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Markel Insurance, the insurance business unit of Markel Group Inc., has appointed John Riley as senior claims adjuster for financial institutions, effective immediately. His appointment supports the transition of remaining commercial directors and officers (D&O) claims to the expanded FIDO claims team, while also strengthening resources as Markel’s financial institution claims portfolio continues to grow….
Morningstar DBRS said that while the ongoing conflict in the Middle East could produce “temporary and localized” price spikes within certain specialty reinsurance product lines, the overall weak trend is likely to persist unless loss patterns are significantly reshaped, hampering capital deployment. A new report from the agency notes that its select group of the…
RiverStone International is an acquirer and reinsurer of legacy and discontinued insurance businesses, with operations in Australia through the acquisition of a local insurer and a significant legacy portfolio transaction with global insurer Zurich. The global heritage company has acquired RiverStone International Australia PTY LTD to support the group’s products in the Australian market. Mark…
Swiss Re, one of the world’s largest reinsurers, has entered into the first longevity reinsurance transaction covering U.S. retirees, building on the company’s global track record in longevity risk transfer. In the nearly 20 years since the market was established, the reinsurance giant has completed more than 30 longevity reinsurance transactions in the UK, Netherlands,…
A recent report from AM Best shows that the number of upgrades in the U.S. property and casualty insurance industry will exceed the number of downgrades in 2025 for the first time in several years, driven by commercial lines. AM Best noted that both upgrades and downgrades declined in 2025, while positive ratings increased nearly…
Credit rating agency Fitch Ratings said the ongoing Iran conflict is expected to have the most direct impact on the London market and global specialty insurance companies, given that they are directly exposed to the impact of naval and air warfare, political violence, trade credit and energy lines. Fitch analysts warned that protracted conflict in…
rockstoneInternational specialty reinsurance/managing general agency (MGA) announces the appointment of Claire Lill as senior underwriter of North American casualty insurance. In her new role, Lill will work closely with Rokstone’s North American casualty leadership to further develop its underwriting expertise and sustain the expansion of MGA’s casualty portfolio. Lill has over thirty years of underwriting…
Amiga Specialty is an independent international general agent (MGA) that has begun trading in Hong Kong after successfully obtaining a license from the Hong Kong Insurance Authority. Led by Ralph Sherbahn, Managing Director of Financial Lines (Asia Pacific), the Hong Kong center will form the basis of Amiga’s regional ambitions for Financial Lines transactions, including…
Nexus Underwriting, a company of Arrowhead Intermediaries, has announced the appointment of Walid Youssef as Head of UK Financial Institutions. In his new role, Youssef will manage Nexus’ UK financial institutions portfolio and drive the company’s strategy. He will report directly to Joanne Edgley, head of UK financial operations at Nexus. Prior to joining Nexus,…
WTW-owned insurance broker Willis has entered into a strategic partnership with Qover, the European leader in embedded insurance orchestration, to further expand its GB Affinity technology ecosystem. As part of the collaboration, Willis and Qover will deliver product-agnostic solutions designed to help businesses launch tailored insurance programs quickly and at scale, while supporting sustainability, innovation…