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Global reinsurer Munich Re produced a lower net result of €1.742 billion for the third quarter of 2026 and a higher result of €5.667 billion for the first nine months of the year, driven by a strong operating performance across all business segments and below-average major losses in P&C reinsurance. Munich Re announced preliminary results…
The UK economy grew at its fastest rate for more than two years over the 12 months to September, according to new figures. A 0.7% expansion was also recorded between just July and September, all of which was described as “welcome news” by Andy Burnham. “Despite a year where events around the world have pushed…
Spanish multinational insurance company Mapfre has raised €1 billion through two bond issuances as part of its financing arrangements for the acquisition of US insurer Safety Insurance Group. The company reported that the offerings generated combined investor orders of more than €5.7 billion, significantly exceeding the value of the securities available. The financing package comprises…
Arcadian Risk Capital, a Bermuda-headquartered managing general agent (MGA), has announced the appointment of Michael Saitta as Global Head of Tax and Representations & Warranties (TRW) Insurance. Based in New York, Saitta will lead the strategic expansion, underwriting operations and portfolio management of Arcadian’s global TRW business. He brings extensive experience spanning Big Four tax…
For us normies, Christmas is more music-filled than any other time of year. But for folks who live and breathe music, it’s like any other day – just more annoying. If you have that special someone in your life who’s always citing facts about music, Christmas day could be the perfect opportunity to deliver them…
David Cameron has been criticised after saying the UK should not rejoin the European Union. The former Conservative prime minister – who was forced to quit following the 2016 Brexit referendum – said the government should instead focus on being “the best friend, best neighbour, best partner” to Brussels. Andy Burnham has spoken extensively about…
American Integrity Insurance Group, Inc., a Tampa-based property and casualty insurance holding company, has reported net income of $28.4 million for the third quarter of 2026, up 115.4% from $13.2 million in the same period a year earlier. During the quarter, gross premiums written grew 22.7% to $293.3 million from $239.1 million in Q3 2025,…
MSIG USA, a specialist insurance provider operating in the United States and part of the international MS&AD Insurance Group, has named Andrew Pateyuk as its new Head of Retail and Wholesale Property. The appointment forms part of the insurer’s plans to develop its property underwriting business and expand its presence in the US specialty insurance…
James River has announced its financial results for the third quarter of 2026, reporting a net loss available to common shareholders of $189.4 million, which included a non-cash goodwill impairment of $181.8 million. The goodwill was added to the balance sheet when James River was acquired by an investor group in 2007, rather than as…
The stars of Rivals have addressed the major change the TV adaptation made from its bonkbusting source material. Earlier this year, fans were up in arms when part one Rivals’ second season ended with the sudden death of Tony Baddingham’s wife, Monica, played by Claire Rushbrook. In Dame Jilly Cooper’s original Rivals book series, Monica…