Category: Insurance

France-based multinational insurance and asset management group AXA has announced plans to roll out Microsoft 365 Copilot to employees globally, calling the move the latest phase of its workplace artificial intelligence strategy and a major development in its broader plan to deploy artificial intelligence across the organization. The company said the rollout builds on Secure…

Bamboo Insurance, a property insurance provider specializing in insurance solutions for challenging markets, announced a new partnership with MS Transverse Insurance Company to increase its admitted homeowners and residential fire insurance capabilities in California. The partnership provides approximately $150 million in additional underwriting capacity and expands the selection of Bamboo Insurance’s existing product portfolio. Bamboo…

McGill and Partners, the world’s largest independent specialist insurance and reinsurance brokerage, and GIB, South Africa’s largest independent insurance brokerage, have launched Protea Green, a new solution focused on insuring risks associated with renewable energy infrastructure in South Africa. Protea Green offers a ‘comprehensive’ suite of insurance to meet the needs of developers, lenders and…

CFC, a specialist insurance provider focused on emerging risks, has appointed Chris Loake as Chief Information Officer (CIO). In his new role, Loake will drive CFC’s technology strategy, solidifying its long-term vision and digital distribution capabilities and building on its track record of innovations such as single-issue quoting, automatic renewals and agency underwriting. In addition,…

KatRisk, a provider of catastrophe risk modeling and analytics to the insurance and reinsurance industry, has launched a new generation of wildfire risk capabilities. The solution combines Technosylva’s physics-based wildfire science with KatRisk’s catastrophe modeling and portfolio analysis technology to provide insurers with a more detailed view of wildfire risk, the company said. KatRisk said…

MAPFRE Economics, the research arm of Spain-based global insurance group MAPFRE, reported in its latest assessment of the European insurance industry that the region’s 20 largest insurers will continue to increase premium income during 2025, albeit at a slower pace than the previous year. The research also shows that international expansion has leveled off, while…

In its new annual report for the year ending 2025, Africa Risk Capabilities Ltd. (ARC Ltd.), the hybrid mutual insurance and financial affiliate of the Africa Risk Capabilities Group, reported its largest profit since its inception, with a profit of $13.5 million for the year. “The 2025 results reflect steps taken to strengthen underwriting discipline,…

Guy Carpenter, a global reinsurance broker owned by Marsh Group, reported second-quarter revenue of $664 million, down about 2% on both a GAAP and underlying basis, with softer reinsurance markets likely contributing to the decline. In the first half of this year, Guy Carpenter’s revenue remained essentially unchanged at $1.9 billion. Guy Carpenter, along with…

CRC Group, an independent wholesale specialty insurance distributor, has released its second quarter 2026 Property REDY Index, showing continued weakness in property renewal rates. In the first half of 2026, the average renewal rate fell by 8.8% to 13.3% month-on-month, a significant increase from the monthly decline of 1.5% to 5.5% in the same period…

During WR Berkley’s second-quarter 2026 earnings call, CEO Rob Berkley gave a candid assessment of current industry dynamics, warning that Mother Nature is lulling the housing market into a “false sense of comfort.” He warned that while the temporary lull was likely to persist, market realities would inevitably set in again, forcing the industry to…