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Fairfax Financial Holdings Ltd. reported financial results for the first quarter of 2026, with net profit of $695.7 million, compared with $945.7 million in the same period last year. The company’s property and casualty (P&C) insurance and reinsurance business had adjusted operating income of $1,213.4 million, a significant increase from $685.5 million in the first…
Global reinsurance brokerage and risk advisory firm Gallagher Re has announced the appointment of Liu Jun as head of China’s Ministry of Agriculture, in addition to his current role as deputy head of the Beijing team. The executive joined Gallagher Re from Datong Insurance in 2025 as deputy director of the reinsurance department in Beijing….
American multinational conglomerate holding company Berkshire Hathaway reported that in the first quarter of 2026, net underwriting income from its insurance and reinsurance business increased by US$1.717 billion, an increase of approximately 29% from the previous year. There was no major catastrophe loss impact during the quarter, with no major catastrophe events (in excess of…
Artificial intelligence (AI) has advanced faster than expected over the past nine months, said AIG Chairman and CEO Peter Zaffino, who outlined the company’s next phase of AI deployment focused on developing multi-agent solutions with an orchestration layer that coordinates specialized AI agents. During AIG’s first-quarter 2026 earnings call, Zaffino emphasized the potential of artificial…
Consulting, brokerage and solutions firm Willis has launched Merger Protect, a specialized insurance product designed to help organizations manage the financial impact of US antitrust regulatory scrutiny during mergers and acquisitions. The firm is launching the product as part of its wider transaction risk suite, designed to address the evolving challenges in the M&A space….
PwC reported that traditional market momentum continued in the first three months of 2026, with five acquirers announcing nine publicly disclosed non-life insurance runoff transactions, with cumulative total liabilities of approximately $730 million for the five transactions that disclosed transaction value. PwC said there were three debt deals announced in the first quarter of 2026…
Sidley Austin, an international law firm that advises insurance companies and financial institutions on regulatory and transactional matters, reports on proposed regulatory developments in Japan regarding the regulation of reinsurance arrangements. Sidley noted that Japanese insurers have significantly increased their use of reinsurance in recent years, particularly ahead of the launch of the Japan Economic…
In the political violence (PV) market, executives at Bermuda-based insurers and Lancashire Reinsurance said they expected claims from conflicts in the Middle East to outstrip premiums through the system, while noting the company had limited exposure to the region and saw opportunities to selectively underwrite new business. During Lancashire Holdings Ltd.’s first quarter 2026 earnings…
Analysis from the Swiss Re Institute highlights that by 2025, about 99.9% of natural catastrophe losses in North America will be caused by secondary disasters such as wildfires and severe convective storms (SCS). Monica Ningen, CEO of Swiss Re U.S. Property & Casualty Re, said that the year is “another clear signal” that the risk…
Ryan Specialty Holdings, Inc., an international specialty insurance company, reported total revenue of $795.2 million in the first quarter of 2026, an increase of 15.2% from $690.2 million in the same period last year. Ryan Specialty attributed the increase in revenue to continued organic revenue growth of 11.8%, driven by new customer wins and expansion…