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According to the latest Marsh Global Insurance Market Index, global insurance rates fell 4% in the fourth quarter of 2025, marking the sixth consecutive quarter of decline. This downward trend is supported by the huge capacity of insurance companies driven by reinsurance growth and the entry of new insurance companies. The influx of capital has…
MGT, a vertical artificial intelligence (AI) native neoinsurer, has entered into a strategic partnership with Amwins, a distributor of specialty insurance products and services, to select risks in the rapidly expanding excess and surplus (E&S) market through its proprietary AI-driven underwriting and pricing platform. The partnership is designed to combine Amwins’ unparalleled wholesale coverage with…
Global consulting, brokerage and solutions company WTW has announced the appointment of Chris Varley as global proposition leader for commercial insurance pricing and underwriting within the company’s insurance consulting and technology business. In his new role based in London, Valli will lead global strategy for commercial insurance pricing and underwriting. His responsibilities will include assisting…
Property and casualty insurer Hanover Insurance Group, Inc. reported a record net profit of $198.5 million in the fourth quarter of 2025, an increase of 18.2% from $167.9 million in the same period a year earlier. Operating income for the quarter was $210.1 million, an increase of 8% from $194.6 million in the fourth quarter…
Global insurance and reinsurance broking group Aon has announced that its specialist UK insolvency and restructuring insurance and risk team in Birmingham has appointed Catherine Williamson as director of growth and technology. In this newly created role, Williamson will focus on delivering insights and solutions to clients managing business restructuring and disruption. By combining Aon’s…
Global reinsurer Munich Re has appointed Till Böhmer as head of central analytics (data, analytics and artificial intelligence). Böhmer will serve in this role on an interim basis for the next nine months, leading the central analytics function. He will be responsible for driving the analytics platform as well as AI strategy, communications, governance and…
In its full-year and fourth-quarter 2025 results, Chubb reported record property and casualty underwriting revenue of $6.53 billion, an increase of 11.6% from 2024, and a record-low combined ratio of 85.7%. Chubb Chairman and CEO Evan G. Greenberg praised 2025 as a great year, highlighting the significant contribution of the company’s operations. “Our consistent and…
Bermuda-based reinsurer RenaissanceRe (RenRe) reported underwriting revenue of $669 million in the fourth quarter of 2025 and $1.3 billion in full-year underwriting revenue, with all three of the company’s major profit drivers performing strongly. RenRe performed strongly in 2025, with net profit of US$752 million in 4Q25, compared with a loss of US$199 million in…
Bermuda-based insurer and reinsurer AXIS Capital Holdings Limited has expanded Dan Draper’s role to include head of AXIS Re and appointed Ann Haugh to the newly created position of group chief operating officer (COO). These appointments are part of a planned succession and leadership development process. Both will continue to report directly to AXIS President…
Verisk, a global provider of data analytics and technology for the insurance industry, estimates that winter storm ferns will cost the insurance industry $4 billion in property and auto damage, primarily caused by freezing effects, with additional damage from wind and snow. Early results from Verisk’s updated U.S. winter storm model indicate that 14 states…