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Elitium, a new general agent incubated by Mission, has been launched to provide commercial comprehensive insurance for selected industries within the manufacturing industry, as well as property insurance for vacant residential and commercial properties that are well maintained. The company explains that the strategy employed by Elitium is rooted in traditional, expert-led underwriting. This approach…
Berkshire Hathaway Specialty Insurance (BHSI), Berkshire Hathaway’s provider of commercial property, casualty and specialty insurance, has appointed Rory O’Broin as global head of transaction liability. In this role, O’Broin will be responsible for overseeing BHSI’s transaction liability operations globally. He has extensive international experience in M&A related transaction liability, contingency and tax liability insurance, and…
Global reinsurer SCOR has promoted Sofia Kyriakopoulou to group chief technology, data and artificial intelligence (AI) officer, effective March 1, 2026. In her new role, she will develop a comprehensive technology, data and artificial intelligence strategy based on the company’s next strategic plan, building on existing strategy, foundation and organization. Kyriakopoulou joined SCOR in 2024…
Cyber ​​insurance and security company Coalition has released findings from its 2026 Cyber ​​Claims Report, showing a significant increase in initial ransomware demand in 2025, with a 47% year-over-year increase. Despite a sharp rise in threat actor demands, the Alliance’s data shows that 86% of affected businesses have refused to pay the ransom, a record…
Global insurance and reinsurance brokerage Howden has appointed Emily Almond as divisional chief executive officer (CEO) and Sebastiano Doria as chairman of global financial sponsorship business. The team will work alongside Howden’s existing global expertise, including its Capital, Advisory and Placement (CAP) team. The pair will be responsible for establishing and managing how Howden serves…
Oman Re, the first and only reinsurer in the Sultanate, reported full-year reinsurance revenue of 54.3 million Omani riyals ($141.2 million) in 2025, up 9% from 49.9 million Omani riyals ($129.8 million) in 2024, and net profit after tax increased 54% to 4.6 million Omani riyals ($12.1 million). Notably, Oman Re’s net reinsurance performance increased…
European savings and retirement services group Athora has secured €3.5 billion in common equity commitments from a broad range of investors, with the bulk of the proceeds expected to be used to fund the acquisition of Pensions Insurance Group (PICG), as well as remaining equity commitments in Athora’s 2022 financing. Athora said it had today…
Investment banking and financial services firm Goldman Sachs has released an analysis report exploring how artificial intelligence will impact the property and casualty (P&C) insurance industry. Goldman Sachs said in the report that it has developed “a preliminary framework for assessing the impact of artificial intelligence on property and casualty insurance stocks.” The company said…
Global insurer Liberty Mutual Group updated its property catastrophe reinsurance program on January 1, 2026, renewing $2.75 billion in occurrence limits that ensure more than $1 billion in retention, as well as $500 million in tail total coverage and $100 million in total protection “closer to income volatility protection.” In 2026, core North American real…
Insurers are reassessing their willingness to underwrite as tensions in the Middle East disrupt shipping lanes and threaten supply chains, but ships traveling through the Persian Gulf and Red Sea can still obtain war risk insurance, the International Union of Marine Insurance (IUMI) said. The marine insurance agency said war insurance will continue to be…