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Suncorp Group has reported a net profit after tax of AU$1.027 billion and cash earnings of AU$1.042 billion for the year ended 30 June 2026. The group declared a fully franked final ordinary dividend of 52 cents per share, with CEO Steve Johnston noting that the result was achieved despite natural hazard expenses exceeding the…
CatIQ, the independent Toronto-based organisation providing industry-wide catastrophe insurance data and a subsidiary of PERILS, has disclosed its sixth and final industry loss estimate for flooding caused by the remnants of Hurricane Debby in Ontario and Quebec between 9 and 10 August 2024, putting losses at CAD 2.8 billion. The final loss figure provides a…
Global reinsurer Hannover Re saw its Group net income rise from $1.3 billion last year to $1.4 billion in the first half of 2026, as operating profit increased by almost 10% to €1.9 billion, with an improved property and casualty (P&C) combined ratio of 83.2%. Hannover Re says that it delivered a “very good half-year…
RT Specialty , a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, has promoted Greg Provenzo to Director, London Markets & Delegated Authority. In his new position, and as part of the RT Binding Authority leadership team, Provenzo will provide strategic leadership and operational oversight for RT…
Rokstone, the international specialty re/insurance MGA, has expanded its Athena Cyber proposition with a new extension designed to provide cover for supply chain disruption caused by cyber incidents involving an insured’s customers or suppliers. The new extension, supported by $10 million of A-rated Lloyd’s capacity, is intended to address losses that can arise when a…
NFP, an Aon company and property and casualty (P&C) broker and benefits consultant, has announced the acquisition of the retail cannabis business of Frontier Risk Group, Inc. As a specialty insurance firm, Frontier Risk offers tailored solutions for the cannabis industry and regulated-products clients. The company integrates deep industry knowledge, insurance expertise, and risk management…
Canopius Group, a global specialty and P&C re/insurer, has appointed Rebecca Simeone as its new US Chief Risk Officer. Simeone will join the company on 8 September 2026 and will be based in New York. Simeone will report to incoming US CEO Nadine Moore and Group Chief Risk Officer Sheldon Lacy. She will also become…
Severe weather losses in Manitoba and Saskatchewan – neighbouring provinces located in Western and Central Canada – have climbed above $840 million, according to the latest estimate from Catastrophe Indices and Quantification Inc. (CatIQ). Between June 9 and 10, these two provinces experienced heavy storms that brought tornadoes, hail, damaging winds, torrential rain and flash…
ACORD, the global standards-setting body for the insurance industry, has announced the appointment of John Kellington as its new Chief Executive Officer (CEO). Kellington is an experienced insurance technology leader, with a career focused on the development, adoption and advancement of data standards. Kellington’s appointment marks his return to ACORD. He previously served as ACORD’s…
Spinnaker Insurance Company, a US insurer and subsidiary of Hippo Holdings Inc., has entered into a nationwide partnership with In The Car (ITC), a US-based embedded insurance technology provider, to expand the availability of embedded motor insurance across the United States. The agreement will allow the company to provide bindable personal motor insurance cover across…