Reinsurance News
Karla Scott joins MSIG USA as Head of Cargo and Logistics
24th June 2026
MSIG USA, the US insurance arm of global insurer MS&AD Insurance Group Holdings, is further strengthening its Marine platform and expanding its capabilities with the appointment of Karla Scott as Head of Cargo and Logistics. Leveraging her over 25 years of experience across marine cargo, logistics, inland marine, and hull underwriting, ... Read the full article
AXA XL announces leadership changes across Austria and CSEE operations
24th June 2026
AXA XL, the property, casualty and specialty risk division of the AXA Group, has announced a leadership change affecting its operations in Austria and the Central and Southeastern Europe (CSEE) region. The company has operated in Austria and the CSEE region for almost 30 years and views the area as having ... Read the full article
SanlamAllianz’s Heinie Werth to retire, Hennie Nel succeeds as CEO
23rd June 2026
The Board of SanlamAllianz, a Pan-African non-banking financial services company formed jointly by Sanlam and Allianz, has appointed Hennie Nel as its next Chief Executive Officer (CEO), effective September 1st 2026, as Heinie Werth retires at the end of 2026. Werth retires following a distinguished 28-year career with the Sanlam group, ... Read the full article
Global insurance protection gap widens as growth shifts to emerging markets: Moody’s
23rd June 2026
Moody's has suggested the global insurance protection gap is widening as economic growth shifts toward underinsured emerging markets, where insurance penetration remains low, and catastrophe losses are increasingly going uninsured. According to the firm’s report, the protection gap is typically wider in developing economies, where insurance penetration remains low due to ... Read the full article
U.S. P&C insurance industry’s financial performance improves through Q1’26: Verisk
23rd June 2026
The U.S. property & casualty (P&C) insurance industry saw an improved year-over-year financial performance in the first quarter of 2026, with insurers posting a strong 92.4 combined ratio alongside a significant deceleration in premium growth, Verisk data revealed. According to key financial indicators for private U.S. P&C insurers, from both Verisk ... Read the full article
RGA appoints Laura Cockrill as CFO
23rd June 2026
Reinsurance Group of America (RGA), a global life and health reinsurer, has announced the appointment of Laura Cockrill as Chief Financial Officer, effective immediately. Cockrill will be succeeding Axel André, who will leave the company on July 17 to pursue a new opportunity. Bringing more than 25 years with RGA, Cockrill has ... Read the full article
BMS establishes Global Capability Centre in Mumbai led by Nipun Mapara
23rd June 2026
BMS Group, an independent global insurance and reinsurance broker, has established a Global Capability Centre (GCC) in Mumbai, led by Nipun Mapara as Managing Director (MD), with Sanjeev Poojari appointed as Head of Operations. The new centre marks a significant step in the broker’s long-term strategy to build data, analytics, and ... Read the full article
Carrick closes IRB-Brasil UK legacy transfer following High Court approval
23rd June 2026
Bermuda-based international non-life legacy insurer Carrick Group Limited has announced the transfer of the reinsurance contracts of IRB-Brasil Resseguros’ UK branch to Community Reinsurance Corporation Limited by way of an insurance business transfer scheme under Part VII of the Financial Services and Markets Act 2000. The transfer was reportedly sanctioned by ... Read the full article
Minesh Jani joins Gallagher Re as CEO of India
23rd June 2026
Gallagher Re, a global reinsurance broker and advisory firm, has confirmed that Minesh Jani has now joined as Chief Executive Officer (CEO) of India, which was announced back in February. “Minesh has built strong, collaborative relationships across clients, markets and regulators in the region, enabling consistent growth and long-term partnerships. ... Read the full article
Echo Re welcomes Rajil Khare as Senior Underwriter, Indian Sub-Continent
23rd June 2026
Echo Reinsurance Limited (Echo Re), a Swiss-based reinsurer, has announced the appointment of Rajil Khare as Senior Underwriter, Indian Sub-Continent, effective June 22, 2026. His appointment further strengthens Echo Re’s footprint in the rapidly growing Indian market, the firm stated. While the reinsurer has maintained a steady presence in India for over ... Read the full article
IRB(Re) looks to broaden its international and domestic footprint
23rd June 2026
IRB-Brasil Resseguros S.A., known as IRB(Re), the Brazilian reinsurance company that provides risk transfer and reinsurance solutions to insurers in Brazil and overseas, has introduced a number of initiatives aimed at broadening its international footprint while also extending its activities within its domestic market. In separate market announcements released in June, ... Read the full article
QBE adds Callum O’Brien as Head of P&I, Asia
23rd June 2026
International insurer and reinsurer QBE has appointed Callum O’Brien as Head of Protection and Indemnity (P&I) for Asia. The move strengthens QBE's British Marine offering in a region central to its marine ambitions. In his new role, O’Brien succeeds Sebastian Tjornelund, who previously held the role before being appointed as Asia ... Read the full article
Waypoint enters Reinsurance Intermediary Management Agreement with MEM
23rd June 2026
Waypoint Underwriting Management, a division of Brown & Brown, has entered into a Reinsurance Intermediary Management Agreement with MEM Mutual Insurance Company (MEM) to underwrite property, casualty, and workers compensation treaty reinsurance business on MEM's behalf. Waypoint is a specialty reinsurance underwriting management company providing property, casualty, and workers compensation reinsurance ... Read the full article
AXA XL appoints Samantha Wotton as Head of Coverholder Development
23rd June 2026
AXA XL, the property, casualty and specialty risk division of AXA, has announced the appointment of Samantha Wotton as Head of Coverholder Development. Wotton will join AXA XL following six years with DUAL Group, the international underwriting arm of Howden Group. During her tenure at DUAL Group, Wotton served as UK Deputy ... Read the full article
Flexpoint investment in Novel to support continued expansion
22nd June 2026
Novel Financial Holdings has secured an investment from Flexpoint Ford, a specialist private equity firm, to support its continued expansion as a diversified underwriting and insurance services holding company. Funded through Flexpoint Asset Opportunity Fund III and Flexpoint Insurance Opportunity Fund I, the capital investment broadens Novel's ownership base and reinforces ... Read the full article
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