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Insurance broking, risk management and advisory firm Gallagher has appointed Adam Stafford as chief operating officer (COO) of its specialist division, expanding its London market operational expertise. The appointment is effective from September 2026. In his new role, Stafford will report to Gallagher Specialty CEO Sarah Lyons and will be part of the broker’s operational…

Tokio Marine Holdings announced its full-year results for fiscal 2025. International business profits increased by 9.5% year-on-year (excluding currency effects), from 428.4 billion yen to 473.9 billion yen. Despite the year-on-year increase, the final figure was 50.1 billion yen lower than the February forecast. The decline was primarily due to an increase in provisioning provisions…

Patriot Select, a U.S. property and casualty insurance company, has confirmed the successful completion of its 2026 catastrophe reinsurance program, which will be effective June 1, 2026. The arrangement is designed to provide financial protection against hurricane losses and severe weather events while maintaining and exceeding the expectations of Florida regulatory standards and rating agencies….

Global investment platform BlueFive Capital has signed a binding share subscription agreement with Gulf General Cooperative Insurance Company (GGI), a company listed on the Saudi Arabian Stock Exchange. This strategic move aims to restructure GGI’s share capital to strengthen its financial position, starting with the cancellation of 176 million Saudi riyals of share capital, increasing…

New research released by Cotality, a global provider of real estate information, analytics and technology data solutions, shows that New York has the highest concentration of homes at risk related to hurricanes in the United States. Cotality estimated in its 2026 Hurricane Risk Report that more than 3.27 million New York households face moderate or…

Global professional services company Aon plc has announced the appointment of Masahito Hirai as Chief Executive Officer of its Japan operations, effective June 30, 2026. Hirai will oversee the company’s business strategy in Japan and be responsible for growth plans and customer service delivery across the market. He will report to Qin Lu, head of…

Corporate and professional insurance company HDI Global disclosed its first quarter 2026 results. Net profit increased by 8% to 152 million euros, and the combined ratio increased to 91%, in line with expectations for the full year to be below 92%. HDI Global said the key drivers behind these results were disciplined underwriting, good large…

Coterie Insurance, a technology-enabled, data-driven general agent (MGA) specializing in property and casualty (P&C) commercial insurance for small businesses, has appointed Brett Saternus, FCAS, as its new chief underwriting officer (CUO). Saternus has over 15 years of underwriting and insurance leadership experience across specialty insurers, insurtech MGAs and commercial insurers. During his career, he held…

Sompo International Holdings Ltd., a specialty property, casualty and specialty re/insurance provider, reported full-year 2025 adjusted profit of $1.7 billion, up 69% from $1.0 billion in fiscal 2024, while its discounted combined ratio (CoR) improved to 82.1% from 90.6%. The company said the improvement in CoR was driven by lower loss ratios, lower than normal…

The Texas Windstorm Insurance Association (TWIA) expects to secure the full $1.23 billion in new reinsurance it needs to cover the largest possible loss in a 50-year event in the legacy market, with Gallagher Re’s Allen Cashin confirming yesterday that the program is now fully committed and will be signed within the next 24/48 hours,…