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Guy Carpenter’s July 2026 Reinsurance Renewal Report shows that risk-adjusted declines have deepened in some cases since January 1, with global property catastrophe online rates (ROL) still down around 16%. The company attributes this trend to healthy loss activity, ample reinsurer capacity and increasing risk appetite, which together continue to maintain a highly competitive pricing…
International insurer and reinsurer QBE has appointed Patrick Karlowski as Asia Chief Operating Officer (COO), effective June 29, 2026. Meanwhile, Florence Chan has been appointed Head of Data, Analytics and Artificial Intelligence for Asia, effective July 13, 2026. Both appointments were made in Hong Kong. Karlowski takes on the new role from Klaas Dijkstra, who…
Beazley’s latest Energy Transition Spotlight 2026 found that 73% of U.S. executives say economic uncertainty is hindering energy transition investments. Escalating tensions in the Strait of Hormuz have heightened energy security concerns, while the rapid growth of energy-intensive technologies highlights the urgent need for alternative energy solutions. The report, which surveyed 3,500 business leaders globally,…
Thierry Porté, managing director and vice chairman of JC Flowers & Co., and Jonathan Cox, managing director of JC Flowers & Co., have joined the board of directors of India-focused reinsurance platform Niyam Group. Porté and Cox bring decades of experience investing in and building leading businesses around the world through J.C. Flowers & Co.,…
AM Best announces that it has upgraded the Long Term Issuer Rating (Long Term ICR) of securities issued by WR Berkley Corporation (WR Berkley) from ‘a-‘ (Excellent) to ‘a’ (Excellent), as well as all related Long-Term Issue Ratings (Long-Term IR) and Indicative Long-Term IR. AM Best also upgraded the Long-Term ICR to “aa” (Superior) from…
Aon, a major global professional services and advisory firm, has announced the appointment of industry veteran Mike Reid as CEO of Facultative Reinsurance EMEA, effective July 1, 2026. Based in London, the executive will report to EMEA CEO and Reinsurance International chairman Tomas Novotny and Facultative Reinsurance global CEO Nick Fraccalvieri. Reid succeeds Fraccalvieri, who…
Demex, a provider of technology-enabled reinsurance solutions, announced the launch of a new winter storm product to protect primary underwriters from losses caused by unexpected storms, cold temperatures and heavier than usual snowfall. The new reinsurance solution, described as the first of its kind, builds on Demex’s successful working layer aggregated reinsurance solution for severe…
Global investment firm Sixth Street has announced that investment vehicles it manages or advises have entered into definitive agreements to acquire a majority stake in life insurance and reinsurance holding company Monument Re. The transaction is expected to close by the end of 2026, subject to regulatory approvals and other customary closing conditions. Global reinsurer…
US insurer The Hartford has appointed Dave Draper as UK chief underwriting officer and active underwriter of The Hartford Underwriting Agency, Ltd – Syndicate 1221, subject to regulatory approval. Carl Bach, III, CEO of Hartford Underwriting Agency, Ltd. – Syndicate 1221, said in a statement: “I am pleased to announce that Dave Draper has been…
Guy Carpenter, a global risk and reinsurance expert and a Marsh business, said in his July 2026 reinsurance renewal report that sufficient capacity and growing reinsurer interest have kept the global property reinsurance market competitive at mid-year renewals, with attractive terms and underwriting options encouraging buyers to explore complementary solutions to complement traditional catastrophe plans….