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Brazilian reinsurer IRB (Re) reported strong underwriting results in both the fourth quarter and full year 2025, with improved combined ratios, although revenue declined in both periods, primarily due to the impact of contract cancellations in its life business, while its property and casualty (P&C) portfolio shrank due to declines in agriculture. IRB(Re) said that…
MAPFRE Re, the reinsurance arm of Spanish insurance company MAPFRE, has received approval from the International Financial Services Centers Authority of India (IFSCA) to open its latest branch at the International Financial Technology City (GIFT City) in Gujarat. The agency aims to strengthen the reinsurer’s operational capabilities and provide a more tailored service in one…
Emma Loynes has been promoted to chief executive (CEO) of specialist Lloyd’s Insurance and Reinsurance Markets Asia Pacific, Middle East and Africa (APMEA), succeeding Chris Mackinnon. Loynes joined Lloyd’s, the world’s oldest re/insurance market, in 2018 as senior manager of market oversight and delivery, and in 2021 took on the role of head of market…
MS Re, the Swiss-registered reinsurance entity of MS&AD Holdings, reported net profit of US$341 million in the first nine months of 2025 in accordance with IFRS 17, an increase of US$119 million from US$222 million in the same period in 2024. Insurance services profits also strengthened, rising to $349 million from $215 million in the…
Property and casualty insurance company Liberty Mutual Insurance recently announced that Neeti Bhalla Johnson will resign as President of Global Risk Solutions (GRS) on March 6, 2026 to pursue new opportunities. As President of GRS, Bhalla Johnson oversaw a significant transformation of the company’s commercial and specialty reinsurance businesses in 24 countries, achieving $23 billion…
DUAL, one of the world’s largest managing general agents (MGAs) and part of Howden, has partnered with global reinsurer SCOR to enhance capabilities in the Brazilian corporate insurance market. According to reports, under the agreement, DUAL Brazil and SCOR will provide services in property, casualty, professional indemnity (PI) and directors and officers (D&O) lines. DUAL…
Kuwait Reinsurance Company’s net profit in 2025 will increase by approximately 41% year-on-year to US$65 million, and total insurance income will increase by 13% to approximately US$294 million. After deducting insurance servicing expenses of $257 million in 2025, insurance servicing results prior to holding reinsurance contracts were approximately $37 million, up from $34 million in…
MS Amlin, a global reinsurance company owned by MS&AD Holdings, achieved an insurance services profit of £183 million between January and September 2025 (third quarter of 2025), a year-on-year increase of 53%. The company’s combined ratio increased by 2.7 percentage points to 86.1%. The stronger combined ratio was due to a 2.3 percentage point decline…
Specialist Lloyd’s Insurance and Reinsurance Markets has confirmed the additions of Fiona Luck and Sean McGovern as deputy chairmen, joining Victoria Carter who has held the role since 2021. Luck joined the Lloyd’s Council as deputy chairman in 2018 and was appointed as senior independent director, subject to regulatory approval, following the departure of Lord…
British insurance company Admiral Group has reached an agreement to acquire digital commercial fleet insurance provider Flock. The acquisition, worth £80 million and subject to regulatory approval, will give Admiral access to Flock’s innovative telemetry technology, which tracks vehicle data in real time. Flock’s digital platform uses a proprietary AI-driven risk model trained on hundreds…
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