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Hadron, a hybrid insurance company that provides underwriting capabilities and front-end services to general agents (MGAs) that manage specialty insurance coverage, has appointed Ed McGough as chief information officer (CIO) and Liesel Carvajal as group general counsel. The appointments are in line with the company’s long-term growth plans, bringing legal, regulatory and technology leadership to…
AM Best has reviewed Labuan Reinsurance (L) Berhad (Labuan Re) (Malaysia)’s A- (Excellent) financial strength rating and ‘a-‘ (Excellent) long-term issuer credit rating with profound implications. Prior to this action, MNRB Holdings Berhad (MNRB) announced on 19 May 2026 that it had entered into a conditional share purchase agreement to acquire 80% of Labuan Reinsurance…
Morningstar DBRS, a credit rating agency focused on financial institutions and insurance, joins the Property and Casualty Insurance Compensation Corporation (PACICC), a Canadian industry-funded organization that supports property and casualty policyholders, and the Insurance Bureau of Canada (IBC), the national industry association representing private property and casualty insurance companies, to examine the ongoing policy discussions…
The global property and casualty (P&C) insurance market is moving from a pricing boom to normalization after a period of significant interest rate hikes, according to the latest Global Insurance Report from Allianz Research. The insurer’s data shows that global property and casualty insurance premiums will grow by +3.8% in 2025, well below the +8.5%…
France-based global reinsurer SCOR has completed its sponsorship of new catastrophe bonds Atlas Capital DAC Series 2026-1, providing $75 million in multi-year protection against a range of natural catastrophe risks. The issue provides coverage for named storms in the United States and Caribbean, earthquakes in the United States and Canada, and storms in Europe. The…
International specialist insurer and reinsurer Convex Group Limited has received in-principle approval to launch Lloyd’s Syndicate 1987, with plans to commence underwriting on July 1, 2026, subject to regulatory approval. With capabilities to support Convex’s approved business plans, Syndicate 1987 will focus exclusively on long-tail specialty product lines, deploying capabilities across targeted portfolios in casualty…
Fidelis Partnership is replacing the traditional title of “underwriting associate” with “analyst” to reflect the future of underwriters focused on innovation, faster decision-making and client relationships as artificial intelligence increasingly automates menial administrative tasks. In an interview with Reinsurance News, UK CUO, Michael Davern, group head of real estate, energy and construction at D&F, and…
Howden Re, the reinsurance arm of Howden brokerage, has released an analysis of the situation in the Strait of Hormuz, noting that while global reinsurance capacity remains solid, conditions are tightening in the maritime, energy and political violence sectors as geopolitical instability continues in the region. The company noted that these developments are affecting underwriting…
The latest report from global reinsurance broker and risk advisor Aon on global construction insurance in Asia Pacific reveals that the market remains growth-oriented, supported by ample capacity, insurers’ growth ambitions and improving reinsurance performance. Capacity remains strong and pricing is competitive, particularly in China and India, while Japan is under pressure from regulatory developments,…
Insurance broker and risk consultant Gallagher has developed a new parametric insurance solution designed to help golf courses mitigate the financial disruption caused by flooding and severe weather. The product was created in partnership with FloodFlash, a NormanMax company that specializes in sensor-based parametric flood coverage. Gallagher stressed that heavy rainfall, storms, hurricanes and coastal…