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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…
BMS Group, an independent insurance and reinsurance brokerage, has adopted mea Platform’s brokerage products, part of its operational suite, to improve placement efficiency and drive digital transformation. mea Platform is an artificial intelligence product company serving the re/insurance industry. The broker said the move was driven by increasing market complexity and data volumes, and will…
Allianz Commercial and Coalition, a proactive insurance company focused on preventing digital risks, today announced a transformative strategic agreement to expand its cyber insurance partnerships. The agreement makes Coalition Allianz the exclusive global partner for commercial cyber insurance across all sectors. By transferring its commercial cyber insurance business to Coalition, Allianz will combine the unique…
Ryan Specialty, a specialty insurance company providing distribution, underwriting, product development and risk management services, announced leadership promotions for its underwriting management division, Ryan Specialty Underwriting Managers (RSUM). The changes apply to Velocity Risk Underwriters, a technology-enabled managed general underwriter focused on complex commercial real estate catastrophe risks. The company has confirmed that Paul Carnegie…