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MNK Group targets LatAM expansion with Oceánica buy

Broking and underwriting group acquires Costa Rican insurer Oceánica de Seguros

South America Specialty

London market outlook upgraded by AM Best

Ratings agency raises forecast from ‘stable’ to ‘positive’ amid 'strong' pricing environment

London Reinsurance

Reinsurers brace for commercial property and engineering losses from Dubai floods

Continued flooding could force up premiums and reinsurance costs, AM Best warns

United Arab Emirates Property

Munich Re reorganises Asia and Africa operations

Reinsurance giant shuffles regional executives in Asia and Africa, moving Kotak and Eckl

Munich Re Asia Pacific

James River completes sale of JRG Re

Sale of casualty reinsurance unit to Fleming Intermediate Holdings ends weeks of dispute between the two parties

Bermuda Casualty

MS Re names Hottinger head of EMEA P&C division

Switzerland-based reinsurer hires former Axis Re executive to drive growth in European, Middle East and Africa markets

Europe Middle East and Africa

Aspen launches collateralised casualty re/insurer

Pando Re will participate in Aspen's casualty, global professional lines and cyber insurance and casualty reinsurance business lines

Bermuda Aspen

Hannover Re sponsors first cat bond to cover cloud outages

Reinsurer secures $13.75m of retro coverage through Cumulus Re issuance

United States Hannover Re

Smaller and cleaner IRB(Re) is back to business: Castillo

In the wake of a scandal, the Brazilian reinsurance giant undertook a dramatic overhaul. After reporting a return to profit in 2023 the company is now looking for new opportunities in Europe and Latin America, its chief reinsurance officer says

Reinsurance Brazil

Guy Carpenter hires Chu for senior credit and political risk role

Reinsurance broker taps PartnerRe executive to drive business development in Asia Pacific region 

Asia Pacific Guy Carpenter / Marsh

Peak Re expands bespoke solutions team to P&C lines

Chenwei Li will continue to lead the expanded structured solutions operation

Asia Pacific Hong Kong

American European completes inaugural catastrophe bond

Transaction provides three years of collateralised protection against named storms for coastal homeowners’ business written by MGU ShoreOne on American European’s behalf

United States Reinsurance
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