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The board of directors of global insurance company American International Group (AIG) has confirmed that Eric Andersen will serve as AIG’s president and chief executive officer (CEO) and join the company’s board of directors on June 1, 2026. It was revealed in January that Peter Zaffino would take over as executive chairman of AIG’s board,…
Specialist insurance and reinsurance group Fidelis Partnership (TFP) has signaled its intention to deepen and expand its partnerships in the Middle East. Following a high-level management visit to the region, the reinsurer stressed that a continued physical presence is critical to navigate the region’s current economic and geopolitical volatility. TFP believes direct market dialogue is…
South Korea-based global reinsurer Korea Re has announced that Thana Narayanan has been appointed Chief Underwriting Officer (CUO) of its Dubai office. Narayanan brings a wealth of regional and industry experience to Korean Re, having been with the organization for more than eight years prior to this appointment. Most recently, he served as part-time regional…
Global credit rating agency Fitch Ratings has issued a report examining a group of Bermuda and U.S. re/insurance companies, namely Arch Capital Group Ltd., Ascot Group Limited, Hamilton Insurance Group Ltd., RenaissanceRe Holdings Ltd. and SiriusPoint Ltd. Fitch Ratings noted in its report that the overall financial strength of the group remains solid despite differences…
Fathom Reinsurance Partners, a Dallas, Texas-based reinsurance intermediary, announced the appointment of industry veteran Mark Rex as managing partner. Rex has nearly four decades of reinsurance industry experience, specializing in treaty and program brokerage in the property and casualty insurance space. His arrival is expected to significantly enhance Fathom Re’s client advisory capabilities, particularly in…
Kinsale Capital Group, Inc. reported underwriting revenue of $94.5 million and a combined ratio of 77.4% in the first quarter of 2026, compared to $67.5 million and 82.1% in the first quarter of 2025. The increase in underwriting revenue was driven by an increase in net premiums earned of $407 million compared to $366 million…
Major specialist insurer Beazley has appointed Sundeep Khera as head of maritime with effect from 21 April 2026, reporting to Tim Turner, group head of maritime, accident and political (MAP) risk. As part of MAP’s risk team, Khera will lead the ocean, energy, aeronautics and space teams. He is a veteran of the London market…
Jamie Cook, chief partnerships officer at QBE Re, said current reinsurance market conditions remain sustainable but discipline is being tested, particularly by adequate capital and increased competition in specific lines of business. In a recent interview with Reinsurance News during a visit to Bermuda, Cook emphasized that maintaining capital cost discipline is key. “If we…
AIG, a global insurance organization that provides a broad range of property casualty insurance and related services, announced that Aviva’s Spencer Pimley has joined its Lex London team as property executive. Pimley has over 18 years of property underwriting experience supporting large multinational clients across a variety of business sectors. At AIG, Spencer will lead…
Global specialist insurance and reinsurance broker McGill and Partners has expanded its aviation insurance solutions to provide protection for aviation spare parts against the dangers of war on the ground. The broker is working with certain operators in the London market to offer the cover, which aims to fill a “critical” coverage gap in traditional…