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After legislative changes enacted in 2025 reduced the level of catastrophe financing required by the Texas Windstorm Insurance Association from a 1-in-100-year Probable Maximum Loss (PML) to a 1-in-50-year Probable Maximum Loss (PML), the TWIA Board of Directors adopted a $4.3 billion 1-in-50 PML for the 2026 storm season. The one-fiftieth PML represents a loss…
South African short-term insurer Santam has appointed Nico Conradie as Chief Executive Officer (CEO) of Santam Re, the insurer’s independent non-life treaty reinsurer, effective March 1, 2026. He takes over from Santam Re chief financial officer (CFO) Kush Padia, who had served as interim CEO while the insurer continues its search for an executive head…
Hiscox Re, the reinsurance business and third-party capital platform of specialty insurer Hiscox, reported pre-tax profits of $286.7 million in 2025, up 7% from the previous year, with the unit’s undiscounted combined ratio rising to 67.4%. The global specialty insurer’s reinsurance arm will deliver insurance contract premiums (ICWP) of $1.094 billion in 2025, up 6%…
Bishop Street Underwriters has expanded its partnership with AI-powered underwriting solutions specialist Kalepa to support its London-based managing general agents (MGAs), Avid Insurance Services and Landmark Underwriting. The two companies initially collaborated in 2024 to improve the underwriting quality and execution of insurance platform MGA’s business. Based on the positive results from the initial deployment,…
Global advisory, brokerage and solutions provider WTW has appointed Krista Cinotti as head of placement strategy. This position has been created to enhance the integration, representation and strategic delivery of the firm’s placement and brokerage solutions functions. In her expanded role, Krista Cinotti will lead projects focused on strengthening operational standards, encouraging innovation, refining customer…
Australian insurance brokerage AUB Group announced its first half financial year 2026 results, in which the international division, including Tysers, reported a pre-tax basic net profit of A$39.4 million, an increase of 29% from A$30.5 million in the same period last year. AUB Group acquired Tysers from Odyssey Investment Partners in September 2022, with FY24…
Maritime insurer British Marine, part of QBE Insurance Group, has announced the appointment of Richard Inman as Portfolio Manager of British Marine P&I. In his new role, Inman will be responsible for delivering P&I underwriting results for the UK Maritime program and developing the insurance risk strategy across the portfolio. He has over 13 years…
Bowhead Specialty, a provider of casualty and professional liability products, has announced financial results for the fourth quarter of 2025, with net profit of $14.8 million and a gross written premium (GWP) increase of 21.3%. The company’s net income for the quarter rose 9.1%, up from $13.6 million reported in the fourth quarter of 2024….
AM Best revised the outlook for the German non-life insurance sector to stable from negative on expectations that premium increases will continue to keep pace with claims inflation, leading to stable profitability. AM Best said in a recent report that the stable outlook reflects expectations that the segment will deliver revenue growth on the back…
Conning said that despite expectations for a more challenging macroeconomic environment, including rising inflation, liquidity risks and lower Federal Reserve interest rates, U.S. insurers reportedly remain “optimistic” about investment conditions in 2026. A new survey conducted by the firm in December 2025 found that 76% of respondents believe investment opportunities for insurance companies are improving….