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Despite soft pricing, industry leaders said structural improvements and “substantially sound” price adequacy will maintain high margins, leading Autonomous to forecast strong reinsurance profitability in 2026. The industry enters this period after an unusually strong 2025, with record reinsurance capacity levels beginning to exceed demand, driven by strong earnings and relatively stable catastrophe losses. “However,…
Energy-focused general agent (MGA) Volt Underwriting has appointed Alasdair Haines as senior midstream energy underwriter. Haynes has been with QBE Insurance for nearly a decade, most recently as senior underwriter in onshore energy. Andrew Tokley, chief underwriting officer at Volt Underwriting, commented on the appointment: “We are delighted to have hired someone of Alasdair’s caliber…
Acrisure Portugal, a unit of global fintech company Acrisure, has appointed João Mendonça as its new chief executive officer (CEO), effective immediately. Mendonça has more than 25 years of experience in the insurance field. He was most recently General Manager of Howden Portugal, a position he held since 2020. Prior to that, he built an…
Everspan Group, a specialty property and casualty insurance platform and a wholly owned subsidiary of Octave Specialty Group, Inc., has announced two leadership appointments designed to advance the company’s next phase of expansion. Darwin Lucas succeeds Steve Dresner as president. Nicole Crowley has also been named general counsel. Lucas will continue in his role as…
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, has completed the £155m acquisition of the trustees of Vistry final salary pension scheme, covering the pensions of 1,671 members. The deal covers the Bovis Homes Pension Scheme, Galliford Try Final Salary Pension Scheme and Kendall Cross Holdings Limited Pension and Insurance…
Specialist captive insurance and reinsurance underwriter I–RE has strengthened its leadership team in Bermuda with the appointment of Simon Long as Managing Director of I–RE Ltd and Charles Kittrell to head underwriting operations. As managing director, I-RE said Long will be central to the continued development of the Bermuda team, playing a key role in…
Global insurer American International Group (AIG) reported that its general insurance (GI) underwriting revenue rose 48% year-over-year to $670 million in the fourth quarter of 2025, up from $454 million in the same period in 2024. The increase was driven by a decrease in catastrophe-related expenses of $125 million, or 2.1 loss ratio points, compared…
Specialty re/insurance group Chaucer Group has partnered with Artificial Intelligence liability insurance and risk assessment specialist Armilla AI to launch Vanguard AI, a unified insurance solution designed to manage cyber, technology and AI-related liabilities within a single structured framework. Vanguard AI combines Chaucer’s primary cyber and technical errors and omissions (E&O) coverage with Armilla’s independent…
AmTrust International, a global specialty insurance company and a subsidiary of AmTrust Financial Services, Inc., has strengthened its presence in the Australian market with the launch of AmTrust Specialty Limited, an Australian Prudential Regulation Authority (APRA) licensed entity in Australia. The insurer’s decision to establish a licensed business in Australia is a key part of…
French mutual reinsurer Mutuelle Centrale de Réassurance (MCR) has signed a multi-year quota share reinsurance agreement with Toa Re Europe, the European subsidiary of Japanese reinsurer, to strengthen the former’s diversification and support the latter’s growth plans. The strategic partnership, which can be scaled up gradually over three years, allows MCR and Toa Re Europe…