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Credit rating agency AM Best has revised Atlantic Re’s long-term issuer credit rating (Long-term ICR) outlook to positive from stable. Meanwhile, AM Best affirmed the Morocco-based reinsurer’s Financial Strength Rating (FSR) of B++ (good) and long-term ICR of ‘bbb’. The outlook for FSR is stable. AM Best noted that the revision reflects improvements in the…

Conduit Holdings, the ultimate parent company of Bermuda-based multi-line reinsurer Conduit Re, has announced the appointment of Nicholas Shot as Chairman of the Board of Directors. Shot, who will join the Conduit Holdings board of directors in November 2025, will also succeed Ken Randall as chairman of the Nominating Committee. Prior to this appointment, he…

Specialty insurtech company Concirrus has officially launched Concirrus Inspire, an AI-native underwriting platform designed to help specialty insurers and managing general agents accelerate processes while retaining control over underwriting preferences, risk exposures and portfolio outcomes. Inspire covers the entire underwriting lifecycle from submission to binding, enabling underwriters to make confident decisions and support business growth…

According to Aon, a series of Atlantic storms hit southwestern Europe in late January and early February, with Storm Christine being the worst ever recorded in Portugal and possibly one of the costliest reinsurance/insurance loss events ever recorded in Portugal. Since January 18, 2026, eight consecutive low pressures have affected southwestern Europe, especially Portugal and…

Global reinsurer Munich Re has announced the appointment of Michaela Hannemann as head of non-life insurance in Australia, effective from 1 May 2026. Hannemann will be based in Sydney and report to Scott Hawkins, Managing Director of Munich Re Australia. She succeeds Anja Linsmaier, who will return to Munich Re’s German headquarters to assume a…

Qatar Insurance Company (QIC) announced a full-year net profit of 806 million Qatari riyals in 2025, an increase of 10% from 2024. The second pillar global net profit before tax provisions increased by 19% year-on-year to QAR 874 million, and net profit attributable to QIC shareholders increased by 9% to QAR 791 million. Gross written…

WTW Enterprises Willis has appointed Michelle Ng as head of risk and analytics for the Pacific region, succeeding Matt Frost, who has retired from the company. In her new role, Ng will lead the Pacific Risk & Analytics (R&A) team, delivering data-driven insights, actuarial expertise and advanced risk modeling capabilities to clients in Australia, New…

The Ministry of Industry and Internal Trade Promotion has officially opened up the Indian insurance sector to allow up to 100% foreign direct investment (FDI) through the automatic route, marking a major shift in the ownership policy of insurance companies operating in the country. Under the revised framework, foreign investors will no longer need to…

Independent specialist insurance and reinsurance broker Miller has announced the appointment of Saish Divakaram as head of Asia treaties. Divakaram is based in Miller’s Singapore office and will report to Richard Broad, Head of Treaties, Asia Pacific. Divakaram and Broad will work together to drive the continued growth of Miller’s regional treaty capabilities as a…

Specialty insurance provider Trisura Group announced its financial results for the fourth quarter of 2025, with net profit of $37.6 million, an increase of 95.1% from $19.2 million in the fourth quarter of 2024, and a combined ratio of 85.2%. The insurance company said that the growth in net profit was mainly due to the…