News

New research conducted by hyperexponential (hx), a provider of pricing decision intelligence software for the insurance industry, suggests a growing transatlantic divide in the adoption of artificial intelligence (AI). While both UK and US insurers recognise the promise AI holds for the sector, hyperexponential’s findings reveal that US firms […]

Howden India has appointed Mandira Gupta as Managing Director and Head of M&A for India, the Middle East, and Africa (IMEA). Gupta holds over two decades of M&A leadership experience in insurance broking and investment banking, having reportedly advised on several of India’s most complex and high-profile transactions. She most recently […]

Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported an 8.9% increase in group-wide gross premiums written (GPW) to $6.5 billion for the first quarter of 2025, compared to $5.9 billion last year, as the firm’s combined ratio deteriorated to 90.1% on higher catastrophe losses driven by the California wildfires. In […]

EPIC Insurance Brokers and Consultants, a US-based retail property and casualty insurance brokerage and employee benefits consulting firm, has announced the appointment of Sean Jackson as Managing Principal and Global Leader. In this newly elevated role, Jackson will work to strengthen relationships with international broker partners and drive […]

Morningstar DBRS has indicated that the financial losses related to insurance claims from the severe power outage in the Iberian Peninsula will be manageable, with insured losses estimated between €100 million and €300 million in Spain, and significantly lower amounts expected in Portugal. Although the cause of the outage remains unknown, the […]

The Dubai International Financial Centre’s (DIFC) re/insurance business increased by 35% as gross written premiums (GWP) hit $3.5 billion, generated by 125 insurance-related entities in 2024, compared to $2.6 billion in 2023. The Middle East insurance sector is thriving and well-positioned to continue expanding through heavy regional investment […]

Vantage Group Holdings, a specialty insurer and reinsurer, has announced the appointment of Paul Livingstone as Senior Vice President for Credit, Mortgage, and Structured Re/Insurance. In his new role, Livingstone will lead the expansion of Vantage’s credit risk re/insurance business, focusing on identifying opportunities to diversify its […]

Insurance brokerage Brown & Brown, in its unaudited 2025 first quarter results, reported revenue growth of $146 million, or 11.6% to $1.4 billion, under US GAAP, compared to total revenues of $1.2 billion in Q1’24. For Q1’25, the firm’s income before income taxes was $427 million, a 17.3% increase from the comparative quarter. The income […]

AXA XL, a re/insurance provider, is broadening its cyber insurance offerings for small and midsize enterprises (SMEs) by appointing Michelle Aliperti as Head of SME for the Americas. Based in New York, Aliperti will report to Michelle Chia, the Chief Underwriting Officer for Cyber, Design, and Select Professional at AXA XL. Aliperti brings nearly […]

HDI Global SE, the Corporate & Specialty Division of the Talanx Group, has announced the appointment of Andrew Weare as new Lead Underwriter Mining, succeeding Matthew Johnson who is retiring. In his new role, Weare, who has been with HDI Global for more than seven years, will report directly to Rafael Rebitzky, Chief Underwriting Officer, […]