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VIG Re, the reinsurance arm of Vienna Insurance Group, announced solid full-year results for 2025, with pre-tax profit increasing 17.8% year-on-year to €49 million, reflecting rigorous underwriting, effective risk management and solid investment performance. The reinsurer’s gross written premiums increased by 1.3% to €995.6 million in FY25, while return on equity came to 10.2%. VIG…
International reinsurance and reinsurance brokerage United Insurance Brokers Limited (UIB) has announced the appointment of David Waller as Managing Director of its Marine Division. UIB emphasized that as a key member of UIB’s Marine Corps team, Waller played a key role in the department’s success and expansion. The executive will leverage his extensive industry experience…
Duck Creek Technologies, a provider of property and casualty (P&C) and general insurance software solutions, has launched Duck Creek Reinsurance with Active Delivery, a new solution designed to help insurers simplify project management and improve financial controls. The company explains that this “groundbreaking solution eliminates the need for costly upgrades and enables insurers to manage…
Liberty International Insurance, a division of Liberty Mutual Insurance Group, announced the completion of license consolidation in the Asia-Pacific region and simplified its branding to “Liberty” in key markets in the region. This transformation is an important milestone for the company’s Asia Pacific business. By merging its retail and commercial underwriting divisions in Singapore, Hong…
Asta, the third-party administrator of Lloyd’s of Davis, has announced a number of senior leadership promotions, including the promotion of David Hopkins to chief underwriting officer (CUO), who has been the company’s deputy CUO since August 2024. Hopkins has more than 25 years of insurance industry experience, including four years with Westfield Specialty International, most…
Millennial Shift Technologies (mShift), a digital insurance marketplace designed to simplify specialty insurance distribution, announced that BOXX Insurance is now live on the mShift Marketplace, enabling brokers to streamline access to BOXX cyber insurance solutions. The partnership allows brokers to quote, bundle and issue BOXX’s cyber insurance and protection products directly through the mShift platform,…
Global risk, retirement and health solutions provider Aon reports that temporary reinsurance is playing an increasingly important role in Asia Pacific as insurers look to support expansion while managing volatility. In its analysis of the April 2026 renewal period, insurance and reinsurance broker Aon highlighted a significant rise in usage in the first quarter, with…
Global reinsurer Swiss Re has announced the appointment of Suzanne Revell to succeed Adam Watkins as Head of Marine and Energy at P&C Re, effective June 1, 2026. In his new role in London, Revell will be responsible for Swiss Re’s global marine and energy portfolio, including its strategic direction, underwriting priorities and market representation,…
Insurance distribution company Baldwin Group has partnered with Innovative Captive Strategies to launch Azimuth Re, Ltd., a new member captive insurance group tailored for its construction clients. Baldwin explained that Azimuth is designed for “forward-looking” construction companies that pay $250,000 or more per year in workers’ compensation, general liability and auto insurance premiums. The program…
Parametrix, a provider of cloud monitoring, modeling and insurance services, has issued its third and largest cloud outage catastrophe bond, Cumulus Re III, attracting more investors than its predecessor and providing sponsor Hannover Re with $35 million in retrocession protection in 2026-27. The parametric bond, which our sister publication Artemis first reported on March 9,…