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Conditions in the casualty reinsurance market were relatively favorable as of January 1, 2026, driven by increased capacity and strong overall reinsurance demand, according to the latest renewal report from global insurance and reinsurance brokerage group Aon. Aon noted that increased capacity and strong demand from existing reinsurers and new market entrants will help increase…
Global insurance company Allianz Group has completed the sale of 23% stake in two joint ventures, Bajaj General Insurance Company and Bajaj Life Insurance Company, to Bajaj Promotor Group (Bajaj) for a total consideration of approximately 2.1 billion euros. The updated price is approximately 2.6 billion euros based on current exchange rates. Previously, Allianz Group…
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension plans, has completed its £155 million acquisition from the trustees of NG Bailey Pension and Life Assurance Plan. Through this transaction, the interests of 1,581 scheme members are protected and secured for the long term. The final agreement follows a series of historic…
Helios Underwriting plc has promoted Jen Tan to chief underwriting officer (CUO), tasked with overseeing portfolio underwriting strategy, syndicate capacity allocation and the ongoing management of the company’s underwriting portfolio. Tan joined Helios in October 2023 and most recently served as Head of Portfolio Strategy, responsible for portfolio construction and capital allocation on Helios’ Lloyd’s…
DUAL UK’s specialist motor MGA KGM has renewed its long-term capacity deal with Zurich, taking gross written premium (GWP) to more than £2 billion over the next five years. This additional commitment builds on the previous agreement reached in 2022, taking the duration of the partnership to nine years. This update is in line with…
Lockton Re, the reinsurance arm of Lockton, has appointed Robert Bisset as CEO of North America and Nick Durant as Global Vice Chairman. Bisset joined Lockton Re in 2021 as Chairman of Global Retrocession & Property Specialty, Bermuda and Market Capital, and a member of Lockton Re’s Global Executive Committee. Since then, he has established…
Reinsurance/insurance industry executives told KBW that the pricing cycle looks steeper as big rate hikes in 2023 leave more room for rate cuts, while the long-term pattern of higher highs and higher lows reflects stronger risk awareness among buyers and sellers and suggests there will be interest rate easing in the coming years, albeit at…
The Board of Directors of Resolution Life, a global life insurance group focused on reinsurance and the acquisition and management of life insurance portfolios, has appointed Moses Ojeisekhoba as its new Chief Executive Officer (CEO), effective July 1, 2026. In his new role, Ojeisekhoba succeeds founder, chairman and chief executive Sir Clive Cowdery, who will…
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…