Regional non-life reinsurer Asia Re (Asian Re) reported strong financial results for 2025, with net profit of US$6.7 million and a combined ratio of 91.4%. Since 2018, through a number of strategic initiatives implemented by management, Asia Re’s investment portfolio has grown steadily at a compound annual growth rate of 13.5%, with premiums reaching US$28.95…

Pro Global, an international provider of professional services, consulting and technology solutions to the insurance industry, has announced the acquisition of Australian audit and advisory firm GSI Professional Services. The transaction strengthens Pro Global’s international audit and advisory business and marks a strategic step in the firm’s wider expansion plans in the Asia-Pacific region. With…

Global reinsurance brokerage and advisory firm Gallagher Re has announced the appointment of Carlos Grijalva as executive director and head of network for Asia Pacific. Grijalva is reportedly based in Hong Kong and has extensive experience in underwriting and brokerage in Asia Pacific’s online markets. Most recently, he served as Asia Network Sales Director for…

After nearly a decade at the helm, Radian Group Inc. CEO Rick Thornberry has reportedly informed the company’s board of directors of his intention to retire in December 2026, with Mike Weinbach set to take over as CEO on June 1, 2026. Since joining Radian as CEO in 2017, Thornberry has more than tripled the…

AXA XL, the property, casualty and special risks arm of French insurance company AXA, has promoted Nick Goepp to head of excess casualty in the west and Lexi Bueno to central head of United States Risk Management (USRM). Both Goepp and Bueno will report to Matthew Stitham, chief casualty underwriting officer (CUO), Americas. Goepp, who…

Global specialty insurance company Westfield Specialty announced its financial results for the first quarter of 2026. Gross written premiums (GWP) were US$559 million, a year-on-year increase of 31%, and the combined ratio was 95.7%. These results beat the company’s expectations despite a more active loss environment during the quarter. The successful implementation of Westfield Specialty’s…

Willis, a WTW company, has announced the appointment of new leadership in the North American Enterprise Risk and Brokerage business, aiming to strengthen the development of the platform. As part of these moves, Michael Butch has been hired as head of North America growth operations, a newly created position. In his new role, Butch will…

Lockton Re, the reinsurance arm of independent insurance broker Lockton, has announced the launch of a dedicated insurance-linked securities (ILS) platform for Brazil. The reinsurance brokerage has fully deployed its advisory and structuring capabilities through a locally licensed special purpose securitization entity (SSPE) specifically targeting the Brazilian Letra de Risco de Seguro (LRS) market. The…

Global reinsurance broker and risk advisor Aon has announced the appointment of Christian Rindlisbacher as Head of Casualty at the Nordic Brokerage Centre. Rindlisbacher brings more than 20 years of industry experience, including leadership roles at AIG and Aon, as well as an extensive network across the Nordics and EMEA regions. Most recently, he served…

Allstate Corporation, a U.S. provider of personal property and casualty insurance, estimates catastrophe losses in April 2026 at $870 million, or $687 million (after tax). These losses included 10 wind and hail events, with approximately 70% of the losses associated with two events. By comparison, Allstate projects March 2026 catastrophe losses of $925 million, or…