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The Texas Windstorm Insurance Association (TWIA) expects to secure the full $1.23 billion in new reinsurance it needs to cover the largest possible loss in a 50-year event in the legacy market, with Gallagher Re’s Allen Cashin confirming yesterday that the program is now fully committed and will be signed within the next 24/48 hours,…
MS Amlin, a global reinsurance company owned by MS&AD Holdings, reported an insurance services profit of £307 million in FY25, a year-on-year increase of £92 million from £215 million in FY24. The reinsurer reported profit growth of 79.9%, or £119 million, to £268 million in 2025, compared with £149 million in 2024. Meanwhile, net written…
International credit ratings and research agency Fitch Ratings said Europe’s four largest reinsurers posted strong earnings performance in the first quarter of 2026, although overall revenue growth fell as market conditions turned unfavorable. Fitch Ratings said in its latest assessment that Munich Re, Swiss Re, Hannover Re and SCOR SE will have an average annualized…
Swiss-based global reinsurer MS Reinsurance revealed that 2025 was another strong year for the company, with net profit after tax reaching US$415 million, up from US$346 million in 2024. MSI, a core part of Japanese insurance giant MS&AD Group, said the strong net profit figure to 2025 was driven by strong positive contributions from underwriting…
Bermuda-based carrier Mereo Insurance Limited (Mereo) expands into excess casualty insurance by acquiring Everen Specialty Ltd.’s (ESL) excess casualty energy portfolio renewal rights ESL is a member of the Everen Group, a Bermuda-based global insurance company in the energy markets. Under the terms of the deal, Mereo will become the insurer for new and renewal…
HDI Global, the corporate and specialty insurance arm of Germany’s Talanx Group, announced the appointment of Thomas Kropp as Chief Operating Officer/Chief Information Officer, succeeding Dr. Thomas Kuhnt. According to the announcement, Dr. Kuhnt, at his own request and subject to a joint agreement, will resign from the Executive Board on June 30, 2026 in…
The Australian Reinsurance Pool Corporation (ARPC), the government agency that manages Australia’s terrorism and cyclone reinsurance arrangements, has released its latest premium review, reporting continued improvements in insurance affordability and access in areas with the highest hurricane risk. According to ARPC, average homeowners insurance premiums in areas with the highest hurricane risk have fallen 37%…
Marsh, a global company specializing in insurance broking and risk management, has announced the appointment of Helen Haggie as Marsh Risk UK Chief Claims Officer, effective July 20, 2026. In his new role, Haggie will have overall responsibility for delivering excellent service to Marsh Risk’s UK clients throughout the claims process. She will leverage Marsh’s…
ANV Group Holdings Ltd., the independent global insurance intermediary platform, has launched ANV LaunchPad, a new incubator platform designed to help experienced underwriting teams build and grow specialist MGA businesses. The company says ANV LaunchPad is designed to provide comprehensive support throughout the launch of a new MGA. ANV Group said the platform provides assistance…
Chedid Insurance Brokers Network, a fully integrated brokerage network part of Chedid Capital Group, has announced the appointment of Jad Kanbar as regional chief executive officer (CEO). With more than two decades of insurance and reinsurance industry expertise, Kanbar brings a proven track record of business development, operational leadership and market expansion across the MEA…