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Morningstar DBRS estimates total insured losses could exceed €3 billion after Storm Niels caused widespread damage in southwestern France. Storm Niles brought heavy rainfall, strong winds and severe flooding in recent days, killing at least two people and injuring dozens more, the company said in a new report. Saturated soil and overflowing rivers reportedly exacerbated…

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched two new divisions in Italy: Energy & Construction and Networks to meet growing regional demand. The launch of these products is supported by the appointment of two senior underwriters in Milan to manage the new division, expand LSM’s product range in Italy and…

SiriusPoint reported full-year 2025 net income to common shareholders of $444 million, while consolidated underwriting revenue for the year expanded to $302.8 million from $276.4 million in 2024. The company explained that the improvement in underwriting revenue was primarily driven by premium growth and higher attrition rates, but was partially offset by lower favorable reserve…

Commercial and specialty lines insurer HDI Global has launched its new strategy “Xcelerate29” for 2026 to 2029, aiming to selectively expand internationally and drive excellence in its core business. The insurer will focus on expanding its specialty business in North America (NA), Southeast Asia and the Middle East, while further strengthening its corporate and specialty…

Arch Insurance International has announced the appointment of Antony Hope as directors and officers (D&O) underwriting manager and Sangeetha Mani as financial institutions (FI) underwriting manager. As part of the Executive Assurance Group, Hope and Mani are tasked with overseeing the underwriting activities of the public market Directors & Officers (D&O) and Financial Institutions (FI)…

A recent Aon poll shows that EMEA (Europe, Middle East and Africa) businesses believe they are unprepared for artificial intelligence (AI)-driven cyber threats, highlighting the opportunity to strengthen cyber resilience in the AI ​​era. A poll conducted during AON’s 2025 Network webinar gathered insights from 75 organizations across Europe, the Middle East and Africa on…

PIC, a specialist insurer of defined benefit pension schemes, has completed the full subscription of the £113 million Steria managed scheme portion of the Sopra Steria retirement benefit scheme, successfully protecting the benefits of all 355 members of the portion. Sopra Steria is a European technology company with operations in nearly 30 countries and more…

Zurich Insurance updated its global catastrophe treaty on Jan. 1, increasing capacity and adding cyber insurance to its top global catastrophe excess loss treaty and achieving higher retention rates for its European all-risks reinsurance tower. In addition to its 2025 results, global insurance company Zurich also announced its 2026 catastrophe reinsurance coverage, emphasizing overall stable…

South African short-term insurance company Santam has been approved to set up a reinsurance branch in the Gujarat International Financial Technology City (GIFT City), India’s first operational greenfield smart city and International Financial Services Center (IFSC). Santam Limited will operate the branch as an International Insurance Office (IIO) regulated by the International Financial Services Center…

Major insurer Zurich delivered strong revenue growth in 2025, with its property and casualty (P&C) division’s gross written premiums (GWP) exceeding $50 billion for the first time, up 5% year-on-year, and the division’s business operating profit (BOP) reaching $5.1 billion, up 22% in dollar terms, compared with $46.6 billion in 2024. The property and casualty…