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Saudi Arabia, the reinsurance company in the Middle East and North Africa region, announced its full-year financial results for 2025, with revenue reaching 1.67 billion Saudi riyals, an increase of 48% over the same period last year. The company said the growth was driven by the expansion of multiple business lines domestically and internationally. While…
The board of directors of global reinsurer Swiss Re plans to nominate Jean-Jacques Henchoz, the former chief executive (CEO) of major reinsurer Hannover Re, as a new non-executive independent member of the board. The appointment is expected to be for a one-year term. Meanwhile, Larry Zimpleman, a Swiss Re board member since 2018 and currently…
Specialist re/insurance broker Miller has agreed to acquire Dubai-based independent reinsurance broker Shields Reinsurance Brokers Limited (Shields), subject to regulatory approval. Miller said the acquisition of Shields is highly complementary to its reinsurance strategy and wider cross-border expansion, further strengthening its established footprint in the EMEA market. The deal, expected to close in the second…
Brit Insurance announced its 2025 results, emphasizing that full-year profits were US$651.8 million, an increase of 36.2% from 2024, and written premiums expanded from US$2.98 billion to US$3.09 billion. Brit also reported a return on net tangible assets of 28.8% in 2025, up from 25.8% in 2024. The discounted combined ratio in 2025 was 81.9%,…
Zurich-based catastrophe insurance data provider PERILS has raised its insurance industry loss estimate from severe convective storms (SCS) in Queensland and New South Wales from November 21 to 27, 2025 to $2.95 billion. The second estimate is compared to the initial loss estimate of A$2.663 billion released on January 8, 2026, six weeks after the…
Fidelis Insurance Group has taken a new step in its global rebranding, retaining six company names in Bermuda as it prepares to transition to Pelagos Insurance Capital Limited. While the group has been awarded multiple names, it is understood that not all of them may be available as they may simply be holding on to…
Global reinsurer Swiss Re Group’s net profit rose 47% to $4.8 billion in 2025, with strong performance across the business, including a sharp increase in property and casualty (P&C) reinsurance net profit due to a lower-than-expected burden from large natural catastrophes. For the entire group, Swiss Re’s insurance revenue in 2025 was US$43.1 billion, down…
HCI Group, Inc., a Tampa-based insurance holding company, reported a significant 2,512.4% increase in net income to $108 million in the fourth quarter of 2025, compared to $4 million in the same period last year. Pre-tax income for the quarter was $144 million, up from $6 million in the fourth quarter of 2024, and net…
International insurance broking and risk management company Gallagher has appointed specialist investigations and disputes lawyer Alexandra Carr as director of its dispute resolution insurance team, which is ranked Band 1 for litigation support by Chambers & Partners. The Dispute Resolution Insurance team operates within Gallagher’s growing multi-disciplinary private equity and M&A practice. Through this integrated…
Rokstone North American Marine, part of international specialty reinsurance MGA Rokstone, has launched a new inland marine equipment program supported by $10 million in underwriting capital from QBE. The new program offers modern, flexible, professional coverage aimed at small and medium-sized contractors, equipment dealers, rental operators and industrial businesses operating across multiple locations and job…