Reinsurance News
QIC’s net profit rises 10% to QAR 806m in 2025
16th February 2026
Qatar Insurance Company (QIC) has reported a net profit of QAR 806 million for the full year 2025, representing a 10% increase compared to 2024. Net profit before the Pillar Two global tax provision increased 19% year over year to QAR 874 million, while net profit attributable to QIC shareholders rose ... Read the full article
Willis names Michelle Ng as Head of Risk & Analytics, Pacific
16th February 2026
Willis, a WTW business, has appointed Michelle Ng as Head of Risk & Analytics, Pacific, succeeding Matt Frost, who has retired from the company. In her new role, Ng will lead the Pacific Risk & Analytics (R&A) team to deliver data-driven insights, actuarial expertise, and advanced risk modelling capabilities to clients ... Read the full article
India opens insurance sector to 100% foreign ownership under automatic route
16th February 2026
The Department for Promotion of Industry and Internal Trade has formally liberalised India’s insurance sector, permitting up to 100% foreign direct investment (FDI) under the automatic route, marking a significant shift in ownership policy for insurers operating in the country. Under the revised framework, foreign investors will no longer require prior ... Read the full article
Miller appoints Sailesh Divakaram as Head of Treaty Asia
16th February 2026
Miller, the independent specialist insurance and reinsurance broker, has announced the appointment of Sailesh Divakaram as Head of Treaty Asia. Based in Miller’s Singapore office, Divakaram will report to Richard Broad, Head of Treaty (Asia Pacific). Together, Divakaram and Broad will focus on driving the continued growth of Miller’s regional treaty capability ... Read the full article
Trisura reports Q4’25 net income of $37.6m and 85.2% CoR
16th February 2026
Trisura Group, a specialty insurance provider, announced its financial results for the fourth quarter of 2025, reporting a net income of $37.6 million, which increased 95.1% from the $19.2 million reported in Q4 2024, and a combined ratio of 85.2%. According to the insurer, the increase in net income was primarily ... Read the full article
Gallagher names Hassan Ashtari as Senior Executive Officer of Middle East Artex joint venture
16th February 2026
Gallagher & Co., the international insurance brokerage, risk management and consulting group, has appointed Hassan Ashtari as Senior Executive Officer (SEO) of its Middle East joint venture with Artex Risk Solutions. The joint venture operates from the Abu Dhabi Global Market (ADGM) and provides alternative risk and captive management solutions across ... Read the full article
Kettle and RLI launch new multi-peril commercial property insurance product
16th February 2026
AI-enabled insurance and reinsurance underwriter Kettle has partnered with RLI, a U.S.-based specialty insurer, to launch a new multi-peril commercial property insurance product. Kettle explained that the non-admitted product provides comprehensive protection, including wildfire and all other perils (AOP), for commercial properties in regions where coverage has become increasingly difficult to ... Read the full article
Zurich granted extension of PUSU deadline for Beazley proposal
16th February 2026
The two insurers reached an agreement on the key financial terms of a possible recommended cash offer for Zurich to acquire 100% of Beazley on February 4th, and Zurich has now been granted an extension of the PUSU deadline by more than two weeks. The ‘Put up or Shut up’ (PUSU) ... Read the full article
ARPC completes reduced $2bn terrorism retrocession program for 2026
16th February 2026
Australia’s terrorism reinsurance pool, administered by Australian Reinsurance Pool Corporation (ARPC), has purchased a reduced terrorism retrocession limit of $2 billion, with an increased deductible of $500 million, for the 2026 calendar year. ARPC explained that this reflects its current assessment of portfolio risk, prevailing reinsurance market conditions, and the protection ... Read the full article
Ping Li (Eva) appointed to expanded leadership role at Howden Re China
16th February 2026
Howden, an insurance brokerage and risk advisory group, has promoted Ping Li (Eva) to a senior leadership role within its reinsurance division, Howden Re, in Mainland China. Ping Li has more than 15 years of experience across the insurance and reinsurance sectors and has been part of Howden’s China team for ... Read the full article
Consilium launches blended PI, D&O and crime policy for real estate
16th February 2026
Consilium, a specialist re/insurance brokerage, has launched a blended professional indemnity (PI), directors & officers (D&O) and crime policy to address the risks faced by real estate professionals when working collaboratively on property deals and ventures. The launch aims to address the market gap left by a single PI and D&O ... Read the full article
Pen Underwriting adds Nahal and Parkash to PI underwriting team
16th February 2026
Pen Underwriting, a multi-class multi-territory managing general agent (MGA), has expanded its team of professional indemnity (PI) underwriters in Birmingham, with the addition of Raman Nahal as Senior PI Underwriter, and Jazz Parkash as PI Underwriter, effective February 2nd, 2026. The appointments aim to strengthen Pen’s multi-disciplinary team of specialist underwriters ... Read the full article
European reinsurer price declines less severe than broker headlines: JP Morgan
13th February 2026
Price declines reported so far by European reinsurers are much less severe than the figures reported by reinsurance brokers, aided by diversified portfolios which help to buffer the impact, according to JP Morgan analysts. The report from JP Morgan states that European reinsurers struggled at the start of 2026, falling 4.2% ... Read the full article
Tokio Marine’s international business profits rise in Q3’25
13th February 2026
Tokio Marine Holdings has announced its financial results for the third quarter of the 2025 fiscal year, reporting that its international business profits reached JPY376.7 billion, a 19% increase compared to the same period they year prior. This performance was driven by robust underwriting across all entities, as well as decreased ... Read the full article
Chubb makes changes to North America Field Operations leadership team
13th February 2026
Chubb has announced a number of North America Field Operations leadership changes, which include the appointment of Chad Yarlagadda as Regional Executive Officer, Midwest Region; Ben Mortimer as Regional Executive Officer, Southeast Region; and Kelley Kinsella’s retirement. Yarlagadda, who currently serves as Regional Executive Officer in the Southeast Region, will succeed ... Read the full article
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