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Traditional acquirer DARAG Group has announced the completion of a portfolio transfer agreement for its global reinsurance book. The portfolio transfer was completed in May 2026 after DARAG acquired the entire portfolio from the internationally operating operator Ambra Versicherung AG (Ambra). The underwriting period of the transaction spans the 1970s to the 2010s and covers…

Willis, a WTW company, has announced the expansion of its international real estate facilities, increasing its follow-on capacity to $60 million per placement. The facility expands Lloyd’s Syndicate’s lead group, with the ability to deliver competitive offers across a range of junior and residual tiers. Auto-following capabilities powered by Neuron, Willis’ algorithmic digital platform, are…

Global property and casualty insurance company Chubb has announced the appointment of Gurudutt Joglekar as Vice President of Chubb Insurance Malaysia Berhad. In his new role, Joglekar will work closely with Country President Jon Longmore to help advance Chubb’s strategic agenda in Malaysia. He will oversee the agency, digital enterprise, motor claims, operations and technology…

Lockton has appointed Sandra Lee as chief growth officer for Asia Risk Solutions and Yuman Chan as chief growth officer for Asia People Solutions, both based in Hong Kong. Lockton noted that these strategic hires mark an important step in accelerating its growth trajectory across the region. The company added: “Both Sandra and Youman bring…

Ardonagh’s pan-European managing general agency (MGA) platform Orvia Underwriting has appointed Carl van Lieshout as head of Dutch real estate, effective 1 June 2026 Orvia Underwriting was established in January 2026 and has strengthened its underwriting, distribution, technology and operational capabilities as it expands its European markets and business lines. van Lieshout has more than…

AXA XL, the property, casualty and special risks arm of French insurer AXA, has promoted Simon Murray to head of UK, Lloyd’s and US aerospace. In his new role, Murray will lead the company’s aviation and aerospace underwriting strategy across three markets, supporting clients in an industry expected to reach $8.88 billion by 2034. AXA…

The Insurance Council of Australia (ICA) and the Insurance Council of New Zealand (ICNZ) have signed a Memorandum of Understanding to establish a formal partnership, known as the Resilient Insurance Markets Initiative, to coordinate advocacy, share expertise and build more resilient regional communities. The agreement formalizes the informal trans-Tasman relationship into structured bilateral commitments at…

Lloyd’s specialist insurer Atrium has hired Marcus Hawkes as head of product recalls, with the appointment to be effective in the fourth quarter of 2026 once he completes his contractual obligations. In his new role, Hawkes will write a book about the product recall business, focusing on automotive manufacturing. Product recalls are a new stand-alone…

Independent specialty insurance provider Novacore has added Euclid Design Underwriters, LLC to its Professional Underwriters Agent (PUA) program. Euclid Design Underwriters is a professional managing general agency specializing in errors and omissions (E&O) insurance for architects, engineers and design professionals. The acquisition expands PUA’s capabilities in architects and engineers (A&E) professional liability. Euclid Design’s team…

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, announced the appointment of Karman Chan as chief financial officer (CFO). Chan will serve as a member of Bishop Street’s leadership team and work closely with the CEO and President to drive strategic decisions, anticipate the financial and operational needs of the rapidly expanding business, and…