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CCRIF SPC, a regional risk-sharing organization that provides parametric insurance to governments in the Caribbean and Central America, has announced the appointment of Saundra Bailey as Chairman of its Board of Directors, effective June 1, 2026. Bailey succeeds Timothy NJ Antoine after nearly eight years as Chairman, during which time he oversaw a period of…

Pen Underwriting, a specialist managing general agent (MGA) operating across multiple insurance classes and geographies, has enhanced its network offering by doubling cover limits to £10m for risks commencing on or after 1 July 2026. Pen explained that the move caters to firms with revenues of up to £600m and is driven by increasing demand…

Global insurance and reinsurance brokerage and risk advisor Aon has announced the appointment of Mez Patel as global head of sales for Aon Credit Solutions. In his new role, Patel will help global multinational clients address complex risk challenges. He will be responsible for designing innovative, structured solutions involving trade credit, political risk, contingent liabilities…

While U.S. directors and officers (D&O) liability insurance remains profitable, premiums fell for a fourth consecutive year in 2025, reflecting increased competition in the sector as commercial insurers’ underwriting performance shows warning signs, according to a new report from AM Best. AM Best’s segment report, “US D&O Liability – Still Profitable, But Warning Signs Are…

Hannover Re US announces the appointment of Dr. Elena Strunk as Vice President and Medical Director. In her new role, Dr. Strunk will help advance Hannover Re’s underwriting and digital transformation initiatives, lead the modernization of medical assessment practices to reflect evolving medical knowledge, and strengthen the company’s medical oversight and governance capabilities. She brings…

Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, announced the launch of customized solutions for upper-mid-sized retail companies. Following a successful pilot, this launch further supports Liberty’s regional investment strategy in the UK and Ireland. With dedicated centers in Manchester, Bristol and Dublin, and support from its London headquarters, Liberty will offer insurance…

Bermuda-based global reinsurer Everest has appointed Peter Chalkias as Australia country head and chief financial officer. Chalkias brings extensive insurance industry experience to his new role. His professional background includes deep expertise in financial risk, risk management, accounting, financial planning and business process improvement. He initially joined Everest Australia in 2013 as Chief Financial Officer….

International General Insurance Holdings Limited (IGI) has received a license to operate in the International Financial Technology City (GIFT City) in the state of Gujarat, India, the first and only international financial services center to operate in the country. The expansion comes after the International Financial Services Centers Authority (IFSCA) approved the registration of the…

The Geneva association, a global insurance industry organization that brings together senior leaders from major insurers and reinsurers to support research and discussions on risk and resilience, confirmed the change in the chairmanship following its 2026 spring board meeting on June 3. Lard Friese, CEO of Aegon and Chairman of the Executive Committee, has been…

Global professional services firm Aon, which specializes in risk, insurance, reinsurance, human capital and advisory services, said conditions in the cyber and technology errors and omissions (E&O) insurance market remain favorable for buyers, although insurers have become increasingly cautious as cyber threats continue to evolve. Aon said strong market capacity and competitive conditions continued to…