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In India’s April 1 renewals, Gallagher Re found widespread softening in risk-adjusted rates across most lines and treaties in the country’s real estate sector, with loss-free and well-performing projects achieving an average rate reduction of -10% to -15%. Reinsurance broker Gallagher Re’s latest First View report highlights India’s transition to a softer and capital-driven phase….
Arc Legal Group, part of ANV Group Holdings, a provider of legal expenses insurance and assistance products, has announced the appointment of Ashley Law as chief executive. Prior to this, Lee Taylor decided to resign from the position due to personal reasons. This decision will be effective on May 1, 2026, subject to regulatory approval….
According to Gallagher Re’s April 1st View Renewal Report, U.S. cyber reinsurance rates fell approximately 32% during the April 1 renewal period, driven by a surge in overcapacity, which, coupled with stable performance and lower non-proportional pricing, facilitated the development of customized solutions for cyber portfolios. While key rates for most U.S. network operators remain…
Aon’s Reinsurance Solutions, the reinsurance arm of global broker Aon, has appointed Jukgrid Treesuttamas as senior advisor for Thailand, effective April 1, 2026. Headquartered in Bangkok, Treesuttamas will focus on enhancing the company’s capabilities to help Thai customers make better decisions to protect and grow their businesses. He is an industry veteran with more than…
Markel, the insurance business unit of Markel Group Inc., announces the appointment of James Shankland as Head of U.S. Ocean Freight. In his new role, Shankland will lead the growth of Markel’s U.S. freight portfolio, overseeing underwriting strategy, portfolio management and broker engagements. He will be based in Vankel’s New York office, working closely with…
Liberty Mutual Insurance President and Chief Executive Officer Tim Sweeney announced the establishment of a new leadership structure within the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses to more closely align their strategies, effective immediately. The new structure is designed to better serve customers and partners while enabling Liberty Mutual to…
AXA UK & Ireland announces the appointment of Caroline Riddy as General Counsel, effective 7 April 2026. Riddy succeeds Emily Coupland, who left the company in December after 24 years with various AXA UK entities. Riddy has over twenty years of legal and company secretarial experience in the financial services sector. Most recently, she worked…
Specialist venture capital firm BP Marsh, an early-stage financial services business, has acquired an additional 2% equity stake in Pantheon, a full-service London market wholesale insurance broker, from founders Robert Dowman and Michael Lee, valuing the equity at £275m. BP Marsh originally invested in Pantheon in June 2023, working with Robert Dowman to acquire a…
AM Best has revised the outlook for Canopius US Insurance, Inc. and Bermuda-based Canopius Reinsurance Limited to positive from stable. At the same time, the rating agency also affirmed the financial strength rating of both entities as A- (Excellent) and the long-term issuer credit rating of “A-” (Excellent). Canopius US and Canopius Re are both…
The Australian Reinsurance Pool Corporation (ARPC) is the government-backed organization that manages the national reinsurance program designed to support the availability and affordability of insurance in Australia. The company announced that its chief underwriting officer, Michael (Mike) Pennell, will retire later this year after a long and influential career in reinsurance. Pennell has been closely…