US cyber rates drop 32% at April 1, bespoke solutions surge amid ample reinsurance capacity: Gallagher Re
US cyber reinsurance rates fell around 32% during the April 1 renewals, impacted by a surge in excess capacity, which combined with a stable performance and low non-proportional pricing, has fostered the development of tailored solutions for cyber portfolios, according…
Aon’s Reinsurance Solutions names Jukgrid Treesuttamas as Senior Advisor, Thailand
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has appointed Jukgrid Treesuttamas as Senior Advisor, Thailand, effective 1st April 2026. Based in Bangkok, Treesuttamas will focus on strengthening the company’s capabilities to help its Thai clients make better…
Markel Insurance appoints James Shankland as Head of Ocean Cargo, US
Markel, the insurance operations within Markel Group Inc., has announced the appointment of James Shankland as Head of Ocean Cargo, U.S. In his new role, Shankland will lead the growth of Markel’s U.S. cargo portfolio, overseeing underwriting strategy, portfolio management,…
Liberty Mutual unveils new leadership structure to align global risk and capital capabilities
Tim Sweeney, President and Chief Executive Officer of Liberty Mutual Insurance, has announced a new leadership structure across the company’s Global Risk Solutions (GRS) and Liberty Mutual Investments (LMI) businesses, bringing them into closer strategic alignment, effective immediately. The new…
AXA UK & Ireland appoints Caroline Riddy as General Counsel
AXA UK & Ireland has announced the appointment of Caroline Riddy as General Counsel, effective 7th April 2026. Riddy succeeds Emily Coupland, who left the company in December after 24 years working across AXA’s various UK entities. Riddy brings more…
B.P. Marsh buys additional 2% equity stake in Pantheon
B.P. Marsh, the specialist venture capital investor in early-stage financial services businesses, has acquired an additional 2% equity stake in Pantheon, a full-service London market wholesale insurance broker, based on an equity valuation of £275 million from the company’s founders,…
AM Best revises outlooks to positive for Canopius US and Canopius Re
AM Best has revised the outlooks to positive from stable for Canopius US Insurance, Inc. and Bermuda-based Canopius Reinsurance Limited. At the same time, the rating agency also affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer…
ARPC CUO Mike Pennell to retire after long-standing service
The Australian Reinsurance Pool Corporation (ARPC), a government-backed organisation that manages national reinsurance schemes designed to support the availability and affordability of insurance in Australia, has announced that its Chief Underwriting Officer, Michael (Mike) Pennell, will retire later this year…
Santam Syndicate 1918 appoints Nigel Tatlock as Head of Property
Africa’s largest non-life insurer, Santam Group, has appointed Nigel Tatlock as Head of Property at its recently established subsidiary, Santam Syndicate 1918. This appointment aligns with the syndicate’s long-term growth plans as it continues to develop its offering at Lloyd’s, after…
CatIQ lowers final Ontario & Quebec ice storm loss estimate to CAD 466m
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fifth and final industry loss estimate for the ice storm that affected Ontario and Quebec between 28th and 31st March 2025, decreasing losses to CAD…