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MS Re, the Swiss-registered reinsurance entity of MS&AD Holdings, reported net profit of US$341 million in the first nine months of 2025 in accordance with IFRS 17, an increase of US$119 million from US$222 million in the same period in 2024. Insurance services profits also strengthened, rising to $349 million from $215 million in the…
Property and casualty insurance company Liberty Mutual Insurance recently announced that Neeti Bhalla Johnson will resign as President of Global Risk Solutions (GRS) on March 6, 2026 to pursue new opportunities. As President of GRS, Bhalla Johnson oversaw a significant transformation of the company’s commercial and specialty reinsurance businesses in 24 countries, achieving $23 billion…
DUAL, one of the world’s largest managing general agents (MGAs) and part of Howden, has partnered with global reinsurer SCOR to enhance capabilities in the Brazilian corporate insurance market. According to reports, under the agreement, DUAL Brazil and SCOR will provide services in property, casualty, professional indemnity (PI) and directors and officers (D&O) lines. DUAL…
Kuwait Reinsurance Company’s net profit in 2025 will increase by approximately 41% year-on-year to US$65 million, and total insurance income will increase by 13% to approximately US$294 million. After deducting insurance servicing expenses of $257 million in 2025, insurance servicing results prior to holding reinsurance contracts were approximately $37 million, up from $34 million in…
MS Amlin, a global reinsurance company owned by MS&AD Holdings, achieved an insurance services profit of £183 million between January and September 2025 (third quarter of 2025), a year-on-year increase of 53%. The company’s combined ratio increased by 2.7 percentage points to 86.1%. The stronger combined ratio was due to a 2.3 percentage point decline…
Specialist Lloyd’s Insurance and Reinsurance Markets has confirmed the additions of Fiona Luck and Sean McGovern as deputy chairmen, joining Victoria Carter who has held the role since 2021. Luck joined the Lloyd’s Council as deputy chairman in 2018 and was appointed as senior independent director, subject to regulatory approval, following the departure of Lord…
British insurance company Admiral Group has reached an agreement to acquire digital commercial fleet insurance provider Flock. The acquisition, worth £80 million and subject to regulatory approval, will give Admiral access to Flock’s innovative telemetry technology, which tracks vehicle data in real time. Flock’s digital platform uses a proprietary AI-driven risk model trained on hundreds…
Insurer AF Group has promoted Mike Valiante, who joined the company in 2011 as director of field operations for AF Group’s Third Coast Underwriters brand, to president of commercial markets. After joining the company in 2011, Valiante was promoted to vice president in 2013, responsible for business development, underwriting and data and analytics. In 2020,…
A recent report from insurance brokerage group Lockton showed that cyber insurance premiums have fallen despite rising cyber incidents and rising claims, marking a “rare divergence between underlying risk and insurance pricing.” According to the National Cyber ​​Security Center (NCSC), organizations experienced a 129% increase in “nationally significant” cybersecurity incidents in the 12 months to…
Specialty insurer Beazley found that by 2026, global businesses will face a more interconnected risk environment, with technology and geopolitical pressures becoming common key concerns. Beazley reports in its latest Risk & Resilience Survey that organizations are responding by embedding insurance and structured risk management more deeply into their long-term strategies. The survey, conducted in…