Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97 billion).
Markel has announced the appointment of Jack Matthews as Underwriter for its War and Terrorism portfolio.
Reinsurance broker Guy Carpenter has named Matt Petka as President of GC Access North America and Branch Manager of the firm’s Dallas office, as Riley Underwood takes over as Head of Client Solutions for GC Access, effective immediately.
Property and casualty insurer, The Hanover Insurance Group, saw its net income rise 75% year-on-year to $178.7 million in the third quarter of 2025, as the firm’s combined ratio strengthened by 4.4 percentage points to 91.1% on the back of a lower loss and loss adjustment expense (LAE) ratio of 59.8%, reflecting lower catastrophe losses in the period.
Data released by the Insurance Council of New Zealand Te Kāhui Inihua o Aotearoa (ICNZ) says that total insurance payments for extreme weather events is already nearing $200m in H1 2022.
Fusion Specialty (Fusion), a global specialist in M&A insurance and a subsidiary of POP Group Holdings, has appointed Steven Harwood as Managing Partner for M&A in the Asia Pacific (APAC) region. In this new role, Harwood will lead Fusion’s M&A team in APAC, overseeing operations from New Zealand to India.
Agents and Brokers, Catastrophe Modeling, Catastrophes, Mergers and Acquisitions, P/C Insurers, Property Latin America Aon
A new report from Lloyd’s and Aon says that the sector most affected by Russia’s invasion of Ukraine will be the energy sector.
According to insights gathered by Morgan Stanley, reinsurers experienced a pullback towards the end of 2023, prompting investors to scrutinise the factors that could drive the industry beyond the highs of the previous year.
AM Best has affirmed its Stable outlook for Spain’s non-life insurance segment, citing a number of positive trends that are expected to help improve the sector’s performance.
Catastrophe Modeling, Catastrophes, P/C Insurers
Catastrophes, Financial Results, P/C Insurers, P/C Pricing, Risk Management Central & Eastern Europe, Russia AIG
White Mountains has released its fourth-quarter results for 2023, reporting that its Ark partner firm produced strong underwriting results in both the quarter and the full year, while growing full-year gross written premiums 31%, according to CEO Manning Rountree.
