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Japanese life insurance company Meiji Yasuda Group completed the acquisition of Banner Life Insurance Company and New York’s William Penn Life Insurance Company (Banner Life family company) for approximately US$2.3 billion. The acquisition follows a preliminary agreement announced in February 2025 and includes the US term life insurance and pension risk transfer (PRT) businesses previously…

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty and specialty insurance solutions, announces the promotion of Chris Polechronis to head of U.S. financial institutions Polechronis, headquartered in New York, will be responsible for the company’s financial institutions business nationwide. He has nearly 25 years of industry experience focused on financial institutions. He…

The rapid construction of data centers around the world is a huge investment opportunity but also creates headwinds, but global insurer Chubb’s capabilities in the area are extremely broad, CEO Evan Greenberg emphasized on the company’s recent earnings call. Greenberg emphasized that Chubb has “double-down” on its internal structures to provide comprehensive coverage for the…

Somerset Reinsurance Ltd., a provider of asset-intensive reinsurance solutions to the life and annuity markets, has hired MetLife’s Steve Belcher as its new chief financial officer (CFO), while Joelina Redden has also joined the company as chief legal officer (CLO). Belcher and Redden join its leadership team following a strong performance in 2025 for Somerset…

Simon Global Insurance Services (SGIS Group), a leading insurance brokerage platform, was approved by Lloyd’s of London as a registered broker on January 30, 2026. The approval was brokered through its subsidiary SGIS Malaysia Ltd., but as the company noted, the development elevates the entire group into “an elite circle of global brokerage firms” with…

Global reinsurer SCOR has appointed Andrei Romanescu as General Manager of its new Romanian office, SCOR Bucharest, to lead the development of its business in the country with a focus on improving efficiency, collaboration and execution. With this appointment, the reinsurer aims to bring together expertise in technology and data, finance, and property and casualty…

CGRE, an independent insurance and reinsurance brokerage, launches aviation insurance and reinsurance business, further expanding its expertise and global market capabilities. Matt Gould will lead the new business as head of aviation. He has over twenty years of experience in the aviation re/insurance market. The product will provide customized insurance, reinsurance and risk management solutions…

Aon has announced leadership changes for its Reinsurance Solutions business in Greece and Cyprus, with Dimitris Lymperis appointed regional CEO, succeeding Manolis Siatounis, and Evros Kyriakides appointed managing director. The company said the new senior leadership teams in Greece and Cyprus will work to provide better decision-making for insurance clients in the region, supporting them…

Jean-Paul Conoscente, CEO of French reinsurer SCOR Property & Casualty, said large European and some global insurers have taken advantage of reinsurance market dynamics to reduce the number of reinsurers in the core group at renewal on January 1, 2026. Conoscente said during SCOR’s 1.1 2026 P&C Renewal Call that cedents are looking to limit…

Crew Reinsurance Brokers has unveiled a new brand and corporate identity, marking the completion of ATL RE’s transformation that began in 2016. The change reflects the substantial growth and maturity the company has experienced in the Latin American and Caribbean reinsurance market. Headquartered in Miami, Crew Reinsurance Brokers represents a new look for a company…