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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…

JPMorgan analysts said the price falls reported by European reinsurers so far have been far less severe than those reported by reinsurance brokers, thanks to diversified portfolios that have helped cushion the impact. JPMorgan’s report notes that European reinsurers are in a tough spot at the start of 2026, with an average decline of 4.2%…

Tokio Marine Holdings announced its financial results for the third quarter of fiscal year 2025, with international business profits reaching 376.7 billion yen, a year-on-year increase of 19%. This performance was driven by strong underwriting across all entities, lower capital losses in North America (approximately +30 billion yen) and a weaker yen (approximately +14 billion…

Chubb announced a series of North American field operations leadership changes, including the appointment of Chad Yarlagadda as regional executive for the Midwest region; Ben Mortimer as regional executive for the Southeast region; and the retirement of Kelly Kinsella. Yarlagadda, who currently serves as regional executive for the South East region, will succeed Kinsella, who…

Enstar, a global insurance and reinsurance group backed by investment vehicles managed by Sixth Street affiliates, has entered into a definitive stock purchase agreement to acquire 100% of Accident Fund Holdings, Inc. (AF Group) from Blue Cross Blue Shield of Michigan. The transaction is expected to close in the second half of 2026, subject to…

International specialty insurance company Ryan Specialty reported that total revenue increased 13.2% to $751.2 million in the fourth quarter of 2025, compared with $663.5 million in the same period a year ago, with organic growth of 6.6%. The insurer attributed the growth to new customer wins and expansion of relationships with existing customers, continued expansion…

Italy-based insurance company Generali has launched a new group software factory, Generali Core Tech, to advance its technology transformation. The move is in line with the insurer’s “Partners for Life 27: Driving Excellence” strategic plan, which focuses on enabling business growth by building scalable, shared and innovative platforms that leverage new solutions and platforms. The…

AXA XL is the property and casualty and specialty risks arm of AXA, partnering with US Marine Insurance Group (USMIG) to provide shipper interest insurance in response to market changes in the logistics sector. The cooperation between the two parties will begin in 2024, with USMIG serving as the project manager of AXA XL. This…

Bermuda-based Sompo International, the international operating arm of Tokyo-based Sompo Holdings, disclosed total insurance revenue of $12.05 billion in the first nine months of fiscal 2025, an increase of $835 million from the same period in 2024. By segment, insurance revenue was led by commercial insurance ($8.524 billion), followed by global reinsurance ($2.491 billion) and…

Michael Lewis has been promoted to president of Marsh Risk Canada, succeeding Sarah Robson, who will continue as CEO of Marsh Canada. Effective April 1, Lewis will be responsible for the strategic development and execution of Marsh Risk’s commercial strategy in Canada, which spans specialty insurance brokerage solutions, risk advisory services and the company’s commercial,…