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Severe and persistent weather events in southern Spain have added pressure to the country’s agricultural insurance framework while leaving private insurers largely insulated from material losses, credit ratings agency Morningstar DBRS said. Morningstar DBRS highlighted in its latest review that Andalusia has a rating of A (high), with stable trends but affected by weeks of…
Descartes Underwriting, specialist in corporate parametric re/insurance solutions for climate and emerging risks, has expanded the responsibilities of commercial director Juan Maria Marqués Domenech to include the Central European region in addition to Iberia. To further strengthen the company’s presence in Europe, Descartes has also appointed Felix Dalheimer as business developer for Germany and Austria….
Global MGA incubator Mission has appointed Tom Hill as chief commercial officer (CCO) for its UK and European operations. Hill is an MGA expert with unique underwriting, DUA placement and MGA creation experience. The appointment is aimed at leveraging his technology underwriting experience to drive commercial strategy and identify the next generation of high-performance MGAs….
IAG reported net profit after tax of US$505 million in the first half of fiscal 2026, down from US$778 million in the same period in 2025. Results were impacted by a $174 million one-off RACQI impact arising from severe seasonal weather following the acquisition and before the business was integrated into IAG’s comprehensive reinsurance program…
Specialty insurance company Palomar Holdings, Inc. reported a 60.6% increase in net income to $56.2 million in the fourth quarter of 2025, compared with net income of $35 million in the fourth quarter of 2024. The insurer reported strong underwriting results for the quarter, with gross written premiums (GWP) increasing 31.8% to $492.6 million, compared…
Joe Peiser will lead Aon’s risk capital capabilities in commercial risk and reinsurance solutions as the broker continues to enhance and execute its risk capital strategy. Peiser joined Aon in 2021 as head of commercial risk, North America, and became global CEO of commercial risk in 2023. He brings more than three decades of industry…
According to data from Gallagher Re, global insurtech financing in the fourth quarter of 2025 was US$1.68 billion, an increase of 66.8% from the previous quarter. This is the highest quarterly financing level since the third quarter of 2022. Insurtech investment for the whole year of 2025 increased by nearly 20% year-on-year to US$5.08 billion….
Robin Udhwan has been appointed Canadian project director for global reinsurer Munich Re North America (MRS-NA). Udhwan is a seasoned veteran of the North American insurance space, particularly in Canada and the United States, and brings deep expertise in underwriting, operations and strategic leadership to the position. In his new role, the executive will oversee…
Moody’s, a provider of data, intelligence and analytics tools, has announced the integration of newly launched Oasis Software as a Service Limited (Oasis SaaS) into its Intelligent Risk Platform (IRP). The collaboration aims to provide reinsurers and brokers with a unified, vendor-neutral catastrophe modeling environment that meets the industry’s growing demand for independent model selection…
Life insurance broker Reassured has announced a partnership with data and artificial intelligence consultancy FOIL AI to enhance its data infrastructure, expand in-house expertise and improve customer experience across the insurance lifecycle. The agreement supports Reassured’s goal of taking a more robust data-led approach to operations. By applying advanced analytics and artificial intelligence, the company…