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MNK International, part of the MNK Group and an independent Lloyd’s broker, announced the appointment of Naman Kumar as Chief Executive Officer (CEO). Naaman brings a distinguished career characterized by transformational leadership at leading institutions in global finance, insurance and reinsurance. Prior to his new appointment, Kumar served as Group Chief Financial Officer, where he…
Global consulting, brokerage and solutions firm WTW reported that U.S. commercial insurance rates increased 3.8% in the third quarter of 2025, continuing an easing trend observed earlier this year. This follows increases of 3.8% in the second quarter of 2025 and 5.3% in the first quarter of 2025, according to WTW’s Commercial Insurance Pricing Survey…
Global reinsurer PartnerRe has announced the appointment of Mark DiTaranto as its new global head of claims. DiTaranto joins PartnerRe from AXA XL, where he spent nine years, most recently as global head of claims for reinsurance. After 11 years with XL Catlin, he joins the company as Director of North American Reinsurance Claims. Prior…
Michael van der Straaten, CEO of Antares Global, a London-based specialist insurance and reinsurance brokerage, has set out his outlook for the specialist reinsurance market in 2026, looking at the factors that are likely to influence underwriting practices and the wider evolution of business models within the industry. Van der Straaten highlighted how changes in…
Specialty insurer Beazley has secured $300 million in cyber reinsurance protection through its latest cyber catastrophe bond, PoleStar Re Ltd. (Series 2026-1). This is the fourth and largest 144A cyber disaster bond issued by Beazley, a subsidiary of PoleStar Re Ltd. This means the insurer has $670 million in cyber catastrophe bonds and more than…
American International Group (AIG), an insurance organization serving commercial, institutional and individual clients, announced the appointment of Scott Leney as President of AIG Asia Pacific. In this role, Lenny will be responsible for AIG’s operations in Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, South Korea, Hong Kong, Taiwan, Vietnam and the Philippines. Leney has more…
Abu Dhabi, led by the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Investment Office (ADIO), has launched the Fintech, Insurance, Digital and Alternative Assets (FIDA) Cluster, a coordinated initiative to accelerate innovation across the financial sector and enhance Abu Dhabi’s global presence in capital markets. FIDA is a core element of…
Nick Hankin has been appointed Managing Director of QBE Re, the reinsurance arm of QBE Insurance Group, with effect from 1 January 2026. Hankin, currently chief underwriting officer (CUO) of QBE International, succeeds Chris Killourhy, who moved to group chief financial officer earlier this year. According to the announcement, Hankin will retain his responsibilities as…
Swiss Re, a global provider of reinsurance, insurance and risk solutions, has announced a series of leadership changes for its Life & Health (L&H) European business. The announcement outlines new appointments and changing roles designed to enhance collaboration across regional centers, streamline operations and ensure customers and partners continue to receive timely and consistent support….
Stephan Wirz, chief commercial officer and member of the management board of Prague-based reinsurer VIG Re, said the biggest challenge facing the reinsurance market is “maintaining the credibility of our industry” by the end of 2025 and proving to investors that “over time it can deliver returns commensurate with the risk.” In a recent interview…