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Global property and casualty (P&C) reinsurers are entering the second half of 2026 from a position of financial strength, although Morningstar DBRS expects the sector to face a more competitive underwriting environment as the year progresses. The global credit ratings agency said strong earnings, resilient investment returns, disciplined risk selection and solid capital positions should…
Athora, an European savings and retirement services group, has entered into a definitive agreement to sell Athora Germany, to Frankfurter Leben, subject to customary regulatory approvals and closing conditions. Comprising Athora’s German life and pensions operations alongside related holding and regulated entities, Athora Germany manages a closed book of traditional life, unit-linked and pension policies,…
Chetna Gulati-Kapoor has been appointed Global Chief Claims Officer of Marsh Risk, an insurance broker and business of Marsh. Gulati-Kapoor has 20 years of experience in claims advocacy and client service. She began her career in private practice in India and the UK, before moving into claims roles across a number of insurers in the…
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has announced the appointment of Jeong-Sook Kim as Senior Underwriting Director, with initial responsibility for the Korean market. Based in the Clubs London office, Ms. Kim will work closely with William Beveridge, Chief Underwriting Officer, and the wider Asia-Pacific…
IAG has disclosed its full-year 2026 financial results, posting a 7.6% year-over-year increase in gross written premium (GWP) to AU$18.412bn and net profit after tax (NPAT) of AU$1.022bn. The FY2026 NPAT figure was down from AU$1.359bn in FY2025, as increased natural peril activity weighed on insurance earnings. The Australian firm’s pre-tax insurance profit was AU$1.552bn…
Pelagos Insurance Capital Limited, formerly known as Fidelis Insurance Holdings Limited, recorded group-wide gross written premiums (GWP) growth of 6.4% and 6.6% to USD 1.3 billion and USD 3.1 billion for the second quarter and first half of 2026, respectively. For Q2’26, the combined ratio improved by 4 points to 99.5% from 103.7% in Q2’25….
Independent specialty MGA HIVE Underwriters has announced the appointment of Polly Mays as Head of Cargo, bringing a decade of experience in the cargo insurance market, and extensive expertise across cargo, stock throughput, excess stock and project cargo risks. Joining from Sompo, Mays has established a strong reputation as a senior cargo underwriter. Before her…
Axle, a technology company developing an AI-native clearinghouse for the insurance industry, has raised USD $17.5 million in Series A funding as it expands its platform for automating insurance verification and policy-related processes. The funding round was led by Base10 Partners, with further investment from existing backers Y Combinator and Gradient. Stage 2 Capital and…
Australian insurer Suncorp Group has announced a number of changes to its executive leadership team, including the appointment of Bridget Messer as Chief Executive Customer, Brand and Digital, a newly created role. Currently serving as Chief Risk Officer, Messer’s new position unites the existing brand, marketing, and digital distribution teams. The role was created to…
Gallagher Re, a global reinsurance brokerage and advisory firm, has announced the appointment of Jenna Norman as Divisional Director, Fac. Norman brings extensive expertise in Facultative property broking, specialising in Facultative property broking, working extensively on complex property reinsurance placements for both UK and US clients. Her expertise includes structuring and placing reinsurance solutions for…