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The ongoing conflict in the Middle East will currently have a negligible direct impact on global reinsurer SCOR in terms of claims, with chief executive officer (CEO) Thierry Léger stressing that the reinsurance industry “can rise to such challenges”. SCOR’s CEO commented on the situation in the Middle East, speaking to the media after releasing…
Specialty MGA, a member of the MNK Group, is strengthening its specialty finance product line with the appointment of Davood Khalaghizadeh as Directors and Officers (D&O) Senior Underwriter. Khalaghizadeh has an extensive background with major global insurance companies and MGAs, including AIG, QBE and CV Starr, where he was responsible for D&O portfolios. He subsequently…
Specialist insurer Beazley posted full-year 2025 pre-tax profit of $1.15 billion, despite increased global volatility and a weak ratings environment, with an undiscounted combined ratio of 81%. While gains were slightly lower than in 2024, the group said the year highlighted an accelerating shift in global risk dynamics, from January’s catastrophic wildfires to ongoing geopolitical…
Guy Carpenter, reinsurance broker, risk advisor and Marsh Group member, has appointed Al Paas as head of European capital and advisory. In his new role, Paas will lead the brokerage’s expansion and strengthen its investment banking capabilities across the continent. Paas has extensive international experience in capital markets and M&A advisory, having worked in the…
Global reinsurer SCOR posted net profits of €208 million and $851 million in the fourth quarter and full year 2025, respectively, as the company’s property and casualty (P&C) business generated strong underlying results and stronger combined ratios in both periods. In fiscal 2025, SCOR’s insurance revenue fell 4.6% year-on-year to 15.4 billion euros, and fell…
Searchlight Capital Partners, LP, a global private investment firm, has completed the sale of Euclid Transactional, LLC, a managing general agent (MGA) specializing in transactional insurance underwriting and claims processing, to CRC Group, a North American wholesale specialty insurance distributor. In 2021, Searchlight completed its investment in Euclid Transactional, during which MGA expanded its geographic…
Insurer Tokio Marine Kiln (TMK) has strengthened its underwriting backbone by appointing George Leahy as underwriter in its liability division, where he will report directly to head of liability Oliver Delaney. Leahy has eight years of casualty underwriting experience. Prior to joining Sompo International, he focused on international casualty risk, particularly in the heavy industry…
USD.AI, a decentralized protocol for GPU-backed lending, has partnered with institutional risk transfer platform Barker to provide comprehensive value protection for all GPU-backed loans. Under the partnership, new GPU loans issued through the USD.AI protocol will receive independent, AI-driven valuations from Barker. These valuations are backed by Munich Re’s “aiSure” performance guarantee, which directly protects…
Credit ratings agency Moody’s reported that publicly traded U.S. life insurers posted solid but uneven operating profits in the fourth quarter of 2025 as the boost from rising interest rates faded and yields stabilized. While results were generally positive compared to the prior year, sequential results were weakened for some companies due to tighter spreads…
James River Group disclosed that it will return to profitability in 2025 due to improved underwriting performance, with net profit available to common shareholders of US$39.6 million, compared with a loss of US$118.3 million a year ago. The company’s gross written premiums (GWP) in 2025 will total $1.17 billion, down from $1.43 billion in 2024,…