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Fitch Ratings has downgraded Africa Risk Capacity (ARC Ltd.)’s Insurer Financial Strength (IFS) rating to “BBB+” from “A-” and its Long-term Issuer Default Rating (IDR) to “BBB” from “BBB+”, reflecting the decline in the company’s standalone credit quality, which has been downgraded to “bb+” from “bbb-“. The adjustment in the parametric insurer’s standalone credit quality…
McGill and Partners and AIG are collaborating in the subscription market to provide customers with seamless access to high-quality insurance solutions that are supported by long-term capacity and managed through agent artificial intelligence. As part of the partnership, AIG conducted a detailed review of McGill and Partners’ professional product portfolio, reportedly confirming its strength and…
Atrium, a leading specialist insurer owned by Lloyd’s, has announced the appointment of James Lakin as Head of Outward Reinsurance. In this role, he will lead the design and deployment of Atrium’s outward reinsurance program, ensuring the strategy supports the company’s risk appetite, capital objectives and long-term profitability. Lakin moves to Atrium after 12 years…
Atrium, a leading specialist insurer owned by Lloyd’s, has announced the appointment of James Lakin as Head of Outward Reinsurance. In this role, he will lead the design and deployment of Atrium’s outward reinsurance program, ensuring the strategy supports the company’s risk appetite, capital objectives and long-term profitability. Lakin moves to Atrium after 12 years…
Insurer QBE Re, the reinsurance arm of QBE Insurance Group, has appointed Soichiro Tanaka as its new head of Southeast Asia. Tanaka has over 13 years of experience in the Asian insurance and reinsurance markets. Prior to joining Aspen Insurance Holdings, he served as a senior underwriter and played a key role in supporting the…
Global specialist broker Price Forbes continues to expand its newly formed treaty reinsurance team in Singapore with four senior appointments: Bruce Ford, Goh Thian Leong, Mark Foster and Florence Lam Puoy Yin. These appointments follow the recent hiring of Dick Heath as Head of Reinsurance and Wholesale, Singapore, further strengthening the team as Price Forbes…
Munich-based German multinational financial services and insurance group Allianz Group has announced a series of leadership and portfolio changes to its management board as part of long-term succession planning and organizational development. These changes follow the planned retirement of Klaus-Peter Röhler, who will resign from the Management Board on December 31, 2026, after reaching the…
Zurich-based reinsurer Echo Re has received approval from India’s International Financial Services Centers Authority (IFSCA) to set up a reinsurance branch in Gujarat International Financial Technology City (GIFT City) to strengthen its operational capabilities in one of its key markets. Echo Re explains that it has had a presence in the Indian insurance market for…
A new report from AM Best warns that if conflict in the Middle East persists or escalates, reinsurers may need to reassess their risk exposures, with renewals set to be a key inflection point for the industry in regional markets. The rating agency said this could lead to higher pricing of commercial risks, as well…
Insurance plan marketplace services company Incline has announced the promotion of Andrew McLennan to chief risk officer and the appointment of Rob Strickland as chief information officer. “These leadership decisions reflect our commitment to building a disciplined, forward-thinking organization,” said Incline CEO Chris McClellan. “The experience that Andrew, Cole and Rob each bring enhances our…