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Transatlantic Holdings (TransRe), the reinsurance arm of Alleghany Corporation, has promoted Mike Torre to head the global real estate portfolio, Maryam Haji to lead the global catastrophe management team and catastrophe modeling professionals, Desmond Pollock to lead the go-to-market team, and Eyal Shnaps now heads the U.S. customization team. These promotions are designed to increase…

AXA XL, the property and casualty division of global insurance company AXA Group, has announced the promotion of Matthew Stitham to chief underwriting officer (CUO), Americas Casualty. Stitham succeeds Donnacha Smyth, who will transition to the role of global chief underwriting officer of AXA XL Casualty in November 2025, responsible for overseeing the global casualty…

Global Risk Consultants Corp. (GRC), an independent provider of property loss control and risk engineering services, has acquired the U.S. field services business of Aon’s property risk control business from Aon. The move comes at a time when operational risks in the market are evolving faster than ever before and insurers need clearer, clearer risk…

National Reinsurance Company of the Philippines (Nat Re) announced the appointment of Von Edward Ebron as Vice President (VP) and Head of Life Reinsurance and Data Management. Ebron has more than two decades of experience in the insurance and reinsurance industry, spanning actuarial analysis, product development, strategic marketing, project management, corporate sales and operations management….

Dutch insurance company ASR Nederland NV (asr) has reached an agreement with BOVAG to acquire 100% of the insurance business of Bovemij NV (Bovemij) for 185 million euros in cash. Founded in 1963, Bovemij specializes in providing insurance and related services to the mobility industry. By 2024, total premium income from insurance activities will be…

Global reinsurance company SCOR has announced the successful cross-border transformation of its Irish subsidiary SCOR Global Reinsurance Ireland dac (SGRI) into a French entity. The company will now operate as SCOR Global Reinsurance France SA (SGRF) and will be regulated by the Authority for Prudential Regulation and Resolution (ACPR). According to the announcement, the switch…

With record levels of reinsurance capital supply from traditional and alternative sources at renewal on January 1, 2026, outpacing incremental demand from buyers, and with pricing “broadly returning to 2022 levels,” Fitch Ratings analysts expect global reinsurer profitability to decline but remain strong in 2026. Reinsurance broker reports show that prices for most lines softened…

Guy Carpenter, global risk and reinsurance expert and part of Marsh plc, has announced the establishment of a global Sidecar Center of Excellence (COE), led by Ed Hochberg. COE aims to provide clients with dedicated resources and holistic solutions to better manage their capital, volatility and growth. The company noted that this strategic move further…

AM Specialty Insurance Group has announced the appointment of Kevin Stephenson as chief financial officer (CFO) of AM Specialty Insurance Company (UK) and Viren Patel as chief risk officer (CRO). Stephenson is an FCA/ACA qualified accountant with over twenty years of financial leadership experience at Lloyds and the wider general insurance market, having developed deep…

Bermuda-based Mosaic Insurance has announced excess casualty insurance as its eighth global product line and appointed April Andruczyk as head of Bermuda excess casualty insurance to lead the new division. The agency, which begins underwriting immediately, will support large corporate and multinational clients facing rising liability costs, particularly in the North American market. In addition…