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Global insurer Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Asia Holdings Pte Ltd, has agreed to acquire general insurer HSBC Life Singapore Pte Ltd (HSBC Life Singapore) from HSBC Holdings plc (HSBC Group), subject to regulatory approval. HSBC Life Singapore has a strong presence in the country’s life and health insurance market. Operating profit…
Re/insurance holding company WR Berkley Corporation announced the appointment of Paul J. Stock as president of Carolina Casualty, effective immediately. Stocker brings more than two decades of experience in the property and casualty insurance industry to his new role, focusing on the transportation industry across multiple disciplines, including claims, product management, underwriting, risk management, telematics…
Universal Insurance Holdings reported net income available to common shareholders of $59.2 million in the second quarter of 2026, an increase of 69% from $35.1 million in the same period last year. For the quarter, adjusted net income to common shareholders was $53.4 million, compared with $35.7 million in the second quarter of 2025. Universal…
Malaysian reinsurer Mandarin Re has appointed Patrick GW Ward to its board of directors. The appointment reflects Mandarin Re’s continued commitment to strong governance and long-term sustainable growth. “We believe Patrick’s experience and industry perspective will make a valuable contribution to the board and the company’s future growth,” the reinsurer said. Ward has more than…
ERGO recently released a report in partnership with Google Cloud that explores how self-evolving AI agents can help insurance companies capture, preserve, and extend undocumented institutional knowledge that is at risk of loss, enabling long-term access to this knowledge across the organization. The ERGO Innovation Lab, in partnership with Google Cloud, has released a report…
The Hartford, an American insurance company, announced its financial results for the second quarter of 2026. Net profit increased to US$1.3 billion, and property and casualty (P&C) written premiums increased by 3% compared with the same period last year. The company said growth in property and casualty insurance written premiums in the second quarter of…
LexisNexis Risk Solutions, a provider of data, analytics and technology services to the insurance, financial services, healthcare and public sectors, has released its 2026 U.S. Home Furnishing Trends Report, Overview of recent developments in the U.S. home insurance market. The report analyzes claims data across a range of property risks, examining changes in loss costs,…
Munich Re’s net profit for the second quarter of 2026 was about 2.2 billion euros, according to preliminary data, helped by strong operating results across the group and “very low” major loss expenses in the property and casualty (P&C) reinsurance business. The global reinsurer posted a net profit of €1.7 billion in the first quarter…
AXA XL, AXA’s property and casualty specialist risk division, has announced the appointment of Bob Stanton as head of national and consolidated accounts. Based in Boston, Stanton will oversee strategic growth initiatives for the firm’s excess and surplus (E&S) division’s national and complex accounts divisions. The executive has extensive experience in the insurance industry with…
Goosehead Insurance, Inc., an independent personal insurance agency, reported a 21% year-over-year increase in total revenue to $113.4 million in the second quarter of 2026, compared with $94 million in the second quarter of 2025. In the first half of 2026, revenue growth totaled $206 million, compared with $167 million in the first half of…