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The Insurance Development Forum (IDF) has appointed Alexander De Croo, Administrator of the United Nations Development Program (UNDP), and Tsutomu Yamamoto, Managing Director of the World Bank Group’s Multilateral Investment Guarantee Agency (MIGA), as Public Sector Co-Chairs of the Steering Committee. De Croo and Yamamoto succeed Achim Steiner and Hiroshi Matano respectively. In their new…

As disaster risks grow faster than societies can adapt and protection gaps widen, well-designed public-private insurance programs (PPIPs) combined with national disaster resilience strategies can enhance risk reduction, a recent report by the Geneva Association notes. The report highlights that natural and man-made disasters are becoming more frequent, more costly and more difficult to deal…

Bermuda-based international specialist reinsurer Compre has appointed David Atkins to the newly created role of deputy chief executive, based in London. Compre said the appointment will strengthen the company’s leadership capabilities to handle greater scale and complexity, while ensuring rigorous execution and clear accountability. Atkins will reportedly oversee key functions of the group, including operations,…

Zambia-based reinsurer Klapton Reinsurance announced that it has obtained regulatory permission to underwrite reinsurance business in China. This marks the company’s entry into one of the most complex and competitive insurance markets in the world. Klapton Re said: “China is a market that values ​​the principles of credibility, discipline, speed and long-term relationships that are…

Property and casualty insurance holding company Kingstone Companies, Inc. reported the strongest quarterly and annual results in the company’s history, with diluted net income per share increasing 145-158% to $0.98-1.03 for the quarter and 89-95% for the full year of 2025 to $2.80-2.88. In its preliminary results, the insurer reported that direct premiums rose 14%…

Malaysia-based reinsurer Mandarin Re has increased its paid-up share capital from US$20 million to US$23.5 million, reflecting strong financial growth and strengthening its ability to support customers and partners in Asia, Latin America, Europe and Africa. The capital increase further strengthens Mandarin Re’s underwriting capabilities, allowing the company to take on more complex risks while…

Liberty Mutual Insurance Group’s newly integrated Singapore business Liberty has appointed Jimmy Tong as Chief Executive Officer (CEO), effective April 27, 2026. Liberty previously operated in Singapore through Liberty Insurance and Liberty Specialty Markets, which merged into a single insurance license on January 1, 2026, with Liberty Insurance transferring its general insurance portfolio to Liberty…

American Reinsurance Group (RGA) disclosed that shareholder net profit for the full year of 2025 was US$1.182 billion, up from US$717 million in 2024. Full-year 2025 adjusted operating income also rose, reaching $1.518 billion, compared with $1.342 billion in 2024. Meanwhile, RGA’s net premiums totaled $17.2 billion in 2025, down 3.4% from 2024, with a…

Global independent insurance and reinsurance group MNK Group has announced the appointment of Matthew De Jesus as chief strategy and development officer. In his new role, De Jesus will be responsible for leading MNK’s group strategy and global M&A, translating its growth ambitions into viable agreements and strategic initiatives. He will also work with other…

Credit rating agency Fitch Ratings expects Winter Storm Fern to cause $4 billion to $7 billion in insured losses, with major insurers ready to absorb the event, but Fitch noted the event is not large enough to reinsure for additional points. In late January 2026, ferns caused subzero temperatures, heavy snow, and freezing rain, affecting…