The investment arm of Italian insurer Generali has penned a definitive agreement to acquire a majority stake in US private direct lending investment firm MGG Investment Group.

Paris-based CCR Re has formally rebranded to Arundo Re, completing the international reinsurer’s breakaway from state-backed Caisse Centrale de Réassurance.

Gallagher Re has named Mathieu Loisel as lead for casualty and motor for EMEA and coordinator for its International Casualty Practice Group (ICPG).

Philipp Kusche, head of global ILS at Howden Capital Markets & Advisory, is set to assume an expanded role at the firm as European chair, with Mitchell Rosenberg becoming co-head of global ILS.

Swiss Re has put forward former Tryg CEO Morten Hübbe and ex-Zurich CFO George Quinn for election to its board of directors.

The Federation of European Risk Management Associations (Ferma) has highlighted the energy transition, cyber resilience and economic security as its key policy priorities to contribute to the Polish presidency of the Council of the EU.

The European division of Howden's MGA arm Dual has launched an accident and health (A&H) division led by Samia Baliad.

Generali has successfully placed its eighth green bond with institutional investors, securing up to €500mn ($514.7mn) for allocation into eligible climate-related projects.

Mapfre Re has an ambition to grow its gross written premiums by 5-10 percent in 2025, with the Spanish reinsurer actively seeking to expand its book of business in Asia and the US and diversify into new markets such as life insurance.

(The Insurer) - German composite insurer Allianz has named the new CEO and CIO of Allianz Investment Management, the unit that steers Allianz’s investment strategy for insurance premiums earned by its entities.