Category: Insurance

Speaking to Reinsurance News during the Monte Carlo Rendez-Vous 2026, Xavier Crepon, Global Insurance Leader at PwC, emphasised that growth, capital management, and adapting operations to technological advancements represent the biggest challenges currently facing the reinsurance market today. On growth, Crepon stated that this is a big challenge in today’s reinsurance market, particularly regarding obtaining…

Commercial insurance underwriters fear losing senior expertise more than being replaced by artificial intelligence (AI), yet firms are investing least in preserving that knowledge, according to a recent hyperexponential (hx) survey. The hx Underwriting Edge Survey was conducted by independent research firm Coleman Parkes on behalf of hyperexponential. It surveyed 350 Chief Underwriting Officers, Heads…

Ryan Specialty, a specialty insurance intermediary, has announced the appointment of Dave Przesiek as President & Chief Executive Officer (CEO) of Ryan Specialty Benefits, its Benefits division. Ryan Specialty Benefits provides differentiated specialty employee benefits solutions and services for retail agents and brokers, as well as third-party administrators. Przesiek succeeds John Zern, who leaves Ryan…

Bamboo Insurance Services, Inc. has launched the roadshow for its proposed initial public offering of 35,000,000 shares of its Class A common stock, with the selling stockholders seeking to raise between $630 million and $700 million at an expected price of between $18.00 and $20.00 per share. Initially announced on 1 September 2026, the offering…

Kin, a provider of insurance solutions for homeowners, has announced that it has reduced its homeowners insurance rates by an average of more than 20% for new and existing Florida policyholders in Broward, Miami-Dade, and Palm Beach counties, amid reforms and a softening re/insurance market. Angel Conlin, Chief Insurance and Compliance Officer at Kin, highlighted…

Groupama has reported net income of €560 million for H1 2026, while premium income reached €14 billion, an 8.7% increase from the same period last year. In terms of premium income, Groupama posted growth across all business lines in the first half of the year. Property and casualty insurance increased 5.6% to €7.270 billion, while…

An entity to be formed by Sequence Holdings and DFO Management (Dell Family Office) is set to acquire a majority interest in The Baldwin Group, Inc. in an all-cash transaction valued at approximately $7.7 billion, meaning Baldwin will become a privately held company. After mainstream media reports on the matter over the weekend, Baldwin has…

Zurich Insurance and Beazley have confirmed that Zurich’s recommended all-cash acquisition of the London-headquartered specialist insurer is on track to take effect on 1 October 2026, after all required regulatory approvals were secured. In a joint update issued today, the two firms confirmed that every regulatory approval required for the transaction has now been satisfied….