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IRB-Brasil Resseguros SA (IRB(Re)), a Brazilian reinsurer that provides risk transfer and reinsurance solutions to insurance companies in Brazil and abroad, has launched a series of initiatives aimed at expanding its international presence while expanding its activities in the domestic market. In a separate market announcement in June, IRB(Re) outlined plans to establish a new…

International insurer and reinsurer QBE has appointed Callum O’Brien as head of Asia protection and indemnity (P&I). The move strengthens QBE’s UK maritime offering in an area at the heart of its maritime ambitions. In his new role, O’Brien succeeds Sebastian Tjornelund, who previously held the position before being appointed Asia Head of Underwriting Marine,…

Waypoint Underwriting Management, a division of Brown & Brown, has entered into a reinsurance intermediary management agreement with MEM Mutual Insurance Company (MEM) to underwrite property, casualty and workers’ compensation treaty reinsurance business on behalf of MEM. Waypoint is a specialty reinsurance underwriting manager providing property, casualty and workers’ compensation reinsurance solutions across North America….

AXA XL, AXA’s property, casualty and specialty risks division, has announced the appointment of Samantha Wotton as head of underwriter development. Wotton will join AXA XL after six years at DUAL Group, the international underwriting arm of Howden Group. During his time at DUAL Group, Wotton served as UK Deputy Commercial Officer, where he was…

Novel Financial Holdings has secured investment from specialist private equity firm Flexpoint Ford to support its continued expansion as a diversified underwriting and insurance services holding company. The capital investment, funded through Flexpoint Asset Opportunity Fund III and Flexpoint Insurance Opportunity Fund I, expands Novel’s ownership base and solidifies its position as an independent insurance…

Global reinsurer Swiss Re has announced the creation of a new business unit, Alternative Capital Solutions, which will cover its retrocession buying activities as well as insurance-linked securities (ILS). The Alternative Capital Solutions team was launched on July 1 and will be led by long-time veteran Mirjam Wiget. In her new role, Wiget will oversee…

Xceedance, a provider of technology-enabled services and operational solutions to the global insurance industry, has appointed Vikas Wadhera as senior vice president as it seeks to further develop its catastrophe modeling and risk management capabilities. The appointment is part of Xceedance’s wider strategy to provide catastrophe analytics services to insurers, reinsurers and managing general agents…

Citizens Property Insurance Company of Florida revealed that it has invested $2.82 billion in its 2026 private risk transfer plan. Among them, the traditional reinsurance market is approximately US$691 million, the capital market is approximately US$2.13 billion, and the overall weighted average net interest rate (ROL) is 9.52%. The plan includes $1.29 billion in new…

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Richard Alexander as head of eastern property. In his new role, Alexander will lead Swiss Re CorSo’s East Property team, supporting underwriting performance, profit growth and ongoing engagement with clients and brokers in the region. He has more than thirty…

New research from First Street finds that 79% of the world’s data center capacity is exposed to severe climate hazards, including flood, wind and wildfire risks that could disrupt operations, increase downtime and increase insurance and repair costs. First Street’s analysis shows that climate risk is becoming a key factor in data center investment performance,…