Milliman appoints Jim Fulton as next CEO
Milliman, Inc., a global actuarial and consulting firm, has announced that Jim Fulton will become its next Chief Executive Officer (CEO). Fulton has served as Milliman’s Chief Financial Officer since 2015, where he has played a role in the firm’s organic growth and mergers and acquisitions strategy. “I’ve seen how our talent and commitment to…
Talanx raises 2026 profit outlook after strong first-half net income of €1.5bn
Talanx Group, a major German financial services and insurance company, has announced its financial results for the first half of 2026, reporting a record-breaking net income of EUR 1.499 billion. Profit growth was observed in all divisions, with Primary Insurance contributing 52% to Group net income. H1 2026 net income increased 9% when compared to…
Hiscox announces current return estimates for Syndicates 33 and 6104
Bermuda-headquartered international specialist insurer Hiscox has released current estimates for the 2024 and 2025 accounts of Syndicate 33 and Syndicate 6104. For the 2024 year of account, Hiscox has raised its estimates for Syndicate 33, which is now expected to generate a return of 6.1% to 16.1% on its capacity of GBP 1.696 billion, of…
Gallagher Re reports multi-billion-dollar loss from early August US severe weather outbreak
Gallagher Re, the global reinsurance broker, has warned that the insurance industry is facing yet another multi-billion-dollar loss, this time from a bout of considerable US severe convective storm (SCS) activity spanning 9 to 12 August. In its latest Event Commentary, Gallagher Re reports that the outbreak struck much of the Plains, Midwest, and Mid-Atlantic…
AI adoption in reinsurance likely to remain gradual despite growing enthusiasm: AM Best
While artificial intelligence (AI) adoption in reinsurance will likely remain gradual due to key challenges, it is becoming a major differentiator for companies that successfully incorporate it into underwriting, claims, and operations alongside appropriate governance and risk controls, AM Best highlights in a recent report. AI has rapidly become one of the most widely discussed…
IRB(Re)’s Q2’26 profit jumps 29% as underwriting result improves
Brazilian reinsurer IRB(Re) has reported a robust financial performance for Q2 2026, driven by strong underwriting discipline and expanding profitability despite a minor contraction in top-line premium volume. Notably, IRB(Re) reported net income of R$185 million for Q2 2026, representing a 29% increase compared to R$144 million in Q2 2025. Accounting for the impact of…
Korean Re Q2’26 net income rises 77.6% amid stronger underwriting and investment results
Korean Re, South Korea’s specialist reinsurance company, reported higher profit for the first half of 2026, supported by improved reinsurance performance and stronger investment results. The reinsurer’s revenue from insurance and investment increased 4.2% year on year to KRW 3,652.1 billion in the three months to June 2026, compared with KRW 3,503.5 billion in the…
RiverStone International and QBE agree $1.6bn LTP reinsurance agreements
Legacy reinsurance and run-off specialist RiverStone International has entered into loss portfolio transfer (LPT) agreements with QBE Insurance Group, representing approximately US$1.6 billion in reserves, further strengthening the long-standing partnership between both companies. Subject to regulatory approval, the transactions cover North American Middle Market and Workers’ Compensation portfolios, and European liability books. Paul Brockman, Group…
Aspen integration lifts Sompo Intl.’s reinsurance revenue up 92% to $1.55bn in 1Q’26
The Global Reinsurance division of Bermuda-headquartered Sompo International spearheaded the firm’s Q1 performance for fiscal year 2026, delivering significant revenue growth of 91.8% to reach $1.55 billion, up from $810 million in the same period of 2025. According to Sompo International, the expansion in reinsurance top-line was primarily propelled by the ongoing integration of Aspen…
AM Best expects reinsurers’ capital utilisation to improve further in 2026
Traditional reinsurers’ capital utilisation improved to 77% at year-end 2025 from 85% in 2024 and 92% in 2023, and credit rating agency AM Best expects further improvement to 72% in 2026, driven by a continuation of market trends. In a new report, AM Best highlights how the record level of dedicated reinsurance capital, from both…
