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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…

Specialty insurer and reinsurer Convex’s gross written premiums (GWP) will grow 14% year-on-year to $5.9 billion by 2025, a three-year compound growth rate of 25%, with most business lines expanding despite the impact of the California wildfires and other major events and disasters. The company’s chief executive (CEO) Paul Brand described 2025 as a “milestone…

Property and casualty insurance holding company American Coast Insurance Company (ACIC) reported net income of $26.6 million in the fourth quarter of 2025, an increase of 437% from $4.9 million in the same period a year earlier. The company attributed the increase to lower losses and loss adjustment expenses (LAE) compared to Q4’24 when Hurricane…

Marsh Risk, the brokerage and risk advisory firm of Marsh, has launched Nimbus Casualty, a specialized insurance vehicle designed to provide excess general liability protection during the construction phase of digital infrastructure projects across the United States. Nimbus Casualty is designed to provide developers, owners and operators with significant financial protection, offering capacity up to…

Fairfax Financial revealed that by 2025, all its major insurance and reinsurance divisions will have a combined ratio of less than 100%, with a combined ratio of 93% and record underwriting profits of $1.8 billion. Fairfax Chairman and CEO Prem Watsa hailed 2025 as the strongest year in the company’s history, with net profit of…

JB Boda & Co., the overseas arm of international re/insurance brokerage JB Boda Group, announced the appointment of Rajesh Sinha as CEO and Managing Director of Asia Pacific. Rajesh is a globally recognized insurance and reinsurance executive and a seasoned C-suite leader, bringing over 36 years of regional and international experience to the position. Based…

Zurich-based catastrophe insurance data provider PERILS has provided for the first time insurance industry loss estimates from extratropical Storm Goretti, which affected southwestern England, northern France and Belgium on January 8-9, 2026, costing €467 million. PERILS estimates of insurance market losses from Storm Goretti, also known as Elli, are based on loss data collected from…

Independent insurance broker Lockton has announced the appointment of Renuka Nar as head of India life and health reinsurance. In her new role, Nar will lead the life and health reinsurance business in India, focusing on building long-term partnerships, driving customer value, driving market innovation and supporting the continued expansion of the company’s capabilities. She…

Bermuda-based insurance and reinsurance company Hamilton Insurance Group Ltd.’s net profit in 2025 was US$577 million, a year-on-year increase of 44%. Underwriting performance declined slightly but remained strong, with a combined ratio of 92.9%. The Bermuda re/insurer delivered strong results in 2025, with gross written premiums (GPW) increasing by $501 million year-on-year to $2.9 billion,…

Chubb, a large US insurance company, has promoted Scott Henck to group senior vice president (SVP) and chief actuary, effective April 1, 2026. He will report dually to Chubb Chairman and Chief Executive Officer (CEO) Evan G. Greenberg and Chubb Executive Vice President (EVP) and Chief Financial Officer (CFO) Peter Enns. Since 2019, Henck has…