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Credit ratings agency AM Best reports that average annual rate increases for U.S. private passenger auto and homeowners insurance in 2025 are close to pre-pandemic levels. The company noted that both pay lines had experienced substantial growth in recent years, driven by rising claims costs and increased loss activity. Data from AM Best shows that…

Nexus Underwriting Limitedm, part of Arrowhead Intermediaries, has confirmed the appointment of Chris Bailey as regional head of underwriting development – finance. The company said the appointment was part of its ongoing efforts to strengthen its financial capabilities. Bailey will be based in Manchester. This follows Nexus Underwriting’s recent appointment of Walid Youssef as head…

DUAL UK, the underwriting arm of Howden Group Holdings, has announced a new capacity deal with French insurer AXA to support its natural resource products. The offering is aligned with net zero ambitions and focuses on renewable energy technologies including solar, wind and hydro. The program aims to empower renewable technology operators through expert-driven underwriting…

Zurich Insurance, a multinational insurance provider offering commercial and retail insurance, has completed a 90-day deployment of Cytora’s agency AI risk digital platform in five countries. Cytora is an insurtech company focused on artificial intelligence-based risk processing, and Zurich Insurance plans to expand its operations to more than 20 markets in the next 16 months….

Christian de Monte, head of insurance and group subsidiaries at Lloyds Banking Group, said higher interest rates, strong insurer capital and increasing market competition are supporting a strong pension risk transfer (PRT) channel and creating attractive opportunities for pension schemes and sponsors. “With interest rates higher than a few years ago, a strong PRT pipeline…

Markel International, a unit of Markel Insurance, the insurance arm of Markel Group Inc., has launched a dedicated nuclear insurance facility with broker Willis in what it calls a “market first” initiative. The facility is designed to provide broader and more comprehensive underwriting capabilities to the nuclear energy industry, reportedly reflecting market participants’ growing confidence…

FurtherAI, an insurance artificial intelligence (AI) startup, has appointed Tom Bradley to lead its operations in the United Kingdom (UK) and European Union (EU). The move marks an important step in the company’s international expansion. FutureAI is already working with partners across the UK and this appointment will enable it to deepen regional relationships, build…

AXA XL, the property, casualty and special risks division of global insurance company AXA, has appointed Laurent Richème to succeed Juergen Cherreck as global chief underwriting officer (CUO) of the property division. Cherreck, who has been with the company in his current role since October 2020, will retire in July after 21 years with AXA…

Lloyds administrator Argenta Syndicate Management Ltd has announced the appointment of Simon Saunders as head of marine reinsurance, effective July 2026. In his new role, Saunders will be responsible for underwriting Argenta’s marine reinsurance treaty portfolio, strengthening the business’s position in international markets and building on its established broker relationships. He will report to Heath…

The Government of Jamaica has returned to the catastrophe bond market for the third time, issued by the World Bank’s International Bank for Reconstruction and Development (IBRD), renewing a key part of its disaster risk financing infrastructure, following the triggering and full disbursement of a second catastrophe bond in 2025 following Hurricane Melissa. The World…