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The January 1 renewal trend continued in Japan-focused April 1 reinsurance renewals, with Gallagher Re reporting no losses on Japan’s real estate catastrophe plans, leading to lower risk-adjusted rates in the range of -15% to -17.5% as buyers took advantage of strategic opportunities. Reinsurance broker Gallagher Re’s latest First Edition report examines the important April…
Gen Re, Berkshire Hathaway’s global reinsurance subsidiary, has appointed Nancy Roos to the executive board of General Reinsurance AG, effective April 1, 2026, following the retirement of Mike O’Dea. General Reinsurance AG is the German legal entity of the reinsurance company and the main risk taker in its international business. Roos has served as the…
Fitch Ratings has upgraded the insurer financial strength ratings of SRLEV NV and Athora Life Re Ltd. to “A+” from “A” and the long-term issuer default ratings of Athora Holding Ltd. and Athora Dutch NV to “A” from “A-“, with all ratings outlooks stable. The rating upgrade follows Athora’s announcement on March 27, 2026, of…
Specialty MGA, part of the MNK Group, has appointed Uwe Sievers as Japan Business Development Director, responsible for leading the expansion of its key products in the Japanese market. The decision highlights Japan’s growing importance in the group’s wider international ambitions as it continues to expand its global footprint, enhance cross-border capabilities and strengthen access…
Global reinsurer SCOR said its support for the Hidrogenii facility in San Gabriel, Louisiana, reflects its broader strategy to promote a sustainable, resilient future, while remaining “strongly committed” to advancing the energy transition and integrating ESG principles into its underwriting and investments. The Hidrogenii plant, which started commercial operations in April last year, is a…
Global reinsurance brokerage Howden Re said that at reinsurance renewal on April 1, 2026, risk-adjusted online property catastrophe rates in Japan returned to levels seen in the early 2020s, with risk-adjusted prices for the country’s catastrophe excess loss plans falling by as much as 20%. In the Japan-focused April renewal season, Howden Re noted that…
Marsh, a global firm specializing in risk, reinsurance, capital, talent, investments and management consulting, announced that Ted Moynihan has been named president and chief executive officer (CEO) of Marsh Management Consulting and Oliver Wyman, succeeding Nick Studer, the new president and CEO of Marsh Risk. Moynihan will join the company’s executive committee and report to…
Independent specialist MGA group Optio Group has reached an agreement to acquire Gardian Marine Limited for an undisclosed amount, pending regulatory approval. Headquartered in London and founded by Guy Tyler and Edward Morgan, Gardian Marine offers specialist insurance covering shipbuilder’s risk, shiprepairer’s liability, voyage and towage, as well as a range of bespoke support products….
Global reinsurance brokerage Howden Re has appointed Verena Seitz and Johanna Fricke as directors to strengthen its DACH interim team. Both will focus on expanding Howden Re’s temporary reinsurance business in the DACH region. They have extensive experience in structuring and implementing complex multinational projects and have established excellent client relationships in the DACH market….
CRC Group, the independent wholesale specialty insurance distributor, has launched REDY INTEL, a new artificial intelligence engine embedded in the CRC REDY platform. REDY INTEL aims to transform the way professional risk is analyzed, targeted and placed by transforming data into real-time, actionable insights across every workflow. It enhances every interaction on the REDY platform,…