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International reinsurer Arundo Re has successfully updated its 157 Re collateralized reinsurance sidecar, with 157 Re 26 becoming the eighth version under the platform, once again supported by Boussard & Gavaudan Investment Management LLP and new investors. The 157 Re sidecar facility provides the French reinsurer with an efficient way to obtain reinsurance from the…
Falcon Risk Services, the wholly owned managing general agent (MGA) of HDI Global SE, has promoted John Merchant to chief underwriting officer (CUO), effective January 1, 2026. Merchant was the first employee to join Falcon in October 2021, and he has since played an important role in MGA’s growth and development in the U.S. specialty…
Insurers are vital to the competitiveness of the UK’s financial and related professional services sectors, but a report by TheCityUK and PwC UK warns that lagging insurance processes and market infrastructure threaten this position without urgent modernisation. The report draws on insights from more than 300 senior leaders in the UK financial and related professional…
Global specialist broker Price Forbes has announced the appointment of Alexander Rogers as Network Claims Manager, based in London. Rogers provides full lifecycle claims advocacy and around-the-clock support for clients dealing with complex cybersecurity incidents. He helps insureds overcome technical complexities, protect financial outcomes, and emerge stronger and more resilient during crises. The executive has…
Tobias Sonndorfer (CFA), Chairman and CEO of VIG Re, said the company’s new three-year strategy, VIG Re 28, marks a natural evolution to leverage data and technology to enhance customer value and create compelling opportunities to work with partners to navigate global uncertainty. The new three-year strategy is centered around three pillars: Strengthen, Expand and…
Tobias Sonndorfer (CFA), Chairman and CEO of VIG Re, said the company’s new three-year strategy, VIG Re 28, marks a natural evolution to leverage data and technology to enhance customer value and create compelling opportunities to work with partners to navigate global uncertainty. The new three-year strategy is centered around three pillars: Strengthen, Expand and…
MSIG USA, the U.S. subsidiary of Tokyo-based MSIG Holdings, Inc., has appointed Ron Morrison as chief claims officer, reporting to CEO Peter McKenna. He has extensive experience overseeing complex commercial claims operations and is known for disciplined leadership, sound decision-making and strengthening claims as a core function of professional insurance organizations. “Claims play a decisive…
Digital home and auto insurance provider Kin has launched auto insurance for its home insurance customers in Florida and Texas, a move that allows people living in two of the most volatile insurance markets in the United States to bundle their policies for significant savings. This expansion is a direct response to the growing challenges…
Global insurance and reinsurance brokerage group Gallagher has appointed Adam Sullivan as chief executive officer (CEO) of Gallagher Specialty Asia. Sullivan brings more than 30 years of industry experience to his new role. He entered the aviation insurance market in 1992 and has since gained extensive experience in providing a diverse range of customized customer…
Howden Re’s Aerospace Treaty team said the future direction of key risk market conditions following the January 1, 2026 renewal will likely depend on the final amount of losses incurred in 2025. After a relatively modest period of major risk airline losses, the past year has seen a number of high-profile claims, including American Airlines’…