Reinsurance returns remain above capital costs as market conditions soften, AM Best says
AM Best, the credit rating agency, says reinsurers continued to achieve returns above their cost of capital in 2025, extending a trend seen over the previous two years. The company attributed the performance to stronger underwriting results, following earlier changes to pricing and reductions in the level of risk held within reinsurance portfolios. AM Best…
RiverStone International promotes Soutter to Group CRO
David Soutter, who joined RiverStone International last year as Head of Risk in Bermuda, has been promoted to Group Chief Risk Officer (CRO) at the global acquirer and reinsurer of legacy and discontinued business. Soutter has more than 25 years of insurance and reinsurance market experience, with expertise across enterprise risk management, finance, capital oversight,…
Suncorp reports FY’26 net profit of AU$1.03bn despite exceeding natural hazard allowance
Suncorp Group has reported a net profit after tax of AU$1.027 billion and cash earnings of AU$1.042 billion for the year ended 30 June 2026. The group declared a fully franked final ordinary dividend of 52 cents per share, with CEO Steve Johnston noting that the result was achieved despite natural hazard expenses exceeding the…
Why Won’t Julie Andrews Return For The Princess Diaries 3?
Julie Andrews has confirmed that she won’t be reprising her role of Queen Clarisse Renaldi in the upcoming The Princess Diaries 3. In a recent interview with InStyle, the Mary Poppins star said she had “passed” on the chance to star in the third instalment in the Anne Hathaway film series. The 90-year-old explained: “I…
CatIQ places final loss estimate for Hurricane Debby floods in Ontario & Quebec at CAD 2.8bn
CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed its sixth and final industry loss estimate for flooding caused by the remnants of Hurricane Debby in Ontario and Quebec between 9 and 10 August 2024, putting losses at CAD 2.8 billion. The final loss figure provides a…
Hannover Re delivers net income rise of 7% to €1.4bn as P&C combined ratio strengthens
Global reinsurer Hannover Re saw its Group net income rise from $1.3 billion last year to $1.4 billion in the first half of 2026, as operating profit increased by almost 10% to €1.9 billion, with an improved property and casualty (P&C) combined ratio of 83.2%. Hannover Re says that it delivered a “very good half-year…
The Office Star Lucy Davis Shares Incurable Cancer Diagnosis
The Office actor Lucy Davis has disclosed that she has been diagnosed with an “incurable” form of breast cancer. On Tuesday evening, Lucy shared a post with her Instagram followers, which read: “I wanted to share something with you all that I’ve kept to myself for a while but for various reasons would like to…
RT Specialty promotes Provenzo to Director, London Markets & Delegated Authority
RT Specialty , a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, has promoted Greg Provenzo to Director, London Markets & Delegated Authority. In his new position, and as part of the RT Binding Authority leadership team, Provenzo will provide strategic leadership and operational oversight for RT…
Obama Teases Trump Over Gold White House Overhaul
President Barack Obama couldn’t resist taking a quick swipe at President Donald Trump and his gaudy decorating taste as he clowned around with comic Larry David in a true-to-life replica of the Oval Office from back in his White House era. In a teaser of the 44th president’s cameo on HBO’s “Life, Larry and the…
Rokstone expands Athena Cyber proposition with supply chain cover
Rokstone, the international specialty re/insurance MGA, has expanded its Athena Cyber proposition with a new extension designed to provide cover for supply chain disruption caused by cyber incidents involving an insured’s customers or suppliers. The new extension, supported by $10 million of A-rated Lloyd’s capacity, is intended to address losses that can arise when a…
