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Bermuda-based global insurer and reinsurer Lancashire Holdings Limited reports that ratings agency S&P Global Ratings has upgraded the long-term issuer credit and financial strength ratings of the company’s core re/insurance operating subsidiaries to “A” from “A-“. Meanwhile, S&P Global Ratings upgraded Lancashire Holdings’ long-term issuer credit rating to “BBB+” from “BBB” with a stable outlook….

As the global insurance industry enters 2026, the London market stands at a critical crossroads, with Lloyds of London facing growing pressure to redefine its strategic direction following a major leadership change, including the appointment of Patric Tiernan as chief executive this year. This new era will be defined by an exploration phase in which…

Xavier Pazmino has been appointed executive vice president and head of maritime for Chubb Overseas General (COG), Chubb’s international general insurance business, effective February 2026. Pasmino succeeds Andrew Williamson in the role and will be responsible for the growth and profitability of Chubb’s international maritime business, including wholesale and retail operations. The executive has nearly…

AM Best upgraded its ratings on Arch Capital Group and its subsidiaries, citing the company’s strong operating performance and track record of delivering superior underwriting performance and investment returns even in soft markets. Notably, AM Best upgraded the Long Term Issuer Credit Rating (Long Term ICR) to “aa” (Senior) from “aa-” (Senior) and affirmed the…

Previsico, provider of a flood forecasting and real-time flood risk intelligence platform, has appointed Mark Pinkerton as chief technology officer (CTO). In his new role, Pinkerton will oversee the company’s global technology strategy, product development and engineering operations, playing a key role in Previsco’s expansion of its global forecasting capabilities. The executive joins the company…

Investment banking and financial services firm TD Cowen has shared key observations on the casualty market from a recent meeting with reinsurance players in Bermuda. Analysts said major casualties still appear to be succeeding in increasing premiums, especially for U.S. general liability lines. In reinsurance, rates were generally flat, although cession commissions faced progressive reduction…

Farmers Insurance Exchange and its subsidiaries and affiliates (collectively, Farmers Insurance Group) have issued $400 million in catastrophe bonds to provide indemnity-based insurance to complement its traditional catastrophe reinsurance program. Swiss Re Capital Markets and Howden Capital Markets & Advisory (HCMA) acted as joint structuring agents and joint bookrunners for the catastrophe bonds, which were…

Global reinsurance brokerage Gallagher Re has announced the creation of a new dedicated captive risk transfer team across its global concurrent business, with Martin Hughes as executive vice president of captives, effective January 1, 2026. The broker explained that the new business will provide tailor-made temporary and structured reinsurance solutions to single-person insurance companies of…

Brit Insurance group chief operating officer Jon Sullivan said January 1 this year was “very late” for policy renewals and reinsurers needed to remain vigilant and monitor any terms and conditions (T&C) delays. As the market approaches the Jan. 1 deadline, Sullivan described the current renewal season as very late, noting that while most data…

AIG has partnered with funds managed by Amwins and Blackstone to launch a new Lloyd’s syndicate (Syndicate 2479) with a novel structure that brings together specialist distributors, insurers and a Lloyd’s platform backed by third-party capital. Syndicate 2479 is expected to begin underwriting on January 1, 2026, with initial premiums of approximately $300 million, to…