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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…

Lockton Re, the reinsurance arm of insurance broker Lockton, has launched a new division: London North American Portfolio Solutions (LNAPS), led by industry leader Henrietta Butcher. Butcher began her career at Tysers in 1991 as Managing Director. In his new role at Lockton Re, Butcher joins senior agents David Soper, Richard Hodge, Henry Spratt, Paul…

Global specialist insurer and reinsurer Brit Group Holdings Limited has hired Lloyd’s of London’s Jane Bioletti as its new head of operations, reporting to the company’s director of operations, Susan Andrew. Bioletti joined Brit in December from the specialist Lloyd’s insurance and reinsurance market, where she was most recently director of licensing, leading Lloyd’s licensing…

Credit ratings agency AM Best has confirmed the outlook for Malaysia’s non-life insurance industry is stable, highlighting regulatory measures aimed at increasing insurance penetration and the phased removal of tariffs on motor and fire insurance. The rating agency noted that although Malaysia’s real GDP growth is expected to slow in the near term due to…

New analysis released by the Center for Disaster Protection, an independent organization dedicated to strengthening the way the global system finances responses to climate and disaster shocks, shows that pre-arranged disaster risk financing is expanding rapidly around the world, while the poorest and most vulnerable countries still receive only a fraction of the total. In…