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Heritage’s net income hits $50.4m in Q3’25 as GPW grows by 6.4%

Reinsurance News

Heritage Insurance has reported net income of $50.4 million for the third quarter of 2025, an increase from $8.2 million in the prior year quarter, primarily driven by a significant reduction in losses and loss adjustment expenses and a reduction...

Posted: Nov 07, 2025

Westfield Specialty posts 89.9% CoR and $92m underwriting income in 9M’25

Reinsurance News

Westfield Specialty, a global specialty insurance carrier, reported a strong combined ratio of 89.9% for the first nine months of 2025, alongside underwriting income of $92 million, which are “considerably ahead of planned results.” For 9M’25, gro...

Posted: Nov 07, 2025

Strong underwriting drives Fairfax Q3’25 net earnings, CoR improves to 92.0%

Reinsurance News

Fairfax Financial Holdings Limited has announced its financial result for the third quarter of 2025, reporting net earnings of $1,151.7 million, increasing from the $1,030.8 million net earnings reported in the same period last year. This increase...

Posted: Nov 07, 2025

Laws to succeed Nutter as President and CEO, Reinsurance Association of America

Reinsurance News

The Reinsurance Association of America (RAA), a national trade association representing property and casualty reinsurers operating in the United States, has appointed Tracey Laws as its President and Chief Executive Officer (CEO), effective Decemb...

Posted: Nov 07, 2025

Liberty Mutual sees strong Q3’25 results with $2.22bn net income and 84.7% CoR

Reinsurance News

Liberty Mutual Holding Company (LMHC) has reported net income of $2.22 billion, and a consolidated combined ratio of 84.7% for the third quarter of 2025, driven by strong underwriting performance and a drop in catastrophe losses Q3 2025’s net inco...

Posted: Nov 07, 2025

Introducing the 2026 Executives to Watch

Risk & Insurance

The insurance carrier executives featured in this series began their climb to the top years ago. Now, we can watch in appreciation as they move the industry forward. The post

Posted: Nov 07, 2025

The 2026 Executives to Watch: The Hartford’s Vladimir Stojanovic

Risk & Insurance

The Hartford appoints veteran industry strategist Vladimir Stojanovic to lead new initiative aimed at identifying emerging opportunities and driving enterprise-wide innovation. The post

Posted: Nov 07, 2025

The 2026 Executives to Watch: Allianz Risk Consulting’s Konstantinos Papapetridis

Risk & Insurance

From fighter jets to risk resilience, an engineer’s vision for modern risk management. The post The 2026 Executives to W...

Posted: Nov 07, 2025

Jamaica to Get 2nd Parametric Insurance Payout for Excess Rainfall From Storm Melissa

Insurance Journal

The Caribbean parametric insurer, CCRIF SPC, announced it will make a second payout of US$21.1 million to the government of Jamaica – a policy triggered by excess rainfall from Hurricane Melissa. This payout follows the CCRIF’s first record pay...

Posted: Nov 07, 2025

The 2026 Executives to Watch: AXA XL’s Tim Whisler

Risk & Insurance

How Tim Whisler is positioning AXA XL for continued success through disciplined execution and technological innovation. The post The 2026 Executives t...

Posted: Nov 07, 2025

The 2026 Executives to Watch: QBE North America’s Todd Greeley

Risk & Insurance

How Todd Greeley is building teams to tackle today’s complex risks. The post The 2026 Executives to Watch: QBE North America’s Todd...

Posted: Nov 07, 2025

The 2026 Executives to Watch: Travelers’ Dave Raymond

Risk & Insurance

Travelers’ Dave Raymond keeps a pulse on the everchanging captives landscape — and works to get ahead. The post The 2026 Executives to Watch: Trave...

Posted: Nov 07, 2025

Palomar’s net income rises 68.7% to $51.5m in Q3’25

Reinsurance News

Specialty insurer Palomar Holdings, Inc. reported a net income of $51.5 million in the third quarter of 2025, up 68.7% from $30.5 million in the same period a year earlier. In Q3’25, gross written premiums increased 43.9% to $597.2 million, compar...

Posted: Nov 07, 2025

The 2026 Executives to Watch: The Doctors Company’s Deepika Srivastava

Risk & Insurance

Deepika Srivastava is tackling challenges in health care head-on by modernizing platforms, creating faster, more accurate and more accessible services for physician clients. The post

Posted: Nov 07, 2025

The 2026 Executives to Watch: Westfield Specialty’s Ryan Givens

Risk & Insurance

As the specialty insurance market faces increasing complexity and emerging risks, this actuarial leader is reimagining how Ryan Givens delivers insights to underwriters while leveraging new technologies and maintaining personal balance. Th...

Posted: Nov 07, 2025

The 2026 Executives to Watch: Arch Insurance North America’s Jason Conkin

Risk & Insurance

Arch’s Jason Conkin set out to build a wholesale underwriting team that truly partners with brokers and responds proactively rather than reactively. The post

Posted: Nov 07, 2025

The 2026 Executives to Watch: Liberty Mutual’s Neal Bhatnagar

Risk & Insurance

How one executive is reshaping major accounts insurance through partnership and purpose. The post The 2026 Executives to Watch: Liberty Mut...

Posted: Nov 07, 2025

The 2026 Executives to Watch: BHSI’s Hilary Browne

Risk & Insurance

As a leader, BHSI’s Hilary Browne focuses on the company’s underwriting strategy and developing talented, diverse, collaborative teams which can continue to evolve with the global insurance landscape. The post

Posted: Nov 07, 2025

Moody’s RMS expects Hurricane Melissa’s private market insured losses between $3-5bn

Reinsurance News

Catastrophe risk modeller Moody’s RMS Event Response has estimated private market insured losses driven primarily by wind impacts in Jamaica, with minimal contributions from other impacted Caribbean islands, including the Bahamas, Haiti, and...

Posted: Nov 07, 2025

Making Auto Insurance Affordable: Industry Executives Celebrate Florida Reforms

Carrier Management

Making Auto Insurance Affordable: Industry Executives Celebrate F...

Posted: Nov 07, 2025

Bain Capital Private Credit Executive Brushes off Systemic Concerns, Eyes Asia Growth

Insurance Journal

The global private credit market currently has no systemic risks, while Asia offers the biggest growth opportunities, a senior Bain Capital private credit executive told Reuters. Concerns about weak lending standards in credit markets have resurfaced...

Posted: Nov 07, 2025

Jamaica gets additional $21.1m from CCRIF’s excess rainfall parametric policy for Melissa

Reinsurance News

The government of Jamaica is set to receive a second payout of USD 21.1 million following the passage of Hurricane Melissa, which has triggered the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company’s (CCRIF SPC) excess rai...

Posted: Nov 07, 2025

GILC report reveals rising catastrophe costs and insurance innovations to close protection gap

Reinsurance News

Global Insurance Law Connect (GILC), an international network of law firms specialising in insurance and reinsurance, has published its inaugural Property Catastrophe and Climate Governance Report, drawing on contributions from 23 member firms wor...

Posted: Nov 07, 2025

Irish Regulator Fines Coinbase Europe 21.5 Million Euros Over Monitoring Failures

Insurance Journal

Ireland’s central bank fined an Irish subsidiary of cryptocurrency exchange Coinbase Global 21.5 million euros ($25 million) on Thursday for breaching anti-money laundering and counter-terrorist transaction monitoring obligations. The Irish reg...

Posted: Nov 07, 2025

Founder Akin Båmstedt assumes CEO role at 1B Insurance

Reinsurance News

1B Insurance has announced that founder Akin Båmstedt has officially assumed full executive leadership as Chief Executive Officer (CEO), taking over from John Morley. Based in Zug, Switzerland, 1B Insurance is dedicated to securing emerging techno...

Posted: Nov 07, 2025

Marco Capital finalises acquisition of R&Q Gamma

Reinsurance News

Marco Capital Holdings Limited, a European group specialising in the acquisition and management of property and casualty (P&C) insurance run-off portfolios and companies, has finalised the purchase of R&Q Gamma Company Limited. R&Q Gam...

Posted: Nov 07, 2025

EDME Insurance Brokers appoints Vinod Krishnan as CEO of its Treaty Reinsurance Division

Reinsurance News

EDME Insurance Brokers, one of India’s largest insurance and reinsurance broking firms, has announced the appointment of Vinod Krishnan as the Chief Executive Officer of its Treaty Reinsurance vertical. In his new role, Krishnan will spearhead the...

Posted: Nov 07, 2025

AI adoption drives productivity growth and opens business opportunities: Hiscox CFO Cooper

Reinsurance News

Specialist insurer Hiscox’s multi-year collaboration with Google is serving as a central growth driver for the deployment of artificial intelligence (AI) and machine learning across its business, according to comments by the company’s CFO, Paul Co...

Posted: Nov 07, 2025

Consumers Are the Front Line in Fighting Insurance Fraud

Insurance Journal

The U.S. loses approximately $308.6 billion in insurance fraud, leading to each policyholder paying $900 more through annual premium increases, according to the Coalition Against Insurance Fraud. Scams affecting American policyholders and companies a...

Posted: Nov 07, 2025

Baldwin Group names Valerio as COO, Insurance Advisory Solutions

Reinsurance News

The Baldwin Group, an independent insurance distribution firm, has appointed Joe Valerio as Chief Operating Officer (COO) of Insurance Advisory Solutions (IAS), the firm’s retail property and casualty and employee benefits brokerage business. In h...

Posted: Nov 07, 2025

Baldwin Group Posts $30M Q3 Loss But Expects More Embedded Builders Growth

Insurance Journal

Fresh off its subsidiary’s purchase of a builder-linked homeowners’ insurance program, the Tampa-based Baldwin Group took another hit to its bottom line in the third quarter this year. But the brokerage and advisory group expects the loss...

Posted: Nov 07, 2025

Washington Woman’s Fraud Conviction Saves System $1.3M in Lifetime Payments

Insurance Journal

An Auburn, Washington woman was convicted for fraud after receiving a lifetime pension following her reported injury while working at a supply company. Lemapu Dorothy Seinafo, 56, pleaded guilty to one count of third-degree theft and was ordered to r...

Posted: Nov 07, 2025

Connecticut Collects $95M in Insurance Industry Fees, Fines and Taxes

Insurance Journal

For the 2025 fiscal year, the Connecticut Insurance Department (CID) collected more than $95 million in revenue that has boosted the state’s general fund. The revenue included approximately $2.2 million from insurance industry fines and penalti...

Posted: Nov 07, 2025

People Moves: Mutual of Enumclaw Hires New Executives; King & Neel Appoints Itami and King to Leader...

Insurance Journal

Mutual of Enumclaw Hires New Executives Mutual of Enumclaw named Daniel Guthrie as vice president of product operations and chief operating officer and Hem Chari as chief information officer. Guthrie has more than 25 years of leadership experience in...

Posted: Nov 07, 2025

Nirvana and Pulse merge to create specialty MGA platform

Reinsurance News

Managing General Agents (MGAs) Nirvana and Pulse have officially completed their planned merger, following regulatory approval from the Financial Conduct Authority (FCA). Financial terms were not disclosed. The newly combined entity established a...

Posted: Nov 07, 2025

Landlord Gets Another Chance to Hold Broker Liable for Failed Lead Paint Disclosure

Insurance Journal

A federal court of appeals has revived a case over an alleged failure of insurance broke Willis of New Jersey to notify the insurer for one of its New York clients of the presence of lead paint in his residential …

Posted: Nov 07, 2025

The Keys to the Success of Vermont’s Thriving Captive Insurance Industry

Risk & Insurance

In an increasingly complex global insurance landscape, captive insurance domiciles face the challenge of balancing growth, innovation, and regulatory integrity. The post

Posted: Nov 07, 2025

AM Best Revises Outlook to Positive for Michigan Millers Mutual

Insurance Journal

AM Besthas revised the outlook to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of “a” (Excellent) of Michigan Millers Mutual Insurance Company (Michigan Millers) based in Lan...

Posted: Nov 07, 2025

Texas Asks Court to Halt Kenvue Tylenol Marketing, Dividend

Insurance Journal

Texas officials have asked a state court judge to temporarily block Kenvue Inc. from marketing Tylenol as safe for pregnant women, and from issuing a dividend, escalating the company’s legal woes just days after announcing a major merger with K...

Posted: Nov 07, 2025