Diversification will continue to drive reinsurer strategies in 2026 and beyond, according to Francis Savari, CEO of UIB Asia Reinsurance Brokers.
Insurers tightening policy wordings, raising premiums and, in some cases, withdrawing from high-risk regions as traditional insurance models are tested by new and intensifying perils, according to a new report by Global Insurance Law Connect (GILC).
Lockton Re has appointed Mr Mozum Khan as Global Head of Property Innovation and Solutions. He will be based in Dubai.
Allianz Trade has announced a change in management within its specialty credit and midterm line of business. Mr William Whittington, previously head of region, specialty credit and midterm at Allianz Trade, has become global head of specialty credit and midterm.
Conduit Holdings, the ultimate parent company of Conduit Re, has announced the appointment of Mr Nicholas Shott as non-executive director.
A new report by the International Association of Insurance Supervisors (IAIS) examines the potential financial stability implications of natural catastrophe insurance protection gaps.
Japan-based insurer Tokio Marine Holdings has completed its acquisition of Ignyte Insurance's US collector vehicle insurance agency, the firm announced in a 4 November press release. The transaction was executed through its wholly owned subsidiary, Philadelphia Insurance Companies (PHLY), for $615m.