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Core Specialty Insurance Holdings, Inc. and its subsidiaries announced the appointment of Jeff Consolino, the company’s founder, president and chief executive officer, as executive chairman and announced other changes to the board of directors. Consolino will succeed Ed Noonan, who has resigned as executive chairman of Core Specialty’s board of directors. Noonan, who has served…
OAK Global, a global risk partner, sponsored its first catastrophe bond issuance through the issuance of $150 million of Quercian Re 2026-1 bonds, underwritten by two dedicated syndicates at Lloyd’s. The transaction provides OAK Reinsurance Syndicate 2843 with fully collateralized, multi-year retrocession protection against U.S. and Canadian storms and earthquakes and U.S. wildfire events over…
Global insurance brokerage, risk management and advisory company Gallagher has increased its stake in ACE Gallagher Holding, a leading insurance brokerage in the Middle East and Africa, majority-owned by MIG Holding, from 30% to 49%. ACE Gallagher provides risk management and insurance solutions to businesses and is reported to be a “pioneer” in the insurance…
Simon Hunt has been appointed CEO of HDI Global UK and Ireland with effect from 1 June 2026, having served as interim CEO following the departure of Stephanie Ogden in February 2026. Ger Twomey will continue as interim Chief Financial Officer (CFO). Hunt, who previously served as chief financial officer for the UK and Ireland,…
Hamilton Insurance Group has launched a private client division within its London-based specialist insurance platform Hamilton Global Specialty, appointing Jamie Keaney to lead the business. Keeney, the London-based head of private client insurance, will be responsible for the development of Hamilton’s private client business, which will reportedly provide tailored insurance solutions to high net worth…
Global insurance and reinsurance brokerage and risk advisor Aon has expanded its global competency center in Bengaluru with a new facility at The Earth Center by Vista Spaces in Whitefield. The broker maintains smooth global operations, supported by a handful of global competency centers in India as well as Europe and Latin America, enabling integrated…
Independent global insurance and reinsurance broker BMS Group has appointed Catarine Xavier Silva to its BMS Re Brazil team as operations manager to lead the premium and claims division. The company continues to grow its presence in Brazil as part of its broader regional growth strategy. Xavier Silva joins BMS Group with more than 20…
Credit rating agency AM Best upgraded the financial strength rating of Hong Kong reinsurance company Fushang Reinsurance Company, a subsidiary of Tencent Holdings Ltd., to A (excellent) from A- (excellent). It also upgraded its long-term issuer credit rating to “a” (outstanding) from “a-” (outstanding), with a stable outlook. AM Best attributed the revised rating to…
MAPFRE Re, the reinsurance arm of Spanish insurance company MAPFRE, has announced the appointment of Chaturbhuj Bansal as head of its India unit, pending regulatory approval. With approval from the Indian International Financial Services Center Authority (IFSCA), MAPFRE Re’s India office was established in February 2026 at the Gujarat International Financial Technology City (GIFT City)….
Global insurance intermediary platform ANV Group Holdings Ltd. has acquired Specialty Comp Insurance Solutions (SCIS), a Texas-based managing general agent (MGA) specializing in workers’ compensation insurance that is difficult to place with a single policy, from Specialty Program Group, a subsidiary of Hub International. The acquisition is designed to strengthen ANV’s specialty product offerings and…