Insurance Europe, the federation representing national insurance associations across 39 European countries, has cautioned that the European Commission’s draft Level 2 measures for Solvency II fall well short of political commitments made by EU lawmakers, jeopardising growth and putting billions in potential long-term investment at risk. In its consultation response, Insurance Europe underlined the industry’s […]
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Reinsurers still able to achieve target ROEs with 10%+ property cat rate cuts at Jan 1: Aon’s Hatlestad
Tracy Hatlestad, Executive Managing Director and Global Property Segment Leader at Aon Reinsurance Solutions, said recently that the broker believes reinsurers will still be able to hit their target ROEs on property catastrophe books even with rate reductions of 10% or greater heading into the January 1st, 2026, renewals. Aon Reinsurance Solutions held its first […]
Everest names Voralia CUO for Global Reinsurance
Everest Reinsurance, the reinsurance division of Everest Group, has announced the appointment of Jiten Voralia as Chief Underwriting Officer (CUO) for Global Reinsurance, effective immediately. Voralia will be succeeding Chris Downey, who was recently promoted to EVP and Group CUO, and will report to Jill Beggs, EVP and CEO of Reinsurance. In his new role, […]
Caffrey to take over as White Mountains CEO in 2026
White Mountains Insurance Group, Ltd. has announced the appointment of Liam Caffrey as Chief Executive Officer, effective January 1, 2026, succeeding current CEO Manning Rountree. Caffrey, who currently serves as President and Chief Financial Officer of White Mountains, will also be joining the company’s Board as he takes over the CEO role Rountree will retire […]
AM Best revises US health insurance segment outlook to negative
US health insurers have come under significant pressure due to increased utilisation and higher medical costs across the industry, prompting AM Best to revise its outlook on the segment to negative from stable. In its recent report, AM Best highlighted that the US health insurance industry is facing broad-based increases in medical expenditures. These are […]
Mun named Director, Client Management at Aon Reinsurance Malaysia
Lin Mun, an executive with over 21 years of extensive experience in the insurance and reinsurance industry, has been appointed as Director, Client Management of Aon Reinsurance Malaysia. With a deep understanding of the market and client needs, Mun will use her expertise, strong professional network and valuable industry insight to help clients make better […]
Healthy underwriting results & robust investment income support Asian reinsurers’ earnings: AM Best
Asian reinsurers are actively expanding to mature overseas markets to diversify their portfolios and improve cycle management, a move seen by credit rating agency AM Best as credit positive. According to a recent AM Best report, many reinsurers in Singapore and across South and Southeast Asia reported strong earnings in 2024, supported by healthy underwriting […]
ACORD launches NGDS Object Model to streamline digital data exchange
ACORD, the global standards-setting body for the insurance industry, has announced the launch of the Next-Generation Digital Standards (NGDS) Object Model, designed to streamline digital data exchange across the insurance industry. The NGDS Object Model enables smoother, more accurate, and more secure data exchange. It bridges the gap between distinct business capabilities and disparate data […]
Chariot Re appoints Reena Pally as Chief Investment Officer
Chariot Re, a newly established Bermuda-based life and annuity reinsurance company, has appointed Reena Pally as Chief Investment Officer, effective 1st September 2025. Chariot Re launched in 2025 with co-sponsorship from MetLife and General Atlantic. The two firms revealed that Chariot Re has an initial combined equity investment of over $1 billion, of which they […]
The Hartford hires Stojanovic as head of Enterprise Strategy
US-based insurer The Hartford has announced the appointment of Vladimir Stojanovic for the newly created role of head of Enterprise Strategy, effective 3 September. In his new role, Stojanovic will oversee trend analysis and competitive intelligence to identify emerging opportunities and disruptive forces shaping the industry. He will work with various teams across the company […]