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Swiss-based global reinsurer MS Reinsurance revealed that 2025 was another strong year for the company, with net profit after tax reaching US$415 million, up from US$346 million in 2024. MSI, a core part of Japanese insurance giant MS&AD Group, said the strong net profit figure to 2025 was driven by strong positive contributions from underwriting…
Bermuda-based carrier Mereo Insurance Limited (Mereo) expands into excess casualty insurance by acquiring Everen Specialty Ltd.’s (ESL) excess casualty energy portfolio renewal rights ESL is a member of the Everen Group, a Bermuda-based global insurance company in the energy markets. Under the terms of the deal, Mereo will become the insurer for new and renewal…
HDI Global, the corporate and specialty insurance arm of Germany’s Talanx Group, announced the appointment of Thomas Kropp as Chief Operating Officer/Chief Information Officer, succeeding Dr. Thomas Kuhnt. According to the announcement, Dr. Kuhnt, at his own request and subject to a joint agreement, will resign from the Executive Board on June 30, 2026 in…
The Australian Reinsurance Pool Corporation (ARPC), the government agency that manages Australia’s terrorism and cyclone reinsurance arrangements, has released its latest premium review, reporting continued improvements in insurance affordability and access in areas with the highest hurricane risk. According to ARPC, average homeowners insurance premiums in areas with the highest hurricane risk have fallen 37%…
Marsh, a global company specializing in insurance broking and risk management, has announced the appointment of Helen Haggie as Marsh Risk UK Chief Claims Officer, effective July 20, 2026. In his new role, Haggie will have overall responsibility for delivering excellent service to Marsh Risk’s UK clients throughout the claims process. She will leverage Marsh’s…
ANV Group Holdings Ltd., the independent global insurance intermediary platform, has launched ANV LaunchPad, a new incubator platform designed to help experienced underwriting teams build and grow specialist MGA businesses. The company says ANV LaunchPad is designed to provide comprehensive support throughout the launch of a new MGA. ANV Group said the platform provides assistance…
Chedid Insurance Brokers Network, a fully integrated brokerage network part of Chedid Capital Group, has announced the appointment of Jad Kanbar as regional chief executive officer (CEO). With more than two decades of insurance and reinsurance industry expertise, Kanbar brings a proven track record of business development, operational leadership and market expansion across the MEA…
Technology-based insurance group Hippo announced the closing of Mountain Re Ltd. (Series 2026-1), a $100 million catastrophe bond that provided multi-year collateralized reinsurance protection against a variety of risks in the United States. The offering was sponsored by Spinnaker Insurance Company, a wholly-owned subsidiary of Hippo, and consisted of $100 million in Class A notes….
The Reinsurance Association of America (RAA), the U.S. property and casualty reinsurance industry association, has appointed Susan Donegan as senior vice president (SVP) and head of country relations, effective June 1, 2026. Donegan is an industry veteran who most recently served as chief regulatory officer for the National Council for Compensation Insurance (NCCI), where he…
Malaysian investment holding company MNRB Holdings Berhad announced the signing of a conditional share purchase agreement to acquire the remaining 80% equity interest in Labuan Reinsurance (L) Ltd for approximately US$100.69 million in cash. Currently, Labuan Reinsurance is an associate company of Malaysia Reinsurance Berhad, a wholly-owned subsidiary of MNRB, holding a 20% stake. Upon…