Saumya Jain on Muck Rack

Saumya Jain

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Romford
As seen in: Reinsurance News, MSN India, Wiley Online Library, Hindustan Times, Hindustan Times Mumbai, The Indian Express, Flipboard, The Hindu, Royal Society of Chemistry, Cell Press, Scroll.in and
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Articles

Gallagher appoints Vullo and Hubbard as CEOs in its Specialty division

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By Saumya Jain 
| Reinsurance News
Gallagher, a global insurance brokerage, risk management, and consulting firm, has appointed Alex Vullo and Mark Hubbard as Chief Executive Officers (CEOs) of Marine and Fine Art & Specie, and Property & Special Risks, respectively. Both appointments are within the broker’s Specialty division and will report to Sarah Lyons, CEO of Gallagher’s Specialty division. Vullo succeeds Jonathan Suckling, who will transition as Chairman from January 2027.
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AM Best affirms Vantage Risk’s A- rating post Howard Hughes acquisition

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By Saumya Jain 
| Reinsurance News
Credit ratings agency AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Vantage Risk Ltd. (Bermuda) and its affiliates, effectively removing the firm from under review with developing implications after its recent acquisition by Howard Hughes Holdings (HHH). On June 4th, 2026, HHH acquired Vantage Group from Carlyle and Hellman & Friedman for approximately $2.1 billion.
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Hitesh Joshi appointed as GIC Re Chairman and Managing Director

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By Saumya Jain 
| Reinsurance News
General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has appointed Hitesh Rameshchandra Joshi as Chairman-cum-Managing Director (CMD), effective June 16th, 2026, a role he had held in an interim capacity since October 1st, 2025. The reinsurer notified the country’s Ministry of Finance that the appointment has been approved by the Central Government, as an exercise of its powers conferred under Article no. 83 of the Articles of Association of the Corporation.
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