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FM, a commercial property insurer focused on property protection, engineering and loss prevention, will provide eligible clients with an estimated $855 million through its resilience credit program, marking the second consecutive year that the firm is providing a 10% premium offset. Up from 5% in 2024 and prior years, the 10% premium offset to eligible…
Universal Insurance Holdings recorded a 9.6% hike in total revenues to $439 million for the third quarter of 2026, up from $400 million in Q3’25, as total revenues for the first nine months of the year increased by 5.3% to $1.26 billion from $1.19 billion in 2025. The increase in both periods primarily stems from…
Isometric, the certifier for the industrial economy, has launched a new insurance framework, co-developed with Marsh, that helps reforestation projects improve their economics by enabling developers to use insurance to reduce their buffer pool contributions. Buffer pools are reserves of carbon removal certificates that projects contribute to as a safeguard against reversals caused by events…
Global reinsurer Munich Re has reported a preliminary net profit of approximately €1.7 billion for Q3 2026, driven by a “very pleasing” operating performance across all business segments, below-average major-loss expenditure in P&C reinsurance, and a strong investment result in reinsurance. The firm described the results as another quarter of strong financial performance, with its…
US life insurers are increasing their financial exposure to artificial intelligence (AI) infrastructure, although these investments continue to account for a relatively small proportion of their overall assets, according to Moody’s Ratings, the credit ratings and financial research provider. The agency has reported that growing investment in data centres, computing equipment and major technology companies…
Pinion Insurance, a London-based specialty insurance carrier established in 2026, has appointed Robert Carlaw as Chief Technical Officer (CTO). The appointment comes as the company continues to build its technology infrastructure, expand its underwriting capabilities and develop its proprietary Sarrus platform. The appointment brings more than 20 years of software engineering and digital transformation experience…
Donegal Insurance Group has expanded its partnership with ZestyAI, a provider of AI-driven insurance risk analytics, adding Z-PROPERTY™ to deepen its understanding of the properties and exposures across its personal lines portfolio. This builds on their existing partnership, which began in 2025, when Donegal selected ZestyAI’s Roof Age solution to improve its internal data and…
Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has announced the promotion of Richard J. Fiato to Chief Business Officer. Bill Wilson will be succeeding Fiato as Chief Executive Officer of Conifer Insurance Services, LLC (CIS) and President of Aerospace Insurance Managers (AIM). In this newly expanded role, Fiato will lead legal, compliance and…
Willis, a business of global advisory, broking and solutions company WTW, has reported that cyber security is becoming an increasingly prominent issue for corporate boards, as cyber attacks and data loss continue to rank among the main concerns for directors and officers. Its latest Directors’ & Officers’ Liability Insurance Survey 2026: Cyber in Focus found…
Selective Insurance Group, Inc. has reported a 124% increase in after-tax net underwriting income to $29.5 million for Q3 2026, up from $13.2 million a year earlier, as its combined ratio improved despite higher catastrophe losses. The firm’s combined ratio fell to 96.8% for Q3 2026, compared with 98.6% in the same period last year,…