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Aon, the global insurance and reinsurance brokerage and risk advisor, announced that Jan-Oliver Thofern, Chief Executive Officer (CEO) of Aon Reinsurance and Chairman of the National Board of Directors of Aon Germany, will retire on January 1, 2027. Pending his retirement, Toffern will continue to carry out his full responsibilities and his successor will be…
Saudi Re, the reinsurer in the Middle East and North Africa region, has announced the appointment of Ruchi Jain as Chief Officer of its IIO-GIFT India City branch. In January 2026, Saudi Reinsurance received approval from the Saudi and Indian authorities to open a branch in GIFT City, India. Saudi Re has been active in…
National MGA and insurance program management company Distinguished Programs has entered the reinsurance market with the addition of Distinguished Reinsurance (DistinguishedRe), a new platform focused on property reinsurance led by Frank DiPaola. With more than 25 years of reinsurance experience, DiPaola will serve as president of DistinguishedRe Property, leading a dedicated team of interim and…
As hyperscale data center campuses push total insured value during the construction phase into the $20 billion to $50 billion range, the market is adapting to gradual changes in asset size, with S&P highlighting the opportunities for reinsurers to grow but also become increasingly selective. A new report from the ratings agency suggests that as…
Lumos Insurance, a wholly owned subsidiary of financial services holding company Hoplon Capital, has appointed Tom Kenny as managing director (MD) and senior vice president (SVP) of global retirement and protection as it builds its global reinsurance business. In his new role, Kenny will also support Lumos’ growth in the aged market and retirement business…
Harry Vardigans, director of insurance at Fathom, said the US flood insurance market offers a “profound opportunity” to reimagine existing flood risk products and innovate new flood risk products ahead of reinsurance renewals on July 1. In a recent interview with Reinsurance News, Vardigans said a “new wave” of agile capacity providers and managing general…
Life reinsurer Pacific Life Re announced its third asset-intensive collective reinsurance agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), the domestic life insurance subsidiary of Tokio Marine Holdings. The transaction focuses on in-force whole life insurance policies and is designed to mitigate long-term interest rate risk in Anxin Life’s investment portfolio….
Despite growing pressures such as the U.S.-Iran war, weak economic growth, rising inflation and rising government bond yields, business conditions in most insurance markets remain resilient, leading Fitch Ratings to maintain a “neutral” rating on the global insurance industry through mid-2026. The rating agency’s outlook for the global insurance industry is in line with its…
ANV Group Holdings Ltd., a global insurance intermediary platform, announced the completion of the acquisition of Associated Specialty Insurance Agency LLC (ASIA), a wholesale commercial insurance agency focused primarily on workers’ compensation insurance. Founded in 1994 and headquartered in Springfield, Pennsylvania, ASIA is a wholesale specialty agency with more than 30 years of experience providing…
United Insurance Brokers (UIB), an international independent insurance and reinsurance brokerage, has appointed Kevin Webb as director of its binder division, reinforcing the company’s focus on expanding its transportation and U.S. binder capabilities. Webb joins UIB with more than 25 years of insurance industry experience, particularly in the North American market and commercial transportation risks….