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The latest report released by Fitch Ratings shows that in 2025, the U.S. property/casualty insurance industry will achieve its strongest underwriting performance in two decades. Last year, the industry achieved its second consecutive year of underwriting profitability, marking the second consecutive year of profitability after underwriting losses in 2023 and 2024. “Adjusting for industry investment…
Fidelis Partnership, a specialist insurance group specializing in underwriting and investment management, has announced the appointment of Marcus Taylor as Head of Strategic Relationships. Taylor joins Aon from a reinsurance broker position in the global reinsurance division. He has over 25 years of experience in the reinsurance markets in the US, UK and Asia Pacific….
Reinsurers have outperformed since the outbreak of the Iran conflict, with the sector remaining resilient heading into the first quarter of 2026 despite currency headwinds and a more competitive pricing environment, RBC Capital Markets said. SCOR was reported to be the top performer on the back of improved capital generation prospects, while continuing to strengthen…
UK insurance services provider Jensten Group has restructured its executive leadership team and business into two clearly defined trading divisions: Brokerage and Product & Distribution. The insurer has created two new executive positions, Chief Executive Officer (CEO) Broking, which will be held by Gareth Birch, and Chief Executive Officer Product & Distribution, which will be…
Ki, the digital and algorithm-driven Lloyd’s tracking platform, has entered into a strategic partnership with specialist insurer Tokio Marine Kiln (TMK) to expand capacity. This makes TMK its fifth capacity partner, which will leverage Ki’s technology to provide centralized digital following capacity allocation in selected categories. The move enables brokers to access larger quotas across…
UK-based financial services and asset management company Legal & General (L&G) has announced the appointment of Nigel Drury as its new chief risk officer (CRO) for asset management, subject to regulatory approval. Drury will be responsible for leading and overseeing risk management within L&G Asset Management. He has over 30 years of risk experience with…
Agile Insurance Group, a managing general agent (MGA) providing underwriting and risk solutions in international markets, has confirmed a number of senior appointments within its underwriting leadership team as the company continues to grow its business in Australia and New Zealand. Mark Hunt, an active underwriter at Agile Underwriting Services Syndicate 2427 since its inception…
Morningstar DBRS said that while rising geopolitical tensions stemming from the Iran conflict are expected to drive increased cyber activity and strengthen demand for insurance protection, the weak market evidenced by slower cyber premium growth in recent years is likely to persist unless major cyber loss events materially reset expectations for future claims. A new…
Morningstar DBRS said that while rising geopolitical tensions stemming from the Iran conflict are expected to drive increased cyber activity and strengthen demand for insurance protection, the weak market evidenced by slower cyber premium growth in recent years is likely to persist unless major cyber loss events materially reset expectations for future claims. A new…
The Insurance Development Forum (IDF), a partnership between the insurance industry, governments and international organizations working to build resilience to natural disasters and climate-related risks, has appointed Maamoun Rajeh to its steering committee. Rajeh serves as President of Arch Capital Group Ltd., a global provider of insurance, reinsurance and mortgage insurance products. In this role,…