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The Federal Emergency Management Agency (FEMA) has now reported participants for its 2025 National Flood Insurance Program (NFIP) reinsurance placements, with the number of participants increasing by 50% from the previous year. In January, FEMA reported that it increased the NFIP’s reinsurance coverage for 2025, transferring $757.835 million of the NFIP’s financial risk to the…

European property and casualty (P&C) insurance group Marco Capital Holdings Limited has acquired Stewart Title Europe Limited, which has been in the runoff since early 2025. Marco Capital provides reinsurance and end-of-life solutions to re/insurance operators and corporates to optimize balance sheet efficiency, operational management, and capture loss reserve portfolios through reinsurance, portfolio transfers, and…

AM Best upgraded the credit ratings of Chicago-based insurance company CNA Financial Corporation (CNAF) and its property/casualty (P/C) subsidiaries (collectively, CNA Insurance Companies (CNA)) and members of the Western Surety Group (WSG). The financial strength rating (FSR) was upgraded from A (excellent) to A+ (excellent), and the long-term issuer credit rating (long-term ICR) was upgraded…

Christopher Gray, director of reinsurance at Westfield Specialty International, stressed that reinsurers will need to be creative to succeed in 2026, offering multi-category expertise, cross-category relationships and the ability to develop new products and customized solutions to meet clients’ specific needs. Gray stressed that currently too many reinsurers are chasing too few buyers, leading to…

Aberdeen Group plc, an investment manager with over £200bn of assets under management for pensions, insurance and other institutional clients, has agreed to become the sponsoring employer of the Stagecoach Group Pension Scheme (SGPS). The strategic move will benefit the scheme’s 22,000 members and marks an important step in Aberdeen’s growing role in managing defined…

Independent insurance manager Strategy Risk Solutions (SRS) has announced the appointment of Sandy Bigglestone as Managing Director/Chief Governance, Regulatory and Compliance Officer (CGRCO), effective January 2026. In her new role, Beaglestone will provide firm-wide leadership and guidance to ensure clients have best-in-class governance programs and remain compliant with regulations affecting captive owners in various jurisdictions….

The Lloyd’s Market Association (LMA) expects 2026 to be a “year of significant transformation”, particularly in approaches to claims management and market business planning amid softening rates and new regulatory expectations. The association expects significant shifts in 2026 in three key areas: technology adoption, data standards and shared connectivity platforms. The LMA considers rigorous enforcement…

Global insurance and reinsurance brokerage group Howden has announced the appointment of Elizabeth Neumann as executive vice president (EVP), head of financial insurance claims. Based in New York, Neumann will be part of the US Financial Lines management team, led by Ron Borys, who was appointed group head of Howden US Financial Lines in October…

K2 Rubicon Specialty, a division of K2 International and K2 Insurance Services, has announced the appointment of Vicky Hayward as Head of Hull Division. With this new hire, K2 Rubicon Specialty strengthens its marine underwriting capabilities and commitment to the London market, with the company recognized for providing underwriting expertise in maritime, US property and…

Fitch Ratings expects the recent fire at Hong Kong’s Wang Fook Court to lead to a surge in near-term claims, but says these should be manageable and unlikely to affect the ratings of China Taiping Insurance Group Co. Ltd. (TPG, A-/Stable), whose Hong Kong unit underwrites the complex’s property and liability policies. The fire caused…