Latest Smartphones, Gadgets and Startups News
Global reinsurer SCOR posted net profits of €208 million and $851 million in the fourth quarter and full year 2025, respectively, as the company’s property and casualty (P&C) business generated strong underlying results and stronger combined ratios in both periods. In fiscal 2025, SCOR’s insurance revenue fell 4.6% year-on-year to 15.4 billion euros, and fell…
Searchlight Capital Partners, LP, a global private investment firm, has completed the sale of Euclid Transactional, LLC, a managing general agent (MGA) specializing in transactional insurance underwriting and claims processing, to CRC Group, a North American wholesale specialty insurance distributor. In 2021, Searchlight completed its investment in Euclid Transactional, during which MGA expanded its geographic…
Insurer Tokio Marine Kiln (TMK) has strengthened its underwriting backbone by appointing George Leahy as underwriter in its liability division, where he will report directly to head of liability Oliver Delaney. Leahy has eight years of casualty underwriting experience. Prior to joining Sompo International, he focused on international casualty risk, particularly in the heavy industry…
USD.AI, a decentralized protocol for GPU-backed lending, has partnered with institutional risk transfer platform Barker to provide comprehensive value protection for all GPU-backed loans. Under the partnership, new GPU loans issued through the USD.AI protocol will receive independent, AI-driven valuations from Barker. These valuations are backed by Munich Re’s “aiSure” performance guarantee, which directly protects…
Credit ratings agency Moody’s reported that publicly traded U.S. life insurers posted solid but uneven operating profits in the fourth quarter of 2025 as the boost from rising interest rates faded and yields stabilized. While results were generally positive compared to the prior year, sequential results were weakened for some companies due to tighter spreads…
James River Group disclosed that it will return to profitability in 2025 due to improved underwriting performance, with net profit available to common shareholders of US$39.6 million, compared with a loss of US$118.3 million a year ago. The company’s gross written premiums (GWP) in 2025 will total $1.17 billion, down from $1.43 billion in 2024,…
After SiriusPoint reports strong full-year 2025 results, CEO Scott Egan discusses what he believes is most important behind the headline numbers, how he approaches growth and capital allocation, and why the re/insurer is investing heavily in Accident & Health (A&H) and its MGA ecosystem. SiriusPoint recently announced 2025 results, which included full-year net income for…
Australia-based commercial insurer and reinsurer QBE Insurance Group has appointed Stephanie Cryer as chief underwriting officer (CUO) of its international division, effective April 1, 2026, subject to regulatory approval. Cryer will report to QBE International CEO Jason Harris and will join the division’s executive management committee. She will also work closely with QBE Group Chief…
International insurance law firm Kennedys has warned that the evolving conflict involving the United States, Israel and Iran could bring a rare multi-front event to global insurance and reinsurance markets. Kennedy’s assessment is that continued military operations, disruptions to energy flows and prolonged regional instability could simultaneously test political violence, maritime, aviation, trade credit and…
Specialty managed general agent (MGA) underwriting platform Arrow Risk Management has appointed Paul Witzenfeld as head of underwriting to lead the company’s new property concurrent (FAC) reinsurance underwriting business. The new approach will provide temporary property reinsurance on a primary loss and excess loss basis. The goal is to maintain a broad risk appetite, underwriting…