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Cayman Islands-based reinsurer Greenlight Capital Re reported net profit of $74.8 million in 2025, up from $42.8 million in 2024, with gross premiums rising 11% to $773.3 million. Greenlight Re’s net premium income also rose 7% to $661.1 million in 2025, while net underwriting income expanded to $35.7 million, compared with an underwriting loss of…
Leading specialty insurer Beazley has reached an agreement to acquire US renewable energy MGA kWh Analytics, which will see the company join its MAP (Maritime, Accident and Political) risk team. kWh Analytics CEO Jason Kaminsky will report directly to MAP Risks group director Tim Turner and become a key part of the transition underwriting strategy,…
Fidelis Insurance Group completed its investment in Oak Global late last year, and the company confirmed on its recent 4Q25 earnings call that it has renewed its portfolio-wide partnership with Lloyd’s Reinsurance on January 1, 2026. In September 2025, OAK Re announced that it would change the group’s image to OAK Global, launch OAK Enterprise,…
The Insurance Regulatory and Development Authority of India (IRDAI) has issued registration certificates to new reinsurer Allianz Jio Reinsurance Limited and new general insurance company Kiwi General Insurance Limited. The approval was passed at the 134th meeting of the Authority on March 9, 2026, enabling the two companies to conduct business in accordance with the…
EDME Insurance Brokers, one of India’s largest insurance and reinsurance brokerages, has appointed Vinod Krishnan as global chief executive officer (CEO) of Treaty Reinsurance. In his new role, Krishnan will lead and expand the broker’s global treaty platform in Mumbai. Krishnan has 36 years of industry experience, 18 of which were with Aon Benfield, where…
Specialty Program Group (SPG), a specialty insurance distribution, underwriting and advisory business operator, announced the acquisition of Proper Insurance, a provider of insurance for short-term rental properties. Founded in 2014 and headquartered in Bozeman, Montana, Proper Insurance provides business insurance solutions as an alternative to standard homeowners or landlord policies. This specialized coverage is designed…
Global specialist broker Price Forbes has appointed Raimundo del RÃo as its new Chief Executive Officer (CEO) in Chile. In his new role, he will lead the Chilean operations alongside the existing local team, building on the strong foundation already in place. del RÃo is an industry veteran with more than 17 years of senior…
In a recent Digital Infrastructure News webinar hosted by global insurance broker and risk advisor Marsh, speakers discussed how the scale, concentration and complexity of modern data center projects are reshaping risk for insurers and reinsurers, while also creating significant opportunities for capital deployment. The discussion features Jeremy Goodman, chief client and growth officer for…
Descartes Underwriting, a specialist in corporate parametric re/insurance solutions for climate and emerging risks, has further expanded its Australian operations with the appointment of Will Cripps as Business Development Associate. Cripps joins the Sydney team, bringing expertise in the agricultural sector. In the past, he gained experience deploying IoT sensors in large-scale horticulture operations as…
Heritage Insurance Holdings reported a significant improvement in full-year profitability in 2025, with net profit more than tripling on strong underwriting results. The Florida-based property and casualty insurance company reported full-year net income of $195.6 million in 2025, a significant increase of 217.8% from $61.5 million in 2024, while total revenue for the year increased…