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European life re/insurers remain well positioned to assess and manage the growing risks of heatwaves as these become one of the continent’s deadliest climate risks, according to a recent S&P report. Europe is warming at roughly twice the global average rate. Tens of thousands of additional deaths recorded during recent heatwaves reflect a broader and…
Retirement specialist Standard Life has entered a strategic partnership with a consortium of institutional investors to expand its Pension Risk Transfer (PRT) business, targeting up to £2 billion in capital commitments over five years. The consortium includes CVC Capital Partners plc and Prudential Financial, Inc. (PFI) of the US, alongside The Goldman Sachs Group, Inc.,…
AXA XL, the property and casualty specialty risk division of AXA, has appointed Kerry Vitolano as Head of East, US Risk Management and Head of US Risk Management, based in New York. In her new role, Vitolano reports to Matthew Stitham, Chief Underwriting Officer, Casualty in the Americas for AXA XL. Vitolano will primarily lead…
According to Fitch Ratings, the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, reported a stable, record average return on equity of 21.5% in H1 2026, supported by strong underwriting and investment results. However, the rating agency expects the adverse effects of several consecutive rounds of renewal price reductions to weigh…
Lockton, a privately held independent insurance brokerage, has announced the appointment of Lotte Kragh as Head of Energy for Denmark. In her new role, Kragh will lead and develop Lockton Denmark’s Energy Practice, focusing on strategic growth, portfolio management, and delivering specialised risk advisory and insurance solutions to clients across the energy sector. She brings…
MSIG USA, the US specialty insurance arm of the global MS&AD Insurance Group, has announced the appointment of industry veteran Carrie Brodzinski as Chief Underwriting Officer (CUO). Brodzinski will leverage her three decades of underwriting and leadership experience to lead MSIG USA’s enterprise underwriting strategy, working across the company’s specialty businesses to govern and drive…
MSIG USA, the US specialty insurance arm of the global MS&AD Insurance Group, has announced the appointment of industry veteran Carrie Brodzinski as Chief Underwriting Officer (CUO). Brodzinski will leverage her three decades of underwriting and leadership experience to lead MSIG USA’s enterprise underwriting strategy, working across the company’s specialty businesses to govern and drive…
Aon, the global professional services firm specialising in risk, insurance, retirement and health solutions, has announced changes to its middle market leadership structure following the integration of NFP into Aon’s business. Doug Hammond, who has served as CEO of NFP, will move into the newly expanded role of Global Executive Chairman for Aon’s middle market…
AM Best has upgraded Dunav-Re a.d.o.’s Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed its Financial Strength Rating (FSR) of B++ (Good). The Long-Term ICR outlook has been revised to stable from positive, while the outlook for the FSR is stable. AM Best noted that the ratings reflect Dunav-Re’s…
Global specialty insurer and reinsurer Chaucer has announced the appointment of Charlotte Allen as Head of Underwriting Governance. In her new position, Allen will lead Chaucer’s newly established Underwriting Governance function, strengthening the company’s governance framework and supporting the business as it continues to evolve and grow. The executive brings a wealth of experience in…