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Global professional services firm Aon has revealed that insurers have received double-digit pricing reductions and improved terms and conditions for their property catastrophe reinsurance placements during the June 1 and July 1, 2026 renewal periods, as record reinsurance capital levels create greater flexibility for cedants seeking more tailored reinsurance solutions. Global reinsurance capital reached a…

The Dominican Republic has become the first country in Latin America and the Caribbean to incorporate parametric insurance into its adaptive social security system. The solution was developed through a tripartite agreement, a public-private partnership between the Insurance Development Forum (IDF), the United Nations Development Program (UNDP) and the German Federal Ministry for Economic Cooperation…

Regional property and casualty insurance holding company Kingstone Companies, Inc. managed to cut core catastrophe excess of losses (XoL) reinsurance costs by more than 15% in 2026/2027 despite purchasing more limits, improving terms and adding wildfire risk to its programs. Mid-year reinsurance renewal reports and brokerage group commentary underscore continued weakness in catastrophe reinsurance, with…

Global insurance company American International Group (AIG) has hired AXA Group’s Nancy Bewlay as its new executive vice president (EVP) and chief global underwriting officer (CUO), based in New York and reporting to AIG President and CEO Eric Andersen. Bewlay joins AIG’s executive leadership team on September 8, 2026, where she will be responsible for…

Pine Walk, the specialist MGA platform of Fidelis Partnership (TFP), has launched Adroit Underwriting Limited, a new Bermuda-based MGA focused on US small and medium-sized enterprises (SME) casualty reinsurance. The new business will be led as CEO and Chief Operating Officer (CUO) by Jeff Markowski, who has more than 20 years of U.S. casualty treaty…

Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, has announced the appointment of Sarah Howell as head of claims, UK & MENA, effective 1 July 2026. Howell is succeeding Scott Kellers, who left the business in April 2026, and will be reporting to Mike Gillett, chief claims officer, Liberty International Insurance, and Luis Prato,…

Willis, a WTW-owned global risk advisory, insurance brokerage and advisory firm, has announced the expansion of its CyMax Facility, its primary and excess cyber insurance solution for small and medium-sized enterprises (SMEs) and mid-market enterprises in Europe, the Middle East and Africa (EMEA). The updated facility was developed by insurance partners AXA XL, Beazley, HDI…

Global reinsurer Munich Re has announced the appointment of Thomas Wilde as Customer Executive for Israel and the Maghreb, effective July 1, 2026. With 35 years of international industry experience, Wilde combines deep underwriting expertise with a strong, people-centered leadership approach. Since joining Munich Re in 1988, he has made significant contributions in Latin America,…

Fitch Ratings suggests that reinsurers/insurers must innovate to balance the potentially conflicting objectives of expanding access to affordable natural catastrophe insurance coverage without compromising prudent underwriting principles, with the rating agency highlighting solutions such as microinsurance, parametric insurance and insurance-linked securities (ILS) as potential ways to help achieve this goal. In a new report, Fitch…

Global insurance and reinsurance brokerage and risk advisor Aon has appointed Nicola Mondone as head of asset-backed finance and securitization, credit solutions. In his new role, Mondone will support the broker’s financial institution clients in the Europe, Middle East and Asia (EMEA) region. He will expand their access to insurance capital, with a focus on…