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Global specialty insurance company Westfield Specialty reported fiscal year 2025 (FY’25) underwriting revenue of $87.2 million, with a combined ratio of 93.1%. By the end of 2025, gross written premiums (GWP) will reach US$1.93 billion. The insurer explained that the figures meant the results were significantly ahead of schedule. In 2024, Westfield Specialty reported a…

Market veteran Guy Money has been appointed Managing Director of Allianz Commercial’s Iberia region and a member of the Board of Directors of Allianz Seguros (Spain). Subject to regulatory approval, he will take over his new role on March 1, 2026 and will be based in Madrid. Money will have dual reporting lines to Allianz…

Credit insurance company Coface reported stable consolidated turnover at €1.847 billion for the full year 2025, up 1.3% at constant exchange rates and perimeters compared with €1.844 billion in 2024. Insurance revenue (including guarantees and single risks) increased by 0.6% at constant exchange rates to 1.512 billion euros. The company explained that insurance revenue fell…

Bermuda-based global specialty insurance and reinsurance company Fidelis Insurance Group has expanded its capital management program by increasing its current common stock repurchase authorization to $400 million. The expanded program allows companies to repurchase shares through open market purchases, accelerated share repurchases or privately negotiated transactions. Before that, 2025 was a big year for shareholder…

Will Chen, a veteran with more than 30 years of professional insurance experience, has joined Westfield Specialty US as chief financial officer (CFO), reporting to Westfield Specialty President Jack Kuhn. In his new role, Chen will be responsible for U.S. financial strategy, including financial planning and analysis (FP&A) and related operational processes and controls. His…

Italian insurance giant Generali’s global corporate and commercial (GC&C) business unit has appointed Mario Glanz as its new head of casualty. In his new role, Galanz will focus on further expanding GC&C’s global casualty business in line with the insurance company’s “next phase plan.” Galanz has more than 20 years of industry experience in casualty…

Ategrity Specialty Insurance Company Holdings reported strong underwriting results for the fourth quarter of 2025, with underwriting revenue increasing 160.3% to $15.5 million from $5.9 million in the same period last year, and the combined ratio improving to 84.9% from 92.3% in the same period last year. The improvement in the combined ratio was driven…

Global insurance brokerage and risk management company Gallagher has announced two key leadership appointments for the Romero Group, which includes the Club Insure, NDML and Sentient brands. Jonathan Webb will join the Romero Group on February 23 as regional managing director, overseeing all aspects of the business and 200 employees across four locations. Webb brings…

International insurance company and reinsurance company QBE announced its full-year financial results for 2025. Net profit after tax was US$2.157 billion, and the combined operating ratio increased to 91.9%. Net profit after tax in fiscal year 2025 increased from $1.779 billion in fiscal year 2024. Adjusted net profit after tax rose to $2.132 billion, with…

PwC said asset-intensive reinsurance (AIR) is expanding globally, with activity remaining concentrated in the US, while dealmaking is strong in Asia Pacific, the UK and Europe. AIR refers to a reinsurance transaction for an insurance product (usually long-term life insurance and annuity products) in which both the assets and the insurance risk are transferred from…