Category: Insurance

In its new annual report for the year ending 2025, Africa Risk Capabilities Ltd. (ARC Ltd.), the hybrid mutual insurance and financial affiliate of the Africa Risk Capabilities Group, reported its largest profit since its inception, with a profit of $13.5 million for the year. “The 2025 results reflect steps taken to strengthen underwriting discipline,…

Guy Carpenter, a global reinsurance broker owned by Marsh Group, reported second-quarter revenue of $664 million, down about 2% on both a GAAP and underlying basis, with softer reinsurance markets likely contributing to the decline. In the first half of this year, Guy Carpenter’s revenue remained essentially unchanged at $1.9 billion. Guy Carpenter, along with…

CRC Group, an independent wholesale specialty insurance distributor, has released its second quarter 2026 Property REDY Index, showing continued weakness in property renewal rates. In the first half of 2026, the average renewal rate fell by 8.8% to 13.3% month-on-month, a significant increase from the monthly decline of 1.5% to 5.5% in the same period…

During WR Berkley’s second-quarter 2026 earnings call, CEO Rob Berkley gave a candid assessment of current industry dynamics, warning that Mother Nature is lulling the housing market into a “false sense of comfort.” He warned that while the temporary lull was likely to persist, market realities would inevitably set in again, forcing the industry to…

DUAL UK is a specialist managing general agent (MGA) operating in the UK insurance market, with its construction insurance business expanding as it continues to expand into the mid-market sector. The move expands the reach of its construction products and enables the company to support a wider range of commercial clients and brokerage partners. The…

Global professional and property and casualty (P&C) re/insurer Canopius Group has appointed Stacey Alioto as its new group chief operating officer to support the company as it continues to develop its international business and long-term growth strategy. Ariotto will become a member of the Canopius Group leadership team and will report directly to Group CEO…

Insurance holding company WR Berkley Corporation reported gross written premiums (GWP) of $4.1 billion in the second quarter of 2026, a new record, compared with $3.97 billion in the second quarter of 2025. Global warming potential for the first six months of 2026 was reported at US$7.9 billion, compared with US$7.6 billion in the first…

While traditional markets are increasingly viewed as a strategic tool rather than just a passive solution, and increasingly mature and sophisticated areas are emerging, participants in the Latest Reinsurance News Traditional Markets Roundtable, held in partnership with Swiss Re, stressed that the industry still has a predominantly passive nature. The Reinsurance News Heritage Market Roundtable,…

MSIG Europe, the European insurance platform of MSIG Insurance Europe AG and part of the global MS&AD Insurance Group, has announced changes to its senior leadership team in France and Italy. The appointments are part of the firm’s wider strategy to strengthen local expertise, deepen relationships with clients and brokers and support continued growth in…

Global insurance and reinsurance broker WTW has appointed Lisa Coomey as senior director and head of risk management for its insurance advisory and technology business. In her new role, Coomey will support insurers in strengthening their risk management capabilities and applying catastrophe risk insights to strategic decision-making, portfolio management, business transformation and emerging risk challenges….