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Kevin Rethual has been appointed CEO of Re Retakaful in Munich, effective June 1, 2026. In his new role, Rethual will be based in Malaysia and report to Owais Ansari, Munich Re’s head of reinsurance for the MEA region. He succeeds Serena Thio, who played a key role in shaping Munich Re Insurance by strengthening…
The global reinsurance industry performed well in 2025, with profitability and capital reaching unprecedented levels, according to Gallagher Re’s full-year reinsurance market report. Total specialized reinsurance capital rose to a record $648 billion, up 11% from 2024 and the second strongest year for capital growth in more than a decade. According to Gallagher Re, the…
IRB(Re) started 2026 with strong underwriting performance and improved profitability metrics despite lower net profit. The Brazilian reinsurer reported underwriting results of BRL 180 million in the first quarter of 2026, a 74% increase from the same period last year, reflecting strong underwriting discipline and improved portfolio performance. This helped reduce the combined ratio to…
The Wall Street Journal reports that Berkshire Hathaway has identified Charlie Shamieh as a possible successor to Ajit Jain, vice chairman of the group’s insurance business. The Wall Street Journal cited people familiar with the matter as saying that the timing of the transition is still uncertain and that Shamiyeh is expected to take over…
ALIRT Insurance Research, an independent provider of analytical research on the insurance industry, reports that the U.S. frontier insurance market is transitioning to a more mature and regulated stage, an observation that is part of its Frontier Insurance Company Update (April 2026). The U.S. front-loading model, in which an insurance company issues a policy and…
Fairfax Financial Holdings Ltd. reported financial results for the first quarter of 2026, with net profit of $695.7 million, compared with $945.7 million in the same period last year. The company’s property and casualty (P&C) insurance and reinsurance business had adjusted operating income of $1,213.4 million, a significant increase from $685.5 million in the first…
Global reinsurance brokerage and risk advisory firm Gallagher Re has announced the appointment of Liu Jun as head of China’s Ministry of Agriculture, in addition to his current role as deputy head of the Beijing team. The executive joined Gallagher Re from Datong Insurance in 2025 as deputy director of the reinsurance department in Beijing….
American multinational conglomerate holding company Berkshire Hathaway reported that in the first quarter of 2026, net underwriting income from its insurance and reinsurance business increased by US$1.717 billion, an increase of approximately 29% from the previous year. There was no major catastrophe loss impact during the quarter, with no major catastrophe events (in excess of…
Artificial intelligence (AI) has advanced faster than expected over the past nine months, said AIG Chairman and CEO Peter Zaffino, who outlined the company’s next phase of AI deployment focused on developing multi-agent solutions with an orchestration layer that coordinates specialized AI agents. During AIG’s first-quarter 2026 earnings call, Zaffino emphasized the potential of artificial…
Consulting, brokerage and solutions firm Willis has launched Merger Protect, a specialized insurance product designed to help organizations manage the financial impact of US antitrust regulatory scrutiny during mergers and acquisitions. The firm is launching the product as part of its wider transaction risk suite, designed to address the evolving challenges in the M&A space….