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Mapfre Re, the reinsurance and global risk arm of Madrid-based insurance company Mapfre, reported first-quarter 2026 net profit of €85 million, a year-on-year increase of 76.8%, with the combined ratio improving to 96.8%. Mapfre Re attributed the improved performance to prudent management and a reduction in the impact of catastrophic events. Looking at the net…

Insurance holding company WR Berkley Corporation has appointed R. Christopher DeLauder as president of Berkley Environmental, effective immediately. In his new role, DeLauder succeeds Kenneth J. Berger, who was named chairman of the company. Additionally, Berger will support the Berkley Environmental team through the transition and continue to be a key member of WR Berkley…

Bermuda-based insurer and reinsurer Arch Capital Group Ltd. reported underwriting revenue increased 74.6% year-over-year to $728 million in the first quarter of 2026, compared with $417 million in the first quarter of 2025. This was driven by strong growth in underwriting performance in the Insurance and Reinsurance segment. The reinsurance/insurance company’s group-wide combined ratio improved…

Marsh Risk, the insurance brokerage arm of Marsh, announced the launch of Risk Companion, a new set of artificial intelligence-driven analytics tools designed to help clients more effectively manage their unique risks. The platform leverages a proprietary artificial intelligence engine to integrate Marsh’s global risk data sets with advanced actuarial models and deep subject matter…

Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe)’s underwriting profit in the first quarter of 2026 was US$588.8 million, a significant improvement from the US$770.6 million loss in the previous year, and gross written premiums (GPW) fell approximately 17% year-on-year to US$3.5 billion. RenRe is off to a strong start in 2026, with solid contributions from all…

Tryg, a Nordic insurance company operating in Denmark, Sweden and Norway, has commented on the Danish Supreme Court’s ruling on workers’ compensation in Denmark, which has implications for the wider insurance industry as well as Danish state and municipal authorities. Tryg, together with the Danish Insurance Association, said the Danish government should bear responsibility for…

Credit rating agency S&P Global Ratings has affirmed the long-term issuer credit and financial strength rating of ‘AA-‘ for Islamic Investment and Export Credit Insurance Corporation (ICIEC), a Shariah-based multilateral insurance company and a member of the Islamic Development Bank Group. The outlook for these ratings is stable, with ICIEC retaining its position as the…

Novatae Risk Group (Novatae), the wholesale insurance arm of World Insurance Associates (World), has named J. Clay Kadlic vice president (VP) of strategic partnerships. The company provides wholesale insurance solutions, working with retail brokers to place specialized risks and connect them to the carrier market. Novatae Risk Group said Kadlic will oversee the development and…

Cincinnati Financial Corporation, a major U.S. insurance company, announced financial results for the first quarter of 2026, with a net profit of $274 million, compared with a net loss of $90 million in the first quarter of 2025. The insurer explained that this follows the recognition of an $82 million decrease in the fair value…

Dan Malloy, a veteran insurance and reinsurance executive and former CEO of United Risk, SiriusPoint and Third Point Re, joins specialist MGA Banyan Risk on 1 May 2026 as executive managing director. Malloy brings four decades of industry experience, including senior management and leadership roles at various brokers, insurers and reinsurers, and joins Banyan Risk…