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Global reinsurer Munich Re has reported a preliminary net profit of approximately €1.7 billion for Q3 2026, driven by a “very pleasing” operating performance across all business segments, below-average major-loss expenditure in P&C reinsurance, and a strong investment result in reinsurance. The firm described the results as another quarter of strong financial performance, with its…
US life insurers are increasing their financial exposure to artificial intelligence (AI) infrastructure, although these investments continue to account for a relatively small proportion of their overall assets, according to Moody’s Ratings, the credit ratings and financial research provider. The agency has reported that growing investment in data centres, computing equipment and major technology companies…
Pinion Insurance, a London-based specialty insurance carrier established in 2026, has appointed Robert Carlaw as Chief Technical Officer (CTO). The appointment comes as the company continues to build its technology infrastructure, expand its underwriting capabilities and develop its proprietary Sarrus platform. The appointment brings more than 20 years of software engineering and digital transformation experience…
Donegal Insurance Group has expanded its partnership with ZestyAI, a provider of AI-driven insurance risk analytics, adding Z-PROPERTY™ to deepen its understanding of the properties and exposures across its personal lines portfolio. This builds on their existing partnership, which began in 2025, when Donegal selected ZestyAI’s Roof Age solution to improve its internal data and…
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has announced the promotion of Richard J. Fiato to Chief Business Officer. Bill Wilson will be succeeding Fiato as Chief Executive Officer of Conifer Insurance Services, LLC (CIS) and President of Aerospace Insurance Managers (AIM). In this newly expanded role, Fiato will lead legal, compliance and…
Willis, a business of global advisory, broking and solutions company WTW, has reported that cyber security is becoming an increasingly prominent issue for corporate boards, as cyber attacks and data loss continue to rank among the main concerns for directors and officers. Its latest Directors’ & Officers’ Liability Insurance Survey 2026: Cyber in Focus found…
Selective Insurance Group, Inc. has reported a 124% increase in after-tax net underwriting income to $29.5 million for Q3 2026, up from $13.2 million a year earlier, as its combined ratio improved despite higher catastrophe losses. The firm’s combined ratio fell to 96.8% for Q3 2026, compared with 98.6% in the same period last year,…
HDI Global, the corporate and specialty insurance business of the HDI Group, has appointed Sheena Williams as Global Head of Sport, Leisure & Entertainment (SLE), strengthening its international underwriting proposition. The move aligns with HDI Global’s ambition to develop its international SLE business and connect specialist capabilities across markets, with a focus on expanding the…
Bermuda-based insurer and reinsurer AXIS Capital has promoted Roisin Kealy to Chief Executive Officer (CEO) of AXIS Specialty Europe SE (ASE), based in Dublin and reporting to Sara Farrup, Head of Global Markets. The appointment sees Kealy join the company’s Global Markets leadership team, and also creates new opportunities within the AXIS finance team. Kealy…
The United Nations World Food Programme (WFP), the UN agency that provides food assistance and supports communities facing hunger and food insecurity, has joined CCRIF SPC as its first UN agency and multilateral organisation to purchase parametric insurance. The agreement is designed to improve access to emergency funding for vulnerable populations in Haiti and the…