Sompo’s global reinsurance CoR improves on lower CAT losses in Q1 FY’25

[ad_1] Sompo Holdings, Inc. has posted results for its overseas insurance/reinsurance business for the first quarter of the 2025 financial year, reporting a global reinsurance combined ratio of 85.8%, down 10.9 points from 96.7% a year earlier, due to better-than-expected CAT loss experience. Commercial insurance CoR increased 5.2 points to 93.9% from 88.7%, mainly due … Read more

Healthy & constructive market environment needs to be the new norm: Swiss Re CEO

[ad_1] Andreas Berger, Group Chief Executive Officer (CEO) of reinsurance giant Swiss Re, said this morning that the current healthy and constructive reinsurance market environment needs to be the new normal as companies must earn their cost of capital. After posting a 24% rise in net income and strong underwriting profitability across the business for … Read more

Aviva grows operating profit 22% to £1.1bn in H1’25

[ad_1] British insurer Aviva has reported an operating profit of £1.1 billion in the first half of 2025, representing a 22% increase from £875 million in the same period a year earlier. General insurance premiums increased 7% to £6.3 billion in H1’25 from £6 billion in H1’24. By region, UK&I General Insurance premiums rose 9% … Read more

Talanx generates record net income for H1’25 of €1.4bn

[ad_1] European insurer and parent of large reinsurer Hannover Re, Talanx Group, has generated a record half-year 2025 net income of €1.37 billion, compared to €1.09 billion in the same period last year, representing 26% growth, leading the firm to raise its net income forecast for 2025 to roughly €2.3 billion. The profit growth was … Read more

Thomas O’Brien joins Canada Life Re as Head of Reinsurance Operations Europe

[ad_1] Canada Life Reinsurance, a provider of reinsurance solutions for life and health, has announced the appointment of Thomas O’Brien from Hannover Re as CEO CLRe Ireland and Head of Reinsurance Operations Europe, a Dublin-based role. O’Brien is joining the company following a 15-year tenure at Hannover Re, where he most recently served as General … Read more

Advent to acquire Sapiens for $2.5bn

[ad_1] Advent, a leading global private equity investor, has entered into a definitive agreement to acquire Sapiens International Corporation N.V., a provider of software solutions for the insurance industry, for $43.50 per common share, in an all-cash transaction that values Sapiens at an equity value of approximately $2.5 billion. Under the terms of the agreement, … Read more

IAG’s net profit rises 51.3% to A$1.4bn in FY’25

[ad_1] Australian insurer IAG has reported a net profit after tax of A$1.4 billion for the full 2025 financial year, a 51.3% increase compared to A$898 million in FY24. The company attributed the rise in net profit to higher net earned premiums, increased insurance profit, stronger investment income on shareholders’ funds, and pre-tax releases of … Read more

Lockton appoints Marrero President, Chief Growth Officer for US operations

[ad_1] Lockton, a global independent insurance brokerage, has announced the appointment of Hiram Marrero as President, Chief Growth Officer for its U.S. operations, a Florida-based role. In this newly established role, Marrero will leverage his 25 years of insurance experience to support Lockton’s US growth strategy, aligned to geographical and industry expansion, and other initiatives … Read more

Resilience appoints Michelle Worrall as Global Director of Insurance Product

[ad_1] Resilience, a provider of cyber risk solutions, has announced the appointment of Michelle Worrall as Global Director of Insurance Product. Based in Chicago, Worrall will report to Maria Long, Chief Underwriting Officer, and will be responsible for expanding Resilience’s insurance products and strengthening its ability to tailor solutions to the evolving cyber risk landscape. … Read more

SCOR launches second Ecological Restoration Insurance Solution Product: ‘Manage’

[ad_1] SCOR has launched ‘Manage’, the second product in its Ecological Restoration Insurance Solution, which Harmender Singh Kalirai, Chief Transaction Officer at SCOR P&C, described as “the next evolution of the Solution.” The Manage product was announced by Jean-Paul Conoscente, CEO of SCOR P&C, during his welcome speech at the inaugural SCOR Innovation Days, which … Read more

Ford’s ‘Model T Moment’ Touts a Brand-New Universal Electric Vehicle Strategy: Here Are the Details

[ad_1] Ford announced its “Model T moment” in Louisville Monday — previewing its new electric vehicle strategy. In the short term, automakers may be pivoting hard toward hybrids over fully electric vehicles, but Ford Motor Company is still investing significant time, money and marketing strategy into its next-generation EVs. In fact, the company just announced … Read more

Mehmet Shukri to lead Aon’s UK Reinsurance Client Services

[ad_1] Aon, a global insurance and reinsurance broking group, has announced the appointment of Mehmet Shukri as Head of UK Client Services for Aon’s Reinsurance Solutions, effective immediately. In his new role, Shukri will focus on accelerating client value in line with the firm’s global Reinsurance Solutions advocacy proposition, ensuring all Aon clients receive expert … Read more

AXIS Capacity Solutions launches led by David Murie

[ad_1] AXIS Capital Holdings Limited, a global specialty underwriter and provider of re/insurance solutions, has launched AXIS Capacity Solutions, a new business unit dedicated to developing and supporting structured and multi-line portfolio capacity deals on both a facilitated and delegated basis. AXIS has appointed David Murie as Head of AXIS Capacity Solutions. He will be … Read more