Category: News

Richard Keegan is a specialist property reinsurance and retrocession broker, joining specialist reinsurance broker Willis Re after nine years with Guy Carpenter. Keegan has 15 years’ experience in the industry and has focused his entire career in Bermuda on building strong, trust-based relationships with key buyers and markets. The executive started out as an assistant…

Beazley’s board of directors has appointed Paul Bantick, the company’s group chief underwriting officer, as executive director, effective January 1, 2026. Bantick currently leads the strategic direction of Beazley’s specialist underwriting portfolio, ensuring strong alignment between the group’s growth objectives and underwriting discipline. He oversees a broad range of insurance classes covering property and professional…

Law firm DAC Beachcroft has warned of a surge in product liability claims following the rise of the popular glucagon-like peptide 1 receptor agonist (or GLP-1), a drug used to manage obesity. Despite the health benefits of drugs like Ozempic and Wegowy, their rapid adoption has triggered a wave of legal challenges in the United…

Fitch Ratings assigns a ‘neutral’ global industry outlook for insurance to 2026, reflecting a stable operating environment in most markets and the industry remaining resilient despite increasingly challenging conditions in specific markets. While the overall situation remains stable, the rating agency noted that deterioration in some regions remains limited to the UK London market, Global…

Global reinsurance/insurance company Vantage Group Holdings Ltd. has named experienced financial executive Steve Robb as its new group chief financial officer (CFO), reporting to company chief executive officer (CEO) Greg Hendrick. Robb assumes his new role immediately and will join Vantage’s leadership team as a strategic advisor to Hendrick and the Board of Directors while…

Fitch Ratings has upgraded Oman Re’s Insurer Financial Strength (IFS) rating to “BBB” from “BBB-” with a stable outlook. Fitch said the upgrade reflects reduced investment and asset risks following the upgrade of Oman’s sovereign rating to “BBB-” on December 8, 2025. The ratings agency said reductions in investment and asset risk were the key…

Xianwei Lee, an executive with extensive experience in cross-border transactions and deep knowledge of Asian markets, has joined global insurance and reinsurance brokerage group Howden as head of Asia M&A. In his new role, Xianwei will be responsible for leading the expansion of Howden’s M&A capabilities across the region. In this role, he will work…

PricewaterhouseCoopers disclosed that between June 1 and November 30, the insurance industry completed a total of 207 M&A transactions with a transaction volume of US$31.8 billion. It is expected that transaction activity in 2026 will be roughly consistent with this year. The company said transaction volumes have remained stable over the past 12 months as…

Independent Lloyd’s insurance and reinsurance broker ATL has expanded into the specialist insurance market with the appointment of James Wilson. In his new role as director, Wilson will lead ATL’s expansion into M&A, tax and capital risk areas, as well as a broad specialty product line that complements the broker’s long-standing expertise in the energy…

The International Group of P&I Clubs (IG) has finalized its pool and group excess loss (GXL) reinsurance structure for the 2026/27 policy year, introducing two key changes as the environment shifts to higher levels of pool claims activity. “Following a relatively benign joint claims environment in the 2022/23 and 2023/24 policy years, joint claims activity…