ICMR predicts Lloyd’s CoR below 90% for 2025
Insurance Capital Markets Research (ICMR) expects the Lloyd’s market to post a combined ratio below 90% in its upcoming 2025 results, based on results reported to date by 17 of the 27 RISX index constituents. In a new report, ICMR described the expected underwriting results as “exceptional”, adding that returns on capital are likely to…
Singapore Reinsurers’ Association names PartnerRe’s James Beedle as new Chair
PartnerRe’s current Asia Pacific (APAC) Chief Executive Officer (CEO) James Beedle has been appointed as the new Chairman of the Singapore Reinsurance Association (SRA). In November 2024, Beedle will succeed Marc Haushofer as Vice Chairman. In his new role, Beedle will focus on collaboration and continue to establish the SRA as a platform for engagement,…
Specialty MGA adds Neil Tayler as Senior Underwriter for specialist A&H portfolio
Specialty MGA, a managing general agency (MGA) part of the MNK Group, has strengthened its professional underwriting capabilities with the appointment of Neil Tayler as senior underwriter. The appointment is in line with MNK Group’s wider growth strategy and commitment to drive innovation, secure new capacity and deliver an enhanced broker proposition in niche and…
Westfield Specialty’s underwriting income hits $87.2m for FY’25
Global specialty insurance company Westfield Specialty reported fiscal year 2025 (FY’25) underwriting revenue of $87.2 million, with a combined ratio of 93.1%. By the end of 2025, gross written premiums (GWP) will reach US$1.93 billion. The insurer explained that the figures meant the results were significantly ahead of schedule. In 2024, Westfield Specialty reported a…
Guy Money appointed MD of Allianz Commercial Iberia
Market veteran Guy Money has been appointed Managing Director of Allianz Commercial’s Iberia region and a member of the Board of Directors of Allianz Seguros (Spain). Subject to regulatory approval, he will take over his new role on March 1, 2026 and will be based in Madrid. Money will have dual reporting lines to Allianz…
Coface posts €1.9bn consolidated turnover for 2025
Credit insurance company Coface reported stable consolidated turnover at €1.847 billion for the full year 2025, up 1.3% at constant exchange rates and perimeters compared with €1.844 billion in 2024. Insurance revenue (including guarantees and single risks) increased by 0.6% at constant exchange rates to 1.512 billion euros. The company explained that insurance revenue fell…
Fidelis Insurance increases common share repurchase authorisation to $400m
Bermuda-based global specialty insurance and reinsurance company Fidelis Insurance Group has expanded its capital management program by increasing its current common stock repurchase authorization to $400 million. The expanded program allows companies to repurchase shares through open market purchases, accelerated share repurchases or privately negotiated transactions. Before that, 2025 was a big year for shareholder…
Westfield Specialty appoints Will Chen as US CFO
Will Chen, a veteran with more than 30 years of professional insurance experience, has joined Westfield Specialty US as chief financial officer (CFO), reporting to Westfield Specialty President Jack Kuhn. In his new role, Chen will be responsible for U.S. financial strategy, including financial planning and analysis (FP&A) and related operational processes and controls. His…
Generali GC&C adds Zurich’s Mario Glanz as Head of Casualty
Italian insurance giant Generali’s global corporate and commercial (GC&C) business unit has appointed Mario Glanz as its new head of casualty. In his new role, Galanz will focus on further expanding GC&C’s global casualty business in line with the insurance company’s “next phase plan.” Galanz has more than 20 years of industry experience in casualty…
Ategrity’s underwriting income rises 160.3% as CoR improves to 84.9% in Q4’25
Ategrity Specialty Insurance Company Holdings reported strong underwriting results for the fourth quarter of 2025, with underwriting revenue increasing 160.3% to $15.5 million from $5.9 million in the same period last year, and the combined ratio improving to 84.9% from 92.3% in the same period last year. The improvement in the combined ratio was driven…