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R+V Re, a German reinsurer and part of privately held R+V Versicherung AG, has announced changes in the leadership of its business, promoting three long-term employees to lead different underwriting divisions. These promotions reflect R+V Re’s commitment to developing internal leadership leveraging its extensive underwriting experience and deep market expertise. Jessica Dear has been appointed…
David Flandro of Howden Re said that with geopolitical and macroeconomic trends reshaping an increasingly risky world and reinsurance pricing moving away from peaks in many business areas, there is a clear need for rationality and there are ample opportunities for underwriters to continue to deliver profitable growth. Reinsurance News recently spoke with Flandro, Managing…
RLI Corp., a specialty insurance company serving the niche property, casualty and surety markets, announced the appointment of Justin Doss as vice president of personal lines underwriting. In his new role, Doss will be responsible for leading underwriting and distribution strategy for RLI’s personal lines business. He has more than 25 years of industry experience…
Marsh, the insurance broker and risk advisor part of Marsh McLennan, has launched its Global Digital Infrastructure Contracts Advisory Group to help clients manage and streamline strategic services contracts throughout the lifecycle of their digital infrastructure assets. The digital infrastructure ecosystem includes data centers, fiber optic and wireless networks, AI/cloud platforms and their service providers,…
Independent insurance broker Lockton has appointed John Hatton as chief operating officer of its Dubai International Financial Center (DIFC) branch. In his new role, Hutton will lead the execution of our specialty and wholesale strategies, driving profitable growth and operational excellence. “His appointment reflects our commitment to building a connected, customer-focused organization that thrives on…
African Risk Capability (ARC) has launched Africa’s first sovereign parametric flood insurance policy, with the Republic of Madagascar becoming the first country on the continent to take out the new policy. ARC worked closely with JBA Risk Management to develop a parametric flood insurance solution based on scientific data and advanced hydrological models. This enables…
Swiss reinsurance company SIGNAL IDUNA Reinsurance Ltd (SI Re) has completed its January 2026 renewal, achieving results that are essentially in line with last year’s record 222 million euros. The company said the market has sufficient capacity, rates are weak, and the reinsurance program continues to be oversubscribed. Dr. Arnold Löw, CEO of SI Re,…
Recently, the Insurance Council of Australia (ICA) confirmed that insured losses from 3,123 claims resulting from Victoria’s devastating bushfires have exceeded $200 million, after the major event was upgraded to an insured catastrophe. This claim number includes property, auto, commercial and business interruption claims, of which 30% is property claims estimated as total losses. Bushfires…
Moody’s Ratings said California wildfire losses early last year failed to provide sufficient support for the latest January 1, 2026 renewals, while a mild Atlantic hurricane season in 2025 also resulted in real estate disaster prices being “slightly lower” than expected. Globally, insured losses from natural catastrophes will once again exceed $100 billion in 2025,…
As part of the new strategy, VIG Re has strengthened its client-facing senior leadership team with the appointment of Marc Haushofer as Managing Director, Asia Pacific and Joachim Mathe as Head of Special Markets. Under the VIGRe28 initiative, the company has launched a new customer service model that, as Tobias Sonndorfer, CFA, Chairman and CEO,…