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A new report from Fitch Ratings reiterated its “deteriorating” outlook for the global reinsurance and London market sectors, saying a softening in the pricing cycle will have a more severe impact. Fitch said in a new report that despite a tougher macroeconomic backdrop, the global insurance industry outlook remains “neutral” through mid-2026, supported by generally…
AXIS Capital Holdings Limited has appointed Pradip Patiath, a senior partner at McKinsey & Company and global leader of the firm’s financial services and technology sectors, to its board of directors. Effective June 15, 2026, Patiath will join the AXIS Board of Directors, serving on its Risk, Human Capital and Compensation Committees. Patiath worked at…
New research released by Willis, the insurance brokerage, risk advisory and risk management business of WTW, shows that cyber insurance continues to provide significant financial protection against cyber incidents. In its latest report, Cyber ​​claims take center stage – getting value from cyber insurance, Willis found that insurance covers more than 95% of average data…
Westfield Specialty International, a specialist insurance provider, has expanded its casualty insurance product range with the launch of a new UK and European liability portfolio. The newly formed division will be led by Keith Knight as class underwriter and Andy Skinner as deputy class underwriter. The UK and European liability portfolio will underwrite a broad…
Tim Shreeve has been appointed Chief Commercial Officer of Ariel Re, responsible for identifying and driving growth opportunities for the Bermuda-based company. Shreeve joined Ariel Re in 2021 as head of platform development after nearly a decade at Nephila Capital, a specialist manager of insurance-linked securities (ILS). In his new role in Bermuda, Shreve will…
CRC Group, an independent wholesale specialty insurance distributor, has appointed Bill Goldstein as director of strategic partnerships, capabilities and capital solutions to lead its newly formed risk solutions division. Goldstein will manage the company’s latest efforts to develop proprietary capabilities, capital partnerships and alternative risk vehicles. He will also lead the new unit focused on…
The Government of India plans to sell up to 87,720,000 equity shares in General Insurance Corporation of India (GIC Re), India’s public sector reinsurer, to investors on June 16 and 17, 2026, amounting to 5% of the reinsurer’s total issued and paid-up share capital. The offer has a floor price of Rs 352 per share…
Global professional re/insurance broker Consilium has announced the appointment of Olivia Bellingham as a partner in its international casualty risk solutions team. Bellingham has 12 years of market experience, joining the company from BMS as an international life sciences and casualty insurance broker. Prior to his four-year tenure at BMS, the executive served as an…
Descartes Underwriting, a global provider of parametric insurance solutions, and specialist risk and underwriting partner OAK Global have announced that Descartes has secured underwriter status with Lloyd’s, the world’s oldest insurance and reinsurance market. Under the new binding authorization agreement, Descartes Underwriting will create a pathway for bringing additional risks into the London market through…
Marsh Reinsurance brokerage Guy Carpenter has announced four senior appointments to its Nordic and Baltic teams, including Samir Baha as deputy chief executive. Baha brings more than two decades of industry experience. He joins Guy Carpenter from Howden Re where he was Managing Director. Prior to that, he held leadership roles at SiriusPoint and Willis…