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To stabilize global energy flows and mitigate maritime security risks, President Donald Trump directed the U.S. Development Finance Corporation (DFC) to provide political risk insurance and financial guarantees for all maritime trade, especially energy cargoes passing through the Strait of Hormuz. The move, announced via social media, specifically targets the “financial security” of energy cargoes….
Global reinsurer Swiss Re has announced the appointment of Tamas Bown as Head of Life & Health Reinsurance for Asia Pacific (excluding China), effective April 1, 2026. Bown has been with Swiss Re for more than two decades, holding a number of senior leadership roles in the life and health divisions. The appointment marks Bown’s…
HDI Global UK & Ireland (HDI) announces the appointment of Matthew Bond as Head of Energy & Power, effective 2 March 2026 In his new role, Bond will lead HDI’s energy and power portfolio in the UK and Ireland, with a focus on further strengthening the company’s proposition by combining specialist underwriting and engineering expertise…
In discussions held on the sidelines of the Society of Insurance and Financial Analysts conference, re/insurance executives and analysts took a cautiously constructive approach to conflict risks in the Middle East, with the general consensus that re/insurers’ related losses to date remain “manageable.” Overall, sentiment suggests losses are contained, with analysts noting that “the situation…
Commerzbank has appointed Dan Broome to lead the UK insurance and asset management business within the non-bank financial institutions team in London. In his new role, Bloom will focus on strengthening relationships within the industry and developing franchises, delivering financing and capital solutions through the bank’s international platform in global insurance and reinsurance markets, including…
The ongoing conflict in the Middle East will currently have a negligible direct impact on global reinsurer SCOR in terms of claims, with chief executive officer (CEO) Thierry Léger stressing that the reinsurance industry “can rise to such challenges”. SCOR’s CEO commented on the situation in the Middle East, speaking to the media after releasing…
Specialty MGA, a member of the MNK Group, is strengthening its specialty finance product line with the appointment of Davood Khalaghizadeh as Directors and Officers (D&O) Senior Underwriter. Khalaghizadeh has an extensive background with major global insurance companies and MGAs, including AIG, QBE and CV Starr, where he was responsible for D&O portfolios. He subsequently…
Specialist insurer Beazley posted full-year 2025 pre-tax profit of $1.15 billion, despite increased global volatility and a weak ratings environment, with an undiscounted combined ratio of 81%. While gains were slightly lower than in 2024, the group said the year highlighted an accelerating shift in global risk dynamics, from January’s catastrophic wildfires to ongoing geopolitical…
Guy Carpenter, reinsurance broker, risk advisor and Marsh Group member, has appointed Al Paas as head of European capital and advisory. In his new role, Paas will lead the brokerage’s expansion and strengthen its investment banking capabilities across the continent. Paas has extensive international experience in capital markets and M&A advisory, having worked in the…
Global reinsurer SCOR posted net profits of €208 million and $851 million in the fourth quarter and full year 2025, respectively, as the company’s property and casualty (P&C) business generated strong underlying results and stronger combined ratios in both periods. In fiscal 2025, SCOR’s insurance revenue fell 4.6% year-on-year to 15.4 billion euros, and fell…