Category: News

The State Financial Supervisory Commission and the Shanghai Municipal People’s Government jointly issued a notice on the reinsurance industry, proposing measures to accelerate the development of the Shanghai International Reinsurance Center. Following the establishment of the International Reinsurance Trading Board and Shanghai Global Reinsurance Platform in 2023, the Shanghai International Reinsurance Center will be officially…

Gallagher Re, a global reinsurance brokerage and advisory firm owned by Arthur J. Gallagher & Co., reported an 18% year-over-year increase in premiums assigned to the reinsurance market across its underwriting portfolio in 2025, reflecting continued demand for reinsurance capabilities from the expanding U.S. managing general agency (MGA) industry. The research results were published in…

Hyperexponential (hx), a technology company that develops underwriting and pricing software for commercial property and casualty (P&C) insurers, has launched Hyperoperator, an AI-driven underwriting agent designed to take broker submissions from initial receipt to decision-ready documentation while operating within the insurer’s existing pricing model, underwriting preferences and authorization framework. The launch makes hx the first…

QBE North America, a division of global insurance company QBE, has launched QCyber ​​Rapid Pay, a cyber insurance enhancement designed to accelerate underwriting financial support following a cyber incident. Cyber ​​incidents can disrupt operations and cash flow, creating significant uncertainty for businesses. To solve this problem, QCyber ​​Rapid Pay provides earlier access to liquidity, a…

Seychelles Re Global Limited (SeyRe Global), a Tier 2 reinsurance company registered in Barbados, has promoted Vanida Pillay as its new Chief Executive Officer (CEO). Pillay has more than thirty years of industry experience in underwriting, business development, claims management, reinsurance brokerage and construction and engineering insurance. She also has strong client and industry relationships,…

Specialty managing general agent (MGA) Nirvana has signed a definitive agreement to acquire certain assets of Ryan C&S, whose ultimate parent company is Ryan Specialty, LLC. Ryan C&S is a division of Ryan Specialty Nordics and part of Ryan Specialty Europe GmbH, a subsidiary of Ryan Specialty, LLC. Financial terms of the acquisition were not…

Acrisure, a global fintech company providing insurance, reinsurance, real estate and financial services, has launched Acrisure Private Office, designed to support UK high net worth individuals and families with their complex personal insurance needs. The move follows Acrisure’s acquisition of Smith Greenfield earlier this year, integrating specialist private client expertise into the firm. Steve Smith,…

Major global insurance and reinsurance broking group Aon has expanded Tom Murray’s role to head of UK and Ireland reinsurance and appointed a new leader within the team to support the efficient delivery of solutions and services to clients. In addition to his role as co-leader of Aon’s global reinsurance business, Murray is responsible for…

RGA, a global life and health reinsurer that supports insurance companies with risk management and financial solutions, has signed two collective co-insurance agreements in Japan with Sumitomo Life Insurance Company and Tokio Marine & Nichido Life Insurance Company (Anshin Life). These transactions are part of RGA’s ongoing work with insurers to help manage existing investment…

Markel Insurance, the insurance arm of Markel Group, has announced the appointment of Bhavik Desai as Managing Director of its London market business, PFR and Networks. Desai succeeds David Sawyer, who will remain with the company until his planned retirement at the end of 2026. In his new role, Desai will be tasked with overseeing…