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Munich Re has appointed Gavin Maistry as CEO of Life & Health (L&H) Asia Pacific, Middle East and Africa (APAC MEA), succeeding Daniel Cossette, who will retire in the second half of 2026 after 19 years with the company. Maistry currently serves as global chief actuary for Munich Reinsurance company L&H. Prior to that, he…
Dave Paulsson, co-founder of MS Transverse, a hybrid front-end carrier and a subsidiary of MS&AD Insurance Group Holdings, will transition from the role of chief executive officer (CEO) to chairman of the board of directors. He will be succeeded by current President John Fitzgerald, who will take over as CEO on July 15, 2026. Paulson…
RT Specialty, the wholesale brokerage arm of Ryan Specialty, announced the promotion of Will Jacob to president of RT Connector in Chicago. Jacob has been with Ryan Specialty for nearly ten years, most recently as Chief Underwriting Officer for RT Connector, and joined the Digital Platforms team in its early stages. Under his leadership, the…
Berkshire Hathaway Specialty Insurance, the commercial insurance arm of Berkshire Hathaway, has launched two new casualty insurance products in Switzerland. The products include cross-border and domestic policies and are designed for large corporates and mid- to upper-market commercial and industrial companies operating in the Swiss market, the company said. Policies are designed to provide flexible…
Zurich Singapore, the Singapore arm of Zurich Insurance Group, has announced two senior appointments in its Asia Pacific commercial insurance division as the company continues to expand its regional presence and capabilities. Giles Crowley has been appointed head of customer and distribution management (CDM) for Asia Pacific, while Kin Lee has been promoted to head…
Energetic Capital, the US-based specialist in credit insurance solutions for clean energy and infrastructure projects, has renewed its agreement with global reinsurer SCOR, expanding its long-term partnership supporting the company’s core credit insurance platform. The latest renewal marks the seventh consecutive extension of the arrangement between the two companies, which includes an increase in single-obligor…
Specialist insurance and reinsurance broker Price Forbes has launched a new construction product in South Africa and appointed Alvin Dye, Paul Jacobs and Kagiso Sephiphi to the newly formed team. Price Forbes appoints Alvin Dye as head of construction. In this role, he will report to Price Forbes South Africa Chairman Kenny Thorpe and will…
Prismic Life Holding Company, LP (Prismic), a Bermuda-based life and annuity reinsurance platform sponsored by Prudential Financial, Inc. and Warburg Pincus, announced the completion of an oversubscribed financing that resulted in approximately $1.9 billion in total committed capital, exceeding its original target of $1.6 billion. Prismic said the additional capital expands its capabilities and flexibility…
AM Best, an international credit rating agency and provider of insurance industry analysis, reports a significant turnaround in the financial performance of Florida-based personal property insurers, which generated nearly $1 billion in underwriting profits after recording underwriting losses of $132 million two years ago. The findings are published in AM Best’s latest market segmentation report…
Munich Re meteorologist and climate expert Anja Rädler said the outlook for the 2026 cyclone season is clearer than in recent years, with El Niño expected to cause a slightly weakened Atlantic hurricane season while increasing the likelihood of a more active typhoon season in the western Pacific. However, Radler said even in quieter seasons,…