KRM Reinsurance Brokers Philippines, a re/insurance broker, has appointed Ramon “Mon” Zandueta as its new Managing Director (MD) and Chief Executive Officer (CEO), effective September 1st, 2025.

Christoph Jurecka, Chief Financial Officer (CFO) of global reinsurance company Munich Re, said today that while it’s still early days, the firm is optimistic ahead of the key mid-year reinsurance renewals as pricing remains attractive despite some softening so far in 2025, while the firm still sees the US property catastrophe space as a growth area.

Leading aircraft leasing firm, SMBC Aviation Capital, has said it is “unlikely” that it will be able to recover 34 owned aircraft stranded in Russia following the country’s ongoing invasion of Ukraine and subsequent sanctions, leading the company to recognise a $1.6 billion write-off.

Insurance buyers are set to remain in a strong negotiating position for both cost and coverage as the market moves into 2026, according to the Energy Market Review Update published by Willis, a WTW business.

Africa Specialty Risks (ASR), an African and Middle Eastern re/insurance group, has confirmed that ASR Middle East has commenced operating as a Lloyd’s service company, which allows it to underwrite in Dubai on behalf of ASR Syndicate 2454, the first African focused syndicate at Lloyd’s.

The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has promoted Billy Ayres to Head of Crisis Management, where he will oversee the Terrorism and Contingency teams.