Category: Insurance

Credit rating agency Fitch Ratings has upgraded the outlook for Canopius Group’s Bermuda-based reinsurer Canopius Reinsurance Limited (Canopius Re) to positive from stable, while reiterating its Insurer Financial Strength (IFS) rating at ‘A’ (Strong). The agency said the improved outlook reflects its expectation that Canopius Group will continue to strengthen its market position through sustained…

Guy Carpenter, global reinsurance broker and Marsh business, has announced the appointments of James Almaraz and Robert Genovese as managing director and vice president, respectively. Headquartered in Miami, Almaraz and Genovese have a strong portfolio and deep expertise in the health reinsurance space, which will enhance Guy Carpenter’s health reinsurance capabilities in Latin America and…

Barbados-based global reinsurer Active Re has released its 2025 annual report “Preparing for the Future”, reporting a combined ratio of 88.4% in 2025, a return on equity of 16.1%, technical performance of US$26.7 million and total equity of US$108 million. Despite a well-capitalized global reinsurance market, pricing adjustments across multiple lines of business and increased…

MSIG Asia, a general insurance company operating in Southeast Asia and part of MS&AD Insurance Group Holdings (MS&AD), has appointed Ronak Shah as its regional chief executive officer (CEO), effective October 1, 2026. Shah succeeds Clemens Philippi, who will take over as co-chief strategy officer of MS&AD in April 2026, leading the group’s international business…

DUAL Group, an international professional underwriting institution, announced the launch of global transaction risk products with long-term global support led by Liberty. The unified offering combines DUAL’s expertise in Warranty & Indemnity/Representation & Warranty, Tax, Contingency, Title and Climate Risk & Resilience into a single global practice. This development is in line with DUAL’s goals…

Property and casualty insurance underwriter Tokio Marine Highland has announced the appointment of Casey Santangelo as President of Fine Arts and Collectibles, effective immediately. Santangelo brings more than 18 years of fine art insurance experience to her new position. Throughout her career, the executive has built a reputation for technical underwriting expertise, market leadership and…

Saudi Reinsurance Company (Saudi Re) has received approval from the Saudi Insurance Authority to acquire a 22.5% stake in the UK’s AdA Risk Holding Co Limited, operator of Lloyd’s AdA Syndicate, for £8.95 million. The pair said this strategic minority investment is a natural development of Saudi Re’s established relationship with AdA. The acquisition, which…

Africa Risk Capabilities Ltd. (ARC Ltd.), Africa’s first development-focused parametric insurance company, has permanently appointed David Maslo as its interim Chief Executive Officer (CEO) after successfully leading the company through a period of significant transformation. The ARC Ltd. board of directors appointed Maslo as interim CEO in June 2025. He previously served as chief risk…

A recent report from AM Best shows that the U.S. property and casualty industry will post its largest underwriting profit and lowest combined ratio in a decade in 2025, driven by improvements in underwriting performance and pricing. The ratings agency noted that the industry generated $84 billion in underwriting gains over the past two full…

Lockton, a privately held independent insurance brokerage, has appointed Jeremie Deschamps as regional head of cyber consulting for Asia, based in Singapore. In his new role, Deschamps will lead the broker’s cyber advisory advice across the region, working closely with existing teams to help clients build cyber resilience and make informed decisions around risk management…