK&I), succeeding Nick Lee. Having joined Chubb following a decade with ACE European Group, Lee led the Major Accounts Division for UK&I, for over six years, and has now decided to retire….
Severe convective storms (hail, damaging wind, and tornadoes) have become the costliest insured peril of the 21st century, reshaping how insurers, investors, and asset owners price risk, new First Street analysis reveals. In 2025, SCS generated approximately $82 billion in global economic losses, which accounted for nearly one-third of all worldwide natural catastrophe losses and…
Swiss Re, one of the world’s largest reinsurance companies, has named Andreas Schäfli, who most recently served as Head of P&C Legacy, as Head of Multiline. Schäfli joined Swiss Re in 2007 and has since held various roles, ranging from pricing L&H treaties for the Middle East and P&C commutations for EMEA to designing structured…
Christoph Jurecka, Chief Executive Officer (CEO) of Munich Re, one of the world’s largest global reinsurance companies, has said he expects demand for property and casualty (P&C) reinsurance to continue growing over the medium to long term, supported by rising levels of uninsured risk, emerging exposures, and the increasing impact of climate change. Last week,…
Canopius Group, a global specialty and P&C re/insurer, has announced the appointment of Greg Kuchinski as US Chief Underwriting Officer (CUO), effective 9 September 2026. Based in New York, Kuchinski will report to Sam Harrison, CUO at Canopius Group, and incoming Canopius US CEO Nadine Moore. He will join the US Executive Committee, supporting the…
Kestrel Group, a specialty insurance and reinsurance platform, has announced its financial results for the second quarter of 2026, reporting $6.7 million in total revenues despite seeing a net loss of $8.1 million. Q2 2026 revenues were up compared to the $5.5 million reported in Q2 2025. The quarter’s net loss compares to the net…
Radian Group Inc., a global multi-line specialty insurer, has reported a total revenue hike of 93% to USD 575 million for the second quarter of 2026, as net premiums earned rose by USD 100 million to USD 504 million, of which 53%, or USD 267 million came from the Specialty segment following the firm’s acquisition…
Reinsurance and capital solutions broker Augment Risk has announced the appointment of Kurt Cripps as group head of growth and broking, a newly created role, effective immediately. In his new position, Cripps has been tasked with driving the firm’s commercial strategy by identifying and executing key growth opportunities across the business. He will also collaborate…
Dedicated reinsurance capital is expected to increase further in 2026, as reinsurers continue to benefit from underwriting profits, investment returns and growing participation from third-party capital, according to AM Best, the global insurance credit rating agency, and reinsurance broker Guy Carpenter. In its report Global Reinsurance at an Inflection Point: Can Discipline Survive the Temptation…