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Fitch Ratings, the global credit rating agency, has maintained its ‘deteriorating’ outlook on the global reinsurance sector for 2027. According to Fitch, this reflects operating conditions that are weakening gradually from levels the agency continues to regard as sound. Fitch attributes the outlook to its expectation of further price declines in 2027, albeit less pronounced…
Lloyd’s, the global insurance and reinsurance marketplace, does not currently expect the continuing conflict in the Middle East to become a capital event for the market or have a material effect on its profit and loss, according to Chief Executive Patrick Tiernan. In a statement accompanying Lloyd’s first-half 2026 results, Tiernan said the market had…
Despite no end of speculation as to whether or not he’d be returning, it’s now been confirmed that Tom Hardy will, in fact, be appearing in the forthcoming third season of MobLand after all. Last year, Tom made his debut as fixer Harry Da Souza in the Paramount+ crime drama, sharing the screen with Dame…
Santam Limited, a South African property and casualty insurer and the parent company of Santam Syndicate 1918, has recorded a solid performance for the half-year of 2026 as conventional gross written premium (GWP) rose by 10%. Splitting the GWP, South Africa remains the group’s anchor, contributing 77%, with domestic market premium up 6.4% to £805…
Gloria Steinem, the feminist icon, journalist and a defining leader of the women’s movement, died this week at 92. Beyond her work as a social activist and one of the founders of the National Women’s Political Caucus, Steinem made her legacy by pushing for women’s equality as a co-founder of Ms. Magazine and as a…
JAB Insurance, the global insurance business of JAB Holding Company, has launched JAB Re, a reinsurance and capital solutions business that intends to build a financial advisory and wealth management business, led by Ed Sunoo within JAB Institutional. JAB Re is the flagship reinsurance and capital solutions business of JAB Institutional, offering customised solutions through…
Aon’s Mike Van Slooten has suggested the reinsurance market will become “more flexible” in 2027 as global reinsurer capital reaches a record $800 billion, with strong sector profitability continuing to support capacity and giving buyers greater scope to reassess their programmes. Van Slooten, Head of Market Analysis, Reinsurance at Aon, made the comments during an…
Manuel Arrivé, Head of EMEA Reinsurance Ratings at Fitch Ratings, said the growth of data centres and digital infrastructure in general presents both an opportunity and significant risk for reinsurers due to potential exposure, accumulation risk and modelling challenges. During Fitch’s 2027 Global Reinsurance Outlook webinar, Arrivé noted that reinsurers tend to take a very…
Gallagher, the global insurance broking and risk management group, has strengthened its Private Equity and M&A (PEMA) operation in EMEA with the appointment of Paul Jeroen van de Grampel as Chief Commercial Officer EMEA. Based in London, van de Grampel will work across the EMEA region as Gallagher continues to develop its specialist offering for…
Writer, activist and feminist trailblazer Gloria Steinem has died at the age of 92. Her spokesperson confirmed that, on 2 September, she passed “peacefully at her home in New York City, surrounded by some of the many who loved her”. Paying tribute, they wrote on Instagram: “Gloria’s near-century on earth were years well-lived, and she…