UAE: Manulife sets milestone with new Dubai office for high-net-worth clients

Published on May 1, 2025
Global financial services group Manulife has opened its office in the Dubai International Financial Centre (DIFC), marking a significant expansion of its global high-net-worth (HNW) business.
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Markel posts strong Q1’25 insurance result despite California wildfire impact

May 1, 2025
Insurer and reinsurer Markel Group’s operating income declined to $282.5 million in the first quarter of 2025 compared with $1.34 billion in the prior year quarter, as the company’s combined ratio rose slightly to 95.8% on the back of underwriting losses from the January 2025 wildfires in California.Markel’s operating income for the quarter includes re/insurance operating income of $145 million, u

Hiscox posts Re & ILS premiums of $492m in Q1’25, expects more favourable mid-year renewals

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Specialist insurer Hiscox has reported an increase in Group insurance contract written premiums (ICWP) of 2.4% to $1.6 billion for the first quarter of 2025, with growth in Retail and London Market slightly offset by a decrease in the Re & ILS business when compared with the prior year.At Hiscox Re & ILS, the company’s reinsurance and insurance-linked securities (ILS) arm, net ICWP grew by 9.1% to