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Pablo Muñoz, chief executive officer (CEO) of Gallagher Re, a global concurrent reinsurance brokerage and advisory company, said that after the crucial renewal on January 1, 2026, the global concurrent reinsurance market has entered a soft phase due to abundant capital, expanded demand, improved technological achievements and a steady flow of new capacity. Muñoz expects…
Insurer Southeast Asia Disaster Risk Fund (SEADRIF) has appointed Dr. Ramesh Subramaniam and Lubomir Varbanov as independent co-chairs to lead the SEADRIF Sovereign Assets and Fiscal Empowerment (SEADRIF-SAFE) Working Group. Following the initiative of the Philippines and Japan, which serve as co-chairs of ASEAN+3 in 2026, the State Administration of Foreign Exchange will integrate disaster…
While preliminary results for 2025 point to growth and improvement in both property and casualty (P&C) and life insurance in the German market, Moody’s warned that underwriting profitability could slow in 2026 assuming natural catastrophe claims normalize and claims inflation is more muted. Moody’s said preliminary results for 2025 reported by the German Insurance Association…
Canopius, the international specialty property and casualty reinsurer, has announced a strategic reorganization of its underwriting capabilities to form an integrated natural resources team. The move is a response to a rapidly changing market landscape in which the lines between energy, heavy industry and construction are increasingly blurred. The new Natural Resources team integrates energy…
MNK International, a leading independent broker at Lloyd’s of London and part of the MNK Group, announces the launch of MNK International Brazil, a new brokerage providing re/insurance solutions, led by CEO Sergio Clark and International Director Alexandre Dabus. Headquartered in São Paulo, MNK International Brazil will reportedly help Brazilian clients gain access to global…
Cowbell, an online and specialist insurance provider focusing on small and medium-sized enterprises, has officially entered the Australian market and launched Prime One, with policies written in paper form from Zurich Australia Insurance Company. The insurer has appointed industry veterans Anthony Wall and Alric Lal to lead the expansion. The program is a standalone cyber…
Lloyds global reinsurer MS Amlin has appointed Andrew Fish as head of risk management. The move is in line with the reinsurer’s ongoing commitment to enhancing vertical expertise. In his new role, Fish will enhance the company’s risk management and pricing strategies through advanced modeling and analytics and lead a team of 35 people. In…
MDS Group, the insurance and reinsurance broking, risk advisory and benefits management company of Ardonagh Group, has expanded its presence in Spain with the appointment of four senior leaders across the employee benefits, marine and surety insurance sectors. José Antonio Heredia has been appointed Director of Employee Welfare, while Manuel Lezama Leguizamón will assume the…
AIG, Onex Corperation and Convex have completed a comprehensive transaction that will give Onex a 63% controlling interest in the specialty insurance company, with AIG holding an approximately 35% minority stake and a 9.9% stake in Onex, and a broader long-term strategic partnership, including reinsurance and capital commitments. Under previously announced transactions, AIG acquired a…
Indian public sector reinsurer General Insurance Corporation of India (GIC Re) reported that its combined ratio (CoR) improved by 3.58 percentage points to 106.88% for the nine months ended December 31, 2025 (September 2025), as compared to the combined ratio of 110.46% in September 2024. The company reported a 37.58% decrease in its underwriting losses…