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Fitch Ratings has upgraded Oman Re’s Insurer Financial Strength (IFS) rating to “BBB” from “BBB-” with a stable outlook. Fitch said the upgrade reflects reduced investment and asset risks following the upgrade of Oman’s sovereign rating to “BBB-” on December 8, 2025. The ratings agency said reductions in investment and asset risk were the key…

Xianwei Lee, an executive with extensive experience in cross-border transactions and deep knowledge of Asian markets, has joined global insurance and reinsurance brokerage group Howden as head of Asia M&A. In his new role, Xianwei will be responsible for leading the expansion of Howden’s M&A capabilities across the region. In this role, he will work…

PricewaterhouseCoopers disclosed that between June 1 and November 30, the insurance industry completed a total of 207 M&A transactions with a transaction volume of US$31.8 billion. It is expected that transaction activity in 2026 will be roughly consistent with this year. The company said transaction volumes have remained stable over the past 12 months as…

Independent Lloyd’s insurance and reinsurance broker ATL has expanded into the specialist insurance market with the appointment of James Wilson. In his new role as director, Wilson will lead ATL’s expansion into M&A, tax and capital risk areas, as well as a broad specialty product line that complements the broker’s long-standing expertise in the energy…

The International Group of P&I Clubs (IG) has finalized its pool and group excess loss (GXL) reinsurance structure for the 2026/27 policy year, introducing two key changes as the environment shifts to higher levels of pool claims activity. “Following a relatively benign joint claims environment in the 2022/23 and 2023/24 policy years, joint claims activity…

Specialty insurer CFC has appointed Justin Camara, formerly of Aspen Insurance Holdings, as CFC USA chief executive officer (CEO) to lead the airline’s growth strategy in the country. Kamara, who is expected to begin his new role in the first quarter of 2026, will bring nearly three decades of industry experience to the insurance company….

Moody’s Ratings expects reinsurance supply and demand to favor buyers at the key renewal date of January 1, 2026, with property catastrophe reinsurance pricing likely to fall by around 15%, depending on region and risk. After reaching a high in 2023 following the so-called post-reset, property catastrophe reinsurance pricing has been declining throughout 2025, with…

BMS Group has announced a strategic partnership with Berns Brett India, marking its expansion into the Indian market, and the local entity will be renamed BMS (India) Ltd, pending regulatory approval. Nick Gillett, chief executive of BMS International, commented: “BMS’s regional investments from Turkey to India demonstrate our focus on these exciting growth areas and…

Jefferies analysts warned in a new note that risk-adjusted pricing will deteriorate further, with a mild hurricane season likely to trigger a 10-15% decline. Analysts say property risk-adjusted rates turn negative at renewal on January 1, 2025, and reinsurance brokers/carriers mostly indicate mid-single-digit declines will worsen to about 5-10% at renewal in mid-2025. Jefferies experts…

Maximum Information has raised £2.3 million in a seed round led by Insurtech Gateway, with participation from Liberty Mutual Strategy Ventures, Convex and Portfolio Ventures. Founded in 2020, Maximum Information is dedicated to improving global resilience to natural disasters through advanced disaster modeling analysis. Its platform provides re/insurers, financial institutions and other risk-facing sectors with…