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Lockton Re, the reinsurance arm of Lockton, has appointed Robert Bisset as CEO of North America and Nick Durant as Global Vice Chairman. Bisset joined Lockton Re in 2021 as Chairman of Global Retrocession & Property Specialty, Bermuda and Market Capital, and a member of Lockton Re’s Global Executive Committee. Since then, he has established…
Reinsurance/insurance industry executives told KBW that the pricing cycle looks steeper as big rate hikes in 2023 leave more room for rate cuts, while the long-term pattern of higher highs and higher lows reflects stronger risk awareness among buyers and sellers and suggests there will be interest rate easing in the coming years, albeit at…
The Board of Directors of Resolution Life, a global life insurance group focused on reinsurance and the acquisition and management of life insurance portfolios, has appointed Moses Ojeisekhoba as its new Chief Executive Officer (CEO), effective July 1, 2026. In his new role, Ojeisekhoba succeeds founder, chairman and chief executive Sir Clive Cowdery, who will…
Transatlantic Holdings (TransRe), the reinsurance arm of Alleghany Corporation, has promoted Mike Torre to head the global real estate portfolio, Maryam Haji to lead the global catastrophe management team and catastrophe modeling professionals, Desmond Pollock to lead the go-to-market team, and Eyal Shnaps now heads the U.S. customization team. These promotions are designed to increase…
AXA XL, the property and casualty division of global insurance company AXA Group, has announced the promotion of Matthew Stitham to chief underwriting officer (CUO), Americas Casualty. Stitham succeeds Donnacha Smyth, who will transition to the role of global chief underwriting officer of AXA XL Casualty in November 2025, responsible for overseeing the global casualty…
Global Risk Consultants Corp. (GRC), an independent provider of property loss control and risk engineering services, has acquired the U.S. field services business of Aon’s property risk control business from Aon. The move comes at a time when operational risks in the market are evolving faster than ever before and insurers need clearer, clearer risk…
National Reinsurance Company of the Philippines (Nat Re) announced the appointment of Von Edward Ebron as Vice President (VP) and Head of Life Reinsurance and Data Management. Ebron has more than two decades of experience in the insurance and reinsurance industry, spanning actuarial analysis, product development, strategic marketing, project management, corporate sales and operations management….
Dutch insurance company ASR Nederland NV (asr) has reached an agreement with BOVAG to acquire 100% of the insurance business of Bovemij NV (Bovemij) for 185 million euros in cash. Founded in 1963, Bovemij specializes in providing insurance and related services to the mobility industry. By 2024, total premium income from insurance activities will be…
Global reinsurance company SCOR has announced the successful cross-border transformation of its Irish subsidiary SCOR Global Reinsurance Ireland dac (SGRI) into a French entity. The company will now operate as SCOR Global Reinsurance France SA (SGRF) and will be regulated by the Authority for Prudential Regulation and Resolution (ACPR). According to the announcement, the switch…
With record levels of reinsurance capital supply from traditional and alternative sources at renewal on January 1, 2026, outpacing incremental demand from buyers, and with pricing “broadly returning to 2022 levels,” Fitch Ratings analysts expect global reinsurer profitability to decline but remain strong in 2026. Reinsurance broker reports show that prices for most lines softened…