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Hannover Re has appointed Ridwaan Patel as chief financial officer of Hannover ReTakaful BSC and its Bahrain branch, subject to approval by the Central Bank of Bahrain (CBB). Most recently, Patel served as Chief Risk Officer and Head of Compliance and Risk at Hannover ReTakaful BSC, a position he has held since April 2016. He…

Gallagher Re’s Adam Schwebach said sellers are actively engaging with Florida insurers as reinsurers adjust their risk assessment models in the wake of much-needed reforms in the state. The cautious element of cautious optimism is fading. In an interview with Reinsurance News, Schwebach, head of North America real estate at reinsurance brokerage Gallager Re, discussed…

S&P Global Energy announced a new data-sharing collaboration with Verisk, a global provider of data analytics and technology for the insurance industry, to provide climate catastrophe exposure data and insights to the financial and insurance industries. S&P Global Energy, a division of S&P Global, provides essential data, price benchmarks and analysis for global energy and…

Hiscox Re & ILS, the reinsurance and insurance-linked securities (ILS) arm of Hiscox Group, has changed its name to Hiscox Re in a move designed to provide clearer, more streamlined products to cedants, brokers, institutional investors and re/insurance partners. The firm also formed Hiscox Capital Partners to consolidate the capital activities it has managed for…

Austin-based insurer Continental General Insurance Company has purchased two tranches of insurance policies from the State Life and Health Insurance Guaranty Association (the Guaranty Association), which include approximately 91,000 final expense insurance policies and traditional life insurance policies, annuities and accident and health (A&H) policies. The transaction, coordinated by the National Organization of Life and…

mea Platform, an AI-driven insurance technology company, announced it has received a $50 million minority growth equity investment from SEP, a prominent investor in the enterprise technology space. Founded in 2021, MEA focuses on applying artificial intelligence to the insurance industry, offering products designed to improve combined ratios and improve profit margins. The company, which…

Insurance and reinsurance solutions provider Pacific Life Re has appointed Jane Cheng as Vice President of Customer Protection Solutions. In this role, she will lead the global client solutions team, including business proposition, global support and marketing. Cheng will focus on advancing proposal development and ensuring a globally consistent approach to delivering differentiated client solutions….

Data from the Association of British Insurers (ABI) shows that larger pension pools will help drive total premiums paid out on personal annuities to rise by 4% in 2025 to £7.4bn, the highest annual level since pension freedoms were introduced in 2014. Although there was a slight decline in the number of annuities sold, which…

AXA XL, AXA’s property & casualty and specialty risks division, has appointed Thomas Saive as head of Asia Pacific (APAC) and European underwritten motors, effective March 1, 2026. In his new role, Saive will directly oversee motor insurance underwriting strategy for both business units as well as the French market, working closely with regional and…

Insurance brokerage and risk management company Brown & Brown, Inc. announced the appointment of Dorothea Henderson as its chief information technology officer. In this role, she will guide the company’s enterprise technology strategy and oversee efforts to expand digital capabilities and enhance the technology experience for team members and customers. Henderson will work with department…