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Final elements of Florida Citizens Property & Casualty Insurance Company’s 2026 risk transfer plan show that insurance-linked securities (ILS), catastrophe bond and mortgage markets continue to dominate the insurer’s protection purchases, with identifiable third-party capital supporting more than half of traditional reinsurance allocations and nearly 90% of overall reinsurance allocations. Two days ago, we reported…

Arch Insurance Australia (Arch), a subsidiary of Arch Capital Group and provider of specialist insurance products and services, has appointed Fariha Neda as Northern Region Executive Assurance Underwriting Manager with immediate effect. In this role, Neda will oversee underwriting activities across the Northern Region Executive Assurance portfolio, delivering a range of liability solutions including directors…

Majesco, a provider of AI-native and cloud-native software solutions to the insurance industry, has released a new thought leadership report examining insurers’ strategic priorities for 2026. title 2026 Strategic Focus: Cutting-edge Insurance Companies in the Age of Insurance IntelligenceThe report is based on Majesco’s preliminary research into how insurance companies are investing in technology and…

MSIG USA, the U.S. insurance subsidiary of global insurer MS&AD Insurance Group Holdings, has appointed Karla Scott as head of freight and logistics, further strengthening its ocean platform and expanding its capabilities. Drawing on her more than 25 years of experience in ocean freight, logistics, inland marine and hull underwriting, Scott will lead the strategic…

AXA XL, the property, casualty and professional risks division of AXA Group, has announced leadership changes affecting its business in Austria and the Central and South-Eastern Europe (CSEE) region. The company has been operating in Austria and the CSEE region for almost 30 years and considers the region to be of increasing strategic and economic…

The board of directors of SanlamAllianz, the pan-African non-bank financial services company jointly established by Sanlam and Allianz, has appointed Hennie Nel as its next chief executive officer (CEO) with effect from September 1, 2026. Heinie Werth will retire at the end of 2026. Werth retires after a distinguished 28-year career with the Sanlam Group,…

Moody’s said the global insurance protection gap is widening as economic growth shifts to underinsured emerging markets, where insurance penetration remains low and catastrophe losses are increasingly uninsured. According to the company’s report, coverage gaps are generally larger in developing economies, where insurance penetration remains low due to limited availability and affordability constraints. In contrast,…

Global reinsurance brokerage and advisory firm Gallagher Re has confirmed that Minesh Jani has now joined as Chief Executive Officer (CEO), India, a news announced back in February. A Gallagher Re spokesperson said: “Minesh has built strong relationships with customers, markets and regulators in the region, resulting in continued growth and long-term partnerships. His forward-looking…

Verisk data shows that the financial performance of the U.S. property and casualty (P&C) insurance industry improved year-on-year in the first quarter of 2026, with the combined ratio of insurers at 92.4, but premium growth slowed significantly. The industry expects net underwriting earnings of approximately $15.8 billion in the first quarter of 2026, according to…

Global life and health reinsurer Reinsurance Group of America (RGA) announced the appointment of Laura Cockrill as chief financial officer, effective immediately. Cockrill will succeed Axel André, who will leave the company on July 17 to pursue new opportunities. Cockrill has been with RGA for over 25 years and has distinguished himself in roles of…