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Sompo, a global commercial and consumer property, casualty and specialty re/insurance provider, has announced the appointment of Tim Mardon as President of Bermuda Reinsurance. In his new role, Mardon will lead operations and strategy for SompoRe’s Bermuda operations, further strengthening its presence in key regions. Mardon is a Bermuda-based reinsurance executive with 35 years of…
Consilium, a specialist re/insurance broker, has strengthened its international casualty business with the appointment of Henrietta Burgess as international casualty risk solutions partner. The move is designed to strengthen Consilium’s growing range of casualty insurance products, which currently operate in the UK and US markets. The company has built a significant product portfolio in North…
U.S. private flood insurance provider Neptune Flood has reached a major milestone, announcing that it has surpassed 300,000 policies in force and more than $400 million in in-force premiums. This achievement marks an important step toward expanding private flood insurance coverage and increasing the resilience of communities across the United States. Neptune’s continued growth reflects…
American Reinsurance Group announced a net profit of US$330 million in the first quarter of 2026, up from US$286 million in the same period last year, and consolidated net premiums increased 14.3% year-on-year to US$4.6 billion. RGA President and CEO Tony Cheng said the company is off to a strong start in 2026, with first-quarter…
Renew Risk, a specialist provider of renewable energy risk analysis and catastrophe modeling solutions, has announced the launch of its US SCS model, which the company says is the first modeling platform developed specifically to assess severe convective storm risks from US solar farms. Renew Risk said the model is designed to enhance the way…
At the final public meeting of the Federal Emergency Management Agency (FEMA) review committee yesterday, the panel voted to send a final report and recommendations to the President, emphasizing that greater private market participation is critical for U.S. flood insurance. The Council examined numerous areas for reform of FEMA, as well as the idea of…
Chicago-based insurance company CNA Financial Corporation reported financial results for the first quarter of 2026, with net income of $211 million, down from $274 million in the same period last year. Core revenue for the quarter was $225 million, compared with $281 million in the first quarter of 2025, driven by strong investment income and…
Reinsurance solutions provider Canada Life Reinsurance has promoted Eamon Loughnane to senior vice president (SVP), global markets head of property and casualty. Loughnane will initially lead the company’s property and casualty insurance global markets business in 2025, succeeding Gabriel Kelly, who retires after 33 years of dedicated service. Prior to this appointment, Loughnane successfully led…
American Coast Insurance Company (ACIC), a Florida-based property and casualty insurance holding company, reported a combined ratio of 66% in the first quarter of 2026, essentially unchanged from 65% in the first quarter of 2025. The insurer’s total gross written premiums fell $48.5 million, or 24.5%, from $197.9 million in Q1’26 to $149.4 million in…
Large major carrier Zurich Insurance Group has appointed Wayne Leow as head of commercial insurance in Malaysia, responsible for leading the commercial insurance function and driving growth across multiple business lines and distribution channels in Malaysia. Leow has over 17 years of industry experience, having held senior positions at Chubb, Aon and MSIG Insurance. Most…