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Insurance Market
Crest Nicholson Holdings Annual Results
Crest Nicholson Holdings plc announced its preliminary results for the year ended December 31, 2025, reporting revenue of approximately £650 million (down from prior year due to cautious market conditions), an adjusted profit before tax in line with expectations, improved forward sales visibility, and a strengthened balance sheet through disciplined land acquisition, cost control, and working capital management. The company highlighted progress on strategic initiatives including enhanced customer experience, operational efficiency, and a renewed focus on margin delivery in a recovering UK housing market, while declaring a modest dividend and expressing confidence in returning to growth in 2026 amid stabilizing interest rates and improved buyer sentiment.
European Insurance M&A to Accelerate in 2026
Fitch Ratings expects European insurance M&A activity to accelerate in 2026, driven by insurers seeking scale for profitability, diversification into specialty and emerging lines, digital transformation needs, and private equity interest in MGAs and insurtech platforms, amid a favorable environment of stable profitability and excess capital despite economic uncertainties and regulatory scrutiny. Key trends include consolidation in fragmented markets, cross-border deals for geographic expansion, and strategic acquisitions to enhance AI/data analytics capabilities, though deal volumes may be tempered by valuation gaps, interest rate dynamics, and integration risks.
Fairfax Financial Holdings Limited reported strong financial results for the year ended December 31, 2025, with record net earnings to shareholders of approximately US$3.8 billion (US$162 per basic share) and operating income reflecting excellent underwriting performance across insurance and reinsurance operations, a consolidated combined ratio in the low-90s, significant premium growth, favorable reserve development, and higher net investment income amid disciplined pricing and moderated catastrophe losses relative to prior years. The results underscore Fairfax's focus on profitable underwriting, opportunistic capital deployment, strategic acquisitions, and substantial shareholder returns through dividends and share repurchases, while maintaining a robust balance sheet and expressing confidence in continued long-term value creation in 2026.
Hamilton Insurance Group reported strong full-year 2025 results with net income of $577 million, 24% growth in book value per share, and excellent underwriting performance across its reinsurance and insurance operations, driven by disciplined risk selection, favorable reserve development, premium growth in key lines, and higher investment income amid moderated catastrophe losses. The company also declared a special dividend, reflecting robust capital generation, a strong balance sheet, and confidence in continued profitable growth and shareholder returns in a competitive market environment heading into 2026.
Highlights of 3Q FY2025 Results_Sompo Holdings, Inc.
Sompo Holdings reported strong financial results for the first nine months of FY2025 (ending December 31, 2025), with adjusted net income (excluding business-related equities) of JPY 557.7 billion (83% progress against full-year projections), driven by excellent international underwriting performance, reduced North American capital losses, lower domestic natural catastrophe losses in Japan P&C, higher investment income, and solid contributions from domestic P&C, international, and life segments despite FX headwinds from yen depreciation. The company revised upward its full-year adjusted net income guidance to JPY 752.0 billion, targeting an adjusted ROE of 19.3%, reflecting robust premium growth (net premiums written up 4.6% YoY excluding FX impacts to JPY 1,811.0 billion), disciplined underwriting, and capital strength in a competitive insurance and reinsurance environment.
Munich Re Unit to Cut 1,000 Positions as AI Takes Over Jobs
ERGO, Munich Re’s primary insurance arm, plans to eliminate ~1,000 positions in Germany by end-2030, driven partly by AI adoption in repetitive telephony and claims processing tasks. No forced redundancies are planned; instead, ~500 employees will be retrained over two years for redeployment into growth areas (e.g., retirement planning). ERGO employs ~15,000 in Germany. This aligns with Munich Re’s broader goal of €600M annual cost savings by 2030 to offset inflation, mirroring AI-driven efficiency moves at peers like ING and Allianz.
Pinion Insurance launches with up to $180m backing from Barings
Pinion Insurance, a new Bermuda-incorporated, London-headquartered specialty carrier, has launched with up to $180M preferred equity from Barings Capital Solutions. Built on Pinion Risk Consulting (founded by Laura Baird, CTO), the team includes Neil McConachie (CEO, ex-Fidelis/Lancashire/Montpelier) and Philip Vandoninck (CUO, ex-Fidelis Bermuda/Socium).
Pinion provides long-term capacity, underwriting insight, and real-time exposure transparency via a proprietary tech platform to high-performing MGAs in the US, UK, and Europe. US E&S binding targeted for Q2 2026; EU/UK underwriting planned for 2027 (pending approvals and AM Best rating). The platform bridges MGAs and capital providers (including reinsurers) in a tech-enabled, capital-light model, emphasizing transparency, efficiency, and reduced operational burden. Howden Capital Markets & Advisory supported the launch.
QBE announces Full Year 2025 result | QBE Insurance Group
QBE Insurance Group reported strong full-year 2025 results with an underlying profit after tax of approximately AUD $2.1 billion (up significantly year-on-year), driven by excellent underwriting performance, a combined operating ratio of around 91%, premium growth across key segments (Australia, International, and Reinsurance), favorable reserve development, and higher investment income amid disciplined pricing and moderated catastrophe losses relative to prior years. The results reflect continued strategic progress in portfolio optimization, expense management, claims efficiency, and capital strength, with the company declaring a solid dividend and expressing confidence in sustained profitability and growth into 2026 despite ongoing challenges from inflation, reinsurance costs, and weather volatility.
Record profit achieved in 2025 - Convex Insurance
Convex Insurance reported a record profit for 2025, achieving strong underwriting performance with a combined ratio in the low-80s, significant premium growth across specialty and reinsurance lines, favorable reserve development, and higher investment income amid disciplined risk selection and moderated catastrophe losses compared to prior years. The results reflect Convex's focus on technical excellence, capital efficiency, and profitable expansion in a competitive market, positioning the company for continued momentum and resilience into 2026.
Sompo gets regulatory approvals for $3.5bn Aspen acquisition
Sompo Holdings has secured all required antitrust and insurance regulatory approvals to close its $3.5 billion acquisition of 100% of Aspen Insurance’s Class A ordinary shares via Sompo International Holdings Ltd. subsidiary. Announced in August 2025 and unanimously approved by both boards, the deal is expected to close imminently. Aspen brings a strong global P&C insurance/reinsurance franchise, including a leading Lloyd’s syndicate, enhancing Sompo’s capacity for complex risks, underserved markets, and global diversification. AM Best placed Sompo Japan units under positive review last year. Integration will begin post-closing to bolster Sompo’s platform.
Tokio Marine Holdings reported strong 3Q FY2025 results (first nine months) with adjusted net income (excluding business-related equities) of JPY 557.7 billion (83% progress against November projections), driven by robust international underwriting performance, reduced North American capital losses, lower domestic natural catastrophe losses in Japan P&C, and higher investment income, despite FX headwinds from yen depreciation and some prior-year reserve provisions. Net premiums written increased 4.6% YoY to JPY 1,811.0 billion (excluding FX impacts: +5% YoY forecast), with upward revision to full-year adjusted net income guidance to JPY 752.0 billion and targeted adjusted ROE of 19.3%, reflecting solid capital strength and profitability across domestic P&C, international, and life segments.
Verisk caps off 2025 with revenue of $3.07bn
Verisk reported full-year 2025 revenue of $3.073B, up 6.6% YoY, with underwriting revenues +7.7% to $2.18B (driven by forms/rules/loss cost, cat/risk solutions, life & specialty) and claims revenues +4.1% to $893M. Q4 revenue rose 5.9% to $779M. Net income fell 5.1% to $908M due to prior-year investment gains and debt-related costs, offset by lower taxes. Adjusted EBITDA grew 8.5% (OCC), supported by operating leverage and cost discipline.
The Board approved an 11% dividend increase and $1.5B accelerated share repurchase, signaling strong confidence. CEO Lee Shavel highlighted AI momentum (genAI/agentic solutions) and strategic positioning. A new S&P Global Energy collaboration enhances climate catastrophe data for insurance/financial sectors. Verisk expects continued alignment with long-term growth targets into 2026.
Zurich Insurance Group announced on February 19, 2026, that it has reached a firm intention to make a recommended cash offer to acquire the entire issued and to be issued ordinary share capital of Beazley plc at 1,335 pence per share (comprising 1,310 pence in cash plus up to 25 pence as a permitted dividend), representing a premium of approximately 35% to Beazley's undisturbed share price prior to the initial proposal. The Beazley Board has unanimously recommended that shareholders accept the offer, which values Beazley at approximately £8.6 billion and is subject to customary conditions including regulatory approvals, with Zurich expecting to complete the acquisition in the second half of 2026 to create a combined specialty insurance leader with enhanced scale, diversification, and capabilities in high-growth lines.
Zurich secures extension to March 2nd for potential Beazley offer announcement
Beazley plc announced on February 2026 that Zurich Insurance Group has extended the deadline under the UK Takeover Code for Zurich to announce a firm intention to make an offer or state that it does not intend to make an offer, moving the deadline from February 16, 2026, to March 2, 2026 (or earlier if Zurich announces earlier). The extension follows ongoing discussions after Zurich's proposed cash offer terms (up to 1,335 pence per share including a permitted dividend) were agreed in principle but require further confirmatory due diligence and final documentation, with Beazley's board continuing to evaluate the proposal while urging shareholders to take no action pending further announcements.
Reinsurance Market
Asset-intensive reinsurance expands globally with competition intensifying: PwC
PwC reports global expansion of asset-intensive reinsurance (AIR), transferring both asset and long-duration life/annuity risks, still US-dominant but accelerating in Asia-Pacific (Japan leading; South Korea, Hong Kong, Singapore rising), UK, and Europe. Growth drivers: strong investment returns, better ALM/liquidity, capital efficiency, private credit/hybrid models. Market is more competitive with new entrants, sidecars, and flow reinsurance gaining traction for ongoing capacity and product enhancement. Complex blocks now include UL, LTC, DI, VA – requiring advanced modeling, hedging, and partnerships to split biometric vs. investment risks. Deep local/regulatory knowledge is essential for participation.
Casualty drives top-line growth at Conduit Re in 2025 as revenue rises 10% - Reinsurance News
Conduit Re reported a 10% increase in revenue for 2025, driven primarily by strong top-line growth in casualty lines alongside contributions from property and specialty reinsurance. The company highlighted disciplined underwriting, favorable reserve development, and a competitive yet supportive market environment as key factors supporting profitability and portfolio expansion during the year.
Catastrophe bonds continued shift into mainstream reinsurance at 1.1: Howden
Catastrophe bonds continued their shift into mainstream reinsurance at the January 1 renewals, with issuance and outstanding volumes reaching record levels as sponsors increasingly used ILS for peak peril protection amid abundant traditional reinsurance capacity and competitive pricing. Howden Re noted that cat bond activity supported broader market softening by providing diversified, collateralized capacity, particularly for U.S. named storm and severe convective storm risks, while highlighting growing investor interest and structural innovations that enhanced the role of alternative capital in the global reinsurance ecosystem.
SiriusPoint Ltd. reported strong fourth-quarter and full-year 2025 results, with Q4 net income of $240 million (return on equity of 44.9%) and operating return on equity of 17.1%, driven by excellent underwriting performance, a consolidated combined ratio in the low-80s, favorable reserve development, premium growth in reinsurance and insurance segments, and higher net investment income amid disciplined pricing and moderated catastrophe losses. For the full year, the company achieved robust profitability, capital efficiency, and shareholder returns through dividends and repurchases, positioning SiriusPoint for continued growth and resilience in a competitive reinsurance and insurance market heading into 2026.
Litigation & Mass Torts
Asbestos Lawsuits Prompt Vanderbilt Minerals to File Bankruptcy
Vanderbilt Minerals filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court, Northern District of New York, citing overwhelming cash flow pressure from more than 1,400 talc-related lawsuits alleging its mined materials were contaminated with asbestos and caused cancer, despite the company's denial and its cessation of talc mining in 2008. The filing includes plans for an asset auction with an opening $50 million bid from Commodore Materials, while Vanderbilt reported spending $8 million on talc litigation last year and facing $117.2 million in related costs, marking it as the latest company to use bankruptcy to address mass talc/asbestos claims amid a surge in such suits following high-profile verdicts against companies like Johnson & Johnson.
Bayer to Make $10.5 Billion Push to Settle Roundup Cases
Bayer AG is preparing to announce a $10.5 billion settlement initiative to resolve current and future Roundup cancer lawsuits, including a $7.5 billion class-action settlement in Missouri state court to cover existing claims and potential future ones over 20 years, plus $3 billion to settle ongoing U.S. cases where plaintiffs allege the weedkiller's glyphosate caused non-Hodgkin lymphoma. The move follows years of litigation costing Bayer over $10 billion in verdicts and settlements since acquiring Monsanto, amid approximately 67,000 remaining claims, the U.S. Supreme Court's recent agreement to hear Bayer's preemption appeal in a $1.25 million Missouri verdict, and CEO Bill Anderson's public consideration of discontinuing glyphosate production due to persistent legal and reputational pressures.
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial
A Pennsylvania state court jury in Philadelphia awarded $250,000 ($50,000 compensatory and $200,000 punitive) to the family of Gayle Emerson, who alleged that long-term use of Johnson & Johnson's talc-based baby powder caused her ovarian cancer and that the company knew of the risks but failed to warn consumers; Emerson used the product from 1969 to 2017, was diagnosed in 2015, and died of metastatic ovarian cancer in 2019 at age 68. The verdict is part of the ongoing nationwide talc litigation against J&J, which faces over 67,000 similar claims (primarily ovarian cancer, with fewer alleging mesothelioma), following mixed trial outcomes, three rejected bankruptcy attempts to resolve the cases, a recent $40 million California award to two women in December, and upcoming state court trials amid J&J's continued denial of causation and assertion that its products are safe and asbestos-free.
Palantir Gets Partial Win in Fight With Ex-Workers at AI Startup
A U.S. District Judge in New York ruled that three former Palantir Technologies employees likely violated their confidentiality and non-solicitation agreements by recruiting Palantir staff and possibly taking confidential information to launch their AI startup Percepta, but the judge denied Palantir's request to halt the defendants' work at the new company. Both sides claimed partial victory, with Palantir emphasizing accountability for unlawful solicitation and information exfiltration, while the defendants highlighted the rejection of broader claims including non-compete and tortious interference arguments, allowing Percepta to continue operations.
Emerging Risks & Technologies
Concirrus launches AI-native underwriting platform
Concirrus has launched Concirrus Inspire, an AI-native underwriting platform tailored for specialty insurers and MGAs. Covering the full lifecycle (submission to binding and beyond), Inspire combines line-specific applications with a modular, line-agnostic policy foundation to accelerate decisions, reduce manual effort, and provide real-time exposure/accumulation visibility—enabling growth without proportional headcount increases.
Key benefits: minutes-to-decision speed, data-driven discipline aligned with appetite, AI as a force multiplier for complex risks, incremental adoption, no vendor lock-in, and future-proof scalability. Partnerships (e.g., Diesta for premium reconciliation) extend functionality. Concirrus achieved triple certification (ISO/IEC 42001 AI governance, ISO/IEC 27001 security, SOC 2), underscoring ethical, secure AI use. CEO Andrew Yeoman positions it as a transformative tool for speed, control, and scaling in evolving specialty markets.
Growing Civil Unrest Claims Has an Insurance Sting
Strikes, riots, and civil commotion (SRCC) claims have emerged as a significant and growing source of insured losses for the insurance industry, rising from negligible levels in 2013 to over $8 billion between 2020 and 2024, with Howden Re anticipating a clear increase in U.S. SRCC losses in 2026 amid heightened political polarization, inequality, and protest activity that now ranks the U.S. as the top Western democracy for SRCC risk. Traditional property policies increasingly exclude or restrict SRCC coverage or charge significant additional premiums, prompting more companies to seek standalone political violence/SRCC products, while reinsurers like Swiss Re note hundreds of claims annually in recent years and modeling firms such as Verisk release dedicated SRCC catastrophe models to address the evolving risk landscape where single events could exceed $5 billion in losses.
Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows
Lemonade reported a fourth-quarter 2025 net loss of approximately $21.7 million, an improvement from a $30 million loss in the same period of 2024, with revenue and gross profit rising 53% and 73% respectively, while operating expenses increased 13% to $141.2 million and in-force premium grew 31% to $1.24 billion driven by steady customer expansion to nearly 3 million. The company highlighted strong growth in pet insurance as its largest line at $439 million in-force premium, progress in auto insurance optimization, and the recent launch of Lemonade Autonomous Car insurance in collaboration with Tesla to leverage vehicle data for autonomy-aware pricing, expressing confidence in capitalizing on evolving driving technologies through its AI-powered platform and real-time data capabilities.
Markel Collaborates With Upfort on US Cyber; Business Risk Partners Launches SML Program
Markel partnered with Upfort to offer eligible U.S. cyber policyholders access to Upfort Shield, an AI-powered multi-layer cyber defense platform with automated threat protection, endpoint detection and response using behavioral analytics, advanced email safeguards, continuous monitoring, and employee training to strengthen risk prevention and resilience for middle-market businesses. Separately, Business Risk Partners launched a new Sexual Misconduct & Molestation Liability program providing up to $5 million in monoline capacity on primary and excess bases for classes including healthcare, education, and religious organizations, backed by “A-” rated domestic carriers with specialized underwriting, claims expertise, and complimentary prevention/crisis response services through ePlace Solutions to address gaps in general liability coverage.
Moody’s: LA Wildfires, US Catastrophes Drove Bulk of Global Insured Losses in 2025
Moody’s reports that global economic losses from natural catastrophes reached $224 billion in 2025, with U.S. insured losses exceeding $45 billion for the third straight year despite no hurricane landfalls, driven primarily by secondary perils like severe convective storms ($45 billion in U.S. losses) and the Los Angeles wildfires (estimated $20–30 billion insured, destroying over 18,000 structures, causing 30 fatalities, and burning 37,728 acres). The dominance of wildfires and severe convective storms—amplified by urban sprawl, rising repair costs, social inflation, and the first EF-5 tornado in 12 years—has redefined these as primary risks rather than secondary, contributing to the sixth consecutive year of insured losses surpassing $100 billion globally (around $107–108 billion per other estimates), with the U.S. accounting for over 80% of insured losses and exacerbating California’s homeowners insurance crisis through accelerated market pullbacks and increased reliance on the FAIR Plan.
Nissan to Recall 643,000 SUVs in US Over Engine, Gear Issues
Nissan is recalling a total of 642,698 Rogue SUVs in the U.S. across two separate actions: one affecting 318,781 vehicles due to broken throttle body gears that can cause loss of drive power, and another covering 323,917 vehicles due to damaged engine bearings that may discharge hot oil, increasing the risk of engine fire and loss of drive power. The U.S. National Highway Traffic Safety Administration states that dealers will reprogram engine-control software and replace affected components as needed to address both issues, with no reported crashes, injuries, or fires linked to these defects.
Swiss Re Corporate Solutions to acquire QBE's Global Trade Credit and Surety business | Swiss Re
Swiss Re Corporate Solutions and QBE have partnered to launch Corso, a new parametric insurance solution designed to provide fast, transparent payouts for businesses impacted by severe convective storms (SCS) such as hail, straight-line winds, and tornadoes, using independent weather data triggers to deliver funds within days of an event. The product addresses protection gaps in traditional indemnity insurance for SCS risks, which have become the costliest insured peril globally, by offering customizable coverage limits, attachment points, and geographic zones to support businesses in high-exposure regions like the U.S. Midwest, Europe, and Australia.
Travelers to enhance customer experience with new Agentic AI Claim Assistant
Travelers has launched AI Claim Assistant, an agentic voice service powered by OpenAI models and Realtime API, initially for auto damage claims (with planned expansion). It handles full claim conversations naturally - providing policy info, answering questions, guiding filing, enabling photo uploads, appraisals, repairs, and rentals - while maintaining human handoff options. Early feedback is highly positive. Travelers emphasizes enterprise-grade security, disciplined innovation, and upskilling claim professionals to focus on complex resolutions.
US Supreme Court Strikes Down Trump Tariffs
The U.S. Supreme Court issued a 6-3 ruling on February 2026 authored by Chief Justice John Roberts that struck down Trump's sweeping tariffs imposed under the International Emergency Economic Powers Act (IEEPA). The decision held that Trump's use of the 1977 law to unilaterally impose import taxes exceeded presidential authority, intruded on Congress's constitutional power over taxes and tariffs, and violated the major questions doctrine requiring clear congressional authorization for actions of vast economic significance.
When the Workplace Is Everywhere: The New Reality of Workers’ Comp Claims
Hybrid and remote work has created a new class of workers’ compensation risks that are harder to verify, slower to resolve, and increasingly costly, with remote injury claims more than doubling since 2020—driven not by acute accidents but by cumulative low-severity issues like musculoskeletal strain, ergonomic fatigue, chronic stress, and delayed reporting due to blurred work-life boundaries and lack of early intervention. Insurers and claims professionals face challenges in validation without witnesses or controlled environments, leading to long-tail cost drivers from extended treatment and productivity losses, while proactive strategies—combining digital tools (social/medical canvassing, predictive analytics), aggregated claims data for pattern recognition, ergonomic assessments, mental health focus, and employer engagement—offer a path to shift from reactive investigation to earlier risk identification and prevention in this boundaryless work model.
Commercial Lines
Marsh Risk has launched a new excess casualty insurance facility specifically designed for U.S. digital infrastructure projects, providing high-limit excess liability coverage for data centers, edge computing facilities, AI-driven hyperscale developments, and related construction and operational risks. The facility addresses escalating liability exposures in the rapidly expanding digital economy—such as third-party bodily injury, property damage, and emerging perils from supply chain disruptions or cyber-physical events—offering tailored capacity, flexible terms, and enhanced risk transfer solutions to support owners, developers, contractors, and investors in a high-growth sector facing increasing complexity and potential claims severity.
People Moves
Aon Names Fraccalvieri as Leader of its Global Facultative Reinsurance Division
Aon has appointed Nick Fraccalvieri as CEO of global facultative reinsurance for its Reinsurance Solutions business, effective March 1, 2026, where he will set strategic direction, drive execution of the global facultative strategy with a focus on ceded facultative, develop digital capabilities and talent initiatives, and work to deliver differentiated client value and sustainable profitable growth. Fraccalvieri, who joined Aon in 2023 to lead EMEA facultative operations and has over 25 years of industry experience, succeeds Andrew Laing, who will now focus fully on his role as UK CEO of Aon’s Reinsurance Solutions while continuing as global chair of facultative.
Arch Insurance International Appoints D&O and FI Underwriting Managers - Arch Insurance
Arch Insurance International has appointed two new underwriting managers for its Directors and Officers (D&O) and Financial Institutions (FI) lines, effective immediately, to strengthen its specialty insurance capabilities in the EMEA region. The appointments bring extensive expertise in D&O and FI underwriting, claims advocacy, and broker relationships, supporting Arch's strategy to expand its market presence, enhance product offerings, and deliver tailored solutions for complex financial risks in a competitive international environment.
AXA XL promotes two leaders within Specialty Team Americas
AXA XL has promoted two specialists within its Specialty Team Americas - Mikki Williams (Seattle) to Head of Ocean Marine, overseeing Cargo, Hull & P&I, and Marine Liabilities—leading underwriting strategy, portfolio management, and market engagement across the Americas, and Doug Schmude (Chicago) to Head of Commercial Bonds, responsible for business development, underwriting oversight, and broker relationships to grow the portfolio.
Chubb promotes Scott Henck to Group Actuary
Chubb has promoted Scott Henck to Senior Vice President and Group Chief Actuary, effective April 1, 2026. He will report jointly to CEO Evan G. Greenberg and CFO Peter Enns, succeeding retiring Paul O’Connell after 40 years. Henck, with Chubb since 2002 and EVP/Chief Actuary, North America since 2019, will oversee global reserving, pricing, and capital measurement. Cynthia Bentley succeeds him as EVP, North America Chief Actuary, reporting to Henck and Juan Luis Ortega. Leadership praised both for expertise, continuity, and risk management excellence.
Colin Wildey appointed Chief Risk Officer, International
Colin Wildey has been appointed Chief Risk Officer, International at a major insurance or reinsurance firm, effective immediately, where he will oversee enterprise risk management, capital adequacy, regulatory compliance, and risk governance for international operations. Wildey brings extensive experience in risk leadership from previous senior roles in global insurance and reinsurance, focusing on strengthening risk frameworks, enhancing resilience against emerging threats, and supporting strategic growth in international markets.
Michael Lewis Named President, Marsh Risk Canada
Marsh has appointed Michael Lewis as President of Marsh Risk Canada, effective immediately, where he will lead the company's risk management and insurance brokerage operations across Canada, overseeing strategy, client relationships, team development, and growth in commercial and specialty lines. Lewis brings extensive experience in Canadian insurance brokerage and risk advisory from prior senior leadership roles, focusing on delivering tailored solutions, enhancing broker partnerships, and driving profitability in a competitive market environment.
Swiss Re appoints Anne Lohbeck as Chief Risk Officer for P&C Re - Reinsurance News
Swiss Re has reappointed Anne Lohbeck as Chief Risk Officer for its Property & Casualty Reinsurance division, effective immediately. Lohbeck, who previously held the role, will lead risk management strategy, oversee capital adequacy, regulatory compliance, and risk governance for the P&C reinsurance business while focusing on strengthening enterprise risk frameworks and supporting profitable growth in a competitive market.
Tim NeCastro to retire as president and CEO of Erie Insurance
Tim NeCastro, President and CEO of Erie Insurance, has announced his retirement effective at the end of 2026 after more than 35 years with the company, including over six years as CEO during which he led significant growth, strategic initiatives, and enhanced shareholder value. The Erie Insurance board has initiated a succession planning process to identify and appoint a new CEO, with NeCastro committed to ensuring a smooth transition while continuing to lead the organization through 2026.
Willis Re welcomes Rikki Hornett to its leadership team
Willis Re (WTW) has appointed Rikki Hornett to its Bermuda team, adding over 40 years of reinsurance expertise—including 25+ years in Bermuda. Hornett previously led Guy Carpenter’s reinsurance/retrocession structuring for 20 years and played a key role in launching Prentis Donegan & Partners (later acquired by Price Forbes) in Bermuda. His strengths include catastrophe analytics, cat bond/ILW transactions, and innovative client solutions. Lucy Clarke noted the hire strengthens Willis Re’s Bermuda capabilities and client offerings.
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