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Will Chen, a veteran with more than 30 years of professional insurance experience, has joined Westfield Specialty US as chief financial officer (CFO), reporting to Westfield Specialty President Jack Kuhn. In his new role, Chen will be responsible for U.S. financial strategy, including financial planning and analysis (FP&A) and related operational processes and controls. His…

Italian insurance giant Generali’s global corporate and commercial (GC&C) business unit has appointed Mario Glanz as its new head of casualty. In his new role, Galanz will focus on further expanding GC&C’s global casualty business in line with the insurance company’s “next phase plan.” Galanz has more than 20 years of industry experience in casualty…

Ategrity Specialty Insurance Company Holdings reported strong underwriting results for the fourth quarter of 2025, with underwriting revenue increasing 160.3% to $15.5 million from $5.9 million in the same period last year, and the combined ratio improving to 84.9% from 92.3% in the same period last year. The improvement in the combined ratio was driven…

Global insurance brokerage and risk management company Gallagher has announced two key leadership appointments for the Romero Group, which includes the Club Insure, NDML and Sentient brands. Jonathan Webb will join the Romero Group on February 23 as regional managing director, overseeing all aspects of the business and 200 employees across four locations. Webb brings…

International insurance company and reinsurance company QBE announced its full-year financial results for 2025. Net profit after tax was US$2.157 billion, and the combined operating ratio increased to 91.9%. Net profit after tax in fiscal year 2025 increased from $1.779 billion in fiscal year 2024. Adjusted net profit after tax rose to $2.132 billion, with…

PwC said asset-intensive reinsurance (AIR) is expanding globally, with activity remaining concentrated in the US, while dealmaking is strong in Asia Pacific, the UK and Europe. AIR refers to a reinsurance transaction for an insurance product (usually long-term life insurance and annuity products) in which both the assets and the insurance risk are transferred from…

Specialty insurer and reinsurer Convex’s gross written premiums (GWP) will grow 14% year-on-year to $5.9 billion by 2025, a three-year compound growth rate of 25%, with most business lines expanding despite the impact of the California wildfires and other major events and disasters. The company’s chief executive (CEO) Paul Brand described 2025 as a “milestone…

Property and casualty insurance holding company American Coast Insurance Company (ACIC) reported net income of $26.6 million in the fourth quarter of 2025, an increase of 437% from $4.9 million in the same period a year earlier. The company attributed the increase to lower losses and loss adjustment expenses (LAE) compared to Q4’24 when Hurricane…

Marsh Risk, the brokerage and risk advisory firm of Marsh, has launched Nimbus Casualty, a specialized insurance vehicle designed to provide excess general liability protection during the construction phase of digital infrastructure projects across the United States. Nimbus Casualty is designed to provide developers, owners and operators with significant financial protection, offering capacity up to…

Fairfax Financial revealed that by 2025, all its major insurance and reinsurance divisions will have a combined ratio of less than 100%, with a combined ratio of 93% and record underwriting profits of $1.8 billion. Fairfax Chairman and CEO Prem Watsa hailed 2025 as the strongest year in the company’s history, with net profit of…