Latest Smartphones, Gadgets and Startups News
Insurance
Insurance services provider Amynta Group has agreed to acquire Southern States Underwriters and SSC Insurance Agency (collectively, Southern States Underwriters), the insurance operations of Southern States Cooperative, Inc. While the financial details of the agreement remain undisclosed, the closing of the transaction is anticipated in the final quarter of 2026, subject to obtaining regulatory approval….
Lincoln Financial, a US financial services company specialising in insurance, retirement and wealth management products, has announced the appointment of Adam Cohen, Chief Accounting Officer and Treasurer, as Interim Chief Financial Officer. This follows the decision by Chris Neczypor, Executive Vice President and Chief Financial Officer, to leave the company to pursue another opportunity outside…
Tampa-based property and casualty insurance holding company, American Integrity Insurance Group, reported a net income of $34.1 million, 14% year over year growth in gross premiums written, and an improved combined ratio of 63.4% in the second quarter of 2026. Q2 2026 net income increased 24.2% compared to $27.5 million seen in Q2 2025. Adjusted…
AM Best is maintaining its stable outlook for the insurance markets of the Gulf Cooperation Council (GCC). The GCC comprises Bahrain, Kuwait, Oman, Qatar, the Kingdom of Saudi Arabia, and the United Arab Emirates. The ratings agency noted that while GCC insurers remain vulnerable to second-order effects from the Middle East conflict, strong performance and…
AXA XL, the property and casualty specialty risk division of AXA, has announced the appointment of Matt Waters as Head of its Large Commercial and Specialty business unit, effective immediately. In his new role, Waters will be responsible for leading AXA XL’s Large Commercial and Specialty lines portfolio across the US, Canada, and Bermuda. He…
The global data centre insurance market is forecast to more than double to over USD $24 billion by 2030, as the rapid expansion of artificial intelligence infrastructure increases the value, complexity and concentration of risks faced by insurers, according to Allianz Commercial, the commercial insurance business of Allianz Group. Allianz Commercial estimates that the market…
Florida-based property and casualty insurer Mangrove Property Insurance Company has announced the establishment of Grove Re Ltd., a Bermuda-domiciled Class 3A insurance company to support its long-term risk management and underwriting strategy. The formation of Grove Re reflects Mangrove’s disciplined, data-driven approach to underwriting, its strategic vision to operate for the long-term across market cycles….
Sven Althoff, Member of the Executive Board for Property & Casualty at large reinsurer Hannover Re, said today that the company is comfortable growing in this P&C market environment, while the firm expects property catastrophe price reductions to decelerate heading into the January 1st, 2027, renewals. This morning, Althoff, alongside other executives at global reinsurer…
Atrium, a specialty insurer at Lloyd’s, has announced the appointment of Alice Gilbert as Underwriter, effective in the first quarter of 2027. In her new role, Gilbert will work with Matthew Greaves, Head of Diversified Risk Underwriting, to build Atrium’s growing Diversified Risk book, with a focus on sustainable growth. Diversified Risk is written as…
Tokio Marine’s international business has posted 16.6% growth in net premiums written to 934.7bn yen ($5.9bn) in the first quarter of fiscal 2026, with underwriting performance remaining broadly ahead of plan despite pockets of deterioration, including losses tied to the Middle East conflict. According to Tokio Marine, the increase leaves it broadly on track against…