Latest Smartphones, Gadgets and Startups News
Recent market disclosures suggest insured losses from the Baltimore Bridge collapse could exceed $2.8 billion, with Howden Re managing director Hugo Chelton saying the worst impact is likely to fall on major reinsurers and the retrocession market, with losses likely to represent a significant single-event hit relative to their capital base for some players. “When…
Yesterday, shareholders at AXA’s annual general meeting in Paris voted “overwhelmingly” to re-elect Thomas Buberl as chief executive (CEO) of the global insurance company for a further four years. Buberl took over as AXA Director and CEO on September 1, 2016 and was reappointed in April 2022 for a four-year term, which expired at yesterday’s…
Hippo returned to profitability in the first quarter of 2026, with a net profit of $7 million, compared with a net loss of $48 million in the same period a year earlier, thanks to significantly stronger underwriting results. The insurance company’s net loss ratio in the first quarter of this year was 48%, an improvement…
Global insurer AIG’s general insurance (GI) business more than tripled underwriting revenue to $774 million in the first quarter of 2026 due to lower catastrophe losses, while gross written premiums (GPW) increased 11% year-on-year to more than $10 billion. AIG explained that as gross premiums grew, net premiums written (NPW) increased 24% year over year…
Aon, a global professional services firm focused on risk, retirement and health solutions, has announced three senior appointments to its Asia Pacific growth team. The move reflects Aon’s continued commitment to strengthening its commercial leadership and regional capabilities in Asia Pacific. The company has appointed Richard Tan, Maggie Hsieh and Michel Muganza to key leadership…
Zurich-based catastrophe insurance data provider PERILS has released its third industry loss estimate for severe convective storms (SCS) on Australia’s east coast in late October 2025, putting losses at A$1.502 billion. The event affected Queensland, New South Wales and Victoria between October 26 and November 1, 2025. Eastern Australia experienced a prolonged period of severe…
Insurance brokerage and advisory firm Willis has announced a series of senior leadership appointments across North America. The changes proposed by Willis are part of its plan to support continued growth and advance the integration of Newfront, a specialist broker known for its use of technology. Willis attributes the six appointments to its focus on…
Global insurer and reinsurer Arch Capital’s outlook for property catastrophe reinsurance mid-year renewals points to a highly competitive market, suggesting that strategic adjustments may be made in response to expected interest rate declines. In the company’s latest earnings report, Call Arch CEO Nicolas Papadopoulo commented on the property cat reinsurance space: “We don’t have a…
Hannover Re US announced the appointment of Kelly Rabin as senior vice president and chief actuary, effective May 1, 2026. She succeeds John Di Meo, who was appointed executive vice president and chief financial officer on January 1, 2026. In her new role, Rabin will lead a broad range of actuarial functions, including regulatory reporting,…
Everest Group President and CEO Jim Williamson said the first quarter highlighted what the “new Everest” can offer, calling the company’s position the strongest in years and expressing confidence in its trajectory. The Bermuda-based global reinsurer posted net profit of $653 million in the first quarter of 2026, up more than 210% year-on-year, and its…