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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…

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

In addition to its full-year 2025 results, QBE also provided an update on reinsurance renewals on January 1, 2026, with further reductions in retentions at its major catastrophe reinsurance towers amid favorable market conditions. QBE chief financial officer Chris Killourhy said his company had achieved another strong and sustainable reinsurance result during the renewal process,…

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, will acquire the global trade credit and guarantee business of Australian insurer QBE, subject to regulatory approval, which is expected to take several months. The business unit acquired by Swiss Re operates in Australia, New Zealand and the United Kingdom, and the…

Ratings of insurers and reinsurers in Europe, the Middle East and Africa (EMEA) will improve in 2025, according to a new report from AM Best, a credit rating agency specializing in the insurance industry. The findings are published in the report “Europe, Middle East and Africa Rating Benchmarks – Improving credit quality, but common themes…