Seven of the 12 leading P&I clubs - marine mutual insurance associations established and run by shipowners and related stakeholders - will cease providing war risk coverage for vessels entering the Persian Gulf from the 5th.
The boards of Zurich and Beazley announce that they have agreed the terms of a recommended all-cash offer by Zurich for the entire issued and to be issued share capital of Beazley.
Swiss Re's Board of Directors has announced plans to nominate Mr Jean-Jacques Henchoz for election as a new, non-executive and independent member of the Board for a one-year term.
Global reinsurance giant Swiss Re increased its group net income by 47% in 2025, delivering a historic-high profit of $4.8bn, against a target of more than $4.4 bn. The ROE was 19.6% for 2025, increased from 15.0% in 2024.
Specialty (re)insurance broker Consilium has launched its Energy Risk Solutions Division, and also appointed Mr Johnny Hilliard as Managing Partner.
Munich Re has surpassed its profit guidance for the fifth consecutive year, reporting a net result of EUR6.1bn ($7.2bn) for the 2025 financial year -- EUR0.1bn above its target. The reinsurer said all financial and non-financial goals it set under its 'Ambition 2025' strategy have been achieved.
The London P&I Club has concluded the 2026 renewal season with a positive outcome, reflecting sustainable growth supported by underwriting discipline, portfolio quality and service-led relationships with members and assureds.
HDI Global has promoted Mr Haris Michaels to the position of Head of Energy & Power Eastern Region at the Singapore branch, and Mr Mark Mackay to the position of Global Head of Energy & Power. Both positions are effective 1 March 2026.