Saudi Re Q1 2026: Net Profit Rises 32% as Revenue Surges 73% on Mandatory Cession Rules
Saudi Re Q1 2026 net profit up 32% to SAR 46.7M, insurance revenue +73% to SAR 560M. How Saudi Arabia's 30% mandatory cession rules…
Player Type
Insurers
Baltimore Bridge Loss Reaches $2.8B, Setting a New Benchmark for US Marine Claims
Baltimore Bridge insurance loss confirmed at $2.8B — 87% above initial estimates. P&I clubs consumed 93% of their GXL tower. How reinsurers, port underwriters,…
Thomas Buberl Wins AXA Mandate Through 2030, Locking In AI and P&C Growth Strategy
AXA CEO Thomas Buberl wins a four-year mandate through 2030 confirmed at the April 30 AGM, locking in the Unlock the Future strategy with…
Markel Holds the Line on Casualty Pricing as Sidecar-Backed MGAs Push Rates Down
Casualty market softening draws a public response from Markel CEO Simon Wilson, who says the insurer will shrink rather than match inadequate rates as…
Canopius Launches Standalone Cyber War Cover for State-Sponsored Attacks
Cyber war coverage for state-sponsored attacks went on sale April 27 as Canopius launched a specialty add-on that fills the gap Lloyd's war exclusions…
Ping An AI Agents Log RMB 30.4B in New Sales, Setting a Global Benchmark for Agentic Distribution
Agentic AI systems generated RMB 30.44 billion in new insurance sales at Ping An in Q1 2026, automating 82% of interactions — a revenue-scale…
Aviva Acquires DisasterCare to Cut Property Claims Response Times and Lock In Contractor Quality
Aviva completes the acquisition of DisasterCare Group — 200+ staff, 27 UK branches, The Flood School — its third major deal in three years,…
Iran-US Tensions Drive Aviation and Hull War Risk Premiums Higher Across Gulf Corridor
Escalating Iran-US geopolitical tensions have triggered Lloyd's JWC area updates and 30–60% aviation war risk premium increases for Gulf corridor routes, with marine hull…
APRA Calls for Step Change in AI Risk Governance Across Insurance Sector
APRA AI risk governance directive urges insurers to strengthen AI controls as EIOPA and NAIC frameworks converge, creating H2 2026 compliance deadlines.
Ageas Takes Full Ownership of AG Insurance in €1.9B Deal with BNP Paribas
Ageas AG Insurance acquisition completes at €1.9B, giving Belgium’s top insurer full ownership and securing a 15-year BNP Paribas bancassurance deal.