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Credit rating agency AM Best has assigned Swiss Ikano Re AG a financial strength rating of A (Excellent), a long-term issuer credit rating of “a” (Excellent), and a stable outlook. The founding family of global retail store brand IKEA is the majority shareholder of Ikano Re. The reinsurer provides reinsurance protection for risks associated with…
As Europe breaks record temperatures, many actors need to work together to build climate resilience, with the insurance and reinsurance industry acting as “risk translators” to help unite fragmented adaptation efforts, CUO P&C Re Gianfranco Lot highlighted at Swiss Re’s inaugural Swiss Resilience Day. The summit, held at Swiss Re’s Global Dialogue Center in Ruschlikon,…
AXA XL, AXA’s property, casualty and special risks division, has appointed Matt Rodliff as chief claims officer, Americas, effective July 13, 2026, based in Boston. Rodliff succeeds Jim DiVigilio, who elected to retire at the end of July. He will remain in an advisory role until the end of the year to support a smooth…
The latest analysis of the UK financial services industry by Ernst & Young Financial Services shows that M&A transactions increased significantly in the first half of 2026, with announced or completed transactions increasing by 25% year-on-year, and transaction value increasing eightfold. The total disclosed value of UK financial services transactions increased to £33.7bn in 1H26,…
Tareq Hussein has been appointed Chief Executive Officer (CEO) and Senior Executive Officer (SEO) of MENA RE, a wholly-owned subsidiary of Doha Insurance Group (DIG) established in the Dubai International Financial Center (DIFC). Hussein has been with MENA RE for ten years, joining the company as an engineering and political violence underwriter. The executive has…
Aon, a global professional services firm that provides risk, retirement and health solutions to organizations around the world, announced the appointment of Bob Reville as senior managing director and casualty catastrophe market leader for Aon’s Venture Capital business unit, effective July 15. Reville will bring extensive experience in casualty modeling and predictive analytics to support…
Independent investment research firm Autonomous expects the second-quarter 2026 earnings season for U.S. property and casualty (P&C) insurers to focus on slowing commercial insurance pricing, the balance between profitability and growth in personal lines, and the ability of insurance brokers to maintain organic growth in a soft market environment. The company expects most commercial insurers…
India-focused reinsurance platform Niyam Group has appointed Ritesh Shah as director of engineering and construction. The company explained that Shah brings the depth of writing complex, large-scale risks that India’s infrastructure ambitions currently require. Most recently, he spent nearly 14 years at industry giant Swiss Re, where he held senior roles including vice president, assistant…
The Global Shield Solutions Platform (GSSP) is supporting the Southeast Asia Disaster Risk Insurance Fund Insurance Company (SEADRIF) to expand climate and disaster risk financing and insurance (CDRFI) capabilities across the region. This collaboration aims to assist member states in building resilience and response strategies to climate-driven events. With funding from GSSP, a multi-donor fund…
American International Group (AIG), a U.S.-based insurance company with international operations in general insurance and risk solutions, announced the appointment of Christine Williams as global head of client and broker relations, effective September 1, 2026. Williams will report to Jon Hancock, executive vice president and CEO of AIG General Insurance, and will be based in…