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As enforcement intensifies, businesses located or operating in the Europe, Middle East and Africa region face an increasing number of cyber-related fines and penalties, while the insurability of these fines remains uncertain and varies by jurisdiction, according to a joint report from global broker Aon and law firm A&O Shearman. The report highlights that as…
Global insurance and reinsurance broker Howden has announced the appointment of Tim Hewitt as Head of Japan International Solutions and Strategy for Howden Japan, effective February 2026. In his new role, Hewitt will continue to focus on growing Howden’s M&A solutions platform in Japan. He will work closely with Japanese clients trading offshore as well…
According to the latest Marsh Global Insurance Market Index, global insurance rates fell 4% in the fourth quarter of 2025, marking the sixth consecutive quarter of decline. This downward trend is supported by the huge capacity of insurance companies driven by reinsurance growth and the entry of new insurance companies. The influx of capital has…
MGT, a vertical artificial intelligence (AI) native neoinsurer, has entered into a strategic partnership with Amwins, a distributor of specialty insurance products and services, to select risks in the rapidly expanding excess and surplus (E&S) market through its proprietary AI-driven underwriting and pricing platform. The partnership is designed to combine Amwins’ unparalleled wholesale coverage with…
Global consulting, brokerage and solutions company WTW has announced the appointment of Chris Varley as global proposition leader for commercial insurance pricing and underwriting within the company’s insurance consulting and technology business. In his new role based in London, Valli will lead global strategy for commercial insurance pricing and underwriting. His responsibilities will include assisting…
Property and casualty insurer Hanover Insurance Group, Inc. reported a record net profit of $198.5 million in the fourth quarter of 2025, an increase of 18.2% from $167.9 million in the same period a year earlier. Operating income for the quarter was $210.1 million, an increase of 8% from $194.6 million in the fourth quarter…
Global insurance and reinsurance broking group Aon has announced that its specialist UK insolvency and restructuring insurance and risk team in Birmingham has appointed Catherine Williamson as director of growth and technology. In this newly created role, Williamson will focus on delivering insights and solutions to clients managing business restructuring and disruption. By combining Aon’s…
Global reinsurer Munich Re has appointed Till Böhmer as head of central analytics (data, analytics and artificial intelligence). Böhmer will serve in this role on an interim basis for the next nine months, leading the central analytics function. He will be responsible for driving the analytics platform as well as AI strategy, communications, governance and…
In its full-year and fourth-quarter 2025 results, Chubb reported record property and casualty underwriting revenue of $6.53 billion, an increase of 11.6% from 2024, and a record-low combined ratio of 85.7%. Chubb Chairman and CEO Evan G. Greenberg praised 2025 as a great year, highlighting the significant contribution of the company’s operations. “Our consistent and…
Bermuda-based reinsurer RenaissanceRe (RenRe) reported underwriting revenue of $669 million in the fourth quarter of 2025 and $1.3 billion in full-year underwriting revenue, with all three of the company’s major profit drivers performing strongly. RenRe performed strongly in 2025, with net profit of US$752 million in 4Q25, compared with a loss of US$199 million in…