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Heritage Insurance Holdings reported a significant improvement in full-year profitability in 2025, with net profit more than tripling on strong underwriting results. The Florida-based property and casualty insurance company reported full-year net income of $195.6 million in 2025, a significant increase of 217.8% from $61.5 million in 2024, while total revenue for the year increased…
Markel Insurance, the insurance business of Markel Group Inc., has appointed Ravi Jain as head of business development and distribution, India, based in Mumbai, effective immediately. The appointment is in line with Markle’s wider commitment to investing in India and building strong local partnerships through market expertise. In his new role, Jain will report to…
The Pensions Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has announced the appointment of Michael Eakins as its chief executive officer (CEO), subject to regulatory approval. Dom Veney will continue to serve as interim CEO and lead the company until Mike takes over. Eakins will join Athora upon completion of its…
Global professional services firm Aon has completed what it calls the “first known” stablecoin insurance premium payment among a prime broker, following a successful proof-of-concept using a U.S. dollar-backed stablecoin. The initiative, led by Aon’s Digital Assets business, leverages the firm’s deep expertise in digital asset risk advisory, applying its insurance and risk management solutions…
Global reinsurance brokerage and advisory firm Gallagher Re has appointed Michael Stankard as UK Casualty Facultative broker. Stankard has over 16 years of experience in the financial and specialty re/insurance sectors. He began his career as an Assistant Professional Indemnity Underwriter at Towergate Underwriting Financial Risks before joining HCC International, a specialist insurance company with…
Fears that artificial intelligence (AI) will fundamentally disrupt the insurance brokerage industry may be exaggerated, according to a new analyst note from US investment bank and research firm TD Cowen, which says the technology is more likely to augment brokers’ capabilities rather than eliminate their roles. This analysis, led by analysts including Andrew Kligerman, Daniel…
Generali Group has reached an agreement to sell its property and casualty insurance business in Ireland and Northern Ireland, which is carried out through Generali Spain Ireland and UK (Northern Ireland) branches under the RedClick brand, to Zurich Insurance Europe AG and Zurich Insurance Company Ltd, UK Branch, part of Zurich Insurance Group, for €337…
International insurance brokerage group Lokton has appointed Livy Dai as Lokton China’s new chief executive officer (CEO), who will be based in Shanghai and report to Lokton Greater China CEO Ye Zhiqiang. He brings nearly three decades of experience in risk management and insurance broking, along with strategic thinking, a client-centric focus and a collaborative…
The Association of Bermuda Insurers and Reinsurers (ABIR), the trade association representing international insurers and reinsurers in Bermuda, and the Irish Insurance Authority, the representative body for the Irish insurance industry, are urging EU policymakers to make regulatory changes to the EU securitization framework. The groups said such changes would allow proven and well-regulated insurers…
AXA XL has appointed Sebastian Weaver as head of energy, UK and Lloyd’s, where he will lead the development and execution of the business’s underwriting strategy to drive profitable growth, strengthen risk management and expand market share. Weaver joins AXA XL from QBE where he served as director of underwriting oversight for QBE Portfolio Solutions….