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International specialist reinsurer Compre has entered into a new in-the-money adverse development insurance (ADC) deal with a European reinsurer. The agreement covers a diversified portfolio of liabilities across Europe, with net reserves of approximately £250 million. The portfolio includes automotive, engineering and liability businesses and covers hypothetical reinsurance underwriting years from 2018 to 2024. This…
Berkshire Hathaway has entered into a comprehensive strategic partnership with Tokio Marine Holdings (TMHD), under which its reinsurance business National Indemnity Corporation (NICO) will acquire a 2.5% stake in the Japanese insurance company. It is reported that the new transaction includes the following three key elements: strategic equity investment in TMHD, cooperation in reinsurance, and…
Bermuda-based reinsurer PartnerRe reported a net profit of $2.1 billion in FY25 (FY25), a significant increase from $1.44 billion in FY24, with underwriting profit of $364 million in non-life insurance and net distributed underwriting profit of $184 million in life and health insurance. The reinsurer’s gross written premiums (GWP) fell slightly to $9.16 billion in…
LIMRA, a research and consulting organization that supports the insurance and financial services industry, reports that new annualized premiums for U.S. individual life insurance will climb to more than $17.5 billion in 2025, setting a new industry high. According to LIMRA’s individual life insurance sales survey, total new premiums increased 10% from the previous year,…
Global insurance company QBE has announced the appointment of Reuben Lee as Head of Asia Trading Responsibility, effective March 19, 2026. In this newly created role, Lee will provide strategic guidance for portfolio underwriting in Asia, with a focus on growth and risk management in the mergers and acquisitions (M&A) insurance space. He is based…
International General Insurance Holdings Inc. (IGI), a specialty commercial insurer and reinsurer, has appointed Thomas A. Collett to its Board of Directors and to its Compensation Committee, effective March 19, 2026. In addition, David D. Anthony, who has served as a director of the Board of Directors, Chairman of the Compensation Committee and a member…
Insurtech Intelligence AI has partnered with property and casualty insurance platform Guidewire to deliver high-resolution property risk data directly to insurance companies. The partnership will also enable insurers to reconstruct cost data directly within Guidewire InsuranceSuite workflows. Intelligent AI was originally launched through Lloyd’s Laboratory and is considered the Guidewire Insurtech Vanguard, providing “best-in-class” COPE…
Global property and casualty insurer Chubb, recently announced as the lead underwriter of US International Development Finance Corporation’s (DFC) US$20 billion Gulf marine reinsurance program, has now outlined the structure and scope of the facility. On March 9, DFC and the US Treasury Department announced plans to deploy marine reinsurance (including war risk) in the…
Balavant Insurance Group, a specialist insurance solutions provider, has launched Sentric Specialty, a new project manager (PA) built on its platform to provide specialized solutions for risks in the manufacturing, crisis management and professional liability sectors. According to the insurer, the launch brings coverage for product recalls for the first time, including manufacturer errors and…
Specialty insurer Tokio Marine Kiln (TMK) has further expanded its aerospace division with the appointment of Cameron Glover as underwriter. In his new role, Glover will focus on writing about airport and product liability risks. Prior to joining TMK, he served as a senior underwriter within AIG’s manufacturers and airports teams. The insurer said his…