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For the year ending December 31, 2025, Ping An Insurance (Group) Co., Ltd. of China’s property and casualty insurance business maintained stable growth and strong performance, with insurance revenue increasing by 3.3% year-on-year to RMB 338.912 billion. In 2025, Ping An Property & Casualty’s premium income will be 343.168 billion yuan, a year-on-year increase of…
Independent insurance broker Lockton has announced the appointment of Patrick Häusler as Head of Business Development at Lockton Switzerland. In his new role, Häusler will be based in Zurich and work closely with colleagues in Switzerland, the wider region, London and the United States to drive growth and bring Lockton’s global capabilities to the Swiss…
hyperexponential (hx), a pricing and underwriting decision-making platform for commercial property and casualty reinsurance, has partnered with Banyan Risk, marking MGA’s first deployment of hx’s full agency underwriting suite in the US, UK, Canada and Bermuda markets. The hx platform is now expected to be the core of Banyan’s underwriting stack, orchestrating pricing, submissions, governance…
DUAL Group, an international professional underwriting institution, announced the promotion of Scott Sayce to Group Chief Commercial Officer (CCO), effective April 1, 2026. In his new role, Sayce will report to DUAL Group CEO Richard Clapham and will also join the DUAL Group Executive Committee. He has more than two decades of industry experience with…
As the use of agent-based artificial intelligence becomes mainstream, Munich Re says the technology is expected to shape the scope, speed and precision of offensive and defensive cyber measures. The global reinsurer’s recent report, Cyber ​​Insurance: Risks and Trends 2026, highlights a world defined by geopolitical tensions, armed conflict and increased industry competition ahead, as…
Farmers Insurance, the largest California-based property casualty insurance company, has appointed John Pham as chief strategy and risk officer. In his new role, Pham reports to Farmers Group, Inc. CEO Raul Vargas. He will work across the enterprise to help translate strategy into measurable business results, focusing on improvements in execution discipline, operational excellence and…
Algorithmic Insurance Services, Inc., a wholesale broker trading as LIRG, has provided $15 million in quota share (QS) reinsurance to New York-based managing general agent DLT Alert. Reinsurance Support has launched a new suite of embedded parametric cyber warranty products for system providers of cyber security solutions. The first program will go live next week…
Corebridge Financial, Inc., an American multinational financial services company, and Equitable Holdings, Inc., a financial services holding company, have entered into a definitive agreement to merge in an all-stock merger that will value the combined company at approximately US$22 billion based on the closing prices of each company as of March 25, 2026. The merger…
Lloyds Market Association (LMA) clarified in a recent statement that the reduction in ship traffic in the Strait of Hormuz is not due to the availability of insurance, but rather due to security concerns. The LMA said: “Three weeks since hostilities in the Middle East began, we are still seeing reports of insurance being canceled…
Pinion Insurance, a new technology-based specialist insurance company, has announced the appointment of Chris Jones as Group Chief Financial Officer, effective immediately. Jones is now a member of the founding leadership team consisting of chief executive Neil McConachie, group chief underwriting officer Philip Vandoninck and group chief technology officer Laura Baird. He also becomes a…