Category: News

Global reinsurer Swiss Re (Swiss Re) has formed a partnership with SAS, a global leader in data and artificial intelligence, to help insurance companies strengthen their resilience through artificial intelligence-driven risk intelligence and advanced actuarial decision-making. The partnership between the two companies reportedly reflects a “broader industry shift” towards insurance operations combining artificial intelligence and…

Technology-based insurance company Slide Insurance Holdings, Inc. reported net profit of $134.9 million in the second quarter of 2026, an increase of 92.4% from $70.1 million in the same period last year. The company’s combined ratio for the quarter was 57.6%, an increase of 980 basis points from 67.4% in the same period last year,…

Independent insurance broker Lockton has announced the launch of its Global Data Center and Digital Infrastructure practice, a consulting practice that helps organizations address risks associated with the infrastructure that stores, processes and moves information. The practice further builds on Lockton’s experience supporting complex digital infrastructure risks globally, including hyperscale campuses, multi-building developments, phased construction…

Bermuda-based insurance and reinsurer Arch Capital Group Ltd. reported second-quarter 2026 net income of $1 billion, down about $200 million year-over-year as catastrophe losses across the business increased to $201 million. Despite the year-over-year decline in net income, Arch’s second-quarter results were strong, with after-tax operating income of $893 million, compared with $979 million in…

Industry veteran Lynn Serpico has been named managing director of client engagement at risk advisory, insurance brokerage and reinsurance services company Marsh. Serpico brings more than three decades of industry experience and rejoins Marsh after nearly 17 years with Aon. Throughout her career, she has built a reputation for transformational leadership in global client strategy,…

Florida-based reciprocal exchange home insurance company Praxis Reciprocal Exchange announced the appointment of Ross Bowie as chief executive officer (CEO). Bowie will also serve as CEO of PRE Risk Management, the de facto attorney for Praxis Reciprocal Exchange. Praxis was launched in 2025 and has since successfully completed multiple acquisitions and established a disciplined underwriting…

Australian insurance company IAG has partnered with OpenAI to explore agent-based voice solutions to help its Australian employees provide better service and support to customers. Powered by its newly launched agent system OpenAI Presence, IAG will first explore opportunities to enhance claims delivery, with a focus on supporting customer response and expansion capabilities during natural…

Conning, an investment management firm specializing in insurance and institutional investors, expects the U.S. managing general agent (MGA) market to total approximately $128 billion in premiums written by 2025. Conning’s latest research shows that the U.S. MGA market will continue to expand strongly into 2025, reflecting more than just favorable market conditions. The findings highlight…

MNK International, an independent Lloyd’s broker providing specialist insurance and risk solutions to international clients, has appointed William Wakeham as managing director of international energy and established a dedicated energy division. The brokerage said the move is part of its plan to expand its energy brokerage capabilities in emerging and specialty markets. Wakeham joins the…

Cincinnati Financial Corporation, a major U.S. insurance company, reported a net profit of US$1.255 billion in the second quarter of 2026, an increase of 83% from US$685 million in the same period last year. Cincinnati said the results follow the recognition of an $882 million increase in the fair value of equity securities still held…