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Ecuador has signed its first parametric agricultural insurance policy, benefiting up to 10,000 smallholder farming families growing rice and corn against extreme rainfall and drought risks, marking a major milestone in the Tripartite Agreement program, a public-private partnership between the Insurance Development Forum (IDF), the United Nations Development Program (UNDP) and the German Federal Ministry…

International credit rating agency and financial research provider Moody’s Investors Service has highlighted that eight leading Nordic property and casualty (P&C) insurers reported excellent underwriting performance in 2025. The industry’s average combined ratio, which represents claims and operating costs as a proportion of insurance revenue, fell to a record low of 84.8% from 89.5% in…

Jointly AI, a UK insurtech company focused on automated brokerage, announced the launch of Jointly AI Broker, an end-to-end autonomous artificial intelligence platform developed for UK personal insurance brokers. The company describes the product as a fully operational brokerage system rather than a conversational assistant. Rather than simply providing a chat response or directing customers…

Global advisory, brokerage and solutions firm WTW has announced the appointment of George Lewkowicz as global proposition leader for P&C Capital Modeling within its insurance advisory and technology business. Based in London, Lewkowicz will lead WTW’s global property and casualty capital modeling and reinsurance pricing solutions, driving innovation, business development and customized products to help…

Everest Group, the Bermuda-based insurance and reinsurance company, has promoted Tomi Latva-Kiskola to CEO of Global Wholesale and Specialties, Asia Pacific (APAC). Latva-Kiskola has held a senior leadership role in Asia Pacific at Everest since February 2024. He initially joined as head of insurance operations in Asia and was later appointed CEO of Everest International…

Insurance Capital Markets Research (ICMR) expects the Lloyd’s market to post a combined ratio below 90% in its upcoming 2025 results, based on results reported to date by 17 of the 27 RISX index constituents. In a new report, ICMR described the expected underwriting results as “exceptional”, adding that returns on capital are likely to…

PartnerRe’s current Asia Pacific (APAC) Chief Executive Officer (CEO) James Beedle has been appointed as the new Chairman of the Singapore Reinsurance Association (SRA). In November 2024, Beedle will succeed Marc Haushofer as Vice Chairman. In his new role, Beedle will focus on collaboration and continue to establish the SRA as a platform for engagement,…

Specialty MGA, a managing general agency (MGA) part of the MNK Group, has strengthened its professional underwriting capabilities with the appointment of Neil Tayler as senior underwriter. The appointment is in line with MNK Group’s wider growth strategy and commitment to drive innovation, secure new capacity and deliver an enhanced broker proposition in niche and…

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…