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Large EMEA-based reinsurers’ underwriting margins and overall profitability are likely to decline over 2026-2027 as pricing softens further, but they should remain sufficient to cover the sector’s cost of capital, according to S&P. In a new report outlining performance trends for 50 rated EMEA-based publicly listed or debt-issuing re/insurers, S&P found that most major rated…
Saudi Reinsurance Company (Saudi Re) has reported net profit after Zakat of SAR 32.6 million, up 6% from SAR 30.7 million in the same period a year earlier. Saudi Re attributed the year on year increase in net profit to balanced performance across its domestic and international markets. For the first nine months of 2026,…
Global professional services firm Marsh has revealed it intends to expand its capabilities in Bahrain to include captive insurance management services, reportedly making it the first international broker to provide such services in the Kingdom. The announcement was made during the fourth edition of Gateway Gulf, held on 1–2 November 2026 at the Four Seasons…
Global reinsurance broker Gallagher Re has partnered with Scrub AI, the AI-powered insurance data ingestion platform, to automate the processing of property binder bordereaux and exposure data for catastrophe modelling. Gallagher Re handles extensive datasets from coverholders and programs globally, which arrive in varying structure and granularity. Historically, preparing these inputs from modelling demanded substantial manual…
As AI creates new opportunities across the insurance value chain, the Singapore Reinsurers’ Association (SRA) has launched its Reinsurers’ Artificial Intelligence Handbook at the 22nd Singapore International Reinsurance Conference (SIRC), providing practical guidance for underwriting, claims, and risk professionals. The SRA said a working group of members from its Technical and Legal & Compliance Subcommittees…
PwC, a global network of firms providing audit, consulting and advisory services, has appointed Nick Wilks as UK Insurance sector leader. In his new role, Wilks succeeds Alex Bertolotti, who has led the practice for more than five years. Wilks will lead PwC’s UK insurance practice and work with clients across the London Market and…
Specialist international reinsurance broker Willis Re has completed its previously announced acquisition of BMS Re US, the US reinsurance arm of independent broker BMS Group, for an undisclosed sum. The acquisition aims to bolster Willis Re’s broking capabilities and secure a strong platform for its planned US growth, enhancing its existing capabilities and diversifying into…
Corgi Insurance, a technology-focused commercial insurance carrier that uses artificial intelligence across its operations, has appointed Josh LaRiccia to lead its distribution activities as Head of Distribution. The appointment will see LaRiccia take responsibility for expanding the company’s presence across the US insurance market and developing partnerships with managing general agents (MGAs), wholesale intermediaries and…
In a recent interview with Reinsurance News around the Singapore International Reinsurance Conference (SIRC), Anna Ziswiler, Head of Property and Casualty (P&C) Reinsurance SID, Swiss Re, emphasised that the reinsurer is focused on maintaining a strong, well-diversified portfolio in the Asia Pacific (APAC) region as the firm works to help clients navigate a changing risk…
Aon, a global professional services firm providing risk, retirement and health solutions, has reported that two successive windstorms, Austen and Boelo, which brought damaging winds and heavy rainfall to parts of Western Europe between 22 and 25 October 2026, will likely lead to economic and insured losses in the hundreds of millions of euros. According…