Bermuda and US re/insurers maintain strong capital positions despite rising losses and softening market: Fitch
Global credit rating agency Fitch Ratings has issued a report examining a group of Bermuda and U.S. re/insurance companies, namely Arch Capital Group Ltd., Ascot Group Limited, Hamilton Insurance Group Ltd., RenaissanceRe Holdings Ltd. and SiriusPoint Ltd. Fitch Ratings noted in its report that the overall financial strength of the group remains solid despite differences…
Fathom Re appoints Mark Rex as Managing Partner
Fathom Reinsurance Partners, a Dallas, Texas-based reinsurance intermediary, announced the appointment of industry veteran Mark Rex as managing partner. Rex has nearly four decades of reinsurance industry experience, specializing in treaty and program brokerage in the property and casualty insurance space. His arrival is expected to significantly enhance Fathom Re’s client advisory capabilities, particularly in…
Kinsale Capital reports improved Q1’26 underwriting income
Kinsale Capital Group, Inc. reported underwriting revenue of $94.5 million and a combined ratio of 77.4% in the first quarter of 2026, compared to $67.5 million and 82.1% in the first quarter of 2025. The increase in underwriting revenue was driven by an increase in net premiums earned of $407 million compared to $366 million…
Beazley adds Sundeep Khera as Head of Marine
Major specialist insurer Beazley has appointed Sundeep Khera as head of maritime with effect from 21 April 2026, reporting to Tim Turner, group head of maritime, accident and political (MAP) risk. As part of MAP’s risk team, Khera will lead the ocean, energy, aeronautics and space teams. He is a veteran of the London market…
Reinsurance market conditions sustainable, but discipline is being tested: QBE Re’s Cook
Jamie Cook, chief partnerships officer at QBE Re, said current reinsurance market conditions remain sustainable but discipline is being tested, particularly by adequate capital and increased competition in specific lines of business. In a recent interview with Reinsurance News during a visit to Bermuda, Cook emphasized that maintaining capital cost discipline is key. “If we…
Spencer Pimley joins AIG Lex London as Head of Property
AIG, a global insurance organization that provides a broad range of property casualty insurance and related services, announced that Aviva’s Spencer Pimley has joined its Lex London team as property executive. Pimley has over 18 years of property underwriting experience supporting large multinational clients across a variety of business sectors. At AIG, Spencer will lead…
McGill and Partners announces coverage for aviation spares against war perils
Global specialist insurance and reinsurance broker McGill and Partners has expanded its aviation insurance solutions to provide protection for aviation spare parts against the dangers of war on the ground. The broker is working with certain operators in the London market to offer the cover, which aims to fill a “critical” coverage gap in traditional…
Canopius launches new cyber war product to protect businesses
Canopius Group, an international specialist property and casualty (P&C) re/insurer, has launched a new cyber warfare product to provide businesses with specialized protection against the escalating threat of cyber warfare. Cyber ​​warfare has grown to the point where it can shut down operations, compromise critical systems, and undermine financial resiliency. As global tensions increasingly flow…
Kuwait Re commences operations from India’s GIFT City
Kuwait Reinsurance Company KSCP (Kuwait Reinsurance Company) announced that it has started operations in India’s first International Financial Services Center (IFSC), Gujarat International Financial Technology City (GIFT City). Founded in 1972, Kuwait Reinsurance Company is a reinsurance provider with offices in Kuwait and Malaysia. The company provides life and non-life treaty and temporary reinsurance solutions….
Travelers plans to expand homeowners insurance availability across California
The Travelers Companies, Inc., a major U.S. insurance company, has notified the California Department of Insurance (CDI) of its intention to expand homeowners insurance coverage across the state through voluntary participation in the California Sustainable Insurance Strategy (SIS). The initiative, championed by the state’s Insurance Commissioner Ricardo Lara, allows participating carriers to incorporate forward-looking wildfire…
