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Specialist insurer PIC has completed a £213m full subscription from the trustees of the UK’s Siemens Healthcare Benefits Scheme, ensuring benefits for 703 pensioners and 967 deferred members and dependents. Siemens Healthineers provides medical devices and services powered by digital technology and artificial intelligence in more than 180 countries, including imaging, diagnostics, cancer care and…

Allianz Re, part of global insurer Allianz, has appointed Florian Steiner as head of capital and legacy solutions. In his new role, Steiner will oversee Allianz Re’s capital management and legacy and run-off activities in the property and casualty and life and health reinsurance areas. He will report to Allianz Chief Underwriting Officer. Steiner has…

Hiscox London Markets is strengthening its position in the authorized and alternative risk sectors with the launch of a new division, Hiscox Portfolio Solutions. The division will be comprised of four distinct but complementary teams: Alternative Risks, Beta-Follow, Global MGA and Structured Solutions. Written in the Hiscox London market since 2015, Alternative Risk selectively supports…

Specialist insurance provider CFC has announced the appointment of Nick Line as chief underwriting officer (CUO), succeeding Matt Taylor, who has served as interim CUO since February 2025. Line, who previously served as CUO of Markel International, brings extensive actuarial expertise and a track record of managing multi-billion pound investment portfolios to CFC. His ability…

Allianz Risk, part of the Allianz Group and a provider of insurance solutions and risk advisory to commercial and corporate clients, has released the Allianz Risk Barometer 2026, outlining the most significant risks expected to impact businesses around the world in the year ahead. Survey results indicate that cyber incidents remain a major concern for…

Commercial property and casualty insurer FM has announced a significant increase in its capabilities to support its global FM Intelium customers and the data and power generation industries, delivering unparalleled underwriting limits and risk management expertise. With nearly 200 years of engineering experience and partnerships with global enterprises, FM can now provide up to $5…

The European Space Agency’s (ESA) Business Applications and Space Solutions (BASS) and Liberty Mutual Reinsurance Company (LM Re), part of Liberty Mutual Insurance Group, have signed a Memorandum of Intent (MoI), marking the start of a three-year collaboration. The collaboration aims to explore how space applications can support the development of parametric insurance solutions to…

International insurance provider QBE has welcomed Lucy Smith and Hannah Dennis ahead of the launch of a new media professional indemnity (PI) product for its European operations. Smith serves as Senior Media PI Underwriter and Dennis serves as Media PI Underwriter. Both will be based in London and report to Chris Pavlou, QBE Europe International…

Re/insurer AXA XL has announced major promotions within its reinsurance division, effective January 1, 2026. Julian Longbottom has been promoted to Global Head of Reinsurance Marine & Energy, while Jamie Pedro has been appointed Specialty Head of Bermuda Reinsurance. In his new role, Longbottom will be responsible for AXA XL Reinsurance’s marine and energy businesses…

Global reinsurance brokerage Gallagher Re has appointed Grant Hollyman as chief executive officer (CEO) of Australia and New Zealand, based in the company’s Sydney office, Reinsurance News understands. Hollyman will join Gallagher Re from Aon in April 2026. At Aon, he was most recently Asia Pacific head of casualty for Aon Reinsurance in Sydney. He…