KCC identifies US coastal cities at risk of $100bn hurricane losses

[ad_1] Karen Clark & Company (KCC), a provider of catastrophe risk modelling, has examined the likelihood of hurricanes causing insured losses exceeding $100 billion in the United States, highlighting the most vulnerable regions and what these exposures mean for the insurance industry. According to Karen Clark & Company’s analysis, hurricane losses are highly location-dependent. A … Read more

Favourable market conditions drive peak P&C profitability for European reinsurers: Fitch

[ad_1] Fitch Ratings has reported that property and casualty (P&C) reinsurance has reached peak profitability, with a record low average combined ratio of 81.5% for Europe’s big four reinsurers. This “reflects healthy attritional performance and a low natural cat loss ratio for all reinsurers as market conditions remain favourable.” Reinsurers benefitted from a combination of … Read more

ZhongAn Online net profit soars over 1,100% in H1’25

[ad_1] China’s largest online-only insurer, ZhongAn Online P&C Insurance Co., Ltd., reported a net profit attributable to shareholders of RMB 668 million (~USD 93 million) in the first half of 2025, soaring 1,103.5% year over year. The company attributed this surge to stable investment returns and a historic turnaround in its digital banking business to … Read more

Philippine insurers FPG and Mercantile announce merger

[ad_1] FPG Insurance Co Inc (FPG) and The Mercantile Insurance Co Inc, two of the largest non-life insurance providers in the Philippines, have announced their plans to merge, forming FPG Mercantile. With a combined GWP of PHP 10 billion, FPG Mercantile is set to become a new non-life insurance powerhouse in the country. With the … Read more

ADB, UNCDF, UNDP to create parametric climate insurance for MSMEs in Fiji

[ad_1] The Asian Development Bank (ADB), the United Nations Capital Development Fund (UNCDF), and the UN Development Programme (UNDP) have partnered to develop parametric insurance solutions for extreme weather for micro, small, and medium-sized enterprises (MSMEs) in Fiji. The Asia-Pacific Climate Finance Fund (ACliFF), a multi-donor trust fund established in April 2017, will support the … Read more

ASR accredited to offer reinsurance capacity in Rwanda

[ad_1] Africa Specialty Risks (ASR), a developing markets-focused re/insurance group, announced it will now offer reinsurance capacity and support to the Rwandan insurance market, following accreditation by the National Bank of Rwanda (NBR). This significant and unitary accreditation applies to the entire ASR Group, which includes ASR Re, our Lloyd’s Syndicate 2454 and our MGA, … Read more

Reinsurance market will continue to thrive in 2025 despite modest softening: AM Best

[ad_1] AM Best has noted that the property reinsurance market remains stable at mid-year 2025, with modest softening appearing at the highest attachment layers, yet the agency expects overall conditions to remain robust through year-end. Following years of subpar underwriting and not covering the cost of capital, the recalibration of the January 2023 renewals drove … Read more

Ventis expands capacity to £70m per location

[ad_1] Ventis, a commercial and residential real estate MGA, has increased its underwriting limits and can now cover single buildings or assets up to £70 million per location. Despite the higher limits, Ventis is committed to keeping things simple. The company continues to prioritise clear processes and swift decision-making, so brokers and clients benefit from … Read more

Rokstone Agriculture launches equine mortality product line with new capacity

[ad_1] Rokstone Agriculture, a MGU specialising in agriculture and livestock, part of re/insurance MGA Rokstone, has secured new capacity to launch a new equine mortality product line for the US market across 19 states. The new product has USD 1,000,000 in admitted capacity came from Professional Solutions Insurance Company (PSIC). This move is a significant … Read more

Aon names Tony DeMarco as Reinsurance MD

[ad_1] Aon, a global insurance and reinsurance broking group, has hired Tony DeMarco from Gallagher Re as Managing Director within its Reinsurance Solutions division, based in New York. In his new role, DeMarco will support the design and execution of casualty placements, drawing on his analytical foundation and international experience. He has over a decade … Read more

W. R. Berkley introduces Berkley Edge, a new specialty insurance provider

[ad_1] W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has announced the creation of Berkley Edge, a business dedicated to delivering professional liability and casualty insurance solutions for small to mid-sized companies. Berkley Edge will concentrate on accounts that are considered difficult to place or distressed, offering its products solely through … Read more

Optio Group names Carrie-Ann Hallett as Head of Insurer Partnerships

[ad_1] Optio Group, a specialty managing general agent (MGA) providing underwriting and distribution solutions across multiple lines of business, has announced the appointment of Carrie-Ann Hallett as Head of Insurer Partnerships, effective immediately, based in London and reporting to Chief Underwriting Officer, Gary Head. Hallett joins Optio from Deloitte, where she was instrumental in guiding … Read more

Canopius names Jinnan Tang as Casualty Treaty Underwriter

[ad_1] Global specialty re/insurer Canopius Group has appointed Jinnan Tang as a Casualty Treaty Underwriter, effective August 11th, 2025, based in Singapore. Tang joins the Asia Pacific (APAC) regional team, reporting to Andrew Parker and Micia Yong in their respective leadership roles. He has over 12 years of experience across underwriting, pricing, reserving, and actuarial … Read more

Howden names Chris Hughes as CEO of New Zealand

[ad_1] Howden, the global insurance and reinsurance broking group, has appointed Chris Hughes as Chief Executive Officer (CEO) of New Zealand (NZ), effective November, after fulfilling his contractual obligations to his current employer. Meanwhile, Nigel Wallace transitions to the role of Chair of the Howden broking business in New Zealand, as expansion continues in the … Read more

T. Rowe Price strengthens insurance business with three new hires

[ad_1] T. Rowe Price, a global investment management firm, has announced three senior appointments to support the continued expansion of its insurance business. Headquartered in Baltimore, Maryland, the firm provides a broad range of investment solutions across equity, fixed income, and multi-asset capabilities for clients worldwide — from individuals and advisors to institutions and retirement … Read more

Insurance data standards key to unlocking AI’s potential: ACORD

[ad_1] In the re/insurance industry, data standards that ensure structured, high-quality, and interoperable information are vital for artificial intelligence (AI) models to function effectively, according to Somesh Mukherjee, VP, Solutions Architecture at ACORD Solutions Group. Mukherjee noted that as AI becomes central to the industry’s evolution, one fact is clear: AI is only as powerful … Read more

CNA makes key leadership changes aimed to enhance underwriting capabilities

[ad_1] Chicago-domiciled insurer CNA Financial Corporation has announced several leadership changes to enhance its underwriting capabilities, including the appointment of David Haas as President of Global Specialty. In his new role, Haas will oversee Financial Lines, Healthcare, Affinity and Warranty. A seasoned executive at CNA, Haas is known for his strong leadership capabilities and market … Read more