SCOR will ‘cautiously try to expand’ NA nat cat portfolio if prices remain adequate: CEO Léger
Paris-based global reinsurer SCOR is eager to expand its North American (NA) natural catastrophe (nat cat) portfolio as long as pricing remains adequate, CEO Thierry Léger said on a media call earlier this week. SCOR delivered strong performance in the fourth quarter and full year 2025, with net profits of €208 million and $851 million,…
SageSure and Auros complete $175m US multi-peril cat bond issuance
SageSure, a U.S. residential property management general underwriter operating in the catastrophe market, and Auros Reciprocal Insurance Exchange, a policyholder-owned property insurance company, have confirmed the completion of the $175 million Gateway Re Ltd. Series 2026-2 catastrophe bond offering. The transaction further strengthens SageSure’s activities in the insurance-linked securities (ILS) market, following the recently completed…
New MGA Elitium enters market with focus on manufacturing businesses & unoccupied properties
Elitium, a new general agent incubated by Mission, has been launched to provide commercial comprehensive insurance for selected industries within the manufacturing industry, as well as property insurance for vacant residential and commercial properties that are well maintained. The company explains that the strategy employed by Elitium is rooted in traditional, expert-led underwriting. This approach…
BHSI names Rory O’Broin Global Head of Transactional Liability
Berkshire Hathaway Specialty Insurance (BHSI), Berkshire Hathaway’s provider of commercial property, casualty and specialty insurance, has appointed Rory O’Broin as global head of transaction liability. In this role, O’Broin will be responsible for overseeing BHSI’s transaction liability operations globally. He has extensive international experience in M&A related transaction liability, contingency and tax liability insurance, and…
SCOR promotes Sofia Kyriakopoulou to Group Chief Technology, Data & AI Officer
Global reinsurer SCOR has promoted Sofia Kyriakopoulou to group chief technology, data and artificial intelligence (AI) officer, effective March 1, 2026. In her new role, she will develop a comprehensive technology, data and artificial intelligence strategy based on the company’s next strategic plan, building on existing strategy, foundation and organization. Kyriakopoulou joined SCOR in 2024…
Coalition report finds sharp rise in ransomware demands as most businesses refuse to pay
Cyber ​​insurance and security company Coalition has released findings from its 2026 Cyber ​​Claims Report, showing a significant increase in initial ransomware demand in 2025, with a 47% year-over-year increase. Despite a sharp rise in threat actor demands, the Alliance’s data shows that 86% of affected businesses have refused to pay the ransom, a record…
Howden adds Almond as CEO & Doria as Chair of its Global Financial Sponsors practice
Global insurance and reinsurance brokerage Howden has appointed Emily Almond as divisional chief executive officer (CEO) and Sebastiano Doria as chairman of global financial sponsorship business. The team will work alongside Howden’s existing global expertise, including its Capital, Advisory and Placement (CAP) team. The pair will be responsible for establishing and managing how Howden serves…
Disciplined underwriting drives strong 2025 results for Oman Re
Oman Re, the first and only reinsurer in the Sultanate, reported full-year reinsurance revenue of 54.3 million Omani riyals ($141.2 million) in 2025, up 9% from 49.9 million Omani riyals ($129.8 million) in 2024, and net profit after tax increased 54% to 4.6 million Omani riyals ($12.1 million). Notably, Oman Re’s net reinsurance performance increased…
Athora raises €3.5bn to fund approved Pension Insurance Corporation acquisition
European savings and retirement services group Athora has secured €3.5 billion in common equity commitments from a broad range of investors, with the bulk of the proceeds expected to be used to fund the acquisition of Pensions Insurance Group (PICG), as well as remaining equity commitments in Athora’s 2022 financing. Athora said it had today…
Commercial insurers best positioned to benefit from AI in P&C sector: Goldman Sachs
Investment banking and financial services firm Goldman Sachs has released an analysis report exploring how artificial intelligence will impact the property and casualty (P&C) insurance industry. Goldman Sachs said in the report that it has developed “a preliminary framework for assessing the impact of artificial intelligence on property and casualty insurance stocks.” The company said…
