Strong earnings and capital gives carriers more choice as rates soften: Howden Re
In Howden Re’s latest re/insurer earnings report, Michelle To, Head of Business Intelligence, said that as pricing becomes more competitive, carriers are taking a closer look at where they grow, which areas they prioritise, and how they deploy capital, with greater emphasis now on cycle management. Howden Re’s report “Putting capital to work”, produced by…
Reinsurance capital hit record $663bn in 2025 as cat risk budgets fall: AM Best and Guy Carpenter
The global reinsurance sector is carrying more capital than ever while allocating a smaller proportion of that capital to catastrophe risk, according to new analysis from AM Best, a global credit rating agency and provider of insurance industry data and analysis. The report shows that dedicated reinsurance capital reached USD $663 billion at the end…
Qatar Islamic Insurance to establish its reinsurance branch in India’s GIFT City
Qatar Islamic Insurance Group has received a license from the authorities of the International Financial Services Centre (IFSC) to establish an Indian branch to conduct reinsurance business in Gujarat International Finance Tec-City (GIFT City). The firm is the latest in a long line of re/insurers to establish its presence in GIFT City. The IFSC recently…
Qatar Islamic Insurance to establish Indian branch in GIFT City
Qatar Islamic Insurance Group has received a license from the authorities of the International Financial Services Centre (IFSC) to establish an Indian branch to conduct reinsurance business in Gujarat International Finance Tec-City (GIFT City). The firm is the latest in a long line of re/insurers to establish its presence in GIFT City. The IFSC recently…
Steadfast reports underlying revenue of AU$2.10bn for FY’26
Australian insurance broker network Steadfast Group has reported a 15.3% year-over-year increase in underlying revenue to AU$2.10 billion for FY2026, while underlying NPATA rose 7.1% to AU$366.3 million. For FY2026, the firm’s underlying EBITTA increased 13.8% to AU$669.8 million, while underlying diluted earnings per share rose 7.7% to 28.8 cents. Steadfast’s underlying NPAT for FY2026…
Ocean Re boosts executive leadership team with Pedro Fernandes as CFO
Ocean Re has appointed Pedro Fernandes as Chief Financial Officer (CFO), where he will lead the firm’s global finance function, overseeing financial strategy, capital management, planning and reporting, while supporting its continued expansion and long-term business objectives. Fernandes joins Ocean Re with extensive international experience in finance, business leadership, and strategic management. The executive has…
Liberty Specialty Markets promotes Beard to Head of UK & MENA War and Terrorism
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the promotion of Jennie Beard to Head of UK & MENA War and Terrorism, effective 1 August 2026. In her new role, Beard will continue to lead and develop LSM’s UK War and Terrorism proposition, broadening her leadership remit into MENA and supporting…
VIG reports 21% result hike in H1’26 to €642m
Vienna Insurance Group (VIG) has reported a 20.7% rise in result before taxes to EUR 641.5 million for the first half of 2026, driven primarily by the positive performance of the total capital investment result and an improved net combined ratio. The insurer confirms that all segments generated positive results before taxes, with the highest…
INTX extends technology platform as Xitus Re expands run-off operations
INTX Insurance Software, which provides technology for insurers and reinsurers, is extending its relationship with Bermuda-based property and casualty runoff reinsurer Xitus Re Ltd, with the INTX (Re)Insurance Operating System continuing to support the company as it adds portfolios, transactions and operations across multiple jurisdictions. A key component of the deployment is INTX Re, INTX…
EPIC announces strategic leadership promotions aimed to support next phase of growth
EPIC Insurance Brokers & Consultants, a national insurance brokerage and consulting firm, has announced a series of leadership appointments, including Thomas O’Neil as Vice Chairman. Collectively, these appointments are designed to strengthen EPIC’s leadership team and deepen expertise across its core business areas while positioning the organisation for its next phase of growth. Steve Denton,…
