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Although natural disaster costs rose sharply to A$1.319 billion in the first half of 2026 from A$503 million a year earlier, Suncorp said its underlying business “remains resilient” and its capital position remains strong. Suncorp chief executive Steve Johnston said: “While Suncorp’s H126 reported profits and shareholder returns were challenged by rising natural disaster costs…
Global insurance company QBE has appointed Jesús Prieto Santa-Cruz as European technology and business performance manager. In his new role, Santa Cruz will focus on strengthening the insurer’s portfolio management capabilities across Europe, working closely with portfolio managers and underwriters. In addition, he will support deeper portfolio segmentation and analysis to optimize underwriting strategies and…
Pinion Insurance, a newly established professional insurance company incorporated in Bermuda and headquartered in London, has officially launched and received a preferred equity commitment of up to US$180 million from global asset management company Barings. The new insurance company is built on the foundations of Pinion Risk Consulting (PRC), a well-known data and analytics expert…
Talanx AG, a large German multinational insurance and reinsurance group, has acquired Meiji Yasuda Life Insurance Company’s stake in its Polish joint venture following the expiration of the agreed strategic partnership on December 31, 2025. Talanx exercised purchase options on the shares held by Japanese life insurance company Meiji Yasuda in its Polish subsidiary: 24.3%…
The latest data from the Association of British Insurers (ABI) shows that UK property insurance claims will reach 6.1 billion pounds in 2025, the highest annual total in history, with total claims increasing by 400 million pounds, or 7%, year-on-year. Payouts are expected to reach £1.5 billion in the final quarter of 2025 alone as…
Mitsubishi UFJ Financial Group (MUFG EMEA) has appointed Caroline Oehm as Managing Director (MD) Financial Institutions EMEA and Head of Insurance. The move is in line with the company’s commitment to expand its global coverage in the non-bank financial sector. Oehm will report to Matteo Ferrario, Managing Director, Financial Institutions Group (FIG), Head of Sponsored…
Global reinsurance broker Howden Re is making two key senior hires to boost its catastrophe analytics business in Asia: Renuka Janwalker has been named head of catastrophe analytics for Asia and Ramdeo Gupta has been named senior catastrophe analyst for Asia. The appointments are part of the company’s continued expansion in the region, following an…
Global independent insurance broker Ardonagh Group has acquired a majority stake in Hong Kong-based specialist insurance broker Risk Management Insurance Brokerage Limited (RMIB). The move is in line with the group’s long-term plans to strengthen its employee benefits and specialist risk advisory capabilities in the region RMIB will join Ardonagh’s existing Hong Kong investments alongside…
Artificial Labs (Artificial), a provider of digital brokerage and underwriting technology to specialty and commercial insurance companies, has launched AgLabs, a new division dedicated to research and product innovation. AgLabs will focus on the future of specialty insurance, examining how agent artificial intelligence (AI) can transform interactions across the market. The unit combines long-term research…
M&A activity among European insurance companies is likely to accelerate in 2026, as weak pricing and stable interest rates constrain organic growth and limit margin expansion, a new report from Fitch Ratings suggests. The rating agency said the acquisition could strengthen the business’s profile through greater diversification and stronger competitive positioning. However, these benefits may…
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