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Gallagher & Co., the international insurance brokerage, risk management and advisory group, has appointed Hassan Ashtari as Senior Executive Officer (SEO) for its Middle East joint venture with Artex Risk Solutions. The joint venture operates out of Abu Dhabi Global Market (ADGM) and provides alternative risk and captive management solutions across the region. In his…

Artificial intelligence-based insurance and reinsurance underwriter Kettle has partnered with US specialty insurer RLI to launch a new multi-risk commercial property insurance product. Kettle explained that the non-permit product provides comprehensive protection, including wildfire and all other perils (AOP), to commercial properties in areas where coverage is increasingly difficult to obtain. The program will focus…

The two insurance companies reached an agreement on February 4 on the key financial terms of a possible proposed cash offer for Zurich to acquire 100% of Beazley, and Zurich has now been granted permission to extend the PUSU deadline by more than two weeks. The “put it up or shut up” (PUSU) deadline was…

The Australian Terrorism Reinsurance Pool, managed by Australian Reinsurance Pools Corporation (ARPC), has purchased A$2 billion in terrorism retrocession limits for calendar year 2026 and has increased deductibles by A$500 million. ARPC explained that this reflects its current assessment of portfolio risk, current reinsurance market conditions and the protection provided by the $10 billion in…

Insurance broking and risk advisory group Howden has promoted Ping Li (Eva) to a senior leadership role at its mainland China reinsurance arm, Howden Re. Li Ping has over 15 years of experience in the insurance and reinsurance sector and has been working in the Howden China team for five years. During this time she…

Consilium, a specialty re/insurance brokerage, has launched hybrid professional indemnity (PI), directors and officers (D&O) and criminal policies to address the risks real estate professionals face when collaborating on real estate transactions and ventures. The launch aims to address the market gap left by a single PI and D&O policy that fails to adequately address…

Multi-category, multi-territory managing general agent (MGA) Pen Underwriting has expanded its team of professional indemnity (PI) underwriters in Birmingham, adding Raman Nahal as senior PI underwriter and Jazz Parkash as PI underwriter, effective February 2, 2026. The appointments are designed to strengthen Pen’s multi-disciplinary team of specialist underwriters in Birmingham, serving regional brokers and their…

JPMorgan analysts said the price falls reported by European reinsurers so far have been far less severe than those reported by reinsurance brokers, thanks to diversified portfolios that have helped cushion the impact. JPMorgan’s report notes that European reinsurers are in a tough spot at the start of 2026, with an average decline of 4.2%…

Tokio Marine Holdings announced its financial results for the third quarter of fiscal year 2025, with international business profits reaching 376.7 billion yen, a year-on-year increase of 19%. This performance was driven by strong underwriting across all entities, lower capital losses in North America (approximately +30 billion yen) and a weaker yen (approximately +14 billion…

Chubb announced a series of North American field operations leadership changes, including the appointment of Chad Yarlagadda as regional executive for the Midwest region; Ben Mortimer as regional executive for the Southeast region; and the retirement of Kelly Kinsella. Yarlagadda, who currently serves as regional executive for the South East region, will succeed Kinsella, who…