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AIG, Onex Corperation and Convex have completed a comprehensive transaction that will give Onex a 63% controlling interest in the specialty insurance company, with AIG holding an approximately 35% minority stake and a 9.9% stake in Onex, and a broader long-term strategic partnership, including reinsurance and capital commitments. Under previously announced transactions, AIG acquired a…
Indian public sector reinsurer General Insurance Corporation of India (GIC Re) reported that its combined ratio (CoR) improved by 3.58 percentage points to 106.88% for the nine months ended December 31, 2025 (September 2025), as compared to the combined ratio of 110.46% in September 2024. The company reported a 37.58% decrease in its underwriting losses…
Skyward Specialty Insurance Group, Inc., a division of Skyward Group, has launched a new specialized power generation insurance solution for small and medium-sized entities. The launch further diversifies the company’s existing product portfolio and expands product offerings to meet the evolving needs of power producers and brokers across the United States. Skyward Specialty’s new power…
Cincinnati Financial Corporation re-elected current directors and appointed corporate officers to its U.S. subsidiaries, which held regular shareholder and board meetings this month. The following employees have been named executive officers and elected to the Board of Directors of all property casualty subsidiaries: Fu Luyang was appointed as senior vice president and chief actuary. In…
Singapore-based boutique insurance solutions consultancy Kairos Risk Solutions has launched the Weather Data Platform, an advanced analytics tool designed to improve climate risk assessment and enhance the use of parametric insurance solutions through localized, data-driven weather forecasts. The company said traditional weather models tend to lose reliability beyond short-term forecasts, limiting insurers’ ability to plan…
Liberty Specialty Markets (LSM), a division of Liberty Mutual Insurance Group, has appointed Edrick Tang as Asia Pacific (APAC) senior underwriter, effective immediately. In this role, Tang will oversee the underwriting performance of the product line and lead the execution of the product’s growth strategy in Asia. The appointment aligns with Liberty’s strategic focus to…
As data centers have grown from modest buildings to complex, multi-billion-dollar campuses, the insurance industry has been focusing on risky engineering, an attractive proposition that has also fostered competitive rating structures, brokerage Lockton reported. In its recent data center market update, Lockton noted that despite asset sizes reaching unprecedented heights, a surge in new capacity…
White Mountains released fourth-quarter 2025 results for its property and casualty reinsurance unit Ark/WM Outrigger, with gross written premiums (GWP) of $268 million and a combined ratio of 77%. GWP increased slightly in the fourth quarter of 2025 compared to $264 million in the fourth quarter of 2024, while the combined ratio for the quarter…
Reductions in extreme weather losses and continued growth in premiums are expected to result in net underwriting earnings for the U.S. insurance industry reaching $35.3 billion in the first nine months of 2025, according to Verisk and the American Property Casualty Insurance Association (APCIA). The results are based on annual statements filed with insurance regulators…
Lockton Re, MENA announces the appointment of Bayan Ismaeel as Senior Account Manager for its Life & Health business. Ismail brings eight years of industry experience, combining commercial insight and actuarial expertise. She joins Lockton Re from Guy Carpenter, where she most recently served as Assistant Vice President. Prior to this, Ismaeel spent two years…