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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…
Ivans, a division of Applied Systems, released Ivans Index results for January 2026, showing year-over-year increases in average premium renewal rates for commercial auto, business owner’s policy (BOP), general liability, commercial real estate and Umbrella. Conversely, workers’ compensation premium renewal rates declined during the same period. On a month-to-month basis, premium renewal rate change decreased…
Ivans, a division of Applied Systems, released Ivans Index results for January 2026, showing year-over-year increases in average premium renewal rates for commercial auto, business owner’s policy (BOP), general liability, commercial real estate and Umbrella. Conversely, workers’ compensation premium renewal rates declined during the same period. On a month-to-month basis, premium renewal rate change decreased…
The Latin American (LatAm) insurtech market will continue to recover and mature in 2025, with the number of active companies reaching 536 and investment volume reaching $199 million, according to findings from the 11th edition of Mapfre’s “Latin America Insurtech Journey” report. Investment surged 117% year-on-year, making it the third strongest year on record, behind…
The Insurance Development Forum (IDF) has appointed Alexander De Croo, Administrator of the United Nations Development Program (UNDP), and Tsutomu Yamamoto, Managing Director of the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), as Public Sector Co-Chairs of the Steering Committee. De Croo and Yamamoto succeed Achim Steiner and Hiroshi Matano respectively. In their new…
As disaster risks grow faster than societies can adapt and protection gaps widen, well-designed public-private insurance programs (PPIPs) combined with national disaster resilience strategies can enhance risk reduction, a recent report by the Geneva Association notes. The report highlights that natural and man-made disasters are becoming more frequent, more costly and more difficult to deal…
Bermuda-based international specialist reinsurer Compre has appointed David Atkins to the newly created role of deputy chief executive, based in London. Compre said the appointment will strengthen the company’s leadership capabilities to handle greater scale and complexity, while ensuring rigorous execution and clear accountability. Atkins will reportedly oversee key functions of the group, including operations,…
Zambia-based reinsurer Klapton Reinsurance announced that it has obtained regulatory permission to underwrite reinsurance business in China. This marks the company’s entry into one of the most complex and competitive insurance markets in the world. Klapton Re said: “China is a market that values ​​the principles of credibility, discipline, speed and long-term relationships that are…
Property and casualty insurance holding company Kingstone Companies, Inc. reported the strongest quarterly and annual results in the company’s history, with diluted net income per share increasing 145-158% to $0.98-1.03 for the quarter and 89-95% for the full year of 2025 to $2.80-2.88. In its preliminary results, the insurer reported that direct premiums rose 14%…
Malaysia-based reinsurer Mandarin Re has increased its paid-up share capital from US$20 million to US$23.5 million, reflecting strong financial growth and strengthening its ability to support customers and partners in Asia, Latin America, Europe and Africa. The capital increase further strengthens Mandarin Re’s underwriting capabilities, allowing the company to take on more complex risks while…