Category: Insurance

A recent report from AM Best showed that the U.S. property and casualty (P&C) insurance industry recorded net underwriting gains of $16.3 billion in the first quarter of 2026, after losing $1 billion in the same period a year earlier. Net premiums increased 3.9% and losses incurred and loss adjustment expenses (LAE) fell 9.3%, offsetting…

USAA, an American financial services company serving military personnel, veterans and their families through insurance, banking, investments and retirement products, has appointed Andrew J. Pinkes to its Board of Directors, effective May 29, 2026. Pincus has more than three decades of experience in the insurance industry, with expertise in claims management, legal matters, risk oversight,…

Insureds in the U.S. property and casualty insurance space are “eager to take advantage” of the most favorable market they have experienced in several years, according to Artex’s Alternative View – Spring 2026 report. In its latest report, Artex noted that with ample market capacity and insurers eager to expand their property portfolios, many insureds…

Atrium, the specialty insurance company owned by Lloyd’s, announced the appointment of Gabe Karroum as Vice President of Business Development. Karroum leads business development for AUGold, Atrium’s complete end-to-end quoting, bundling and policy issuance platform. AUGold has continued to expand since its launch in 2005, providing specialized risk expertise to managing general agents (MGAs) throughout…

Jensten Underwriting, managing general agent of the Jensten Group, has announced a multi-year agreement with Zurich UK, under which Zurich will act as Jensten’s primary capacity provider to support the growth and future development of the MGA division. The five-year Cornerstone placement delivers more than £300 million across categories of property, casualty and mobility capabilities….

Ripe, a UK-based digital managed general agent (MGA) delivering specialist insurance products through data-driven technology and digital distribution, has announced the appointment of Jon Fell as its new chief operating officer (COO). Fell will lead Ripe’s operational strategy and oversee client operations across the business. Ripe said he will also play a key role in…

Global reinsurance broker and advisory firm Gallagher Re has highlighted the need for more advanced methods to evaluate artificial intelligence systems in order to increase insurers’ confidence when pricing AI-related risks. In its independent report, Anthropic’s Fourth Way: Why constrained AI models are a challenge for insurance companies, Gallagher Re noted that current assessment methods…

Specialty insurance and reinsurance group Fidelis Partnership (TFP) has appointed Alex Rossiter as head of portfolio analysis and risk allocation and Greg Bowman as group head of ceded reinsurance analysis. The two senior appointments strengthen the reinsurer’s technical underwriting, portfolio analytics and group-level ceded reinsurance capabilities. Bowman has relocated from London to Bermuda following an…

Credit rating agency Moody’s Ratings reported that U.S. life insurance companies are increasing their investments in private credit and other illiquid fixed income assets, leading to increased liquidity, concentration and credit risk across the industry. According to Moody’s Ratings, U.S. life insurers’ exposure to private credit and illiquid fixed income assets is increasing in size,…

Antoine Fleury has been appointed General Director of Swiss Re Corporate Solutions France, effective July 1, 2026, subject to regulatory and internal approvals. Bruno Mostermans, who has led the French branch since 2011, is taking on a broader international role as the new Global Head of Account and Distribution Management, overseeing global distribution activities and…