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Insurance brokers suffered a sell-off earlier this week that was widely attributed to our report that OpenAI approved an insurance provider’s first artificial intelligence application on ChatGPT, with several analyst firms valuing shares down an average of about 9%. Many described the decline as an “overdone” or “overreaction,” with some emphasizing the short-term resilience of…
Digital business interruption solutions provider Parametrix has announced the hiring of three experts to support growing demand for its network, unexpected business interruption and data center insurance solutions. Parametrix’s product portfolio – which includes data center SLA products and “CyberPMX” (network and technology E&O with embedded parameterized BI) – has gained significant traction due to…
Corebridge Financial highlighted strong underlying performance and improving earnings momentum in the final quarter of 2025, despite a net loss of $366 million in 2025, primarily due to higher losses from embedded derivatives withheld by the Fortitude Re fund and changes in the fair value of market risk benefits. The Life and Retirement Group’s net…
Markel Insurance, the insurance business of Markel Group Inc., has promoted Phil Amlot to head of trade credit for Markel International, effective immediately. In his new role, Amlot will report to Carl Titterton, managing director of trade credit, political risk and guarantees. He will be responsible for developing and leading the insurance company’s long-term strategy,…
Cincinnati Financial Corporation, a major U.S. insurance company, reported net income of $676 million in the fourth quarter of 2025, up from $405 million in the same period a year earlier, while the property and casualty (P&C) insurance unit’s combined ratio was slightly higher at 85.2%. In the fourth quarter of 2025, premiums earned across…
Fidelis Partnership (TFP), a privately held managed general underwriter (MGU), has strengthened its team with the appointment of Henning Schuemmer as senior marine underwriter. Schumer will be based in Dublin, bringing with him more than two decades of experience in the maritime sector, including broking and underwriting. His extensive knowledge of the European hull market…
The Oasis Loss Modeling Framework (Oasis LMF), a not-for-profit open source disaster modeling platform, is now available as Oasis Software as a Service Limited (Oasis SaaS) – an industry-owned, vendor-neutral platform designed to preserve independence and choice. Oasis SaaS leverages its powerful technology to achieve enterprise-scale performance while operating through an industry ownership model to…
Verisk, a global provider of data analytics and technology to the insurance industry, has appointed Steven Kauderer as president of its claims solutions business, effective immediately. In his new role, Kauderer will lead a team that delivers solutions that help insurers and claims ecosystem players streamline the claims process for policyholders with greater accuracy, efficiency…
Helix Underwriting Partners Bermuda has launched its London property product, Helix International, which has been trading in partnership with PartnerRe Insurance Programs since the start of the year and provides capabilities for both direct and interim property business within the London market. Helix explained that the London D&F program offers all-risk property insurance up to…
Bermuda-based insurer and reinsurer Arch Capital Group Ltd. reported fourth-quarter 2025 underwriting revenue increased 32.3% year-over-year to $827 million, with both insurance and reinsurance businesses performing strongly. For the group as a whole, the combined ratio improved by 4.4 percentage points, down from 85% in the fourth quarter of 2024, and the loss ratio fell…