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Traditional acquirer DARAG Group has announced the completion of a Portfolio Transfer Agreement (PTA) for Protector’s Danish workers’ compensation business and the signing of a Loss Portfolio Transfer (LPT) and PTA with another European airline. DARAG’s German insurer DARAG Deutschland AG completed the PTA of Protector’s Danish workers’ compensation portfolio between 2012 and 2025 with…

JP Morgan said European reinsurance profitability is well above historical levels, meaning a major shock would be needed to reverse the current trend in reinsurance prices. In a recent report, JPMorgan described the reinsurance industry’s strengthening profitability as a “blessing and a curse.” This means profits remain high and will have to fall further to…

Markel Nederland has successfully completed a massive digital transformation, replacing its core systems in just eight months, a time period the company says is an industry record. Supported by consulting and technology partner IG&H, the transformation is designed to significantly speed up claims and policy processing. In such a short time, Markel was able to…

ACORD, the global standards-setting body for the insurance industry, has announced its 2026 board of directors, which will be chaired by Robert Kelly AM, founder, managing director and CEO of Steadfast Group Limited. Kevin Tobin (External Director) will serve as Vice Chairman. The Board of Directors consists of 18 members, including 7 new directors. “As…

James Mahon, head of reinsurance pre-sales at DXC Technology, emphasized that in an increasingly complex and softening market, reinsurers/insurers must rethink their renewal strategies and invest in automated renewal management, rather than relying on manual, people-dependent processes. Mahon told Reinsurance News that recent market conditions have made the renewal process increasingly complex. However, despite its…

Global reinsurer SCOR has joined a consortium of more than 10 leading reinsurers/insurers to support the recently launched insurance facility designed to support artificial intelligence (AI) and data center infrastructure. The $750 million facility, launched by Advanced Technology Assurance (ATA), is described as the first of its kind to consolidate multiple traditional and new insurance…

Specialist insurance intermediary PIB Group has announced the appointment of Chris Jackson as chief executive of its underwriting and distribution (U&D) business. Jackson will succeed Charlie Burgess, who has resigned to pursue other opportunities. These changes will take effect on April 1, 2026. After two years of successfully building PIB’s pan-European distribution capabilities, Burgess will…

Jim Bichard, current leader of PwC’s global insurance division, will take over as chief financial officer (CFO) of Specialty Lloyd’s Insurance and Reinsurance Markets in April 2026, succeeding Alexandra Cliff. Cliff was announced nearly a year ago to succeed Burkhard Keese as Lloyd’s Chief Financial Officer and will serve as Deputy Chief Financial Officer from…

Global insurance and reinsurance broking group Aon has released insights from its new data-driven tool designed to help organizations build sustainable resilience and drive growth, called the Aon Resilience Quotient, which was developed in partnership with US multinational analytics and consulting firm Gallup. The broker explains that its Resilience Quotient combines public sentiment on global…

WTW business Willis has announced the appointment of James Tedder as Director of its International Real Estate team, part of Willis Direct & Facultative Global Specialty. Tedder has over 15 years of industry experience. He has been with Marsh since July 2010, joining WTW, initially as an Account Processor. Most recently, he served as Senior…