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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…
Insurance services provider Amynta Group has agreed to acquire Southern States Underwriters and SSC Insurance Agency (collectively, Southern States Underwriters), the insurance operations of Southern States Cooperative, Inc. While the financial details of the agreement remain undisclosed, the closing of the transaction is anticipated in the final quarter of 2026, subject to obtaining regulatory approval….
Lincoln Financial, a US financial services company specialising in insurance, retirement and wealth management products, has announced the appointment of Adam Cohen, Chief Accounting Officer and Treasurer, as Interim Chief Financial Officer. This follows the decision by Chris Neczypor, Executive Vice President and Chief Financial Officer, to leave the company to pursue another opportunity outside…
Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, reported a net income of $34.1 million, 14% year over year growth in gross premiums written, and an improved combined ratio of 63.4% in the second quarter of 2026. Q2 2026 net income increased 24.2% compared to $27.5 million seen in Q2 2025. Adjusted…
AM Best is maintaining its stable outlook for the insurance markets of the Gulf Cooperation Council (GCC). The GCC comprises Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia, and the United Arab Emirates. The ratings agency noted that while GCC insurers remain vulnerable to second-order effects from the Middle East conflict, strong performance and…