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Home insurance firm Hippo reported a 31% year over year increase in revenue to $117 million in the second quarter of 2025, driven by growth in gross earned premium and higher premium retention. Gross written premium rose 16% to $299 million, suppo...
Posted: Aug 06, 2025
Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have exceeded $US50 billion, …
Posted: Aug 06, 2025
Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have exceeded $US50 billion, …
Posted: Aug 06, 2025
First half of 2025 sees artificial intelligence-related filings on pace to far exceed 2024 totals, according to a report from Cornerstone Research and Stanford Law School. The post
Posted: Aug 06, 2025
The Retail International division of European insurer Talanx Group has sold its Argentinian and Uruguayan entities to BARBUSS, a global holding company providing a range of insurance, claims management and financing solutions. Both entities are no...
Posted: Aug 06, 2025
Resilience, headquartered in New York City, named James C. Riviezzo as head of North American distribution and strategy. Riviezzo has over 25 years of industry experience, joining Resilience from At-Bay where he served as head of national broker rela...
Posted: Aug 06, 2025
The Baldwin Group, an independent insurance distribution firm, has announced its financial results for the second quarter of 2025, reporting total revenue growth of 11% year-over-year despite a net loss of $5.1 million. The company’s total revenue...
Posted: Aug 06, 2025
Nexus Mutual, a decentralised risk protection platform that provides crypto-native cover, responded swiftly following a smart contract exploit on Arcadia Finance that occurred on July 15, which led to losses of approximately $3.6 million. The expl...
Posted: Aug 06, 2025
American Financial Group, Inc. (AFG) reported net earnings of $174 million for the second quarter of 2025, down from $209 million in the same quarter a year earlier. Net earnings included after-tax non-core losses of $5 million, compared to $6 mil...
Posted: Aug 06, 2025
Joanne Musselle, Group Chief Underwriting Officer (CUO) of specialist insurer and reinsurer Hiscox, has explained that although the Hiscox Re & ILS business saw aggregate rates decline 6% in the first half of the year, the firm did see a ̶...
Posted: Aug 06, 2025
The owners of the cargo ship that crashed into the Francis Scott Key Bridge are suing the company that built the vessel, alleging negligence in the design of a critical switchboard on the ship. Grace Ocean Private and Synergy Marine …
Posted: Aug 06, 2025
Guidewire, a provider of software solutions for the insurance industry, has released Niseko, its latest update aimed at offering insurers improved visibility into financial performance and risk exposure. Niseko provides developers with tools desig...
Posted: Aug 06, 2025
Pan-African reinsurer Continental Reinsurance has promoted Moadh Derbali to Head of Underwriting for its Facultative Business. According to the reinsurer, his “extensive experience in claims handling, field expertise as a loss adjuster, and...
Posted: Aug 06, 2025
Insurance Business Magazine - US
Posted: Aug 06, 2025
Insurance Business Magazine - US
Posted: Aug 06, 2025
Insurance Business Magazine - US
Posted: Aug 06, 2025
Heritage Insurance has reported Q2 2025 net income of $48 million, up from $18.9 million in the prior year quarter, primarily driven by a reduction in losses and loss adjustment expenses and a reduction in other operating expenses, with an increas...
Posted: Aug 06, 2025
WTW, an advisory and broking firm, is working with UK-based health data analytics company Klarity to test whether wearable technology can improve how life insurers assess and price individual risk. Current life insurance underwriting methods typic...
Posted: Aug 06, 2025
UIB International Ltd, the holding company for the UIB Group’s global investments, has announced the sale of its minority shareholding in UIB Insurance Brokers (India) Private Ltd (UIB India) to Edme Services Private Ltd, an affiliate of Samara Ca...
Posted: Aug 06, 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting an adjusted pre-tax operating income (APTOI) of $942 million despite a net loss of $660 millio...
Posted: Aug 06, 2025
Optio Group, a specialty managing general agent (MGA), has completed its acquisition of the Luxembourg-based MGA Circles Group (Circles). The transaction, initially announced in October 2024, reportedly marks Optio’s largest acquisition in Europe...
Posted: Aug 06, 2025
GREENWOOD VILLAGE, Colo., Aug. 6, 2025 — Mile High Markets, a specialty commercial auto program administered by Arrowhead General Insurance Agency, Inc. and supported by Arrowhead Programs, is marking 40 years of continuous service in the rental vehi...
Posted: Aug 06, 2025
New Physical Damage coverage now available in Pennsylvania, Ohio, New Jersey, Illinois, California, and Texas; Georgia, Florida, and additional states to follow. Warminster, PA., August 5, 2025 — Reliable Transportation Association (RTA) is a p...
Posted: Aug 06, 2025
Lancashire has reported insurance revenue of $930.1 million for the first half of 2025, an increase of $76 million, or 8.9%, compared to the same period in 2024. Of that total, the reinsurance segment contributed $450.6 million, while the insuranc...
Posted: Aug 06, 2025
Howden Re, the global reinsurance broking arm of Howden Group, has received a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC), with Julian Samengo-Turner a...
Posted: Aug 06, 2025
Howden Re, the global reinsurance brokerage arm of Howden Group, announced it has secured a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre, the leading global financial...
Posted: Aug 06, 2025
This post is part of a series sponsored by Old Republic Surety. Antarctica is one of the most remote and isolated places on Earth. As the coldest and windiest continent on the planet according to the United States Antarctic Program, …
Posted: Aug 06, 2025
The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025, which is almost double the 10-year average and more than half of the firm’s projected full-year figure of $150 billion. Acco...
Posted: Aug 06, 2025
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a...
Posted: Aug 06, 2025
Rothesay, a pensions insurance specialist, has completed a £900m buy-in with the National Grid UK Pension Scheme in July 2025, securing the benefits of 7,130 pensioners and their dependents. The transaction brings the total value of the Scheme’s d...
Posted: Aug 06, 2025
UK businesses are turning to the self-employed in an effort to rein in costs as they try to navigate Chancellor of the Exchequer Rachel Reeves’ £26 billion ($34.5 billion) payroll tax hike. Advertised contract jobs have risen 22% since April, &...
Posted: Aug 06, 2025
Nexus Underwriting, a Brown & Brown group subsidiary, has appointed Eamonn Long as Chief Underwriting Officer (CUO) for its Alternative Risk Transfer (ART) business. In his new role, Long supports and grows Nexus’s service in ART, translating...
Posted: Aug 06, 2025
Hiscox Re & ILS, which comprises the global insurer’s reinsurance businesses in London and Bermuda and insurance-linked securities (ILS) activity, posted a 7% rise in insurance contract written premium (ICWP) for the first half of 2025 t...
Posted: Aug 06, 2025
Bermuda-based reinsurer PartnerRe has reported net income of $493 million for the first half of 2025, up on the prior year’s $362 million by 36% despite the non-life segment falling to an underwriting loss as a result of the January Californ...
Posted: Aug 06, 2025
According to a recent report from AM Best, a credit rating agency, the bond portfolio yield for the US life/annuity (L/A) insurance industry rose to its highest point in ten years in 2024, increasing by 22 basis points to 4.79%. However, AM Best n...
Posted: Aug 06, 2025
Tysers, an independent Lloyd’s insurance broker and part of the Australian AUB Group, has announced the appointment of Desmond Cheok as Associate Director, Property & Casualty (P&C), in Singapore. In his new role, Cheok will report to Tim...
Posted: Aug 06, 2025
A newly released decade-long study by the Workers’ Compensation Research Institute (WCRI) indicates that claims initiated by nurse practitioners and physician assistants didn’t lead to negative outcomes and suggested some benefits when co...
Posted: Aug 06, 2025
President Donald Trump’s administration proposed a rule to allow more commercial drones to fly beyond an operator’s visual line of sight, a potential boon for companies such as Alphabet Inc.’s Wing unit and Walmart Inc. pushing to d...
Posted: Aug 06, 2025
J.C. Flowers & Co. (JCF), a private investment firm dedicated to investing in the financial services industry, has announced that investment vehicles affiliated with JCF (JCF Funds) have acquired Caleas Srl, a Milan-based insurance brokerage....
Posted: Aug 06, 2025
AIG could pay dearly for refusing to budge on a claim settlement offer of $2.65 million for nearly a year after receiving estimates that a jury would likely award the claimant $7.5 million for her injuries. A jury did eventually …
Posted: Aug 06, 2025
The Future of AI-Driven Risk Mitigation Predict & Prevent
Posted: Aug 05, 2025
Insurers Need Better Supplier Access Management Cyber
Posted: Aug 05, 2025
Actuarial Transformation Hinges On Human Elements Underwriting
Posted: Aug 05, 2025
How Insurtechs Must Build Ethical AI AI & Machine Learning
Posted: Aug 05, 2025