Shrinking underwriting margins threaten US D&O liability space despite profitability: AM Best
While U.S. directors and officers (D&O) liability insurance remains profitable, premiums fell for a fourth consecutive year in 2025, reflecting increased competition in the sector as commercial insurers’ underwriting performance shows warning signs, according to a new report from AM Best. AM Best’s segment report, “US D&O Liability – Still Profitable, But Warning Signs Are…
Hannover Re US names Elena Strunk as Vice President, Medical Director
Hannover Re US announces the appointment of Dr. Elena Strunk as Vice President and Medical Director. In her new role, Dr. Strunk will help advance Hannover Re’s underwriting and digital transformation initiatives, lead the modernization of medical assessment practices to reflect evolving medical knowledge, and strengthen the company’s medical oversight and governance capabilities. She brings…
Liberty Specialty Markets launches bespoke proposition for retail businesses
Liberty Specialty Markets (Liberty), part of Liberty Mutual Insurance Group, announced the launch of customized solutions for upper-mid-sized retail companies. Following a successful pilot, this launch further supports Liberty’s regional investment strategy in the UK and Ireland. With dedicated centers in Manchester, Bristol and Dublin, and support from its London headquarters, Liberty will offer insurance…
Chalkias appointed as Everest’s Australia Country Head & CFO
Bermuda-based global reinsurer Everest has appointed Peter Chalkias as Australia country head and chief financial officer. Chalkias brings extensive insurance industry experience to his new role. His professional background includes deep expertise in financial risk, risk management, accounting, financial planning and business process improvement. He initially joined Everest Australia in 2013 as Chief Financial Officer….
IGI to open a new branch in India’s GIFT City as it secures license
International General Insurance Holdings Limited (IGI) has received a license to operate in the International Financial Technology City (GIFT City) in the state of Gujarat, India, the first and only international financial services center to operate in the country. The expansion comes after the International Financial Services Centers Authority (IFSCA) approved the registration of the…
Geneva Association appoints Lard Friese as Chair following 2026 spring board meeting
The Geneva association, a global insurance industry organization that brings together senior leaders from major insurers and reinsurers to support research and discussions on risk and resilience, confirmed the change in the chairmanship following its 2026 spring board meeting on June 3. Lard Friese, CEO of Aegon and Chairman of the Executive Committee, has been…
Aon reports soft cyber and tech E&O insurance market amid growing risk challenges
Global professional services firm Aon, which specializes in risk, insurance, reinsurance, human capital and advisory services, said conditions in the cyber and technology errors and omissions (E&O) insurance market remain favorable for buyers, although insurers have become increasingly cautious as cyber threats continue to evolve. Aon said strong market capacity and competitive conditions continued to…
Chloé Meurisse joins Gallagher Re’s FAC team as Divisional Director
Global reinsurance brokerage and advisory company Gallagher Re announces the appointment of Chloé Meurisse as Director of FAC Division. In her new role, Meurisse will use her 28 years of experience in temporary reinsurance to strengthen and grow Gallagher Re’s European FAC business. The executive joins the firm with extensive experience in international client management…
We don’t foresee a fundamental collapse in pricing with ample discipline in the Bermuda market: PwC’s Wightman
Arthur Wightman, PwC’s Bermuda country leader, does not expect a fundamental collapse in pricing until 2026, despite continued softness in the reinsurance market on the property side and tight constraints on the capital and innovation magnets of the Bermuda market. In April, Reinsurance News met with Whiteman at PwC’s offices in Hamilton, Bermuda, to discuss…
Niyam Group adds Probitas 1492’s CEO Bathia as Non-Executive Director
Niyam Group, an India-focused reinsurance platform, has appointed Ash Bathia as a non-executive director to its board of directors. An industry veteran with nearly 50 years of experience, Bathia began his career as a casualty underwriter with Eagle Star in 1979 and spent 18 years with the company. He currently serves as Chief Executive Officer…
