Lincoln closes $6.3bn reinsurance transaction with Talcott

Lincoln Financial has closed its previously announced $6.3 billion reinsurance transaction with Talcott Financial Group, effective October 1, 2026. Lincoln explained that the $6.3 billion total transaction includes the reinsurance by a Talcott subsidiary of approximately $5.8 billion of in-force guaranteed universal life (GUL) statutory reserves, representing approximately 37% of Lincoln’s remaining in-force GUL block….

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Paragon strengthens Specialty Property leadership team with new promotions

Paragon Insurance Holdings, an international managing general agency, has announced three senior leadership promotions, expanding the roles of Mike Denton, Brett Papenhagen and Erik Ostgulen. These appointments strengthen Paragon’s Specialty Property leadership team and support continued growth across the organisation. Promoted to executive vice president of Paragon Insurance Holdings, Denton will continue collaborating with the…

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Leadership changes made at Allianz Partners and Allianz Direct

Allianz Group, the global insurance and financial services provider, is changing the leadership of Allianz Partners and Allianz Direct. The appointments follow Tomas Kunzmann’s appointment to the Allianz SE Board of Management and are intended to provide continuity across both businesses while supporting their respective growth plans. All appointments are subject to regulatory approval, with…

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Kristof Terryn to lead ‘world’s largest’ specialty insurance business as Beazley joins Zurich

Kristof Terryn has been appointed CEO of Beazley and Zurich Global Specialty, subject to regulatory approval, following Zurich’s £8.1bn acquisition of Beazley, creating what it describes as the world’s largest specialty insurance business. The combined business will be headquartered in London, with Terryn taking over as Adrian Cox departs Beazley as the insurer begins a…

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