Reinsurance News
Nick Cox appointed Class Underwriter of Arrow’s newly launched International PI practice
16th December 2025
Arrow Risk Management, a specialist MGA underwriting platform, has announced the launch of its International Professional Indemnity (PI) practice and the appointment of Nick Cox as Class Underwriter. The new practice marks a significant expansion of Arrow’s Financial and Professional Lines portfolio. It has been designed to build a balanced book ... Read the full article
Expanding strategic partnerships and maintaining a balanced portfolio: AXA XL Re’s CUO on 2026
16th December 2025
In a recent Reinsurance News interview, Jonathan Gale, Chief Underwriting Officer (CUO) at AXA XL Re, shared his insights on market dynamics, challenges, and opportunities for 2026. Gale oversees underwriting strategy and risk selection across all major classes, ensuring that the company remains a valued partner to strategic clients and brokers, ... Read the full article
Ranji Sinha to lead newly launched BMS (DIFC) as broker strengthens commitment to the region
16th December 2025
Global insurance and reinsurance broker BMS Group Ltd has officially launched BMS (DIFC) Ltd after the receipt of all necessary Licence and Regulatory Approval. The specialist re/insurance broker launched its Middle East operation with the acquisition of United Arab Emirates (UAE) insurance broker, Berns Brett Masaood (now BMS Masaood), back ... Read the full article
Adam Clifford named CEO of AIG’s International Commercial Insurance
16th December 2025
Global insurer American International Group (AIG) has announced the appointment of Adam Clifford as Chief Executive Officer (CEO), International Commercial Insurance, effective January 5, 2026. Based in London, Clifford will leverage his nearly 30 years of global insurance leadership experience to lead AIG’s International Commercial Insurance teams, including underwriting, distribution, and ... Read the full article
Beazley appoints Nat Cross as Head of Digital Follow Underwriting
16th December 2025
Specialty insurer Beazley has announced the appointment of Nat Cross to the newly created role of Head of Digital Follow Underwriting, effective 1st February 2026. Since the launch of its dedicated follow syndicate, Smart Tracker 5623, in 2018, Beazley has successfully developed its follow underwriting capabilities. With the fast follow environment rapidly ... Read the full article
2025 insured nat cat losses to exceed $100bn but down 24% year-on-year: Swiss Re
16th December 2025
2025 insurance and reinsurance industry losses from natural catastrophes are expected to exceed $100 billion for the sixth consecutive year, but at an estimated $107 billion, the total is 24% lower than the $141 billion seen in 2024, and 3% below the 10-year average of $111 billion, according to Swiss ... Read the full article
Dwayne Hunt named SVP, Head of Property Insurance at Hamilton Re
16th December 2025
Hamilton Insurance Group, Ltd, a specialty re/insurance company, has appointed Dwayne Hunt as Senior Vice President and Head of Property Insurance at Hamilton Re, its Bermuda-based underwriting platform, effective immediately, replacing Gavin Davis, who will be departing the organisation. With 30 years in the insurance industry, Hunt will oversee Hamilton Re’s ... Read the full article
Insurers to access Terrorism Reinsurance Pool as Bondi Beach attack declared a terrorism incident
16th December 2025
The Bondi Beach attack on December 14th has been declared a terrorism incident for insurance purposes under the Terrorism and Cyclone Insurance Act 2003 (TCI Act), activating the Terrorism Reinsurance Pool (TRP) as the Insurance Council of Australia (ICA) declares the attack a significant event. The declaration made by the Treasurer ... Read the full article
XS Global expands into Asia Pacific with Hong Kong launch
16th December 2025
XS Global, an independently owned managing general underwriting (MGU) platform, has expanded into the Asia Pacific region with the launch of XS Global Asia Pacific Ltd (XSGAP) in Hong Kong, with the office being led by APAC CEO and XS Global Executive Committee member, Steven Barnett. XSGAP, licensed in Hong Kong ... Read the full article
South Korea adjusts discount rate rules to ease solvency pressures on non-life insurers
16th December 2025
South Korea’s financial authorities have relaxed regulations on discount rates, a move expected to ease solvency pressures for the country’s non-life insurers, according to credit rating agency AM Best. Declining market interest rates, combined with stricter rules on discount rate calculations, have been creating challenges for insurers’ capital adequacy. The newly ... Read the full article
TMK adds energy, power and renewables specialist Gregory to Liability team
16th December 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has appointed Harry Gregory as an Underwriter within its Liability team, effective immediately. In the new role, he will report to Oliver Delaney, Departmental Head of Liability, and be responsible for the design and placement of liability programmes for both national and multinational ... Read the full article
50% of MGAs still in early stages of API adoption: Root Platform
15th December 2025
Half of managing general agents (MGAs) are at the start of their digital/API transformation journey, according to new data by Root Platform, the API-first core platform for delegated authority insurance business. A recent poll taken by senior leaders from MGAs during Root’s recent market briefing, How API-Driven Insurance Models are Transforming ... Read the full article
MNK International appoints Naman Kumar as new CEO
15th December 2025
MNK International, part of the MNK Group and an independent Lloyd’s broker, has announced the appointment of Naman Kumar as Chief Executive Officer (CEO). Naman brings a distinguished career marked by transformative leadership across leading institutions in global finance, insurance, and reinsurance. Prior to his new appointment, Kumar served as Group CFO, ... Read the full article
US commercial insurance pricing growth slows in Q3’25, says WTW
15th December 2025
WTW, a global advisory, broking, and solutions company, reports that US commercial insurance rates rose by 3.8% in the third quarter of 2025, continuing the easing trend observed earlier in the year. This follows increases of 3.8% in Q2 2025 and 5.3% in Q1 2025, according to WTW’s Commercial Lines Insurance ... Read the full article
Mark DiTaranto appointed PartnerRe’s Global Head of Claims
15th December 2025
Global reinsurer PartnerRe has announced the appointment of Mark DiTaranto as its new Global Head of Claims. DiTaranto joins PartnerRe from AXA XL, where spent nine years of his career, most recently as Global Head of Claims - Reinsurance. He joined the company as Head of Claims - North America - Reinsurance ... Read the full article
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