Perils, including wildfires, severe convective storms (SCS) and floods, accounted for a record 92% of global insured natural catastrophe losses in 2025, which stood at $107bn. This is according to a study by global reinsurance giant Swiss Re. Major losses include $40bn from the LA wildfires and $51bn from SCS.
Leading specialty underwriter and risk allocator The Fidelis Partnership (TFP) has reported that it chalked up Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) of over $400m and an EBITDA margin of around 60% for the financial year ended 31 December 2025. TFP posted written premiums of $5.4bn for 2025, up from $4.7bn in 2024. The company also recorded 10% revenue growth, all of which was organic.
MAPFRE has appointed Mr Jorge Colomer as CEO of its asset management firm, MAPFRE AM. He will take the helm of the management firm at a pivotal moment, as MAPFRE is stepping up its strategic focus on the financial business by expanding its presence in investment, savings and wealth management solutions.
As extreme weather events intensify, insurers face interconnected pressures, including how to price physical risk more accurately, manage growing volatility and capture emerging demand for resilience-related services, says a report released by MSCI Institute, an organisation that promotes knowledge that tackles systemic challenges to create long-term value through global capital markets.
Rating implications from the Iran conflict will be limited for the global insurance sector if the conflict remains short and major damage to oil production and shipment facilities is avoided, says Fitch Ratings.
The situation in the Middle East, especially in countries directly involved in the conflict, continues to evolve in quick time. The situation on the ground in each country is nuanced, changing rapidly (sometimes by the hour), and travellers are being advised to assess their own risk profile and reasons for going there.
Aon has appointed Mr Tom Langley-Poole and Mr Uday Tank as brokers in the Reinsurance Solutions Credit and Financial Risks team.
Effective 1 April, Marsh has appointed Mr Nick Studer as President and CEO of Marsh Risk, and Mr Martin South as Chief Client Officer of Marsh. Both will serve on the company's Executive Committee.