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BMS Group, an independent global insurance and reinsurance broker, has established a Global Competence Center (GCC) in Mumbai, led by Nipun Mapara as Managing Director (MD) and Sanjeev Poojari appointed as Head of Operations. The new center marks an important step in the broker’s long-term strategy to build data, analytics and artificial intelligence (AI) capabilities…

Carrick Group Limited, an international non-life insurance company headquartered in Bermuda, announces the transfer of the reinsurance contracts of the UK branch of IRB-Brasil Resseguros to Community Reinsurance Corporation Limited through an insurance business transfer scheme under Part 7 of the Financial Services and Markets Act 2000. According to reports, the transfer has been approved…

Global reinsurance brokerage and advisory firm Gallagher Re has announced the appointment of Minesh Jani as Chief Executive Officer (CEO), India. 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 approach and deep understanding of the Indian…

Echo Reinsurance Limited (Echo Re), a Swiss-based reinsurer, has announced the appointment of Rajil Khare as Senior Underwriter for the Indian Subcontinent, effective June 22, 2026. The company said his appointment further strengthens Echo Re’s presence in the fast-growing Indian market. While the reinsurer has maintained a steady presence in India for more than a…

IRB-Brasil Resseguros SA (IRB(Re)), a Brazilian reinsurer that provides risk transfer and reinsurance solutions to insurance companies in Brazil and abroad, has launched a series of initiatives aimed at expanding its international presence while expanding its activities in the domestic market. In a separate market announcement in June, IRB(Re) outlined plans to establish a new…

International insurer and reinsurer QBE has appointed Callum O’Brien as head of Asia protection and indemnity (P&I). The move strengthens QBE’s UK maritime offering in an area at the heart of its maritime ambitions. In his new role, O’Brien succeeds Sebastian Tjornelund, who previously held the position before being appointed Asia Head of Underwriting Marine,…

Waypoint Underwriting Management, a division of Brown & Brown, has entered into a reinsurance intermediary management agreement with MEM Mutual Insurance Company (MEM) to underwrite property, casualty and workers’ compensation treaty reinsurance business on behalf of MEM. Waypoint is a specialty reinsurance underwriting manager providing property, casualty and workers’ compensation reinsurance solutions across North America….

AXA XL, AXA’s property, casualty and specialty risks division, has announced the appointment of Samantha Wotton as head of underwriter development. Wotton will join AXA XL after six years at DUAL Group, the international underwriting arm of Howden Group. During his time at DUAL Group, Wotton served as UK Deputy Commercial Officer, where he was…

Novel Financial Holdings has secured investment from specialist private equity firm Flexpoint Ford to support its continued expansion as a diversified underwriting and insurance services holding company. The capital investment, funded through Flexpoint Asset Opportunity Fund III and Flexpoint Insurance Opportunity Fund I, expands Novel’s ownership base and solidifies its position as an independent insurance…

Global reinsurer Swiss Re has announced the creation of a new business unit, Alternative Capital Solutions, which will cover its retrocession buying activities as well as insurance-linked securities (ILS). The Alternative Capital Solutions team was launched on July 1 and will be led by long-time veteran Mirjam Wiget. In her new role, Wiget will oversee…