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Kevin J. O’Donnell, president and chief executive officer (CEO) of Bermuda-based reinsurer RenaissanceRe (RenRe), said he expects the supply and demand dynamics seen at January 1 renewals in real estate catastrophes to continue into mid-year renewals, but believes the robustness of rate adequacy will produce results similar to those the company achieved in January 2026….

Beazley Bermuda Insurance Limited (BBIL), a new Bermuda-based entity of the London-based specialist insurance and reinsurance company, has been assigned an A (Excellent) financial strength rating and an ‘a+’ (Excellent) long-term issuer credit rating by credit rating agency AM Best. The outlook on these ratings is stable. The rating is consistent with the preliminary credit…

Everest reported net profit of $1.59 billion in 2025, up from $1.37 billion in 2024, while net investment income climbed to a record $2.1 billion as the group sharpened its underwriting focus and streamlined its operations. The company also reported total written premiums for the year of US$17.7 billion, down 3.1% at the group level,…

HIVE Underwriters, an independent specialist managing general agent (MGA), is strengthening its new maritime specialist underwriting team with two new appointments: Alistair Marriott as head of marine and Jared Short as head of transport and logistics. Both appointments will be effective upon completion of contractual obligations with their respective current employers in July 2026. Marriott…

Relm Insurance, an insurance company focused on emerging industries, has announced the appointment of three executives to its leadership team: Becky Vernon as chief legal officer, Henry Paddison as chief operating officer and Shane Doyle as chief underwriting officer. Vernon and Pattison would be based in Bermuda, while Doyle would be based in England. The…

Relm Insurance, an insurance company focused on emerging industries, has announced the appointment of three executives to its leadership team: Becky Vernon as chief legal officer, Henry Paddison as chief operating officer and Shane Doyle as chief underwriting officer. Vernon and Pattison would be based in Bermuda, while Doyle would be based in England. The…

Hannover Re reported that despite a highly competitive market environment, its total renewal premiums for traditional property and casualty reinsurance increased by 3.3% to €10.535 billion as of January 1, 2026. The reinsurer noted that its growth was driven by its strong market position and long-term, partnership-driven client relationships. According to Hannover Re, the contract…

Marsh Risk, the insurance brokerage arm of Marsh, announced the appointment of Roberto Pinto as head of international affinity, effective February 23, 2026. In his new role, Pinto will oversee the growth of Marsh’s affinity business internationally, including Asia, Europe, Latin America and the Caribbean, India, the Middle East and North Africa (IMEA), the Pacific…

Japanese life insurance company Meiji Yasuda Group completed the acquisition of Banner Life Insurance Company and New York’s William Penn Life Insurance Company (Banner Life family company) for approximately US$2.3 billion. The acquisition follows a preliminary agreement announced in February 2025 and includes the US term life insurance and pension risk transfer (PRT) businesses previously…

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty and specialty insurance solutions, announces the promotion of Chris Polechronis to head of U.S. financial institutions Polechronis, headquartered in New York, will be responsible for the company’s financial institutions business nationwide. He has nearly 25 years of industry experience focused on financial institutions. He…