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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…
Huntington Advisory, a global strategic advisory firm focused on financial institutions, announces the appointment of Alexander Ankel as senior advisor based in Düsseldorf. The appointment accelerates the company’s European expansion strategy. As the German re/insurance industry faces the complexities of regulatory change, lower yields, digital transformation and major consolidation, Ankel’s local knowledge and global perspective…
Research from Evident, a London-based provider of artificial intelligence intelligence and analytics for the insurance industry, shows that AI deployment in the global insurance industry has increased by 87% year-on-year. Evident reports that insurance companies are increasingly deploying generative artificial intelligence (GenAI) and agent technology in core operations. According to data from Evident, 28 new…
Jio Financial Services Limited has subscribed and been allotted 14,74,50,000 equity shares worth Rs 10 each in its joint venture Allianz Jio Reinsurance Limited, according to a filing with the National Stock Exchange of India Limited (NSE). With the latest investment, Jio Financial’s total investment in the previously announced joint venture now reaches Rs 150…
Specialist insurance provider Westfield Specialty International has strengthened its maritime business with the appointment of Abigail Piper as deputy class underwriter in its maritime liability department. Piper will be based in London and report directly to Simon Engelen, group underwriter of marine liability insurance. The appointment is the latest in a series of hires at…
Global insurance company QBE has announced the appointment of Melody Lyndon-Stanford as head of client engagement, effective June 2026. In this newly created role, Lyndon-Stanford will be based in London and report to Matt Lacy, Director of Client Proposals for QBE Europe. She will develop QBE’s customer engagement strategy across industries, geographies and customer segments,…