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Members of the National Association of Insurance Commissioners (NAIC) met with U.S. Treasury Secretary Scott Bessent to discuss the growing intersection of private credit and the insurance industry. The conference provides a forum for state insurance regulators to share insights into their oversight of insurance company risk management and investment practices. The discussion focused on…
AM Best’s latest report shows that U.S. property and casualty (P&C) insurance companies’ return on equity reached a decade-high 14.97% in 2025, while the cost of equity remained relatively stable at 8.18%. AM Best explains that while property and casualty insurers faced challenges at the start of the year, with California wildfires causing widespread damage…
Assurex Global, a privately held commercial insurance, risk management and employee benefits brokerage group, announced the appointment of Troy Johnson as senior vice president of global growth strategy. The position will focus on strengthening multinational revenue streams and assisting partner companies in expanding their international presence, the company said. Johnson joined the organization in 2023…
As the reinsurance industry approaches the mid-2026 renewal season, Adrian Daws, chief executive of Hamilton Re, the underwriting platform of Bermuda-based global specialty insurer and reinsurer Hamilton, remains optimistic about its growth opportunities, even as the market undergoes a transformation. Speaking to Reinsurance News during our visit to Bermuda, Dawes highlighted that Hamilton Re’s diversified…
After Munich Re, one of the world’s largest reinsurers, disclosed 90 million euros in IBNR reserves related to the ongoing conflict in Iran, Chief Financial Officer Andrew Buchanan expressed caution about the figure while highlighting Munich Re’s three lines of defence. Munich Re said in its performance report released early this morning that the amount…
OnRe, a licensed mortgage reinsurer and on-chain asset manager, has appointed Ben Fortune as its new chief underwriting officer (CUO). Pending immigration approval, he is expected to join the company in Bermuda. Most recently, Fortune served as Chief Operating Officer of Fidelis Partnership (TFP) in Bermuda, where she oversaw underwriting performance across multiple business areas….
Willis, a subsidiary of WTW, has released its 2026 Political Risk Survey, emphasizing that although the survey is released as conflicts in the Middle East escalate, risks driven by economic policies continue to outweigh risks arising from international conflicts. Willis said that respondents regard tariffs caused by international violent conflicts as the primary political risk,…
Global reinsurance brokerage and risk advisory firm Gallagher Re has announced the appointment of Russell Hails as executive director and head of MGA Solutions Asia Pacific. Hails joined Gallagher Re last year with the task of rebuilding its MGA business in the Pacific. In his expanded role, he will work closely with APAC colleagues and…
K2 Insurance Services, a specialty insurance company focused on building and supporting niche insurance programs, has confirmed its acquisition of Oculus Underwriters. As part of the transaction, Oculus Underwriters will become part of Vikco Insurance Services, operating under the established brand within the K2 Insurance Services group. Oculus Underwriters specializes in providing customized property insurance…
Global reinsurer Swiss Re has announced the appointment of Trent Thomson as Global Head of Specialty Business, effective July 1, 2026. Thomson will succeed Anne Lohbeck and will be based in London. He currently serves as CEO of Swiss Re Australia and New Zealand and has nearly three decades of industry experience. Thomson joined Swiss…