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Global insurance company Allianz reported a record operating profit of 4.5 billion euros in the first quarter of 2026, an increase of 6.6% from 4.2 billion euros in the first quarter of 2025. Total business volume in the quarter fell slightly from 54 billion euros to 53 billion euros. In the first quarter, the insurer’s…
Professional services and risk advisory firm Aon has appointed Jason Warmbir, Petra Stojilova and Matt Danielak to its global cyber team to further strengthen its cyber risk advisory capabilities. The appointments are part of Aon’s ongoing focus on supporting clients as cyber threats become more advanced and more connected to wider business operations. Warmbir, Stojilova…
International specialist re/insurance managing general agent (MGA) Rokstone has announced the launch of Rokstone Healthcare, a new division focused on the global healthcare market. The platform will target large exposures in the U.S. mid-market and allied health, social services and outpatient facilities (excluding hospitals). It will offer multi-line coverage covering professional, general and sexual abuse…
Antares, a subsidiary of QIC Global, announced the promotion of Sri Ram Pappu to deputy chief executive officer (CEO). In his new role, Sri will support Antares Underwriting Asia Pte Limited CEO Li Shan Yeo in driving the company’s continued growth. He has over twenty years of industry experience, with expertise spanning all sub-categories of…
HDI Global, the corporate and specialty insurance arm of Germany’s Talanx Group, has entered into a strategic partnership with mea Platform, an insurance-focused AI technology provider, to enhance AI-driven input management across its global underwriting and claims functions. Under the agreement, HDI Global will use mea Platform’s technology to create a more standardized approach to…
Artificial Labs, a provider of digital brokerage and underwriting technology for the specialty and commercial insurance markets, announced the appointment of Eric Joost as President. In his new role, Joost will join Artificial’s leadership team and be responsible for shaping the company’s U.S. strategy and supporting client engagement while ensuring its platform reflects the operational…
In a recent Love Actuary report, JPMorgan analysts highlighted that reinsurance pricing will continue to weaken in 2027, barring huge industry catastrophe losses. Reinsurance price softening has clearly accelerated in 2026, a trend that is unlikely to stop as mid-year renewals approach, driven by strong surplus capital levels and impressive first-quarter 2026 earnings. The report…
Global specialty insurance company Octave Specialty Group (formerly known as Ambac Financial Group) announced its first quarter 2026 financial results, reporting to shareholders a net profit of $13 million and a 92% increase in total revenue. ask1 Net income to shareholders in 2026 increased significantly from the $3 million net loss reported in the first…
At an investor day in Sydney, IAG unveiled an updated strategy and new long-term financial targets under its Ambition 2030 plan, which aims to expand the group’s customer base to more than 11 million and increase gross written premiums (GWP) to more than A$25 billion. Having successfully achieved the targets set for 2021, IAG said…
Independent specialist MGA HIVE Underwriters is to establish an aviation reinsurance arm, with underwriting scheduled to commence in October 2026. The addition of Aviation Re further strengthens HIVE’s position as a multi-class specialist MGA and Lloyd’s underwriter, expanding the capabilities of its existing aviation, aerospace, marine and political violence and terrorism teams. Senior underwriters Scott…