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Peter Zaffino, president and CEO of global insurance company American International Group (AIG), has informed the company’s board of directors that he plans to transition to executive chairman of AIG and retire as CEO in mid-2026, with Aon’s Eric Andersen named as his successor. Most recently, Anderson served as a member of the executive committee…
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, announced the appointment of David Saillen as Chief Underwriting Officer (CUO) Europe. Saillen succeeds Pierre-Edouard Fraigneau, who was appointed President Europe in July 2025, effective September 1, after five years at CUO Europe. Fraigneau retains legal and regulatory responsibility in relation to Liberty Mutual…
Skyward Specialty Insurance Group, Inc., a property and casualty specialty insurance company, has adopted Skyward Group as the unifying brand for the holding company following the successful completion of its acquisition of Apollo Group Holdings Limited, a Lloyd’s specialty insurance company. On September 3, 2025, Skyward Specialty entered into a definitive agreement with Alchemy, management,…
Westfield Specialty has appointed Cornelia Röskau as chief executive of newly formed Westfield Specialty Europe, which will begin underwriting operations in April, subject to regulatory approval. Röskau has almost 20 years of experience in the insurance industry and joins Westfield Specialty from Sompo, where she served as European CEO of SI Insurance from August 2023….
SageSure, a managed general underwriter (MGU) specializing in U.S. catastrophe properties, has completed its acquisition of Gemini Financial Holdings Corporation and its Olympus subsidiary. In September 2025, SageSure entered into a definitive agreement to acquire Gemini Financial and its subsidiaries, including Olympus MGA, the managing general agent of Olympus Insurance Company. Olympus Insurance Company specializes…
HDI Global, an international insurance company specializing in servicing commercial and industrial clients, has appointed Hiro Yamasaki as Managing Director and Legal Representative of its Japan branch. The appointment is in line with the insurer’s wider regional growth strategy and reinforces its commitment to disciplined underwriting, sustainable growth and strong partnerships with clients and brokers….
Global insurer and reinsurer MS Amlin has announced that 2026 renewals for Phoenix Re, its Asia-focused insurance-linked securities (ILS) vehicle, have reached a record $115 million, an increase of $25 million from 2025. As our ILS-focused sister publication Artemis revealed on December 24, 2025, this is the sixth update for the Phoenix Re sidecar vehicle,…
Matthew Whyte joins Willis Re as a broker, bringing 38 years of industry experience to further strengthen the company’s client support capabilities. Whyte spent 32 years with Guy Carpenter and its predecessor firms, leading client teams across global marine and energy, real estate and integrated accounts, and multi-level captive treaties. Wills Re explains: “Matthew strongly…
According to Howden’s latest renewal report, when reinsurance is renewed on January 1, 2026, the decline in European property catastrophe rates varies by region, with declines of up to 20%, and the company expects this part of the market to decline further in 2026. The global insurance and reinsurance brokerage group said these reductions in…
Australian insurer IAG has successfully implemented its 2026 catastrophe reinsurance program, adding RACQ Insurance (RACQI) to its primary catastrophe insurance, all-account quota share (WAQS) arrangement and total stop-loss protection. Readers may recall that following the successful acquisition of RACQI on September 1, 2025, IAG upgraded its fiscal year 2026 guidance. IAG’s catastrophe reinsurance program, combined…