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ACORD, the global standards-setting body for the insurance industry, has announced its 2026 board of directors, which will be chaired by Robert Kelly AM, founder, managing director and CEO of Steadfast Group Limited. Kevin Tobin (External Director) will serve as Vice Chairman. The Board of Directors consists of 18 members, including 7 new directors. “As…

James Mahon, head of reinsurance pre-sales at DXC Technology, emphasized that in an increasingly complex and softening market, reinsurers/insurers must rethink their renewal strategies and invest in automated renewal management, rather than relying on manual, people-dependent processes. Mahon told Reinsurance News that recent market conditions have made the renewal process increasingly complex. However, despite its…

Global reinsurer SCOR has joined a consortium of more than 10 leading reinsurers/insurers to support the recently launched insurance facility designed to support artificial intelligence (AI) and data center infrastructure. The $750 million facility, launched by Advanced Technology Assurance (ATA), is described as the first of its kind to consolidate multiple traditional and new insurance…

Specialist insurance intermediary PIB Group has announced the appointment of Chris Jackson as chief executive of its underwriting and distribution (U&D) business. Jackson will succeed Charlie Burgess, who has resigned to pursue other opportunities. These changes will take effect on April 1, 2026. After two years of successfully building PIB’s pan-European distribution capabilities, Burgess will…

Jim Bichard, current leader of PwC’s global insurance division, will take over as chief financial officer (CFO) of Specialty Lloyd’s Insurance and Reinsurance Markets in April 2026, succeeding Alexandra Cliff. Cliff was announced nearly a year ago to succeed Burkhard Keese as Lloyd’s Chief Financial Officer and will serve as Deputy Chief Financial Officer from…

Global insurance and reinsurance broking group Aon has released insights from its new data-driven tool designed to help organizations build sustainable resilience and drive growth, called the Aon Resilience Quotient, which was developed in partnership with US multinational analytics and consulting firm Gallup. The broker explains that its Resilience Quotient combines public sentiment on global…

WTW business Willis has announced the appointment of James Tedder as Director of its International Real Estate team, part of Willis Direct & Facultative Global Specialty. Tedder has over 15 years of industry experience. He has been with Marsh since July 2010, joining WTW, initially as an Account Processor. Most recently, he served as Senior…

Munich Re Thailand, part of the global reinsurer, has appointed Chotima Puasiri as chief representative, effective March 1, 2026. She joins ERGO (Thailand) Co., Ltd., the reinsurer’s primary insurance arm, as executive vice president (EVP) of product management and underwriting strategy. In his new role, Puasiri reports to Michael Hauer, Munich Re’s managing director and…

AM Best reiterated the stable outlook for the Indian non-life insurance sector, citing favorable macroeconomic conditions and strong demand, supported by regulatory initiatives and reforms. Although the sector’s growth slows in 2025 due to fire department pricing pressure, weak auto expansion and accounting changes in long-term policies, the rating agency said the sector’s growth momentum…

The Insurance Council of Australia (ICA) has upgraded dozens of bushfires that have affected Victoria since January 7 to insurance catastrophe status, with the fires burning a total of about 985,000 acres of land. The fires have damaged or destroyed around 260 homes and 900 buildings, caused significant agricultural damage and one death, and are…