Lockton, a global independent insurance brokerage, has appointed Ryan Bond in the newly created role of Head of Property and Casualty (P&C) for Bermuda, effective September 8th, 2025, based on the island. In his new role, Bond will report to Philip DiMeglio, Managing Director, Lockton Bermuda, and hold overall responsibility for Lockton Bermuda’s vast property … Read more
The four largest European reinsurers – Munich Reinsurance Company (Munich Re), Swiss Reinsurance Company Ltd (Swiss Re), Hannover Rueck SE (Hannover Re) and SCOR SE – achieved a record average return on equity (ROE) of 21.1% in the first half of 2025 (1H25). They surpassed the previous 20.5% peak seen in the first half of … Read more
Moody’s Corporation has appointed Andy Frepp as Interim President of Moody’s Analytics, effective immediately, succeeding Stephen Tulenko, who has resigned to pursue another opportunity. Most recently, Freep served as the Chief Operating Officer of Moody’s Analytics, a role he has held since January 2024. In the meantime, Moody’s has begun a process to identify a … Read more
According to AM Best’s analysis, the rating agency’s Asia-Pacific composite (which includes 33 reinsurers domiciled in the region reporting under IFRS 17 accounting standards) recorded an improved combined ratio overall in 2024 of 91.4%, compared to 92.5% in 2023 and 95.8% in 2022. AM Best noted that nearly all reinsurers in the composite reported an … Read more
Independent specialist re/insurance broker Miller has announced the appointment of Paul Cumberland as Chief Broking Officer, a newly created global role. In his new role, Cumberland will report directly to James Hands, Group CEO. He will leverage his 25 years of industry experience to lead Miller’s strategic market engagement, data-driven innovation and service enhancements. The … Read more
Australian insurer QBE has appointed Stephen Geisler as Chief Executive Officer (CEO) of South Asia and Ross Bethell as Head of Partnerships for its Asia business. The pair will be based in Singapore and report to Rob Kosova, CEO of QBE Asia. Geisler will take on his new role from September 23rd, 2025, succeeding Ronak … Read more
Insurance broker Willis, a WTW business, has significantly expanded its Japanese Corporate Risk & Broking team, emphasising its commitment to the Japanese market. For the first nine months of 2025, Willis has hired 22 new professionals across its business, including for its brokerage service entity that was launched in October last year. The additions have … Read more
The YangWang U9 may have an unconventional name, but there’s no denying its ballistic performance. Chinese electric vehicles may not be a force we’re reckoning with here in North America, but BYD and its subsidiaries are absolutely making their mark on the automotive world. One such subsidiary is YangWang, which builds the U9 electric hypercar. … Read more
Aon, a global re/insurance broking group, has analysed $2 trillion of insurance premiums to identify the top profitable growth performers, concluding that “strategic focus and relevance consistently drive stronger financial outcomes — regardless of market conditions.” By comparing compound annual growth rates (CAGR) with returns on average equity (RoAE) for 120 re/insurers, Aon provides a … Read more
Nephila Holdings has announced that Jessica Laird has been promoted to CEO of Nephila Capital, the firm’s flagship catastrophe business, effective immediately, while Frank Majors will step down as Co-CEO of Nephila Holdings at year-end to focus on portfolio construction. Frank Majors co-founded Nephila in 1997 alongside Greg Hagood, and for nearly 30 years, they … Read more
(Images: Nissan) Nissan finally ends one of the longest production runs ever in building the last R35 GT-R. Generally speaking, we don’t know when it may be the last time we do something, but Nissan has been telegraphing the current GT-R’s end for a long time now. Even then, though, it still lingered on in … Read more
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 … Read more
Insurance Advisory Partners (IAP), a boutique investment banking firm specialising in the insurance sector, has appointed Rinki Melwani as partner, effective 25th August, subject to regulatory approval. Based at IAP’s Lime Street office in London, Melwani will work alongside UK partners Clive Buesnel, Bhaven Pathak, and Benjamin James. Her appointment reinforces IAP’s expanding presence in … Read more
Milliman, Inc., a consulting and actuarial firm, has released the latest update from its Milliman Pension Buyout Index (MPBI). In July, the estimated cost of transferring retiree pension obligations to an insurer through competitive bidding edged down slightly, from 100.2% to 100.1% of a plan’s accumulated benefit obligation (ABO). This places the projected retiree pension … Read more
The African Reinsurance Corporation (Africa Re) reported a solid net underwriting result of $54.35 million for the first half of 2025, with a combined ratio of 89.18%, up from 87.54% in the same period a year prior. The company noted that its solid underwriting performance underscores its operational resilience and disciplined risk selection and remains … Read more
Fitch Ratings has reported that the eight Bermuda re/insurers it rates experienced declines in underwriting profitability and net earnings in H1 2025, though results remained strong overall, as premium growth slowed in a softening market environment. Fitch’s group of eight Bermuda re/insurers, which includes Arch, AXIS, Aspen, SiriusPoint, Everest, Hamilton, RenRe, and Partner Re, posted … Read more
Global legacy re/insurance specialist Enstar has launched Scaur Hill Re Ltd., its first casualty reinsurance sidecar funded by a small group of third-party institutional investors providing $300 million in capacity, as reported by Artemis, our insurance-linked securities (ILS) focused sister publication. The creation of Scaur Hill Re Ltd. is a particular development as it marks … Read more
Global property and casualty reinsurers turned in solid results in the first half of 2025 despite facing record-breaking catastrophe losses, according to a new report from Morningstar DBRS, a credit rating agency and research provider. The firm noted that its group of selected top reinsurers generated an aggregated net income of $12.0 billion, only slightly … Read more
French re/insurer SCOR is seeking to restructure its legal entity framework in the Asia Pacific region to create a more agile and efficient organisation. This aligns with the company’s strategic plan, as it aims to align services to further enhance the delivery of high-quality client support. Through this, the SCOR says that it aims to … Read more
S&P Global Ratings, a provider of independent credit ratings and financial analysis, has upgraded The Hartford Insurance Group and its core subsidiaries, citing consistent results and stronger capital resiliency. The Hartford, a US insurer known for its property and casualty coverage as well as employee benefits, has seen its financial strength and issuer credit ratings … Read more