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Global reinsurer Munich Re’s net performance for fiscal 2025 exceeded its target, reaching 6.121 billion euros, of which reinsurance business contributed 5.204 billion euros, with property and casualty (P&C) and life and health (L&H) businesses performing strongly during the year. 2025 marked the fifth consecutive year that Munich Re’s annual profit exceeded respective guidance, exceeding…

Berkshire Hathaway Specialty Insurance (BHSI), an insurance provider of commercial property, casualty and specialty insurance, announced significant promotions to its property leadership team. Ryan Abelli and Chris Lemoine have been named co-heads of wholesale general real estate, while JP Ahlgren has been promoted to senior vice president of real estate. Greg Freeman, senior vice president…

AM Best revised its outlook to stable from negative and affirmed the credit ratings of members of Mercury Casualty Group (Mercury) based on its net ultimate losses and reinsurance recoveries following the January 2025 California wildfires. The rating agency affirmed Mercury Member’s Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating (Long-Term ICR)…

The Pensions Insurance Company (PIC), a specialist insurer of defined benefit pension schemes, has completed the £60m acquisition of Bodycote UK pension scheme, ensuring benefits for all 680 scheme members. Bodycote provides specialist heat treatment services, providing the metallurgical solutions necessary to improve the performance, reliability and service life of critical components. The company serves…

AXA XL, AXA’s property, casualty and specialty risk division, has appointed Greg Carnazza as regional head of construction property for the Americas. In this new role, he will be based in Atlanta and report to Jon Tellekamp, ​​Chief Underwriting Officer, AXA XL Construction. Carnazza will oversee the development and execution of the company’s construction real…

MSIG USA and Mitsui Sumitomo Insurance Company (MSI Japan) (collectively, MSIG) have partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to launch a new insurance-backed credit facility designed to expand access to finance in emerging markets. Under the facility, MSIG will support IFC’s efforts to increase lending to banks…

Global reinsurance brokerage Gallagher Re has announced the appointment of Kevin Ingram as Vice President of USA Property Facultative. Ingram has more than 25 years of reinsurance industry experience, covering reinsurance accounting, U.S. and international temporary property underwriting, and temporary property reinsurance brokerage. He has a proven track record of managing cross-functional teams and supporting…

Claude, the artificial intelligence platform developed by Anthropic, is currently undergoing extensive corporate rollout at Hub International Limited, an insurance brokerage and financial services company. Anthropic, an artificial intelligence research and development company, is working with HUB to implement the platform across its more than 20,000 employees. The program launches at the end of the…

Home insurance group Hippo announced its financial results for the fourth quarter of 2025, with net profit of US$6 million, total premiums increasing by 40%, and the combined ratio improving to 99%. Net income for the fourth quarter of 2025 compared to net income of $44 million for the fourth quarter of 2024, which included…

Delos Insurance Solutions, a property and casualty insurance managing general agency, has made a series of senior leadership changes as it prepares for its next phase of expansion. The company focuses on home insurance solutions, particularly in markets where many traditional insurance companies have reduced or withdrawn coverage. By combining proprietary wildfire science with satellite…