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Credit rating agency S&P Global Ratings has affirmed the long-term issuer credit and financial strength rating of ‘AA-‘ for Islamic Investment and Export Credit Insurance Corporation (ICIEC), a Shariah-based multilateral insurance company and a member of the Islamic Development Bank Group. The outlook for these ratings is stable, with ICIEC retaining its position as the…
Novatae Risk Group (Novatae), the wholesale insurance arm of World Insurance Associates (World), has named J. Clay Kadlic vice president (VP) of strategic partnerships. The company provides wholesale insurance solutions, working with retail brokers to place specialized risks and connect them to the carrier market. Novatae Risk Group said Kadlic will oversee the development and…
Cincinnati Financial Corporation, a major U.S. insurance company, announced financial results for the first quarter of 2026, with a net profit of $274 million, compared with a net loss of $90 million in the first quarter of 2025. The insurer explained that this follows the recognition of an $82 million decrease in the fair value…
Dan Malloy, a veteran insurance and reinsurance executive and former CEO of United Risk, SiriusPoint and Third Point Re, joins specialist MGA Banyan Risk on 1 May 2026 as executive managing director. Malloy brings four decades of industry experience, including senior management and leadership roles at various brokers, insurers and reinsurers, and joins Banyan Risk…
Vienna Insurance Group (VIG) reported a solid financial position for the full year 2025, with pre-tax results increasing by 31.7% to €1.16 billion, compared with €881.8 million for the full year 2024. The insurer’s “strong” growth in FY25 was driven by a 7.1% rise in gross written premiums (GWP) to €16.3 billion, as well as…
Protective Life Insurance Company, a major subsidiary of Protective Life Corporation, plans to acquire property, casualty and specialty insurance platform Obsidian Insurance Holdings, Inc. and its affiliates from private equity firm Genstar Capital. The deal, expected to close in the fourth quarter of 2026 or the first quarter of 2027, will establish a new business…
Global property and casualty insurer Chubb has announced the promotion of Silvia Trigila to head of digital growth for its EMEA underwriting center in Madrid. In her new role, Trigila will play a key role in driving the digital growth of Chubb’s SME and lower mid-market online business. She has 17 years of experience in…
Placing Platform Limited (PPL), a London-based company that provides digital trading solutions to the insurance industry, has released an updated version of its trading console developed in partnership with Microsoft. PPL is designed to embed the new console within Microsoft Outlook and Teams as a central workspace for managing placements. As the adoption of digital…
CFC, a specialist insurance provider focused on emerging risks and recognized as a market leader in cyber insurance, has appointed Isabel Finn as head of cyber exposure and active risk. The CFC describes the position as a newly created role designed to enhance the way cyber risks are identified, interpreted and proactively mitigated throughout the…
Diot-Siaci Group, an independent insurance and reinsurance brokerage, announced total revenue of 1.31 billion euros for the year ending December 31, 2025. Results were up 28% on the prior year, driven by organic growth of 5.5% (excluding the impact of foreign exchange) and targeted acquisitions. This positive performance is due to the Group’s ongoing Horizon…