A new review by S&P Global Ratings notes that losses from the recent destructive fire at a Hong Kong residential complex are likely to further strain the underwriting performance of the territory’s property and casualty (P&C) insurance industry.

The Hanover Insurance Group has elected Francisco A. Aristeguieta to its board of directors.

Re/insurance broker Marsh has announced the appointment of Rob Perry as Global Political Risk & Structured Credit Leader, Marsh Specialty, effective July 1.

In a significant move within the insurance industry, Global Atlantic Financial Group (Global Atlantic) and Manulife Financial Corporation have successfully finalized a $10 billion reinsurance transaction.

Insurtech Vertafore has named Tracey Brown to head its distribution and compliance management (DCM) segment as Senior Vice President (SVP) and General Manager.

As market conditions remain strong, and with no meaningful new capacity entering the market, Everest Group expects conditions for upcoming renewals to remain excellent, according to Juan Andrade, President and Chief Executive Officer of the Bermuda-based re/insurer.

AmTrust has announced the expansion of its Excess and Surplus (E&S) division, introducing new product lines in property, environmental, and builders risk, and welcomed senior industry talent.

Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has announced the appointment of Vincent Shih as Head of Treaty Reinsurance in Taiwan.