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Universal Insurance Holdings, the parent company of Florida-focused individual residential insurer Universal Property & Casualty Insurance Company, is taking a proactive approach to securing its catastrophe coverage for the coming years, reflecting its strong capital position and confidence in market conditions. CEO Stephen J. Donaghy said the company is “well underway with negotiations and deployment…
Global reinsurers Munich Re and Swiss Re are backing AI-led identity fraud insurance provider Instnt and embedded lending support platform MarkIII, Inc. (MKIII) on a new “double indemnity” structure as the companies launch a strategic partnership aimed at reshaping the $18 trillion U.S. consumer lending market. Together, Instnt and MKIII have launched a “double indemnity”…
Slide Insurance CEO and founder Bruce Lucas noted on the company’s latest earnings call that risk-adjusted property reinsurance rates will trend downward in 2026, and while the magnitude is uncertain, early indicators in the catastrophe bond market point to a significant shift. Slide recently issued $320 million in ILS (insurance-linked securities) bonds, with risk-adjusted pricing…
Munich Re, one of the four largest reinsurance companies in Europe, targeted portfolio optimization and selective growth when it renewed insurance on January 1, 2026. Its books shrank by 7.8% year-on-year. However, despite the weak environment, Christoph Jurecka, chief executive officer (CEO) of the reinsurance company, still sees ample growth opportunities. This morning, Munich Re…
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…