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Pacific Life Re, the reinsurance arm of Pacific Life Re, welcomes the Japan Financial Services Agency’s (JFSA) proposed code amendments to the Comprehensive Code for Insurance Company Supervision as they promote the healthy development of asset-intensive reinsurance (AIR). PL Re said: “While the final form of the guidance has not yet been determined, we welcome…
Allianz UK, part of financial services group Allianz SE, has joined the FloodAction Coalition, a move that demonstrates its commitment to flood resilience and sustainable solutions. The FloodAction Coalition aims to bring together insurers, landowners and investors to create a £1bn water restoration market by 2028. To achieve this, the alliance aims to transform nature-based…
Global carrier Markel Insurance has appointed Danny O’Donoghue as head of fine arts and coins, effective immediately, based in London and reporting to Markel International maritime director Dan McCarthy. In his new role, O’Donoghue will lead the strategic and sustainable expansion of Markel’s fine art and coin portfolio to further strengthen its market position in…
Grant Hollyman, CEO of reinsurance brokerage Gallagher Re Australia and New Zealand, highlighted a shift in the Australian property and casualty reinsurance market, with reinsurers showing greater interest in total insurance, although it remains difficult to purchase. In an interview with Reinsurance News, Hollyman discussed the current state of the Australian property reinsurance market and…
Global investment banking and financial services firm JP Morgan said investor concerns about weak pricing conditions in the reinsurance and commercial insurance markets continued to weigh on sentiment among European insurers, despite takeover speculation and growing interest in valuation-driven opportunities. in its latest love actuary Note that JPMorgan said discussions with investors in the UK,…
Aon, a global professional services firm providing risk, retirement and health solutions, has appointed Alberto Carrion as head of lender solutions. In this role at Aon, Carrion will support the development of the company’s lender solutions products, working with lending clients to address risk considerations and capital priorities as part of Aon’s broader advisory capabilities….
Markel International, a division of Markel Insurance, the insurance business unit of Markel Group Inc., has partnered with hyperexponential (hx) to modernize the ratings, underwriting workflows and integration architecture of its Canadian operations. By integrating hx’s platform, Markel is investing heavily in a sophisticated AI-native underwriting environment. At the same time, it secures hx’s growing…
One Alliance North America Insurance Company (formerly known as Universal North America Insurance Company) has entered the catastrophe bond market through its new Bermuda-based special purpose insurance company, One Shield Re Ltd. One Shield Re issued $115 million of 2026-1 Series A Class A notes, providing three years of fully collateralized reinsurance capacity covering specified…
Marsh, a global company specializing in insurance brokerage and risk management, has re-elected 13 board members based on discussions at its 2026 Annual Meeting of Shareholders. Shareholders elected the full slate of 2,026 director candidates for one-year terms expiring at next year’s annual meeting. The 13 directors are: Anthony K. Anderson, Bruce Broussard, John Q….
The Florida Office of Insurance Regulation (OIR) announced that three new property and casualty (P&C) insurance companies have entered the Florida market as the state continues to recover following historic legislative reforms. The additions of Builder Reciprocal Insurance Exchange, Frontline Insurance Reciprocal Exchange and Wingsail Insurance Company bring the total number of insurance companies entering…