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Global specialist insurance and reinsurance broker McGill and Partners has renewed its Ukraine war risk reinsurance facility for a further year, increasing the maximum limit per risk from $50 million to $100 million. The facility is designed to support local cedants in Ukraine, including ARX, the insurer with which McGill and its partners initially worked,…

Credit ratings agency Fitch Ratings said solvency capital ratios for EU insurers with significant property risks could rise if the European Insurance and Occupational Pensions Authority puts forward proposals to reflect natural disaster adaptation measures more directly within the framework of a standard formula. The agency views the expected revision as credit positive, while stressing…

WTW-owned Willis has launched a global digital infrastructure group led by Alastair Swift, director of Willis Global Specialties, building on its newly launched data center risk management framework. Willis said the new group was formed to “redefine and address” the risks faced by data center owners, operators, contractors and hyperscalers around the world. Willis added:…

Global insurance company Allianz reported that its total business volume increased by 6.5% year-on-year to 45.7 billion euros in the fourth quarter of 2025, and group operating profit increased by 3% to 4.3 billion euros, with all business units contributing. Group-wide, core net profit for shareholders increased by 12% year-on-year to reach €2.7 billion in…

Global reinsurance broker Gallagher Re has appointed Roshan Perera as managing director and regional head of Asia Pacific (APAC) and Richard Jones as chairman of Asia Pacific. Perera has over 25 years of industry experience in the Asia Pacific region. Most recently, he led Gallagher Re’s Asia Pacific strategic solutions team. In this role, Pereira…

The West of England P&I Club has appointed Alexis Wildman as head of product, replacing Richard Turner, who will retire later this year following a structured handover period. In her new role, Wildman will report to chief underwriting officer (CUO) Bart Mertens as the club continues to develop its products to suit the changing needs…

Commercial and specialty lines insurer HDI Global has announced the appointment of Mark Mackay as global head of energy and power, effective March 1. McKay will succeed Franz Adamczyk, who is stepping down after decades of working with clients and brokers around the world to develop and expand the energy and power portfolio. With this…

In addition to its full-year 2025 results, which included underwriting revenue of $117.2 million and a combined ratio of 94.8%, Fidelis Insurance Group also announced its intention to change its name to Pelagos Insurance Capital Limited. Fidelis explained that trading under the new ticker (NYSE: PLGO) is expected to begin in May 2026, subject to…

Zurich-based catastrophe insurance data provider PERILS has provided the first insurance industry loss estimate of A$786 million for the Victorian bushfires that occurred from January 7 to 13, 2026. PERILS estimates of insurance market losses for this event are based on loss data collected from affected insurance companies. This preliminary estimate covers property and motor…

axa AXA explained that the growth was supported by the favorable impact on alternative capital and casualty prices, but was partially offset by weakness in other lines. Meanwhile, global warming potential and other revenue from the insurer’s broader property and casualty business rose 5% on a comparable basis to €58 billion, up from €56.5 billion…