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Japanese life insurers have become increasingly reliant on reinsurance in recent years, largely driven by sectors preparing for the new J-ICS solvency regime to come into effect at the end of March 2026, a new report from AM Best shows. The rating agency said the overall cession rate (as a percentage of the segment’s total…
Beazley, a major specialty insurer, has expanded the responsibilities of Stefan Wunderlich and appointed him as head of alternative risk transfer (ART) in addition to his existing role of head of parameters. Wunderlich will relocate to Bermuda for his new role, subject to immigration approval. The move strengthens the insurer’s commitment to Bermuda and follows…
Nigeria-based Africa Reinsurer reported gross written premiums (GWP) increased by 9.9% to $316.3 million in the first quarter of 2026, compared with $287.8 million in the first quarter of 2025. Despite this, gross premiums and net premiums still fell by 4.8% and 3.2% respectively. For the quarter, gross premiums earned were $249.5 million, compared with…
Santam Syndicate 1918, the Lloyd’s platform of Santam Group, Africa’s largest non-life insurance company, has announced the appointment of Sam Geddes as Chief Executive Officer. He will be based in London and report to Gareth Beaver, CEO of Santam Expert Solutions. Santam Syndicate 1918 said Geddes joins the company with more than 25 years’ experience…
Liberty Specialty Markets, a division of Liberty Mutual Insurance Group, has announced the appointment of Monique Kooijman as general manager for the Netherlands, Belgium and Northern Europe. Liberty Specialty Markets said: “Kooijman’s appointment reflects our continued investment in our European business, driving continued growth in these strategic markets and supporting our wider ‘Invest in Europe’…
Insurance company SEADRIF and the Food and Agriculture Organization of the United Nations (FAO) have launched an anticipatory drought insurance pilot in the Lao People’s Democratic Republic (Lao People’s Democratic Republic). The initiative marks the first time a Southeast Asian government has access to a parametric insurance framework specifically designed to deploy pre-arranged funds ahead…
Australian insurance company IAG has announced that its subsidiary Insurance Australia Limited (IAL) has agreed to a confidential settlement of proceedings brought by Greensill Bank AG and its insolvency representative, Dr. Michael C. Frege. The case, known as the Greensill Bank Litigation, was brought in the Federal Court of Australia following the collapse of Greensill…
BOXX Insurance, part of Global Business & Operations in Zurich, has announced two key executive appointments to drive U.S. expansion and international growth. Neal Jardine has been named chief operating officer (COO) and president of BOXX Canada, and Elizabeth Kim has been named the new president of BOXX America. Since 2022, Jardine has been focused…
Global insurance and reinsurance broking group Howden has announced the appointment of TS VijayaVenkateswaran as executive vice president, property and risk management, India. He brings over 24 years of extensive experience in risk management, insurance practices and claims handling in the freight, engineering, property and liability sectors to his new role in Chennai. Throughout his…
Chris Dittman, executive managing director and head of Florida operations at brokerage group Aon, believes the Florida property catastrophe reinsurance market is the healthiest and most stable it has ever been, citing stronger balance sheets, solid underwriting results, improved capital levels and continued stability following recent reforms. In an AM Best analysis briefing on the…