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Fitch Ratings expects the recent fire at Hong Kong’s Wang Fook Court to lead to a surge in near-term claims, but says these should be manageable and unlikely to affect the ratings of China Taiping Insurance Group Co. Ltd. (TPG, A-/Stable), whose Hong Kong unit underwrites the complex’s property and liability policies. The fire caused…

Property and casualty insurance company Skyward Specialty Insurance Group Inc. has received required regulatory and minority shareholder approvals to acquire 100% of Lloyds Specialty Insurance Company Apollo Group Holdings Limited. As announced in September 2025, the transaction is expected to close early in the first quarter of 2026, subject to final closing conditions. The insurance…

Ryan Specialty Underwriting Managers (RSUM), the underwriting management arm of Ryan Specialty, has officially renamed its North American Professional Liability (NAPL) team to Ryan Financial Lines. The capital increase is designed to significantly strengthen Ryan Financial Lines’ international portfolio and bring deep expertise in the US professional liability sector. Ryan Financial Lines is the managing…

Vienna Insurance Group, a multinational insurance company operating in Central and Eastern Europe, has set out its goals for the next three years as it launches its new strategic plan “evolve28”. The company has set detailed quantitative targets aimed at strengthening its regional leadership, growing premiums and profits and supporting the business priorities in each…

MSIG Europe SE, a recognized provider of property and marine insurance solutions in continental Europe, has announced upcoming changes to its senior underwriting team. Patrick Smolka, who previously served as one of the chief underwriting officers of MSIG Europe, will resign from his position on December 31, 2025 for personal reasons. Over the years, he…

CCRIF, a regional risk-sharing organization that provides parametric insurance to governments in the Caribbean and Central America, has launched the Livelihoods Protection Policy (LPP) in Jamaica as it continues to deal with the aftermath of Hurricane Melissa. The storm left thousands of low-income Jamaicans facing significant challenges in restarting their livelihoods, and CCRIF positioned LPP…

Specialty insurance provider American Modern Insurance Group, Inc., a division of Munich Re, has confirmed that Eric Hunziker has taken over as chief digital and operations officer (CDOO), replacing Paul Schneider, who will retire at the end of this year. Hunziker brings more than 30 years of leadership experience to the company and has served…

Losses from recent devastating fires in residential areas in Hong Kong may further impact the underwriting performance of the city’s property and casualty (P&C) insurance industry, according to a new review by S&P Global Ratings. Hong Kong’s property and casualty insurance industry’s net combined ratio is expected to rise from around 93% in 2024 to…

Credit rating agency AM Best has revised the outlook for Conduit Reinsurance Limited (Conduit Re) to stable from positive. The agency also affirmed Conduit Re’s financial strength rating of A- (Excellent) and long-term issuer credit rating of “a-” (Excellent). Conduit Re, headquartered in Bermuda, is a specialist pure-play reinsurance company that commenced operations in 2021…

Tiptree announced that its shareholders have approved the previously disclosed agreement for DB Insurance Co., Ltd. to acquire all outstanding shares of The Fortegra Group, Inc., a global specialty insurance company and subsidiary of Tiptree, at a special meeting of the company’s shareholders. DB Insurance originally announced in September 2025 that it would acquire 100%…