Category: News

In a pioneering development financing approach, the Zambian government repurchased US$1.36 billion of sovereign Eurobonds by combining its own resources with a US$600 million loan from the African Development Bank Group. The African Development Bank (AfDB) has received significant support from the credit insurance market, including Atrium Underwriters, Canopius Manufacturing Agents, Chaucer Group, MS Amlin,…

International insurer and reinsurer QBE Insurance Group Ltd has appointed Tay Siang Leng as interim chief executive officer (CEO) of Wholesale Markets Asia, reporting to QBE Asia CEO Rob Kosova. Siang Leng has served as Chief Financial Officer (CFO) of QBE Asia since 2019. In this new role, he succeeds Ronak Shah, who is currently…

The U.S. property and casualty (P&C) insurance industry is improving, with key economic drivers stabilizing, claims cost pressures easing and underwriting conditions favorable, according to a new report from the Insurance Information Institute (Triple-I) and Milliman. The report found that despite looming geopolitical risks and severe weather events, underwriting performance in major insurance segments is…

Global reinsurer and primary insurance and risk solutions provider Munich Re has appointed Sabine Starbatty as chief underwriting officer (CUO) for agriculture in the Americas and Europe, effective May 1, 2026. The reinsurer confirmed that in North America, Starbatty will take on responsibilities currently held by Lambert Muhr, who is retiring at the end of…

Leon Walker, head of Europe, Middle East and Asia (EMEA) captive insurance at global re/insurance brokerage Aon, believes that the captive insurance framework established in the UK has the potential to provide greater flexibility for companies to use captive insurance solutions. To recall, the Financial Conduct Authority and Prudential Regulation Authority have issued a public…

Santam Re, the reinsurance arm of South African insurance company Santam, has announced the appointment of Izabela Stofberg as Chief Underwriting Officer (CUO). Stoffberg will take on the new role as part of his continued focus on underwriting expertise and reinsurance capabilities. She has extensive experience in the reinsurance and insurance sectors. She has been…

RLI Corp., an American specialty insurance company offering property, casualty and surety insurance products, announced the appointment of James H. Bradshaw to its Board of Directors. Bradshaw joins the Board of Directors on July 15, 2026. His initial term will run until the company’s next annual shareholder meeting in May 2027, at which time he…

Seychelles Re Global Limited (SeyRe Global), a reinsurance company focused on providing risk solutions and services to customers and partners, announced the promotion of Dinesh Salgadu to Chief Operating Officer (COO). SeyRe Global said the appointment was in recognition of Salgadu’s extensive industry experience, strategic leadership and commitment to operational excellence. He has been part…

Munich Re Specialty – Global Markets announced the appointment of Robert McAdams as Group Chief Underwriting Officer, effective October 1, 2026. McAdams will succeed Dominick Hoare, currently group chief underwriting officer, and will be responsible for leading the global markets underwriting office. To ensure a smooth transition, Hall will continue to serve as an active…

Major U.S. insurer Traveler’s Northeast property catastrophe excess losses reinsurance treaty was renewed on July 1, 2026, with the same coverage and retention as the previous year, while the carrier decided not to renew its personal lines catastrophe excess losses reinsurance treaty and to obtain additional reinsurance from the capital markets. From 2026 to 2027,…