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Chubb announced a series of North American field operations leadership changes, including the appointment of Chad Yarlagadda as regional executive for the Midwest region; Ben Mortimer as regional executive for the Southeast region; and the retirement of Kelly Kinsella. Yarlagadda, who currently serves as regional executive for the South East region, will succeed Kinsella, who…
Enstar, a global insurance and reinsurance group backed by investment vehicles managed by Sixth Street affiliates, has entered into a definitive stock purchase agreement to acquire 100% of Accident Fund Holdings, Inc. (AF Group) from Blue Cross Blue Shield of Michigan. The transaction is expected to close in the second half of 2026, subject to…
International specialty insurance company Ryan Specialty reported that total revenue increased 13.2% to $751.2 million in the fourth quarter of 2025, compared with $663.5 million in the same period a year ago, with organic growth of 6.6%. The insurer attributed the growth to new customer wins and expansion of relationships with existing customers, continued expansion…
Italy-based insurance company Generali has launched a new group software factory, Generali Core Tech, to advance its technology transformation. The move is in line with the insurer’s “Partners for Life 27: Driving Excellence” strategic plan, which focuses on enabling business growth by building scalable, shared and innovative platforms that leverage new solutions and platforms. The…
AXA XL is the property and casualty and specialty risks arm of AXA, partnering with US Marine Insurance Group (USMIG) to provide shipper interest insurance in response to market changes in the logistics sector. The cooperation between the two parties will begin in 2024, with USMIG serving as the project manager of AXA XL. This…
Bermuda-based Sompo International, the international operating arm of Tokyo-based Sompo Holdings, disclosed total insurance revenue of $12.05 billion in the first nine months of fiscal 2025, an increase of $835 million from the same period in 2024. By segment, insurance revenue was led by commercial insurance ($8.524 billion), followed by global reinsurance ($2.491 billion) and…
Michael Lewis has been promoted to president of Marsh Risk Canada, succeeding Sarah Robson, who will continue as CEO of Marsh Canada. Effective April 1, Lewis will be responsible for the strategic development and execution of Marsh Risk’s commercial strategy in Canada, which spans specialty insurance brokerage solutions, risk advisory services and the company’s commercial,…
Brazilian reinsurer IRB (Re) reported strong underwriting results in both the fourth quarter and full year 2025, with improved combined ratios, although revenue declined in both periods, primarily due to the impact of contract cancellations in its life business, while its property and casualty (P&C) portfolio shrank due to declines in agriculture. IRB(Re) said that…
MAPFRE Re, the reinsurance arm of Spanish insurance company MAPFRE, has received approval from the International Financial Services Centers Authority of India (IFSCA) to open its latest branch at the International Financial Technology City (GIFT City) in Gujarat. The agency aims to strengthen the reinsurer’s operational capabilities and provide a more tailored service in one…
Emma Loynes has been promoted to chief executive (CEO) of specialist Lloyd’s Insurance and Reinsurance Markets Asia Pacific, Middle East and Africa (APMEA), succeeding Chris Mackinnon. Loynes joined Lloyd’s, the world’s oldest re/insurance market, in 2018 as senior manager of market oversight and delivery, and in 2021 took on the role of head of market…