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Willis, a WTW business, has announced the appointment of Paul Haas as Senior Director, Business Development, based in Chicago. Having joined Willis on August 10, Haas has been tasked with leading new business development across the Midwest, with a focus on growing the company’s presence in financial institutions risk at the intersection of banking and…
In Howden Re’s latest re/insurer earnings report, Michelle To, Head of Business Intelligence, said that as pricing becomes more competitive, carriers are taking a closer look at where they grow, which areas they prioritise, and how they deploy capital, with greater emphasis now on cycle management. Howden Re’s report “Putting capital to work”, produced by…
In Howden Re’s latest re/insurer earnings report, Michelle To, Head of Business Intelligence, said that as pricing becomes more competitive, carriers are taking a closer look at where they grow, which areas they prioritise, and how they deploy capital, with greater emphasis now on cycle management. Howden Re’s report “Putting capital to work”, produced by…
The global reinsurance sector is carrying more capital than ever while allocating a smaller proportion of that capital to catastrophe risk, according to new analysis from AM Best, a global credit rating agency and provider of insurance industry data and analysis. The report shows that dedicated reinsurance capital reached USD $663 billion at the end…
Qatar Islamic Insurance Group has received a license from the authorities of the International Financial Services Centre (IFSC) to establish an Indian branch to conduct reinsurance business in Gujarat International Finance Tec-City (GIFT City). The firm is the latest in a long line of re/insurers to establish its presence in GIFT City. The IFSC recently…
Qatar Islamic Insurance Group has received a license from the authorities of the International Financial Services Centre (IFSC) to establish an Indian branch to conduct reinsurance business in Gujarat International Finance Tec-City (GIFT City). The firm is the latest in a long line of re/insurers to establish its presence in GIFT City. The IFSC recently…
Australian insurance broker network Steadfast Group has reported a 15.3% year-over-year increase in underlying revenue to AU$2.10 billion for FY2026, while underlying NPATA rose 7.1% to AU$366.3 million. For FY2026, the firm’s underlying EBITTA increased 13.8% to AU$669.8 million, while underlying diluted earnings per share rose 7.7% to 28.8 cents. Steadfast’s underlying NPAT for FY2026…
Ocean Re has appointed Pedro Fernandes as Chief Financial Officer (CFO), where he will lead the firm’s global finance function, overseeing financial strategy, capital management, planning and reporting, while supporting its continued expansion and long-term business objectives. Fernandes joins Ocean Re with extensive international experience in finance, business leadership, and strategic management. The executive has…
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the promotion of Jennie Beard to Head of UK & MENA War and Terrorism, effective 1 August 2026. In her new role, Beard will continue to lead and develop LSM’s UK War and Terrorism proposition, broadening her leadership remit into MENA and supporting…
Vienna Insurance Group (VIG) has reported a 20.7% rise in result before taxes to EUR 641.5 million for the first half of 2026, driven primarily by the positive performance of the total capital investment result and an improved net combined ratio. The insurer confirms that all segments generated positive results before taxes, with the highest…