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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…

Gallagher & Co., the international insurance brokerage, risk management and advisory group, has appointed Hassan Ashtari as Senior Executive Officer (SEO) for its Middle East joint venture with Artex Risk Solutions. The joint venture operates out of Abu Dhabi Global Market (ADGM) and provides alternative risk and captive management solutions across the region. In his…

Artificial intelligence-based insurance and reinsurance underwriter Kettle has partnered with US specialty insurer RLI to launch a new multi-risk commercial property insurance product. Kettle explained that the non-permit product provides comprehensive protection, including wildfire and all other perils (AOP), to commercial properties in areas where coverage is increasingly difficult to obtain. The program will focus…

The two insurance companies reached an agreement on February 4 on the key financial terms of a possible proposed cash offer for Zurich to acquire 100% of Beazley, and Zurich has now been granted permission to extend the PUSU deadline by more than two weeks. The “put it up or shut up” (PUSU) deadline was…

The Australian Terrorism Reinsurance Pool, managed by Australian Reinsurance Pools Corporation (ARPC), has purchased A$2 billion in terrorism retrocession limits for calendar year 2026 and has increased deductibles by A$500 million. ARPC explained that this reflects its current assessment of portfolio risk, current reinsurance market conditions and the protection provided by the $10 billion in…

Insurance broking and risk advisory group Howden has promoted Ping Li (Eva) to a senior leadership role at its mainland China reinsurance arm, Howden Re. Li Ping has over 15 years of experience in the insurance and reinsurance sector and has been working in the Howden China team for five years. During this time she…

Consilium, a specialty re/insurance brokerage, has launched hybrid professional indemnity (PI), directors and officers (D&O) and criminal policies to address the risks real estate professionals face when collaborating on real estate transactions and ventures. The launch aims to address the market gap left by a single PI and D&O policy that fails to adequately address…

Multi-category, multi-territory managing general agent (MGA) Pen Underwriting has expanded its team of professional indemnity (PI) underwriters in Birmingham, adding Raman Nahal as senior PI underwriter and Jazz Parkash as PI underwriter, effective February 2, 2026. The appointments are designed to strengthen Pen’s multi-disciplinary team of specialist underwriters in Birmingham, serving regional brokers and their…