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S&P Global Ratings expects most reinsurers to stay within their annual natural catastrophe budgets and deliver solid performance throughout 2025, noting that the industry is on track to exceed its cost of capital for the third consecutive year (2023-2025) and in 2026. In its “Global Reinsurance Industry Outlook 2026,” Standard & Poor’s stated that it…

Jim Williamson, president and chief executive officer (CEO) of Everest Group, praised the company’s reinsurance team for its outstanding performance in responding to a more challenging market at the time of renewal on January 1, while also saying that the reinsurer beat the real estate catastrophe market with a 10% global average rate decrease. Everest…

International specialty insurance company Ryan Specialty has appointed Stephen Stewart, president and CEO of Stewart Specialty Risk Underwriting, Ryan Specialty’s managing general underwriter (MGU), as CEO of Ryan Specialty Canada Limited. Headquartered in Toronto, Ryan Specialty Canada Limited is a newly established Canadian operating and holding entity responsible for Ryan Specialty’s underwriting management business in…

European property and casualty insurance group Marco Capital Holdings Limited has completed the acquisition of Malta-based insurance company Stewart Title Europe Limited. The transaction, first announced in December, has now received all necessary regulatory approvals and is fully completed. Stewart Title Europe Limited is a specialist insurance company that has been in the red since…

According to Gallagher Re, North American guarantee renewals are proceeding in an orderly manner as of January 1, 2026, characterized by a revival of interest from existing players and the emergence of new market players. Despite lingering economic uncertainty, the market remains profitable through 2025. This stability enables cedents to optimize their plans, provided they…

Marsh Risk, the insurance brokerage arm of Marsh, has appointed James Crsk to the newly created position of head of its global supply chain practice, based in London. In this role, Crask will combine Marsh Risk’s existing supply chain insurance and risk consulting expertise and leverage advanced analytics and cutting-edge technology, including Marsh’s AI-driven supply…

Markel Group reported that its insurance business, Markel Insurance, reported a 3% increase in gross premiums written to $2.32 billion in the fourth quarter of 2025 from $2.25 billion in the year-earlier period, compared with a 4% increase for the full year of 2025 to $10.6 billion, compared with $10.3 billion in fiscal 2024. The…

Allstate Corporation announced financial results for the fourth quarter of 2025, with total revenue of $17.3 billion, an increase of 5.1% from the same period last year, and net profit of $3.8 billion, compared with $1.9 billion in the same period last year. The insurer also announced full-year 2025 financial results, with total revenue up…

BDO, a professional services provider, has expanded its global footprint and enhanced its ability to serve clients with Bermuda domiciled structures with the official launch of BDO Bermuda. The expansion underlines BDO’s commitment to providing audit and advisory services across the region, with Bermuda representing a jurisdiction of strategic importance for international business, particularly in…

ACORD, the global standard-setting body for the insurance industry, has appointed Yolanda Austin as Vice President (VP) of Standards Engagement and Clarissa Montecillo as Managing Director (MD) of ACORD UK. Both appointments underscore the organization’s commitment to driving digitalization in the global insurance industry and providing leaders with the expertise and vision to drive industry-wide…