Category: News

AXA XL, AXA’s property and casualty specialist risk division, has announced the appointment of Bob Stanton as head of national and consolidated accounts. Based in Boston, Stanton will oversee strategic growth initiatives for the firm’s excess and surplus (E&S) division’s national and complex accounts divisions. The executive has extensive experience in the insurance industry with…

Goosehead Insurance, Inc., an independent personal insurance agency, reported a 21% year-over-year increase in total revenue to $113.4 million in the second quarter of 2026, compared with $94 million in the second quarter of 2025. In the first half of 2026, revenue growth totaled $206 million, compared with $167 million in the first half of…

After news broke that an OpenAI model broke out of an isolated testing environment and compromised Hugging Face’s internal systems, CyberCube executives warned that entering this new era of autonomous, proxy cyber threats was unlikely to end well. Providing context to the incident, William Altman, Director of Cyber ​​Threat Intelligence Services at CyberCube, explained: “OpenAI…

Independent specialist insurance and reinsurance brokerage Price Forbes has appointed Craig McCoig-Lees as head of Singapore Casualty Insurance MGA. In his new role, McCoig-Lees will report directly to Bruce Ford, chief commercial officer, reinsurance and wholesale. In addition, he will be responsible for expanding Price Forbes Re’s MGA proposition, supporting third-party MGAs with capacity, underwriting…

Global reinsurance and insurance company RenaissanceRe believes artificial intelligence can bring significant benefits to its business, but president and CEO Kevin J. O’Donnell warned that the technology is “not a magic bullet” and must be implemented carefully to achieve meaningful results. Speaking on RenaissanceRe’s second-quarter 2026 earnings call, O’Donnell said the company has learned that…

Fitch Ratings has upgraded the Insurer Financial Strength (IFS) rating of KAFOLAT Insurance Company, one of Uzbekistan’s leading non-life insurance companies, to “BB-” from “B+” with a stable outlook. The upgrade reflects KAFOLAT’s strengthening financial profile and improved capital position, as well as improved geographical diversification, which benefits from inflows in reinsurance business, particularly after…

Global specialist re/insurer Ascot Group Limited has appointed James Lee as President of Leadline Capital Partners, Ascot’s purpose-built third-party capital management platform to be launched in August 2024. Lee has more than two decades of expertise in capital markets and insurance-linked securities (ILS), specializing in designing, building and deploying risk transfer and financing solutions for…

Mutual and cooperative insurance companies generated record premium income of $1.61 trillion in 2024 while maintaining a 26.1% share of the global insurance market, according to the latest Global Mutual Market Share (MMS) report released today by the International Cooperative and Mutual Insurance Federation (ICMIF). The “Global Mutual Market Share 2026” report explains that the…

Apollo, a Skyward Group company, has appointed David Burke as head of its product recall operations, reinforcing Apollo’s continued commitment to building capabilities and investing in experienced underwriting professionals. Burke will be responsible for developing the underwriting approach to its product recall portfolio, supporting the continued growth of the product line and helping to expand…

International insurance company Mapfre, through its subsidiary Mapfre USA Corporation (Mapfre USA), has agreed to acquire Safety Insurance Group, Inc. (Safety) in an all-cash transaction worth US$1.54 billion. Safety is a property and casualty insurance company with a strong presence in Massachusetts and several Northeastern states. The acquisition is consistent with global reinsurer Mapfre’s long-term…