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Munich Re has disclosed that it generated a net result of €2.211 billion in the second quarter of 2026 and €3.925 billion in the first half of the year, supported by very low major-loss expenditure in property-casualty reinsurance and a very strong investment result. The 2026 figures compare with corresponding net results of €2.085bn for…
Credit rating agency AM Best has upgraded the credit ratings of the Fortegra Group, Inc., a wholly owned subsidiary of DB Insurance Co., Ltd. (DBI), who acquired the specialty insurer back in June. AM Best has removed from under review with positive implications and upgraded the Financial Strength Rating (FSR) to A (Excellent) from A-…
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company, reported an underlying combined ratio of 68.7% in the second quarter of 2026, compared with 62.2% in the same period a year earlier. The Q2’26 combined ratio comprised a loss ratio of 27.0%, up from 19.8% in Q2’25, and an expense ratio of…
Santam Syndicate 1918, a Lloyd’s syndicate and part of the Santam Group, has announced the appointment of Atang Matebesi as Chief Commercial Officer (CCO). In December 2025, Santam Group received final approval from Lloyd’s for Santam Syndicate 1918 to begin underwriting business from 1 January 2026. Matebesi brings a combination of insurance leadership, corporate finance,…
Heritage Insurance Holdings, a US super-regional property and casualty insurance holding company, has reported improved underwriting performance and higher earnings for the second quarter of 2026, supported by a lower combined ratio, increased underwriting income and higher net investment income. The company reported a net combined ratio of 64.9% for the second quarter, an improvement…
Westfield Specialty, a global specialty insurance carrier, has continued its European growth strategy by expanding its reach into the Nordic region with the appointment of Nicole Victoria Preis as Head of Distribution, Nordics. Preis will report directly to Cornelia Roskau, CEO of Westfield Specialty International (Europe) S.A., with a matrix reporting line to Sarah McNally,…
Based on the number of properties destroyed and the value of homes and businesses affected by the Spokane, Washington, wildfires, Gallagher Re has estimated that insured losses will reach at least hundreds of millions of dollars, with a plausible chance of becoming a billion-dollar industry loss event. The event is expected to rank among the…
White Mountains Insurance Group, Ltd. has released its second-quarter 2026 results for its property and casualty re/insurance segment Ark/WM Outrigger, which generated gross written premiums of $778 million, down from $815 million in the prior-year period, while its combined ratio remained unchanged at 84%. During the quarter, Ark/WM Outrigger reported net written premiums of $537…
Canada Life Re, the reinsurance division of The Canada Life Assurance Company, has announced the establishment of a new regional office in Singapore, reinforcing the company’s long-term commitment to the Asia Pacific market. The move has been accompanied by the appointment of Wil Chong as Chief Executive Officer (CEO) of Canada Life Services, the company’s…
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of the Swiss Re Group, has established exclusive partnerships with Bajaj General Insurance in India and GNP Seguro in Mexico to provide protection to large multinational companies (MNC). The firm will offer insurance solutions to the “growing number” of companies, who are to expand…