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Marsh Re has recorded a 6% decline in Q3 2026 revenue to $374 million, down from $398 million a year earlier, on both a GAAP and underlying basis, as the wider group reported growth across its other main business lines. The reinsurance business, previously reported under the Guy Carpenter name, was rebranded as Marsh Re…
Clearwater Underwriting, an Aquiline-backed managing general agent (MGA), has announced the appointment of Henry MacHale as Chief Executive Officer, a newly created role. Bringing extensive experience across the specialty insurance market. MacHale will depart Sompo, where he currently serves as Chief Underwriting Officer & Head of Strategy, International Markets, prior to assuming his new position….
Karen Clark & Company (KCC) has estimated that the privately insured loss from Hurricane Isaias will be $3 billion in the US from wind and storm surge. Based on KCC’s high-resolution US Hurricane Model, the estimate covers damage to residential, commercial and industrial properties, as well as automobiles and business interruption. It excludes boats, offshore…
Liberty Mutual Reinsurance (LM Re), part of Liberty Mutual Insurance Group, has announced the appointment of Fredrik H. Øyan as Market Manager, Nordics, effective 1 November 2026. Based in Liberty’s Oslo office, Øyan will work closely with underwriting teams in Cologne, London and Madrid to strengthen collaboration across the Nordic markets and support the continued…
Gallagher Re, the reinsurance division of global insurance broker Arthur J. Gallagher & Co., says Hurricane Isaias is unlikely to influence upcoming 1 January reinsurance renewal discussions. In post-landfall commentary dated 14 October 2026, the firm points to three factors. First, it expects insured losses, covering wind, coastal storm surge, inland flood and tornado damage,…
SCOR, a global reinsurance company providing risk management solutions, has published its latest analysis of Europe’s captive insurance and reinsurance market, examining financial strength, premium trends and solvency positions using year-end 2025 Solvency II data. The report, European Captives: Analytical review of Solvency II reports, identifies 347 licensed European captives, with 223 providing at least…
Markel Insurance, the insurance operation within Markel Group Inc., has appointed Josephine Stroud as Head of Energy Liability and Jenny McFarlane as Senior Underwriter for Marine & Energy Liability. The pair will be based in London and report to the Marine & Energy Liability team, part of the Marine Transportation business, led by Grant Smith….
Munich Re has described traditional reinsurance as the “cornerstone” of capacity, supporting diversified portfolios and a broad range of client needs more than ever before. In new commentary ahead of Baden-Baden, the firm said traditional reinsurance capital has increased relative to alternative capital, with the ratio rising from 3.5 in 2017 to almost 4 in…
New commentary from AM Best suggests that the depopulation of state-backed Citizens Property Insurance Corporation is proving successful, with Hurricane Isaias likely to have a smaller impact on the insurer than it would have had without the depopulation. Isaias was the first hurricane of what the rating agency described as a “quiet” Atlantic hurricane season….
Liberty Mutual Insurance, a property and casualty insurer, has agreed to acquire Austral Seguradora, a top five Brazilian surety provider headquartered in Rio de Janeiro, subject to regulatory approvals. The acquisition of Austral, which has been a member of the Austral Holding Group and has served the Brazilian market since 2010, includes the company’s surety, financial…