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AIG reports GWP of $10bn for Q2’25 as GI underwriting income increases 46% YoY

Reinsurance News

Global insurer American International Group, Inc. (AIG) has reported General Insurance (GI) gross written premiums (GWP) growth of 2% hitting $10 billion in Q2’25, compared to $9.9 billion in Q2’24, as the segment’s underwriting result impro...

Posted: Aug 07, 2025

Zurich’s P&C segment delivers record profit of $2.4bn for H1’25

Reinsurance News

Large insurer Zurich achieved a 6% year-on-year rise in Group business operating profit (BOP) to a record $4.2 billion for the first six months of 2025, with property and casualty (P&C) BOP rising 9% to an all-time high of $2.4 billion. Group-...

Posted: Aug 07, 2025

Liberty Mutual’s net income climbs 157% in Q2’25 on underwriting & investment gains

Reinsurance News

Liberty Mutual Holding Company has reported Q2 2025 net income of $1.85 billion, up considerably from the $717 million disclosed in Q2 2024, driven by more disciplined underwriting and an excellent investment performance. Liberty Mutual’s Q2 2025...

Posted: Aug 07, 2025

Allianz posts €4.4bn operating profit for Q2’25 with strong P&C performance

Reinsurance News

Global insurer Allianz has reported that its total business volume increased by 8% year-on-year to €44.5 billion in the second quarter of 2025, as operating profit across the Group rose 12% to €4.4 billion, with a particularly strong performance i...

Posted: Aug 07, 2025

Almost $61bn has been raised and invested in InsurTechs since 2012: Gallagher Re

Reinsurance News

As per a new report from reinsurance broker Gallagher Re, around $60.8 billion has been raised and invested in InsurTech firms since its records began in 2012, with around 25% directed toward AI-focused companies. Report author and Gallagher Re’s...

Posted: Aug 07, 2025

Generali’s operating result up 8.7% in H1’25 with improved CoR

Reinsurance News

Global insurer Generali has announced its financial results for the first half of 2025, reporting a consolidated operating result of €4,049 million, up 8.7% compared to the same period last year, as well a slight increase of 0.9% in gross written...

Posted: Aug 07, 2025

Hackers Steal Passwords From UK’s NHS With Sneaky Malware Tool

Insurance Journal

Hackers have stolen login credentials from thousands of people working with the UK’s National Health Service, putting the organization at risk of further cyberattacks, according to researchers. The data theft is linked to a kind of malicious so...

Posted: Aug 07, 2025

Bowhead Specialty’s net income soars 123% to $12.3m in Q2’25

Reinsurance News

Bowhead Specialty Holdings Inc., a provider of casualty and professional liability products, reported a net income of $12.3 million for the second quarter of 2025, a significant increase of 123.1% from $5.5 million in the same quarter a year earli...

Posted: Aug 07, 2025

OnRe appoints Tunde Olowofila Head of Reinsurance

Reinsurance News

OnRe, a global on-chain reinsurance company, has announced the appointment of experienced industry professional, Tunde Olowofila, as its new Head of Reinsurance. In his new position, Olowofila will be responsible for OnRe’s underwriting strategy,...

Posted: Aug 07, 2025

Cybersecurity Pros Say IoT, Large Language Models Are Risk Areas of Concern

Insurance Journal

When it comes to systemic cyber risks, cybersecurity experts rated Internet of Things (IoT) devices and large language models (LLMs) as the most immediate emerging risk areas of concern. That finding came from a recent CyberCube and Munich Re survey...

Posted: Aug 07, 2025

Progressive Could Soon Breach Excess Profits in Florida Auto, Triggering Refunds

Insurance Journal

Despite a significant reduction in personal auto insurance rates in Florida this year, Progressive may soon find itself in the unenviable position of sending small refunds to thousands of current and former policyholders. The corporation’s quar...

Posted: Aug 07, 2025

Federal Judge Upholds Rhode Island’s Gun Permit System for Open Carry

Insurance Journal

A federal judge says Rhode Island’s gun permit system, which requires residents to show “a need” to openly carry a firearm throughout the state, does not violate the Second Amendment. In a ruling handed down Friday, U.S. District Ju...

Posted: Aug 07, 2025

Sollers and Phinsys partner to improve finance in insurance

Reinsurance News

Sollers Consulting, a software integrator and operational advisor, and Phinsys Limited, a provider of consultancy and software solutions, have announced their partnership, a collaboration aimed at bringing advanced automation and efficiency to the...

Posted: Aug 07, 2025

Idaho Man Pleads Guilty to Felony Workers’ Comp Fraud

Insurance Journal

An Idaho man pleaded guilty to one count of felony insurance fraud in connection with a workers’ compensation claim following an investigation led by the DOI’s Fraud Investigation Unit that showed he illegally collected benefits. Mark Cha...

Posted: Aug 07, 2025

Owning Energy

Risk & Insurance

AXA XL plans to be there to help companies achieve their energy goals while at the same time managing financial and reputational risk. The post Owning Energy appeared first on

Posted: Aug 06, 2025

AIG General Insurance Underwriting Income Up 46% in Q2

Insurance Journal

Second quarter underwriting income in AIG’s General Insurance segment increased 46% compared with last year, to $626 million. The unit—North America commercial, International commercial, and global personal—recorded $170 million in catastrophe-...

Posted: Aug 06, 2025

Senior Market Sales acquires MIC Insurance Services

coverager

Terms of the deal were not disclosed.

Posted: Aug 06, 2025

GradGuard Reminds Families to Protect Their College Investment This Fall

coverager

This back-to-school season is the perfect time to prepare and protect that investment in a student's education with GradGuard, the authority in helping schools reduce financial losses while protecting students from the risks of college life.

Posted: Aug 06, 2025

Grupo ilao acquires 21 brokers

coverager

The acquisitions were completed over the past two years.

Posted: Aug 06, 2025

BlueOrchard’s IIF II Fund Invests in Flood Forecasting Firm Previsico

IIR

New capital will support Previsico’s expansion in the U.S. and high-growth emerging markets.

Posted: Aug 06, 2025

Send Names Laura Wathen CFO to Support Global Growth

IIR

The former Funding Xchange CFO will lead financial operations and capital strategy during the insurtech’s next phase of international expansion.

Posted: Aug 06, 2025

Advisors Moving Between Broker-Dealer Firms Can Expect 22% Loss in Assets

Insurance Forums

In 2025, approximately 10% of advisors anticipate transitioning their practice, either through consolidation or individual … Read more

Posted: Aug 06, 2025

Cytora Launches Agentic AI-Powered Reasoning to Automate Pre-Decision Workflows

IIR

The new Unified Risk Reasoning capability applies active, agentic AI to streamline validation, enrichment, and finalization of risk data.

Posted: Aug 06, 2025

Lemonade Posts Another Quarterly Loss but Car Growth Continues

Carrier Management

Lemonade Posts Another Quarterly Loss but Car Growth Continues Ins...

Posted: Aug 06, 2025

Owners of Cargo Ship That Crashed into Baltimore Bridge Sue Vessel Manufacturer

Carrier Management

Owners of Cargo Ship That Crashed into Baltimore Bridge...

Posted: Aug 06, 2025

Hiscox Agrees to Acquire U.S. Specialist InsurTech

Carrier Management

Hiscox Agrees to Acquire U.S. Specialist InsurTech Global specialist insurer Hiscox announced its agreement...

Posted: Aug 06, 2025

Parasites Led to Rise in Pet Claims in Q2 2025

Carrier Management

Parasites Led to Rise in Pet Claims in Q2 2025 Spikes in parasite-related illnesses and one of...

Posted: Aug 06, 2025

US Reversal on Key Climate Finding Spells Uncertainty for Business

Carrier Management

US Reversal on Key Climate Finding Spells Uncertainty for Business The Trump admini...

Posted: Aug 06, 2025

California Cannabis Grower Said 9 Employees Were Among Hundreds Detained in Raid

Insurance Journal

California’s biggest legal marijuana grower said nine of its employees were detained in a federal immigration raid last month that netted hundreds of arrests, and that the business has ended its relationship with two labor contractors that supp...

Posted: Aug 06, 2025

Arthur J. Gallagher acquires MACK Insurance Services

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MACK Insurance Services is a commercial insurance broker from Australia.

Posted: Aug 06, 2025

Hippo reports Q2 results

coverager

The company turned a profit for the first time.

Posted: Aug 06, 2025

CAC Group appoints John Ludwig as president & chief growth officer

coverager

CAC ranks among the top 40 US brokerage firms.

Posted: Aug 06, 2025

Aon launches Accelerate Programme

coverager

The new offering has been designed with technology start-ups and scale-ups in mind.

Posted: Aug 06, 2025

A Guide to Client-Agent Efficiency in Life Insurance Sales

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By combining human expertise with powerful digital tools, agents can deliver more personalized solutions and focus on what matters most — building relationships with clients.

Posted: Aug 06, 2025

Arch opens global capabilities centers in India

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Arch partnered with ANSR to build and scale these offices.

Posted: Aug 06, 2025

Highstreet Insurance Partners adds $550 million in growth capital

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Highstreet is a full-service independent insurance agency.

Posted: Aug 06, 2025

Honeycomb Insurance Announces Partnership with Trisura to Expand Admitted Capacity

coverager

Honeycomb just teamed up with A-rated carrier Trisura to supercharge our admitted capacity in 18 states. Why this matters: We have more than doubled sales in 2024 We consistently keep loss ratios...

Posted: Aug 06, 2025

Hiscox to acquire MGA and carrier operations from Vouch

coverager

Liberty Mutual will recommend to its appointed independent agents that they place impacted Safeco renters, condo and select auto policies with Mercury.

Posted: Aug 06, 2025

3 Key Steps for Climate Risks

Insurance Thought Leadership

3 Key Steps for Climate Risks Data Analytics

Posted: Aug 06, 2025

Sorry, you owe a contribution

Rough Notes

INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS   Sorry, you owe a contribution This matter was purely among insurers. Specifically, an insurance company, designated as a target insurer, sought contributions fr...

Posted: Aug 06, 2025

General contractor fails to prove any harms

Rough Notes

INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS General contractor fails to prove any harms It looks like construction contracts can be difficult to reach completion. That can be easy to understand, since large...

Posted: Aug 06, 2025

Insurers battle over contribution after apartment fire

Rough Notes

INSURANCE-RELATED COURT CASESDigested from case reports published onlineCOURT DECISIONS Insurers battle over contribution after apartment fire A tragic fire occurred at an apartment building where four lives were lost. On the advice of one county 911...

Posted: Aug 06, 2025