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British insurer Aviva reported that full-year general insurance (GI) premiums will increase by 18% to £14.1 billion in fiscal 2025, compared with £12.2 billion in fiscal 2024, with the undiscounted combined ratio improving to 94.6%. 2025 is a strong year for Aviva. The company continues to achieve profitable growth momentum. Group operating profit increased by…
Mea Platform, an AI-powered insurance technology company, today announced the appointment of Julie McKenna as Vice President of Sales, North America. Following SEP’s $50 million growth equity investment, the move strengthens mea’s leadership team as the company scales its operations. McKenna has nearly 30 years of experience in property and casualty insurance, with expertise spanning…
Global specialty insurer Tokio Marine Kiln (TMK) has appointed Sarah Tidbury as portfolio solutions underwriter, effective immediately. She reports to Rob Jarvis, head of innovative underwriting. The appointment reflects TMK’s continued investment in innovative portfolio-based insurance solutions across categories, particularly those distributed through various channels including algorithmic platforms, broker facilities, syndicates and policyholders. In her…
Tropical cyclones Fitia and Rezanifer affected more than 500,000 people and caused widespread damage to infrastructure, livelihoods and basic services in many regions of Madagascar. US$29 million has been raised to support response and recovery efforts through a combination of pre-arranged parametric financing solutions driven by African Risk Capabilities (ARC) and its partner institutions. According…
Barbados-based reinsurer Active Capital Reinsurance, Ltd. (Active Re) has successfully completed its global retrocession program, purchasing more comprehensive coverage in terms of scope and geography. Retrocession programs are used as part of a capital protection strategy designed to maintain balance sheet strength throughout market cycles. The protection covers Active Re’s in-house underwriting with its selected…
Global insurance and reinsurance brokerage group Aon has announced the appointment of George Attard as global head of analytics for Reinsurance Solutions, who will also serve as Chief Strategy Officer for Reinsurance Solutions. In this expanded role, Attard will accelerate the development and utilization of Aon Re’s analytical capabilities to help insurers navigate volatility, optimize…
Bermuda-based insurer and reinsurer Lancashire Insurance Holdings is “very pleased” with its inward and outward reinsurance renewal results on January 1, 2026, chief underwriting officer (CUO) Paul Gregory said, as the company used the opportunity to tailor better structured products to help manage its earnings volatility at this stage of the cycle. Gregory and Lancashire…
International credit ratings and research firm Morningstar DBRS said the U.S. government’s proposal to provide insurance support for ships transiting the Strait of Hormuz may not be enough to quickly resume commercial navigation in the region. Morningstar DBRS noted in a recent commentary that the escalating conflict in the Middle East has severely disrupted shipping…
Global insurance and reinsurance broker Marsh has announced the appointment of Dereck Wischmeyer as senior advisor to its global digital infrastructure industry practice. In this role, Wischmeyer will lead Marsh’s contract strategy across leases, customer agreements, supplier contracts and partnerships to help clients address risks associated with asset lifecycles and reinvestment timing. He has 12…
Aviation reinsurance underwriters are expected to implement tighter renewals by the end of 2025 as they struggle under the pressure of major claims, but direct insurers will be able to negotiate relatively modest renewals in early 2026, WTW said. WTW noted in its latest aerospace insurance market renewal outlook that while rumored 2026 renewal reinsurance…