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The Florida Office of Insurance Regulation (OIR) announced that three new property and casualty (P&C) insurance companies have entered the Florida market as the state continues to recover following historic legislative reforms. The additions of Builder Reciprocal Insurance Exchange, Frontline Insurance Reciprocal Exchange and Wingsail Insurance Company bring the total number of insurance companies entering…
Global insurance and reinsurance brokerage group Howden has announced the launch of its American Airlines business, led by Julio Jimenez. Rapidly changing geopolitical conditions pose increasingly complex and rapidly changing risks to U.S. air operators. For domestic and international operators, the risk environment has never been more severe. At the same time, widespread broker consolidation…
Global investment banking and financial services firm JP Morgan said investor concerns about weak pricing conditions in the reinsurance and commercial insurance markets continued to weigh on sentiment among European insurers, despite takeover speculation and growing interest in valuation-driven opportunities. in its latest love actuary Note that JPMorgan said discussions with investors in the UK,…
Specialist managing general agent Euna Underwriting has appointed Nicholas Hartley as head of property and casualty as it continues to develop and expand its multi-line offering. Hartley will play a key role in setting the direction for the continued growth of its property and casualty accounts. He has more than 25 years of experience in…
International specialty re/insurance managing general agent (MGA) Rokstone has launched a new freight-only inventory program with a capacity of $25 million, designed to provide customers with smarter, more flexible coverage and competitive premiums. Only a few MGAs have the interest, capabilities and capacity relationships to provide pure inventory coverage. The program is highly flexible and…
Cyber ​​risk solutions company Resilience has announced the launch of Resilience Arc, a new cyber risk management platform built specifically for multi-entity organizations. The new platform continuously monitors and quantifies cyber risk for multi-entity companies, private equity firms and other parent companies, linking aggregate risk insights directly to insurance decisions. As organizations grow through mergers,…
Global specialty insurance company Fortegra announces the appointment of Iwan Röpcke as CEO of Belgium. Röpcke joins Fortegra with more than 25 years of insurance industry experience, covering brokerage, commercial leadership and executive management in the Benelux and wider European markets. Röpcke’s industry expertise spans a range of specialist risk areas and has deep relationships…
Regional non-life reinsurer Asia Re (Asian Re) reported strong financial results for 2025, with net profit of US$6.7 million and a combined ratio of 91.4%. Since 2018, through a number of strategic initiatives implemented by management, Asia Re’s investment portfolio has grown steadily at a compound annual growth rate of 13.5%, with premiums reaching US$28.95…
Pro Global, an international provider of professional services, consulting and technology solutions to the insurance industry, has announced the acquisition of Australian audit and advisory firm GSI Professional Services. The transaction strengthens Pro Global’s international audit and advisory business and marks a strategic step in the firm’s wider expansion plans in the Asia-Pacific region. With…
Global reinsurance brokerage and advisory firm Gallagher Re has announced the appointment of Carlos Grijalva as executive director and head of network for Asia Pacific. Grijalva is reportedly based in Hong Kong and has extensive experience in underwriting and brokerage in Asia Pacific’s online markets. Most recently, he served as Asia Network Sales Director for…