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AmTrust International, a global specialty insurance company and a subsidiary of AmTrust Financial Services, Inc., has strengthened its presence in the Australian market with the launch of AmTrust Specialty Limited, an Australian Prudential Regulation Authority (APRA) licensed entity in Australia. The insurer’s decision to establish a licensed business in Australia is a key part of…

French mutual reinsurer Mutuelle Centrale de Réassurance (MCR) has signed a multi-year quota share reinsurance agreement with Toa Re Europe, the European subsidiary of Japanese reinsurer, to strengthen the former’s diversification and support the latter’s growth plans. The strategic partnership, which can be scaled up gradually over three years, allows MCR and Toa Re Europe…

Radian Group Inc., a U.S. company primarily known for mortgage insurance, has appointed industry veteran Seraina Macia to its board of directors. Macia brings more than 35 years of experience and deep expertise in successfully transforming organizations, driving strategic growth and building high-performing teams in the United States, Europe, the Middle East and Africa. Currently,…

Bermuda-based Arch Capital Group Ltd.’s reinsurance unit posted record underwriting revenue of $1.6 billion for all of 2025, and although the company saw a 10% to 20% drop in property catastrophe rates at renewals in January and expects additional pressure throughout 2026, CEO Nicolas Papadopoulo stressed that Arch still likes the business. Arch’s reinsurance division…

US insurance company Chubb has announced the appointment of Diego Novoa as President of Chubb Panama and Central America, succeeding Xavier Pazmiño, who will serve as Executive Vice President Maritime COG. Novoa brings more than 19 years of experience in financial services to the new position. During his more than 14 years at Chubb, the…

Specialist Risk Group (SRG), an insurance intermediary backed by Warburg Pincus and Temasek, has expanded its global presence with the launch of Australian operations. SRG has positioned itself as an agile challenger focused on the mid-market, combining its global reach with a highly qualified local team, bringing long-term relationships and deep understanding of the Australian…

Global insurance brokerage Lockton has appointed Subhash Chandra as head of Asia life and health reinsurance and Julian Park as head of South Korea workforce solutions. The two appointments, effective February 9, 2026, are in line with the broker’s commitment to expand and enhance its HR solutions capabilities in the Asia region. Chandra will be…

Insurance brokers suffered a sell-off earlier this week that was widely attributed to our report that OpenAI approved an insurance provider’s first artificial intelligence application on ChatGPT, with several analyst firms valuing shares down an average of about 9%. Many described the decline as an “overdone” or “overreaction,” with some emphasizing the short-term resilience of…

Digital business interruption solutions provider Parametrix has announced the hiring of three experts to support growing demand for its network, unexpected business interruption and data center insurance solutions. Parametrix’s product portfolio – which includes data center SLA products and “CyberPMX” (network and technology E&O with embedded parameterized BI) – has gained significant traction due to…

Corebridge Financial highlighted strong underlying performance and improving earnings momentum in the final quarter of 2025, despite a net loss of $366 million in 2025, primarily due to higher losses from embedded derivatives withheld by the Fortitude Re fund and changes in the fair value of market risk benefits. The Life and Retirement Group’s net…