Octave Specialty Group’s P&C gross premiums up 34% for Q4’25
Global specialty insurance company Octave Specialty Group, Inc. (Octave) (formerly known as Ambac Financial Group, Inc.) reported that Everspan’s gross and net premiums increased 34% and 978%, respectively, to $80 million and $23 million in the fourth quarter of 2025. In comparison, Everspan’s gross premiums and net premiums were approximately $60 million and $2.6 million,…
Global AI adoption grows, but data protection & errors remain key challenges: Gallagher
Broad adoption of artificial intelligence (AI) continues to accelerate, with 82% of global enterprises reporting a positive impact on their organizations, but data protection and errors remain the top challenges, according to Gallagher’s third annual Artificial Intelligence Adoption and Risk Survey. The survey of 1,200 businesses globally highlights the rapid integration of AI into their…
Marsh Risk adds Angela Baker as Portfolio Solutions Leader for UK
Marsh Risk, the insurance brokerage and risk advisory arm of Marsh, has appointed Angela Baker as head of Marsh Portfolio Solutions UK, effective immediately. In his new role, Baker will be based in London and report to Tom Davies, Marsh Risk’s head of UK placements. She will work closely with Marsh Risk UK’s leadership and…
US P&C industry sees decade-high performance in 2025, AM Best reports
Credit ratings agency AM Best said the U.S. property and casualty (P&C) insurance industry recorded its strongest performance in a decade in 2025, driven by disciplined underwriting, strong pricing and investment returns, despite continued pressure on claims costs and liability risks. “Despite headwinds, interest rate action and investment gains drove U.S. property and casualty insurance…
Price Forbes hires Davies to lead Bermuda property division
Price Forbes has appointed Gareth Davies as executive vice president and head of real estate, effective immediately. Davies will be based in Bermuda and lead the strategic development and growth of the company’s real estate division. Davis has thirty years of industry experience and prior to joining Price Forbes, he served as a real estate…
Skuld reports successful outcome for 2026/27 mutual P&I renewal
Marine insurance provider Skuld has reported successful and strong results for mutual P&I renewals in 2026/27, reflecting disciplined underwriting, firm market positioning and continued support from existing and new members. The Skuld shipowner’s mutual insurance and indemnity business book increased to 128 million gross tons (GT), a year-on-year tonnage increase of 6%. Skuld said it…
Skyward Specialty reports $43.2m net income and improved CoR for Q4’25
Property and casualty (P&C) specialty insurance company Skyward Specialty Insurance Group announced financial results for the fourth quarter of 2025, with net profit of $43.2 million, total premiums increased by 13.2%, and a combined ratio of 88.5%. Net income improved significantly in the fourth quarter of 2025 compared to $14.4 million in the same period…
SCOR’s Chris Beazley joins the IUA Board
The Board of Directors of the International Underwriting Association (IUA) has announced that Chris Beazley, Chief Commercial Officer of SCOR Business Solutions and CEO of SCOR UK and SCOR Syndicate, has joined its Board of Directors. The IUA Board of Directors governs and oversees the work of the Association to ensure the best trading environment…
B.P. Marsh views sustained M&A wave as strategic opportunity
Specialist venture capital firm BP Marsh & Partners, a specialist in early-stage financial services businesses, said it sees continued mergers and acquisitions (M&A) activity as a source of opportunity, both within its existing portfolio and in new investments, following a strong financial year to January 31, 2026. BP Marsh continued its strong portfolio performance during…
Markel Group names Wilson and Crowley as EVPs
Global reinsurance and insurance company Markel Group Inc. has appointed Simon Wilson and Andrew Crowley as its Executive Vice Presidents (EVPs), effective immediately. In addition to their current responsibilities, the two will also take on expanded responsibilities. Currently, Wilson serves as Chief Executive Officer (CEO) of Markel Insurance and Crowley serves as President of Markel…
