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Pravina Ladva, Swiss Re’s chief digital and technology officer, said artificial intelligence’s impact on productivity will “ultimately prevail”, ushering in an era that will produce its own leaders, with those who deploy the technology effectively reaping increasing benefits over time. In a new Risk Perspective blog post, Ladva noted that investment in artificial intelligence and…

AUB Group Limited has agreed to acquire a majority stake in Prestige Insurance, positioning Prestige as its flagship UK retail brokerage platform to consolidate Tysers’ retail portfolio, drive AUB’s retail MGA strategy and accelerate its presence in the UK, building on existing investments in the Movo and Momentum AR networks. Prestige Insurance is an insurance…

BMS Re, the reinsurance arm of independent reinsurance broker BMS Group, has appointed Tony Grippa as chief strategy officer for its US operations. Grippa has extensive industry experience, having served as Senior Advisor to Dowling Hales, Executive Chairman and CEO of RYZE Claim Solutions, Executive Chairman of Risk Transfer Agency and Vice Chairman of the…

Brown & Brown announced its full-year results for 2025, with total revenue of $5.9 billion, an increase of $1.1 billion or 22.8% from 2024. Income before income taxes increased to US$321 million, a year-on-year increase of 16.7%. Brown & Brown’s net profit increased to US$264 million, an increase of US$54 million, or 25.7%, from the…

Commercial property and casualty insurer and reinsurer WR Berkley Corporation reported that pre-tax underwriting revenue increased 14.9% to a record $338 million in the fourth quarter of 2025 (Q4’25) and a record $1.2 billion in the full year of 2025 (FY’25). The strong underwriting results stemmed from an increase in gross written premiums (GWP) for…

Specialty insurance company Brit Group Holdings Limited has announced the successful renewal of its US Hospital Professional Liability (HPL) Alliance 7882 for the 2026 coverage year, with a maximum coverage of US$10 million. The alliance serves hospitals and health systems across the United States, bringing capacity to the healthcare market. Funding of $10 million will…

UK-based life insurance and pensions provider Canada Life has confirmed the appointment of Stuart Carroll as chief actuary, effective January 1, 2026, reporting to chief financial officer Stuart Robinson. Carol is a senior actuary and financial services professional with extensive international experience. He joined Canada Life UK in May 2024 as Director of ALM and…

International reinsurer Arundo Re has successfully updated its 157 Re collateralized reinsurance sidecar, with 157 Re 26 becoming the eighth version under the platform, once again supported by Boussard & Gavaudan Investment Management LLP and new investors. The 157 Re sidecar facility provides the French reinsurer with an efficient way to obtain reinsurance from the…

Falcon Risk Services, the wholly owned managing general agent (MGA) of HDI Global SE, has promoted John Merchant to chief underwriting officer (CUO), effective January 1, 2026. Merchant was the first employee to join Falcon in October 2021, and he has since played an important role in MGA’s growth and development in the U.S. specialty…

Insurers are vital to the competitiveness of the UK’s financial and related professional services sectors, but a report by TheCityUK and PwC UK warns that lagging insurance processes and market infrastructure threaten this position without urgent modernisation. The report draws on insights from more than 300 senior leaders in the UK financial and related professional…