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Gross written premium (GWP) at the Dubai International Financial Center (DIFC), the global financial center in the Middle East, Africa and South Asia (MEASA), has increased by 20% year-on-year and will reach US$4.2 billion by 2025. Additionally, DIFC brokerage premiums will exceed $3.4 billion in 2025, up 14% from $3.0 billion in 2024. Additionally, underwriting…
Hiscox Re, the reinsurance business and third-party capital platform of specialty insurer Hiscox, reported insurance contract premiums (ICWP) of $527.1 million in the first quarter of 2026, an increase of 7.1% from $492.2 million in the first quarter of 2025. According to the company, the improvement was driven by new third-party capital inflows ahead of…
AkinovA, a technology-led insurance and reinsurance platform focused on increasing underwriting capital for large corporate risks, has confirmed the appointment of Matthew Gilpin as Group Chief Operating Officer, effective from 1 May 2026. The appointment comes as AkinovA enters its next execution phase as the company expands its platform and underlying technology to improve underwriting…
Anders Malmström, chief financial officer of Swiss Re, one of Europe’s four largest reinsurance companies, said this morning that the company had set aside approximately $400 million in additional reserves in the first quarter of 2026 to deal with the potential inflationary impact of the ongoing conflict in the Middle East. After releasing strong results…
Global reinsurance brokerage and analytics firm Gallagher Re reports that global insurtech funding continued to remain at relatively high levels in the first quarter of 2026, as outlined in its latest report Global Insurtech Report. The company’s total investments for the quarter were $1.63 billion. Gallagher Re said that although slightly lower than the $1.67…
AkinovA, a technology-led insurance and reinsurance platform focused on increasing underwriting capital for large corporate risks, has confirmed the appointment of Matthew Gilpinas as Group Chief Operating Officer, effective 1 May 2026. The appointment comes as AkinovA enters its next execution phase as the company expands its platform and underlying technology to improve underwriting capabilities…
Global reinsurer Swiss Re reported net profit of US$1.5 billion in the first quarter of 2026, up 19% from US$1.3 billion in the previous year, driven by strong performance across its business segments, lower catastrophe losses and strong investment performance. Group-wide return on equity increased to 23.6% from 22.4% in the same period last year…
Challenger Limited’s recently formed Calix Re Limited (Calix Re) is an E-rated licensed Bermuda reinsurer that has been assigned an A- (Excellent) financial strength rating and an ‘a-‘ (Excellent) long-term issuer credit rating by AM Best. The majority of Calix Re’s business will be Japan’s regular annuity business. It will leverage long-term reinsurance partnerships for…
Independent insurance broker Lockton has strengthened its leadership position in Asia, with Nicholas Lee joining Lockton Sime as CEO designate for Malaysia, while Jaideep Sharma has been appointed CEO for India. In his new role, Lee will work with the team to build a strong foundation to expand a high-performing client-centric brokerage, drive growth, strengthen…
Amwins, a global distributor of specialty insurance products, has acquired NARDAC, a brokerage specializing in energy and infrastructure. Prior to this, Amin made an initial investment in NARDAC in 2020 and recently purchased the remaining privately held shares. According to the announcement, NARDAC’s specialist wholesale, reinsurance and underwriting services will be integrated into Amwins’ existing…