Travelers plans to expand homeowners insurance availability across California
The Travelers Companies, Inc., a major U.S. insurance company, has notified the California Department of Insurance (CDI) of its intention to expand homeowners insurance coverage across the state through voluntary participation in the California Sustainable Insurance Strategy (SIS). The initiative, championed by the state’s Insurance Commissioner Ricardo Lara, allows participating carriers to incorporate forward-looking wildfire…
Miller grew again in 2025 with total revenues of £314m
With total written premiums of approximately $4 billion in 2025, Miller, an independent specialty insurance and reinsurance brokerage, celebrated a milestone year with the addition of 180 new employees. Gross written premiums were $4 billion, unchanged from the previous year, but total revenue rose 15% to £314 million in 2025, compared with £271 million in…
IMA Financial Group places $4bn risk programme for AI-data centre company
North American insurance brokerage IMA Financial Group has completed a $4 billion property insurance placement on behalf of a publicly traded artificial intelligence and high-performance computing (HPC) data center company. The transaction was conducted by a leading global real estate operator and represents one of the largest single real estate placements in the digital infrastructure…
Tributary Public Risk begins operations with specialist cover for Canada’s public sector
Tributary Public Risk (TPR), a new insurance provider specifically targeting public sector organizations, has officially begun operations, becoming the first insurance company registered in Canada and designed specifically for this market. The company was created to meet the unique risk, governance and procurement requirements of municipalities, schools, Crown agencies and other public bodies. Working through…
Hippo adds Stewart Ellis to its Board of Directors
Home insurance group Hippo has appointed Stewart Ellis, the company’s executive vice president and chief strategy officer, to its board of directors, effective June 3, 2026. As a result of transitioning to a position on the Board of Directors, Ellis will resign from his current position and become an advisor to the Company, effective May…
Insurance CROs flag cybersecurity as top risk while AI and data investment surge, EY/IIF survey finds
A majority of insurance chief risk officers (CROs) expect cybersecurity to be a top concern over the next 12 months, with a significant proportion also ranking third-party and vendor cyber risk among their top five concerns, according to survey results from professional services firm EY. The company reports that many CROs are prioritizing AI-based risk…
Active Re COO highlights MGA opportunity in Barbados
Robert Ali, chief operating officer of Active Re, said Barbados is emerging as an excellent opportunity for the development of managing general agents (MGAs), mainly due to its dedicated regulatory framework and efficient business environment. Speaking at the Barbados Risk and Insurance Management Conference (BRIM), Ali noted that the island’s risk-based capital framework, efficient licensing…
Active Re COO highlights the MGA opportunity in Barbados
Robert Ali, chief operating officer of Active Re, said Barbados is emerging as an excellent opportunity for the development of managing general agents (MGAs), mainly due to its dedicated regulatory framework and efficient business environment. Speaking at the Barbados Risk and Insurance Management Conference (BRIM), Ali noted that the island’s risk-based capital framework, efficient licensing…
Gallagher Re says April US storm outbreaks to exceed $1bn in insured losses
Global reinsurance brokerage and risk advisory firm Gallagher Re reports that a series of severe convective storms (SCS) in the central and eastern United States in April 2026 is expected to result in insured losses exceeding $1 billion. The broker attributed the damage primarily to large hail, at least 124 confirmed tornado touchdowns and widespread…
The Hartford’s momentum continues in Q1’26 as net income hits $851m
Hartford reported a 36% increase in net income for the first quarter of 2026, driven by lower catastrophe losses, higher investment income and continued premium growth in its property and casualty business. Net profit attributable to common shareholders in the first quarter of 2026 reached US$851 million, up from US$625 million in the same period…
