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Andy Buddell has joined global insurance and reinsurance brokerage group Howden as Asia chief operating officer (COO) based in Malaysia. Bader will oversee operational strategy as the group continues to scale and innovate across the region. The executive has extensive experience in international insurance markets, having led operational and strategic transformations in global markets. “His…
Japanese insurers received favorable terms and pricing cuts during the reinsurance renewal season on April 1, supported by strong financial results, a lack of major catastrophe losses and ample underwriting capacity, according to global brokerage group Aon. According to Aon’s April 2026 Renewal Reinsurance Market Dynamics Report, which explores the Japan-centric 1.4 renewal season, interest…
In a letter to shareholders accompanying AIG’s annual report, Chairman and CEO Peter Zaffino emphasized the company’s commitment to accelerating its artificial intelligence strategy and strengthening long-term growth. He sets out this ambition in an increasingly complex operating environment shaped by an evolving risk landscape, geopolitical tensions, ongoing inflationary uncertainty, heightened disaster activity and rapid…
Specialty insurance solutions provider AM Specialty Insurance Group (ASIG) has announced a series of promotions across AM Specialty Insurance Company (ASIC) in the US and ASIC UK. Duncan Daniel has been promoted to Vice President, Underwriting, ASIC US. He joined ASIG in the summer of 2020, initially working at Am Re Syndicate Inc. and later…
Global fintech leader Acrisure has completed the previously announced acquisition of Vave, the technology-driven management general agency (MGA) of specialty reinsurance/insurance company Canopius Group. Under the terms of the deal, Vave now becomes part of Acrisure Underwriting, a platform of 12 MGAs operating in the U.S. insurance market. MGA will continue to operate under its…
Chirag Shah, global head of casualty insurance at Gallagher Re, said that despite competition on terms, the casualty reinsurance market capacity increased on April 1, 2026, supported by existing players and new entrants, and reinsurance renewals also increased. In reinsurance broker Gallagher Re’s latest Issue 1 report, Shah noted that the casualty market of 1.4…
Global reinsurance broker Howden Re has announced the appointment of industry veteran Henry To as chairman of its Hong Kong operations, a move aimed at accelerating the company’s growth in Greater China and the wider Asia Pacific (APAC) region. When he joined the company, Mr. To had more than four decades of reinsurance experience, including…
Credit ratings agency AM Best said the outlook for the insurance industry in the London market remains stable, with profitability expected to slow in 2026 as long as disaster experience remains within normal limits, but remains optimistic. AM Best said a combination of pricing dynamics, investment conditions and evolving global risks continued to shape the…
Willis Re, the reinsurance advisory and broking joint venture between Bain Capital (BCIS) and WTW, has welcomed Nick Pritchard to its Bermuda team. Pritchard has more than 20 years of industry experience in property reinsurance and retrocession underwriting and brokerage. Since arriving in Bermuda in 2009, he has developed long-term relationships with Bermuda’s clients and…
M&A deals worth $10 billion or more hit a record high in the first quarter of 2026, with 12 “mega-deals” completed, the highest number for any quarter since 2008, according to WTW. WTW’s Quarterly Deal Performance Monitor (QDPM) found that the higher proportion of deals exceeding $10 billion also drove the value of completed deals…