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Italy-based insurance company Generali and BPCE banking group have jointly decided to terminate negotiations to establish an asset management joint venture. On January 21, 2025, Generali and BPCE signed a non-binding memorandum of understanding (MoU) to create a joint venture between their respective asset management businesses. Following the announcement, both companies engaged in extensive discussions…

Dubai National Insurance & Reinsurance PSC (DNIR), a publicly held company operating in the United Arab Emirates, has announced the resignation of AR Srinivasan as Chief Executive Officer (CEO). Srinivasan, who held the position since August 2023, left the company due to personal reasons. “The company expresses its sincere gratitude to Srinivasan for his valuable…

DBRS Morningstar, a credit rating agency known for independent financial analysis and industry research, said the outlook for the Canadian property and casualty (P&C) insurance market remains neutral in 2026. DBRS Morningstar said the industry continues to benefit from strong capital positions, resolute underwriting practices and prudent provisioning, all of which are helping to balance…

Howden-owned DUAL Europe today announced the immediate appointments of Amaury Berhault and Jaume Benajiba as Managing Directors of its European Transaction Liabilities business. Berhault and Benajiba each have more than 17 years of expertise in transaction liability underwriting. They join DUAL from Acquinex where they served as co-heads of Southern Europe and Latin America and…

Specialist insurance provider Direct Commercial Limited (DCL) has appointed Steve Knights as new business underwriter in the London market, effective from 9 December 2025. He will join the new business team based out of the firm’s Lime Street offices in London. Knight brings extensive experience from his previous role at Aioi Nissay Dowa Europe (AND-E),…

Multi-category, multi-region managing general agent (MGA) Pen Underwriting has announced the extension of its decades-long strategic partnership with Zurich, UK, and the signing of a newly expanded multi-year specialist fleet capacity agreement. The new agreement builds on a 35-year partnership that continues to provide fleet capacity to the hazardous cargo, tanker and environmental industries and…

NFP, the property and casualty (P&C) brokerage and benefits consulting provider owned by Aon, has promoted and expanded the role of Caleb Noel to executive vice president (EVP) and chief financial officer (CFO). Based in Austin, Noel will report to NFP CEO Doug Hammond and Aon’s finance team. In his new role, Noel succeeds Brett…

Global law firm Kennedys said rising geopolitical tensions, ongoing trade disputes, climate-related hazards and post-Brexit regulatory challenges are creating a complex and unstable risk environment that is testing the resilience of the global marine insurance industry. Kennedy partners Chris Chatfield and Shaan Burton highlighted the geopolitical landscape as a major factor shaping the current and…

Engineering insurance and inspection services provider HSB (UK and Ireland) has announced that Managing Director Terry Dyson has decided to retire at the end of March 2026. Dyson has a forty-year career in the insurance industry. He joined HSB in 2019, eventually becoming Commercial Director in 2022, successfully leading the company’s sales, business development, partnerships…

Avocet Partners, a new insurance-focused investment and operating platform, has launched with $500 million in committed equity from funds managed by Oaktree Capital Management, LP and Lane42 Investment Partners, LLC. Led by an experienced operator founding team with a proven track record in building, scaling and managing insurance platforms across multiple market cycles, Avocet was…