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LIMRA, a research and consulting organization that supports the insurance and financial services industry, reports that new annualized premiums for U.S. individual life insurance will climb to more than $17.5 billion in 2025, setting a new industry high. According to LIMRA’s individual life insurance sales survey, total new premiums increased 10% from the previous year,…
Global insurance company QBE has announced the appointment of Reuben Lee as Head of Asia Trading Responsibility, effective March 19, 2026. In this newly created role, Lee will provide strategic guidance for portfolio underwriting in Asia, with a focus on growth and risk management in the mergers and acquisitions (M&A) insurance space. He is based…
International General Insurance Holdings Inc. (IGI), a specialty commercial insurer and reinsurer, has appointed Thomas A. Collett to its Board of Directors and to its Compensation Committee, effective March 19, 2026. In addition, David D. Anthony, who has served as a director of the Board of Directors, Chairman of the Compensation Committee and a member…
Insurtech Intelligence AI has partnered with property and casualty insurance platform Guidewire to deliver high-resolution property risk data directly to insurance companies. The partnership will also enable insurers to reconstruct cost data directly within Guidewire InsuranceSuite workflows. Intelligent AI was originally launched through Lloyd’s Laboratory and is considered the Guidewire Insurtech Vanguard, providing “best-in-class” COPE…
Global property and casualty insurer Chubb, recently announced as the lead underwriter of US International Development Finance Corporation’s (DFC) US$20 billion Gulf marine reinsurance program, has now outlined the structure and scope of the facility. On March 9, DFC and the US Treasury Department announced plans to deploy marine reinsurance (including war risk) in the…
Balavant Insurance Group, a specialist insurance solutions provider, has launched Sentric Specialty, a new project manager (PA) built on its platform to provide specialized solutions for risks in the manufacturing, crisis management and professional liability sectors. According to the insurer, the launch brings coverage for product recalls for the first time, including manufacturer errors and…
Specialty insurer Tokio Marine Kiln (TMK) has further expanded its aerospace division with the appointment of Cameron Glover as underwriter. In his new role, Glover will focus on writing about airport and product liability risks. Prior to joining TMK, he served as a senior underwriter within AIG’s manufacturers and airports teams. The insurer said his…
Tony Gallagher, Asia Pacific CEO of Guy Carpenter, the global reinsurance brokerage of Marsh Group, detailed the central role of reinsurance, retrocession and terrorism pools in supporting market capacity in a rapidly changing threat landscape. Speaking at the Global Forum of Terrorism Risk Pools and Their Stakeholders, Gallagher centered his remarks around the idea that…
CRC Group, an independent wholesale specialty insurance distributor, has announced enhancements to its exclusive Insurisk platform, designed to meet the growing insurance needs of the global data center industry. The company said the platform’s underwriting capabilities have been enhanced in response to growing investment, larger developments and increasing operational complexity across the industry. As demand…
Jefferies analysts said Tesla Insurance’s Full Self-Driving (FSD) pricing, which could offer better rates based on a car’s performance in FSD through its safety score, poses a potential competitive risk to Lemonade’s auto insurance ambitions as the model size expands. Recent filings show that Tesla has eliminated the FSD standalone discount offered through its own…