Latest Smartphones, Gadgets and Startups News
Insurance
Heritage Insurance Holdings, a US super-regional property and casualty insurance holding company, has reported improved underwriting performance and higher earnings for the second quarter of 2026, supported by a lower combined ratio, increased underwriting income and higher net investment income. The company reported a net combined ratio of 64.9% for the second quarter, an improvement…
Westfield Specialty, a global specialty insurance carrier, has continued its European growth strategy by expanding its reach into the Nordic region with the appointment of Nicole Victoria Preis as Head of Distribution, Nordics. Preis will report directly to Cornelia Roskau, CEO of Westfield Specialty International (Europe) S.A., with a matrix reporting line to Sarah McNally,…
Based on the number of properties destroyed and the value of homes and businesses affected by the Spokane, Washington, wildfires, Gallagher Re has estimated that insured losses will reach at least hundreds of millions of dollars, with a plausible chance of becoming a billion-dollar industry loss event. The event is expected to rank among the…
White Mountains Insurance Group, Ltd. has released its second-quarter 2026 results for its property and casualty re/insurance segment Ark/WM Outrigger, which generated gross written premiums of $778 million, down from $815 million in the prior-year period, while its combined ratio remained unchanged at 84%. During the quarter, Ark/WM Outrigger reported net written premiums of $537…
Canada Life Re, the reinsurance division of The Canada Life Assurance Company, has announced the establishment of a new regional office in Singapore, reinforcing the company’s long-term commitment to the Asia Pacific market. The move has been accompanied by the appointment of Wil Chong as Chief Executive Officer (CEO) of Canada Life Services, the company’s…
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of the Swiss Re Group, has established exclusive partnerships with Bajaj General Insurance in India and GNP Seguro in Mexico to provide protection to large multinational companies (MNC). The firm will offer insurance solutions to the “growing number” of companies, who are to expand…
Vantage Group continued to deliver strong top-line growth in Q2 2026, with gross written premiums (GWP) increasing 29% year on year to $473m, as the Bermuda-based specialty re/insurer expanded production across both its insurance and reinsurance platforms despite a quarter marked by catastrophe losses and adverse reserve development. Vantage’s insurance segment reportedly accounted for $344m…
Arch Insurance International, part of Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has appointed James Barrett as Deputy Active Underwriter for Lloyd’s Syndicate 2012, effective immediately. In his new role, Barrett deputises for James Croome, Active Underwriter, in leading all activities relating to Syndicate 2012. He also takes on…
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has launched a new managing general underwriter (MGU), Tera Underwriters, which itself has announced a new specialty insurance programme designed for computing hardware infrastructure at industrial-scale data centres across the US. The programme has the capacity to provide over $1 billion per policy…
Liberty Mutual Holding Company (LMHC) has announced its financial results for the second quarter of 2026, reporting net income of $2.634 billion and an improved combined ratio of 86.4%. For the first half of 2026, the global re/insurer reported net income of $4.686 billion, as well as an improved combined ratio of 87.3% for H1…