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Global reinsurer Swiss Re reported net profit of US$1.5 billion in the first quarter of 2026, up 19% from US$1.3 billion in the previous year, driven by strong performance across its business segments, lower catastrophe losses and strong investment performance. Group-wide return on equity increased to 23.6% from 22.4% in the same period last year…
Challenger Limited’s recently formed Calix Re Limited (Calix Re) is an E-rated licensed Bermuda reinsurer that has been assigned an A- (Excellent) financial strength rating and an ‘a-‘ (Excellent) long-term issuer credit rating by AM Best. The majority of Calix Re’s business will be Japan’s regular annuity business. It will leverage long-term reinsurance partnerships for…
Independent insurance broker Lockton has strengthened its leadership position in Asia, with Nicholas Lee joining Lockton Sime as CEO designate for Malaysia, while Jaideep Sharma has been appointed CEO for India. In his new role, Lee will work with the team to build a strong foundation to expand a high-performing client-centric brokerage, drive growth, strengthen…
Amwins, a global distributor of specialty insurance products, has acquired NARDAC, a brokerage specializing in energy and infrastructure. Prior to this, Amin made an initial investment in NARDAC in 2020 and recently purchased the remaining privately held shares. According to the announcement, NARDAC’s specialist wholesale, reinsurance and underwriting services will be integrated into Amwins’ existing…
BMS Group, an independent insurance and reinsurance brokerage, has adopted mea Platform’s brokerage products, part of its operational suite, to improve placement efficiency and drive digital transformation. mea Platform is an artificial intelligence product company serving the re/insurance industry. The broker said the move was driven by increasing market complexity and data volumes, and will…
Allianz Commercial and Coalition, a proactive insurance company focused on preventing digital risks, today announced a transformative strategic agreement to expand its cyber insurance partnerships. The agreement makes Coalition Allianz the exclusive global partner for commercial cyber insurance across all sectors. By transferring its commercial cyber insurance business to Coalition, Allianz will combine the unique…
Ryan Specialty, a specialty insurance company providing distribution, underwriting, product development and risk management services, announced leadership promotions for its underwriting management division, Ryan Specialty Underwriting Managers (RSUM). The changes apply to Velocity Risk Underwriters, a technology-enabled managed general underwriter focused on complex commercial real estate catastrophe risks. The company has confirmed that Paul Carnegie…
Hannover Re’s latest Annual General Meeting (AGM) approved a proposal by the Executive Board and Supervisory Board to pay a dividend of €12.50 per share, reflecting the reinsurer’s latest dividend policy for the 2025 financial year. The dividend is reported to be a 39% increase over the previous year, bringing the total payout to shareholders…
Insurance brokerage, risk management and advisory firm Gallagher has announced the launch of Gallagher Blueprint, a strategic framework designed to help clients enhance their risk profile and build more cost-effective insurance plans. Gallagher Blueprint combines AI-driven analytics with Gallagher’s proprietary data and deep niche expertise. It builds on Gallagher’s established sales methodology, aligning clients’ insurance…
Commercial insurance intelligence platform Fuse expands the scope of Watch, its real-time risk intelligence layer built for the entire insurance value chain. Fuse announced the full rollout of Watch in April, launching a product built specifically for commercial insurance brokers and underwriters that plots every active hazard in the United States on a real-time map….