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MNRB Holdings Berhad’s wholly owned subsidiary, Malaysian Reinsurance Berhad (Malaysian Re), reported profit after tax of RM140.2 million for the first quarter of the financial year ending 31 March 2027, up 25.1% year over year from RM112.1 million and contributing 76.3% of the group’s overall profit after tax. Malaysian Re’s profit after tax growth was…
Offshore reinsurance arrangements accounted for an increasing proportion of ceded annuity reserves during 2025, with the share rising to more than half of the total as insurers sought to manage capital requirements in an increasingly competitive market, according to AM Best, the global insurance credit rating agency, data provider and industry analyst. AM Best outlined…
Talbot, the specialist insurance business that is part of AIG, has appointed Corina Muller Monaghan as Chief Executive Officer of its US operations. Based in New York, Muller Monaghan will oversee Talbot’s US operations and work with the company’s London headquarters. The role will involve bringing together its specialist Lloyd’s market expertise and multinational capabilities…
Texas-headquartered homeowners and flood insurance provider Orion180 Insurance Group Inc. has filed a Form S-1 with the US Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. According to reports, the firm is looking to raise up to USD 100 million from the offering. However, the number of…
Mike Weinbach has officially assumed the role of Radian’s Chief Executive Officer and joined its Board of Directors, succeeding Rick Thornberry, who will serve as a strategic advisor through his retirement on December 31, 2026. The planned transition was initially announced on May 21, 2026, naming Weinbach as CEO-elect. “Radian’s Board of Directors is pleased…
MS&AD Insurance Group Holdings, Inc., a Japanese insurance group, has agreed to invest up to £200 million in a new partnership specialising in the pension risk transfer (PRT) business, to be established by Standard Life plc. Standard Life plans to establish the partnership in the UK, focusing on large UK pension schemes, together with global…
Marsh, a professional services firm providing services across risk, reinsurance, capital, people, investments and management consulting, has appointed James Lean as its new UK Transportation & Logistics Industry Leader within Marsh Risk. Based in London, Lean takes up the position with immediate effect and will report to Charles Beresford-Davies, Marsh’s UK Industries Leader. He will…
Dutch insurer ASR Nederland N.V. (a.s.r.) has reported a 9.8% increase in its operating result to €901 million for the first half of 2026, underpinned by broad-based performance across its business segments and the completion of its Aegon Nederland integration. Net profit attributable to equity holders increased to €809 million from €126 million in H1…
Conduit Holdings, the ultimate parent company of Conduit Re, a Bermuda-based multi-line reinsurance business, has appointed Anthony Mongiello as Chief Operating Officer (COO) with immediate effect. His appointment, subject to Bermuda immigration approval, follows the retirement of Stuart Quinlan earlier this year. Mongiello brings over 25 years of insurance, reinsurance and financial services experience, with…
Oneglobal Broking, an international insurance and reinsurance brokerage group providing specialist risk advisory and placement services across global markets, has appointed Fabien Goutoulli as Chief Executive Officer (CEO), Singapore, reporting to Sirikit Oh, CEO, Asia. In his new role, Goutoulli will continue developing the firm’s Singapore operations and work closely with Oh and the wider…