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Hiscox maintained its 2024 and 2025 forecasts for its flagship Lloyd’s Syndicate 33, while significantly improving its 2024 outlook for Syndicate 6104, according to its latest fiscal year forecasts. The Bermuda-based specialty insurer said its current estimate for Syndicate 33’s 2024 account capacity remains between 3.4% and 15.4%, with 2025 account capacity also remaining between…
Bermuda-based global reinsurer RenaissanceRe Holdings Ltd. (RenRe) Chief Financial Officer (CFO) Robert “Bob” Qutub and Chief Portfolio Officer Ross Curtis will retire on December 31, 2026. RenRe confirmed that Matthew Neuber, RenRe’s senior financial officer and corporate treasurer, will succeed Qutub as chief financial officer, effective January 1, 2027. He will continue to serve as…
Life reinsurer Pacific Life Re has announced the appointment of Febby Mulewa as Head of Underwriting and Claims, European Protection, where she will oversee initiatives designed to drive sustainable growth and operational excellence across the entire protection business line. Mulewa will work closely with Pacific Life Re’s global underwriting and claims teams to coordinate and…
MSIG Specialty Insurance America, Inc., the new excess and surplus (E&S) insurance company of MSIG USA, has received an A+ financial strength rating and issuer credit rating from S&P Global Ratings, with a stable outlook. The rating is an important milestone for MSIG USA and its continued development as a “leading data-driven specialty insurance company”…
Protective Life Corporation, the U.S. subsidiary of Dai-ichi Life Group, revealed that its chief executive officer (CEO) Rich Bielen will retire at the end of 2026 and will be replaced by current president and chief financial officer (CFO) Paul Wells as president and CEO, effective January 1, 2027. Bielen has served as President and CEO…
Tearfund, a UK-based international humanitarian and development organization, has reported the first drought insurance payout of its kind in Nepal, helping vulnerable families avoid severe food shortages and deeper poverty following a failed harvest. The payout was triggered through a parametric insurance product developed by Global Parametrics (part of Celsius Pro Group), which uses satellite…
Santam Group, Africa’s largest non-life insurance company, has appointed Hemant Gulati as country head and chief officer of its operations at GIFT City, India’s first operational greenfield smart city and international financial services centre, pending regulatory approval. In his new role, Gulati will lead Santam GIFT City operations with a focus on strengthening the specialty…
ICIEC, a Sharia-based multilateral insurance company and a member of the Islamic Development Bank Group, has signed a framework reinsurance agreement with the OeKB (acting as agent of the Republic of Austria under the Export Guarantees Act) to strengthen export credit and investment risk protection. The agreement, signed during the 2026 Berne Union Spring Meeting,…
ICIEC, a Sharia-based multilateral insurance company and a member of the Islamic Development Bank Group, has signed a framework reinsurance agreement with the OeKB (acting as agent of the Republic of Austria under the Export Guarantees Act) to strengthen export credit and investment risk protection. The agreement, signed during the 2026 Berne Union Spring Meeting,…
Speaking on Accelerant’s first-quarter 2026 earnings call, Accelerant co-founder and CEO Jeff Radke highlighted the productivity gains the company has achieved through the use of artificial intelligence, including the development of in-house solutions designed to reduce and potentially eliminate reliance on expensive third-party software systems. Radke, who has previously highlighted that AI forms a core…