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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…

JB Boda & Co., the overseas arm of international re/insurance brokerage JB Boda Group, announced the appointment of Rajesh Sinha as CEO and Managing Director of Asia Pacific. Rajesh is a globally recognized insurance and reinsurance executive and a seasoned C-suite leader, bringing over 36 years of regional and international experience to the position. Based…

Zurich-based catastrophe insurance data provider PERILS has provided for the first time insurance industry loss estimates from extratropical Storm Goretti, which affected southwestern England, northern France and Belgium on January 8-9, 2026, costing €467 million. PERILS estimates of insurance market losses from Storm Goretti, also known as Elli, are based on loss data collected from…

Independent insurance broker Lockton has announced the appointment of Renuka Nar as head of India life and health reinsurance. In her new role, Nar will lead the life and health reinsurance business in India, focusing on building long-term partnerships, driving customer value, driving market innovation and supporting the continued expansion of the company’s capabilities. She…