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Coverys, a provider of insurance and reinsurance across a range of medical professional liability and healthcare lines, has appointed Walter Grote as its Chief Underwriting Officer (CUO). In his new role, Grote will leverage his expertise across property and casualty (P&C), management liability, and specialty programmes to direct the firm’s underwriting functions to support both…
According to the report, catastrophe bonds followed the trend seen across many traditional reinsurance deals, with transactions routinely oversubscribed in the first half of 2026. Following a busy first quarter, strong catastrophe bond and broader insurance-linked securities (ILS) issuance momentum continued into the second quarter, with a quarterly record of more than $11.3 billion issued…
Lockton Re, the reinsurance broking business of independent insurance broker Lockton, has appointed Amr Afifi as Head of Life & Health for the Middle East and North Africa (MENA) region. In his new position, he will be responsible for leading Lockton Re’s Life & Health business across the MENA region. Afifi brings more than 15…
I–RE, the re/insurance underwriters and captive specialist, has announced the relaunch of its captive product RE–PAID, to target an underserved “core mid-market” of US businesses, paying between $1m and $5m to $10m in premium, with five-year loss ratios below 40%. While the captive insurance market continued to expand steadily each year, with EY (2024) noting…
MSIG Hong Kong has announced the appointment of Billy Wong as Chief Underwriting Officer (CUO), effective 2 September 2026. Wong has been tasked with leading the Underwriting Department and Specialty Lines to further strengthen underwriting capabilities, enhance portfolio performance, and deliver greater value to MSIG customers and business partners. The executive brings nearly two decades…
Nearmap, a property intelligence provider, has launched itel Total Price, a new whole-home pricing solution designed to provide guaranteed pricing for major exterior and interior building materials across property claims, with the solution now available within Verisk Xactimate®. The product is intended to address challenges facing property insurers, including rising material costs, variations in estimates…
Australian insurer Suncorp has announced a number of new executive leadership appointments, including Bridget Messer as Chief Executive Customer, Brand and Digital, a newly created role. Messer, who previously served as Chief Risk Officer, will take over the new position to help Suncorp leverage artificial intelligence (AI) for faster and more efficient distribution of insurance…
The global life and annuity (L/A) reinsurance market remains well capitalised and positioned for sustained expansion, driven by increased dedicated capital for traditional life coverage and a surge in third-party backing for asset-intensive annuity business, according to a new report by AM Best. The report, titled “Global Life/Annuity Reinsurers Remained Poised for Steady Growth,” comes…
MSIG USA has announced the promotion of Brian Botkin to International Chief Underwriting Officer for MS&AD Insurance Group. Botkin has served as MSIG USA’s Chief Underwriting Officer since July 2024, playing a key role in the firm’s transformation and growth by leading enterprise underwriting strategy and advancing greater consistency, discipline and portfolio insight across the…
AI financial infrastructure firm Corgi has launched an admitted insurance carrier, adding to the range of insurance structures it already operates across its group, including risk retention groups, reinsurers, captives and managing general agencies. According to the firm, different risks are best suited to different structures, and the launch of admitted carrier Corgi Insurance Company,…