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Liberty Mutual Holding Company (LMHC) has announced its financial results for the second quarter of 2026, reporting net income of $2.634 billion and an improved combined ratio of 86.4%. For the first half of 2026, the global re/insurer reported net income of $4.686 billion, as well as an improved combined ratio of 87.3% for H1…
American Growth Insurance (AGI), an AI-native insurance brokerage network, has announced the acquisition of Heller-Kowitz Insurance Advisors, a premier full-service insurance agency based in Baltimore, MD. The financial terms of this private transaction were not disclosed. This marks AGI’s first acquisition as the company begins establishing a nationwide network of operator-led agencies in the United…
Global insurance broker Gallagher has appointed Andy Winwood as Senior Executive Officer for the Middle East & Africa (MEA), subject to regulatory approval. In his new role, Winwood will lead the broker’s regional business, supporting clients across the Middle East and further building Gallagher’s global presence. He will report to Simon Matson, Senior Vice President…
International specialty and P&C re/insurer Canopius has reported a 76% increase in H1 2026 profit after tax, supported by premium growth, improved underwriting performance, and the sale of its Vave business. Canopius’ profit after tax rose to $391m in H1 2026, compared with $222m in H1 2025. Excluding the impact of the sale of Vave,…
Aon, a global professional services firm specialising in risk, retirement and health solutions, has released its Q2 2026 Global Insurance Market Overview, highlighting a continued favourable environment for commercial insurance buyers. The report found that strong insurer capacity, competition and high levels of industry capital continued to support softer market conditions, while technology and improved…
Allstate, a US primary insurance company, opted to reduce the amount of protection for its Florida excess catastrophe reinsurance tower at its mid-year renewal, while the carrier renewed numerous other contracts with some slight adjustments. Last year, the Florida cat reinsurance tower provided coverage up to $1.1 billion excess a $30 million retention, and included…
Global specialist re/insurance broker Consilium has appointed Ben Compton as associate partner of its Cedent Facultative Risk Solutions team in Singapore, which has been granted a brokerage license by the Monetary Authority of Singapore (MAS). Compton has more than a decade of experience, most recently as Vice President of Property, Political Violence and Terrorism Settlement…
Global reinsurer SCOR reported second quarter 2026 group net profit of €171 million, supported by strong contributions from all business lines, while its property and casualty combined ratio improved to 79.5% on the back of benign natural catastrophe losses, better natural catastrophe losses, better natural loss claims experience and additional reserve strengthening. In the second…
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced a series of risk engineering appointments across the energy, power and construction sectors in the UK and MENA region. Richard Mundy has been appointed principal risk engineer for energy. Based in London, he will be responsible for managing an expanding global client portfolio…
UK flood intelligence specialist Previsico has announced its entry into the African market, starting with South Africa, as part of its continued international expansion. The company develops property-level flood forecasting technology based on peer-reviewed research from Loughborough University and launched the program with funding from the InsuResilience investment fund managed by Blue Orchard Finance Ltd….