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Zurich-based catastrophe insurance data provider PERILS has revealed its second industry loss estimate for Australia’s east coast severe convective storm (SCS), which affected Queensland, New South Wales and Victoria between October 26 and November 1, 2025, costing the insurance market A$1.512 billion. In line with its Australian insurance coverage definitions, PERILS explained that this estimate…

Coalition, an aggressive insurance company focused on preventing digital risks, has launched a private equity business to help businesses manage cyber risks. This new cyber insurance solution was developed with a private equity-focused broker. Its custom design will help private equity firms, sponsors, general partners and their portfolio companies manage complex, fast-moving cyber risks from…

Hong Kong-based global reinsurer Peak Re has appointed Philip Hough as its new Chief Underwriting Officer (CUO), effective April 2, 2026. Hof will be based in Hong Kong and report directly to the reinsurer’s chief executive, Franz Joseph Hahn. In his new role, Hough will lead Peak Re’s property and casualty underwriting strategy and business…

Independent global insurance group MNK Group has announced the appointment of Daniel Ferguson to the newly created role of Group Financial Controller. In this role, Ferguson will establish a dedicated finance function designed to increase financial acumen, enhance market resiliency and enable continued growth. He will design and implement the capital infrastructure needed to support…

Gallagher President and CEO J. Patrick Gallagher predicted that the buyer’s market is expected to continue this year, and while some insurance companies are satisfied with the reinsurance programs they obtained during the January 1 renewal season, others are expected to seek additional protection later in 2026. Reinsurance broker Gallagher Re said risk-adjusted real estate…

Selective Insurance Group announced financial results for the fourth quarter of 2025, with net profit of $152.9 million, an increase of 64% from $93.2 million in the same period in 2024. Operating income improved during the quarter, rising 57% to $156.2 million, compared with $99.6 million in the fourth quarter of 2024, marking an efficient…

Devastating floods in Malawi and Mozambique triggered the practical trigger of the Regional Emergency Preparedness and Inclusive Recovery (REPAIR) program, disbursing more than US$22.3 million within seven working days to support emergency national flood responses in these countries, allowing governments to mobilize immediate relief. As REPAIR participating countries, Malawi and Mozambique subsequently triggered activation requests…

Global brokerage group Aon, whose reinsurance solutions team recently designed and developed the first data center-specific treaty, is actively working with other insurers to continue to “innovate and lead” in this “generational opportunity,” President and CEO Greg Case said earlier today. The opportunities presented by the rapid advancement of digital infrastructure, particularly artificial intelligence, machine…

Christopher Sur, global financial services transaction leader at PwC Germany, said the global financial services industry is undergoing a major transformation, with scale expansion and private credit growth becoming the main forces behind mergers and acquisitions (M&A). Dealmakers are shaking off the caution of previous years and embracing a “generational shift” in how capital is…

Tysers, the independent Lloyd’s insurance broker owned by Australia’s AUB Group, has appointed Marlena Truszczynska as head of shipping claims, marine and aviation. The appointment is in line with Tysers’ long-term commitment to providing outstanding claims services to its clients. Truszczynska brings extensive expertise with over 11 years of experience. Tesers said her leadership, creativity…