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Travelers has unveiled its new catastrophe excess of losses (XoL) reinsurance program for 2026, which features a significant reduction in retention and the addition of a new lower tier. The planned retention level for 2026 is $3 billion, which marks a decrease from the 2025 threshold of $4 billion. This change reduced travelers’ net exposure…
Major U.S. insurance company The Travelers Companies, Inc.’s combined ratio improved in both the fourth quarter and full-year 2025, with net income strengthening in both periods, while the company reported full-year operating cash flow of $10.6 billion. Travelers kicked off the Q4 and FY25 earnings season with strong financial data. Compared with the same period…
Talbot Underwriting, a division of AIG, has announced a series of strategic leadership appointments and promotions, moves that reflect its continued investment in talent and the strengthening of the company’s underwriting capabilities. Mark Ladbrook has been promoted to active underwriter, Syndicate 1183, pending regulatory approval. The executive has been with Talbot for 11 years, most…
SiriusPoint is a specialist insurance and reinsurance company that is a member of FASE (Federation of Agencies in Europe), the pan-European federation of managing general agents. Founded in 2025, FASE unites MGAs across Europe with insurers, reinsurers, distributors, investors and service providers. By creating a shared forum for contact and exchange, FASE aims to encourage…
Moody’s said Zurich’s proposed acquisition of Beazley would be credit positive for the Swiss insurer, accelerate its efforts to establish a leadership position in specialty insurance, and drive further consolidation in the cyber insurance market in which both parties are major players. On Monday, Zurich announced it had submitted a 7.7 billion pound ($10.3 billion)…
Lloyds Market Association (LMA) has announced the appointment of Argenta CEO Nick Moore and Apollo chief commercial officer Vinay Mistry to its board of directors. The LMA is governed by a Board of Directors, which sets the association’s overall strategy, direction and priorities. The Board of Directors is composed of senior market practitioners and LMA…
AXA Digital Commercial Platform (AXA DCP), an AI-driven risk management system, has struck a deal with ICEYE, the manufacturer and operator of the world’s largest synthetic aperture radar (SAR) microsatellite constellation, allowing it to track floods, wildfires, hurricanes and other extreme weather events with what the company says is “unprecedented” accuracy. AXA DCP is AXA’s…
Global insurer Zurich is preparing to form a consortium in the specialist Lloyd’s insurance and reinsurance market as it awaits a response to its latest proposal to acquire London-based Beazley, its chief executive Mario Greco told the FT. On Monday, Zurich revealed it had submitted an improved proposal to acquire 100% of the specialist insurer…
Global reinsurance broker Howden Re has appointed Karen Nordblom as European chief operating officer (COO) of Stockholm-based Howden Re International. In her new role, Nordblom will lead the operational direction of the broker’s European platform and branch network. In addition, she will serve as commercial director for Howden Re’s European operations, ensuring strong regulatory and…
Pen Underwriting, a multi-category, multi-territory managing general agent (MGA), has appointed Darren Glover as senior development underwriter for Northern Ireland. Glover joins Pen’s Commercial Risk Management team, which serves brokers and clients across the UK, extending its network of dedicated underwriting expertise into Northern Ireland. In his new role, Glover will drive the expansion of…