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MENA reinsurer Saudi Re has completed the implementation of its reinsurance surplus distribution policy, a strategic move expected to significantly boost its financial performance in the coming months. In a statement submitted to the Saudi Exchange, the company confirmed that it has completed the necessary procedures to settle the accumulated surplus, thereby transferring back the…
Mark Kahf has been appointed Head of Swiss Property at Swiss Re Corporate Solutions, the commercial insurance arm of Swiss Re Group, effective May 1, 2026. Kahf originally joined Swiss Re Corporate Solutions in 2014 as a property underwriter, following a three-year stint at global insurer Chubb. During his time at Chubb, the executive served…
The Insurance Council of Australia (ICA), the national body representing Australia’s general insurance industry, has urged a federal parliamentary inquiry to prioritize increasing funding for local governments to improve flood resilience in the face of more severe and more frequent extreme weather. Submitting its report into the Local Government Funding and Financial Sustainability Inquiry, the…
Newport Specialty Partners, a recently launched specialty insurance platform backed by Lovell Minnick Partners, has completed a majority investment in Complex Coverage, Inc., a New York managing general agency specializing in homeowners and personal lines. Newport Specialty Partners is focused on developing a diversified managing general agency and specialty insurance distribution platform and is strategically…
Specialist insurance and reinsurance broker Price Forbes has announced the appointment of Malcolm Payton to its senior leadership team, effective December 9, 2026. Payton will be based in London and will report to Specialty Broking CEO John Thompson. In his new role, he will work closely with the Price Forbes and Price Forbes Re leadership…
Optalitix, an insurtech company specializing in underwriting and pricing solutions, has announced a strategic partnership with global insurance organization HW Kaufman Group to assist in the expansion of its London market operations through its wholesale insurance brokerage and underwriting arm, Burns & Wilcox. The arrangement is designed to enhance the way commercial property products in…
The board of directors of global insurance company American International Group (AIG) has confirmed that Eric Andersen will serve as AIG’s president and chief executive officer (CEO) and join the company’s board of directors on June 1, 2026. It was revealed in January that Peter Zaffino would take over as executive chairman of AIG’s board,…
Specialist insurance and reinsurance group Fidelis Partnership (TFP) has signaled its intention to deepen and expand its partnerships in the Middle East. Following a high-level management visit to the region, the reinsurer stressed that a continued physical presence is critical to navigate the region’s current economic and geopolitical volatility. TFP believes direct market dialogue is…
South Korea-based global reinsurer Korea Re has announced that Thana Narayanan has been appointed Chief Underwriting Officer (CUO) of its Dubai office. Narayanan brings a wealth of regional and industry experience to Korean Re, having been with the organization for more than eight years prior to this appointment. Most recently, he served as part-time regional…
Global credit rating agency Fitch Ratings has issued a report examining a group of Bermuda and U.S. re/insurance companies, namely Arch Capital Group Ltd., Ascot Group Limited, Hamilton Insurance Group Ltd., RenaissanceRe Holdings Ltd. and SiriusPoint Ltd. Fitch Ratings noted in its report that the overall financial strength of the group remains solid despite differences…