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Independent global insurance group MNK Group has announced the appointment of Daniel Ferguson to the newly created role of Group Financial Controller. In this role, Ferguson will establish a dedicated finance function designed to increase financial acumen, enhance market resiliency and enable continued growth. He will design and implement the capital infrastructure needed to support…
Gallagher President and CEO J. Patrick Gallagher predicted that the buyer’s market is expected to continue this year, and while some insurance companies are satisfied with the reinsurance programs they obtained during the January 1 renewal season, others are expected to seek additional protection later in 2026. Reinsurance broker Gallagher Re said risk-adjusted real estate…
Selective Insurance Group announced financial results for the fourth quarter of 2025, with net profit of $152.9 million, an increase of 64% from $93.2 million in the same period in 2024. Operating income improved during the quarter, rising 57% to $156.2 million, compared with $99.6 million in the fourth quarter of 2024, marking an efficient…
Devastating floods in Malawi and Mozambique triggered the practical trigger of the Regional Emergency Preparedness and Inclusive Recovery (REPAIR) program, disbursing more than US$22.3 million within seven working days to support emergency national flood responses in these countries, allowing governments to mobilize immediate relief. As REPAIR participating countries, Malawi and Mozambique subsequently triggered activation requests…
Global brokerage group Aon, whose reinsurance solutions team recently designed and developed the first data center-specific treaty, is actively working with other insurers to continue to “innovate and lead” in this “generational opportunity,” President and CEO Greg Case said earlier today. The opportunities presented by the rapid advancement of digital infrastructure, particularly artificial intelligence, machine…
Christopher Sur, global financial services transaction leader at PwC Germany, said the global financial services industry is undergoing a major transformation, with scale expansion and private credit growth becoming the main forces behind mergers and acquisitions (M&A). Dealmakers are shaking off the caution of previous years and embracing a “generational shift” in how capital is…
Tysers, the independent Lloyd’s insurance broker owned by Australia’s AUB Group, has appointed Marlena Truszczynska as head of shipping claims, marine and aviation. The appointment is in line with Tysers’ long-term commitment to providing outstanding claims services to its clients. Truszczynska brings extensive expertise with over 11 years of experience. Tesers said her leadership, creativity…
Global reinsurer SCOR has partnered with German digital risk MGA Baobab Insurance to expand the capacity of Baobab’s ‘CyberSafe’ product, which provides businesses with preventive and ongoing protection against cyber risks, driven by Lloyd’s SCOR Syndicate. Lloyd’s SCOR syndicate has expanded Baobab Insurance’s underwriting capabilities to companies in Germany and Austria, with annual revenues of…
Global reinsurance brokerage and advisory firm Gallagher Re observed that oversupply of capacity resulted in a -32% change in the network’s total excess losses (XOL) risk adjustment ratio (RAR) on January 1, 2026. The data comes from the latest version of the firm’s Cyber ​​Rate Index, an update to the Cyber ​​RAR Index due out…
Aon Reinsurance Solutions’ organic revenue in the fourth quarter of 2025 increased 8% year-on-year to $379 million. The global brokerage giant reported total revenue of $4.3 billion in the quarter, with organic revenue rising 5%. Across the business, net income attributable to Aon shareholders rose nearly 140% to $1.7 billion in the fourth quarter of…