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AM Best announced that it is changing the market outlook for its U.S. directors and officers (D&O) liability insurance segment to stable from negative, citing factors including rate stabilization and improvement in loss ratios. The upgrade marks a critical moment for an industry that has faced years of volatility, falling premiums and increasing regulatory pressure….
Covea Insurance UK has appointed Philippe Domart as its Chief Executive Officer (CEO), subject to regulatory approval, effective April 1, 2026. Domat takes over the new role from Jorge de Macedo. Additionally, he will be moving to the UK to be closer to his team and partners. The appointment is in line with the group’s…
Chubb, a major US insurance company, has announced the appointment of José Ramón Morales as Regional Executive Officer for the Southern Region (Spain, Portugal, Italy) and Head of Underwriting Center for Continental Europe, the Middle East and North Africa, effective April 1, 2026. Morales joins Chubb with 25 years of insurance experience and will be…
Mapfre reported that Mapfe Re, which covers reinsurance and global risk businesses, achieved a record performance of 381 million euros in 2025, a year-on-year increase of 17.2%, driven by prudent management and the absence of catastrophe events. Among them, the reinsurance department contributed 329.5 million euros, with a combined ratio of 91.7%, while the global…
Severe and persistent weather events in southern Spain have added pressure to the country’s agricultural insurance framework while leaving private insurers largely insulated from material losses, credit ratings agency Morningstar DBRS said. Morningstar DBRS highlighted in its latest review that Andalusia has a rating of A (high), with stable trends but affected by weeks of…
Descartes Underwriting, specialist in corporate parametric re/insurance solutions for climate and emerging risks, has expanded the responsibilities of commercial director Juan Maria Marqués Domenech to include the Central European region in addition to Iberia. To further strengthen the company’s presence in Europe, Descartes has also appointed Felix Dalheimer as business developer for Germany and Austria….
Global MGA incubator Mission has appointed Tom Hill as chief commercial officer (CCO) for its UK and European operations. Hill is an MGA expert with unique underwriting, DUA placement and MGA creation experience. The appointment is aimed at leveraging his technology underwriting experience to drive commercial strategy and identify the next generation of high-performance MGAs….
IAG reported net profit after tax of US$505 million in the first half of fiscal 2026, down from US$778 million in the same period in 2025. Results were impacted by a $174 million one-off RACQI impact arising from severe seasonal weather following the acquisition and before the business was integrated into IAG’s comprehensive reinsurance program…
Specialty insurance company Palomar Holdings, Inc. reported a 60.6% increase in net income to $56.2 million in the fourth quarter of 2025, compared with net income of $35 million in the fourth quarter of 2024. The insurer reported strong underwriting results for the quarter, with gross written premiums (GWP) increasing 31.8% to $492.6 million, compared…
Joe Peiser will lead Aon’s risk capital capabilities in commercial risk and reinsurance solutions as the broker continues to enhance and execute its risk capital strategy. Peiser joined Aon in 2021 as head of commercial risk, North America, and became global CEO of commercial risk in 2023. He brings more than three decades of industry…