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Recently, state Insurance Commissioner Mike Yaworsky spoke at the 2025 Florida Chamber of Commerce Insurance Summit, emphasizing the importance of tort reform and the positive impact on Florida’s insurance market, but warning against backsliding. Florida enacted major insurance reforms in 2022 and 2023 to stabilize the troubled market by curbing litigation and attracting greater interest…
Majesco, a technology provider known for its cloud-native and AI-native solutions for P&C and life and annuity/health insurers, has strengthened its dedication to the P&C space with plans to expand investments and accelerate its product roadmap. The company detailed new initiatives to build a next-generation AI-powered SaaS cloud platform tailored for property and casualty insurance…
Credit ratings agency AM Best has revised the outlook for Ategrity Specialty Insurance Company (ASIC) and its subsidiary Ategrity Specialty Insurance Limited (ASIL) to positive from stable, reflecting its “very strong” balance sheet backed by risk-adjusted capital. Additionally, AM Best affirmed both companies’ financial strength ratings of A- (Excellent) and long-term issuer credit ratings (Long-Term…
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Company (MSI) has acquired beneficial ownership of at least 12.5% ​​of WR Berkley Corporation’s common stock. The move follows MSI’s agreement with the Berkeley family, which includes a company and trust owned by members of the family. No shares of MSI were purchased from the Berkeley…
The latest assessment by international insurance group MAPFRE Economics points to a more favorable environment for global insurance companies. MAPRE noted that stable economic conditions, improving financing in key markets and a benign inflationary backdrop are laying the foundation for continued expansion across the industry. According to its new forecasts, life insurance activity is expected…
Relm Insurance, a specialist insurance company targeting emerging and innovative industries, has announced the launch of a new suite of insurance products designed for the rapidly expanding space economy. These comprehensive offerings provide brokers and their clients with robust coverage, enhancing technology business resilience at every stage from initial development to market establishment. Building on…
Swiss Re disappointed some analysts by announcing a 2026 net profit target of $4.5 billion. Andreas Berger, the reinsurer’s group chief executive, has since stressed the importance of timing growth and avoiding temptations. This morning, the global reinsurer confirmed and raised a number of targets for next year, including net profit of $4.5 billion, which…
AmTrust Financial Services, Inc., a global specialty property casualty insurance company, and Blackstone Credit & Insurance (BXCI) announced the completion of a strategic transaction and the formation of ANV Group Holdings Ltd. (ANV), a new independent multinational MGA company. AmTrust announced in September 2025 a definitive agreement with BXCI to spin off certain of AmTrust’s…
Credit ratings agency Fitch Ratings said the broader Europe, Middle East and Africa insurance landscape will remain on a stable footing in 2026, supported by solid operating performance, corporate capital and continued momentum generated by new business. Fitch Ratings said that despite weak economic growth, unstable financial markets and some pricing pressures, conditions in the…
Industry experts at SAS predict that the coming year will mark a major shift, with AI playing a central role in insurance companies’ operations rather than being a supporting tool. SAS, an analytics and artificial intelligence company known for its advanced data and decision-making technology, noted that this shift represents a critical moment for the…