Category: News

Global reinsurance brokerage Gallagher Re has announced that Harrison Pepper will join its UK operations as executive director of its marine and energy division. Pepper joins the firm from rival broker Guy Carpenter, where he served as senior vice president of global ocean and energy for four years. The executive also previously served as a…

European property and casualty insurance runoff group Marco Capital Holdings has completed the previously announced acquisition of Dublin-based Benteler Re from Benteler Group. Benteler Re was established in January 2003. It is a non-life captive insurance company in the final sale stage. Marco said the transaction has received all necessary regulatory approvals and is now…

Marsh McLennan has appointed Mike Mathews as its global digital infrastructure leader, who will leverage the firm’s combined expertise in risk, capital and advisory solutions to serve clients in fast-growing industries. Mathews joined Marsh, a global insurance brokerage and risk advisory firm owned by Marsh McLennan, in 2020 as a managing director focused on serving…

Bermuda-based global insurer and reinsurer Lancashire Holdings Limited reports that ratings agency S&P Global Ratings has upgraded the long-term issuer credit and financial strength ratings of the company’s core re/insurance operating subsidiaries to “A” from “A-“. Meanwhile, S&P Global Ratings upgraded Lancashire Holdings’ long-term issuer credit rating to “BBB+” from “BBB” with a stable outlook….

As the global insurance industry enters 2026, the London market stands at a critical crossroads, with Lloyds of London facing growing pressure to redefine its strategic direction following a major leadership change, including the appointment of Patric Tiernan as chief executive this year. This new era will be defined by an exploration phase in which…

Xavier Pazmino has been appointed executive vice president and head of maritime for Chubb Overseas General (COG), Chubb’s international general insurance business, effective February 2026. Pasmino succeeds Andrew Williamson in the role and will be responsible for the growth and profitability of Chubb’s international maritime business, including wholesale and retail operations. The executive has nearly…

AM Best upgraded its ratings on Arch Capital Group and its subsidiaries, citing the company’s strong operating performance and track record of delivering superior underwriting performance and investment returns even in soft markets. Notably, AM Best upgraded the Long Term Issuer Credit Rating (Long Term ICR) to “aa” (Senior) from “aa-” (Senior) and affirmed the…

Previsico, provider of a flood forecasting and real-time flood risk intelligence platform, has appointed Mark Pinkerton as chief technology officer (CTO). In his new role, Pinkerton will oversee the company’s global technology strategy, product development and engineering operations, playing a key role in Previsco’s expansion of its global forecasting capabilities. The executive joins the company…

Investment banking and financial services firm TD Cowen has shared key observations on the casualty market from a recent meeting with reinsurance players in Bermuda. Analysts said major casualties still appear to be succeeding in increasing premiums, especially for U.S. general liability lines. In reinsurance, rates were generally flat, although cession commissions faced progressive reduction…

Farmers Insurance Exchange and its subsidiaries and affiliates (collectively, Farmers Insurance Group) have issued $400 million in catastrophe bonds to provide indemnity-based insurance to complement its traditional catastrophe reinsurance program. Swiss Re Capital Markets and Howden Capital Markets & Advisory (HCMA) acted as joint structuring agents and joint bookrunners for the catastrophe bonds, which were…