News
Hurricane Isaias insured losses seen in low billions as market absorbs Florida hit
Verisk estimates onshore insured property losses of $1bn-$2bn, while Gallagher Re expects a broader insured total at the lower end of the low-to-mid-single-digit billion range
Arch appoints De Simone to lead cyber in Italy
Former Sompo senior cyber underwriter will oversee growth of Arch’s cyber, tech E&O and media E&O portfolio across Italy
MENA reinsurance moving from resilience to opportunity – Lockton Re’s Monayer
Lockton Re MENA CEO Gerard Monayer told GR the region’s economies have proved resilient during a period of geopolitical uncertainty, while insurers are putting greater emphasis on capital efficiency, balance sheet optimisation and protection against emerging risks.
RenaissanceRe’s Syndicate 1458 tops Insurance DataLab Lloyd’s ratings
RenaissanceRe-managed syndicate takes first place in the 2026 rankings after underwriting profit rose to £92.6m, with Aegis just a tenth of a percentage point behind, and Brit completing the top three high performers
Ascot reshapes leadership with Pepper, Johnson and Flatt appointments
New structure creates separate divisions for specialty insurance and reinsurance and consumer solutions, as Ascot positions for its next phase of growth
ICEYE pushes satellite intelligence from claims response into underwriting
Stephen Lathrope told GR the satellite intelligence provider is expanding beyond catastrophe response into underwriting and predictive analytics as its insurance customer base grows
Howden Re opens Copenhagen office with Ellborg appointment
New Danish operation strengthens Howden Re’s Nordic and Baltic platform, with Jens Ellborg joining as managing director from 1 November
OAK Global looks to deepen client relationships after rapid Lloyd’s build-out
Cathal Carr, founder and CEO of OAK Global, discusses the reinsurer’s rapid expansion at Lloyd’s, its hybrid capital model, move into retro and how a greenfield technology strategy is shaping its approach to emerging risks
Masojada set for 2026/27 City of London mayoralty after Hailes withdrawal
Alderman Bronek Masojada will be supported for election as Lord Mayor of the City of London for 2026/27 after Tim Hailes withdrew from consideration
TFP strengthens Pine Walk leadership with Williams and McInally appointments
Leadership appointments come as Pine Walk grows to 18 MGAs and $1.6bn of written premium
Munich Re Specialty expands into Italian primary specialty market
Milan-based operation will initially offer construction and engineering, property and surety products, with first risks expected to be written in early 2027
Aon appoints Esser CEO of German reinsurance business
New leadership structure at the reinsurance broker will see Volker Wahl become executive chairman as Jan-Oliver Thofern prepares to retire at the start of 2027
McLarens appoints Waterman regional director for Middle East
Ollie Waterman will take responsibility for the claims management firm’s Middle East business from 1 October as Malcolm Addy prepares to retire
HDI appoints Radford active underwriter for Syndicate 2029
Financial lines head takes on responsibility for underwriting strategy, portfolio performance and risk appetite as HDI progresses towards launch of its new Lloyd’s syndicate
Marine insurance remains stable as geopolitics reshapes risk: IUMI
IUMI president Frédéric Denèfle said marine insurers face growing uncertainty from war risks, competition, inflation and changing trade routes despite continued premium growth
LSM appoints UK, MENA supercoverholder underwriting leader
Former Chubb executive joins Liberty Specialty Markets to oversee strategic partnerships and support growth in financial lines and transactional risk
MAPFRE Re sees orderly softening as market shifts towards client differentiation
Javier San Basilio told GR he expects an orderly renewal season as reinsurers increasingly differentiate between individual clients, while the group continues to diversify through ILS, life business and growth markets
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