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Canada Life, a life insurance, pensions and investment company, has completed the full subscription of £30 million of the Phoenix Medical Supplies Pension Scheme, protecting the future benefits of more than 145 pensioners and 80 deferred members. Barnett Waddingham played a number of roles in the transaction, serving as lead broker in addition to serving…
The Tennessee Department of Commerce and Insurance (TDCI), the state agency that oversees insurance, securities and various business regulations in Tennessee, announced that 2025 marked the sixth consecutive year of growth in active captive insurance units and risk-bearing entities. TDCI Commissioner Carter Lawrence commented, “By combining responsible regulation, modern captive insurance regulations, and a professional,…
MSIG USA, a specialty insurance provider offering a range of business and personal insurance solutions, has appointed Matt Thompson as head of distribution for the South Central region. In this role, Thompson will drive growth and strategic initiatives in Texas, Oklahoma, Mississippi, Louisiana and Arkansas, reporting to Joseph Fitzpatrick, head of distribution for MSIG USA….
In its latest industry analysis, Aon highlights that hybrid configurations are the wave of the future as 97% of insurers accelerate automation (one of the most automated levels of any industry), but the journey to achieve this ideal continues. As technology redefines the competitive landscape for talent, recruiting alone is no longer enough to close…
Global property and casualty insurer Chubb has announced two leadership appointments within its Overseas General (COG) division: Ben McGregor as senior vice president and head of commercial insurance property and Alex Forman as senior vice president and head of commercial insurance casualty. Both executives assume their new roles immediately and report to John DePeters, COG’s…
Global investment and insurance organization Starr has completed the acquisition of IQUW Group, creating a broader and more diversified specialist re/insurance platform with expanded capabilities in the London market, Bermuda and the UK retail automotive sector. Starr said that by acquiring IQUW, the company has strengthened its position in London and built its management agency…
Bermuda-based reinsurer PartnerRe has announced the appointment of former Aspen Insurance Group member Scott Kreuzer as chief executive officer (CEO) of P&C Americas. Kreuzer, who has nearly three decades of industry experience, will be responsible for leading the company’s property and casualty practice in the region. PartnerRe President Jon Colello commented: “With nearly 30 years…
Everest Group, a global specialty insurance and reinsurance company, has signed a definitive agreement to sell its Canadian retail insurance business, Everest Insurance Company of Canada (Everest Canada), to Wawanesa Mutual Insurance Company. The transaction is expected to close in the second half of 2026, subject to customary regulatory approvals and closing conditions. “This transaction…
Berkeley Asia Insurance has announced the appointment of Kenneth Cheong as Head of Asia Marine, effective April 1, 2026, succeeding Lee Ju-Ann. As part of the leadership development of Berkeley Insurance’s Asia Maritime team, Lee Ju-Ann will take on the newly created role of Senior Advisor and Talent Development Leader within the organization. “Ju-Ann has…
A new report from Autonomous suggests that direct insured losses should remain relatively manageable due to standard war and terror exclusions in many contracts, although the longer a conflict lasts and potentially expands, the greater the tail risk of events that could filter into losses across the reinsurance industry. Autonomous notes that property and casualty…