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Maritime insurer British Marine, part of QBE Insurance Group, has announced the appointment of Richard Inman as Portfolio Manager of British Marine P&I. In his new role, Inman will be responsible for delivering P&I underwriting results for the UK Maritime program and developing the insurance risk strategy across the portfolio. He has over 13 years…
Bowhead Specialty, a provider of casualty and professional liability products, has announced financial results for the fourth quarter of 2025, with net profit of $14.8 million and a gross written premium (GWP) increase of 21.3%. The company’s net income for the quarter rose 9.1%, up from $13.6 million reported in the fourth quarter of 2024….
AM Best revised the outlook for the German non-life insurance sector to stable from negative on expectations that premium increases will continue to keep pace with claims inflation, leading to stable profitability. AM Best said in a recent report that the stable outlook reflects expectations that the segment will deliver revenue growth on the back…
Conning said that despite expectations for a more challenging macroeconomic environment, including rising inflation, liquidity risks and lower Federal Reserve interest rates, U.S. insurers reportedly remain “optimistic” about investment conditions in 2026. A new survey conducted by the firm in December 2025 found that 76% of respondents believe investment opportunities for insurance companies are improving….
Bowhead Specialty, a provider of casualty and professional liability products, has announced financial results for the fourth quarter of 2025, with net profit of $14.8 million and a gross written premium (GWP) increase of 21.3%. The company’s net income for the quarter rose 9.1%, up from $13.6 million reported in the fourth quarter of 2024….
US insurer Liberty Mutual and Floodbase, a platform specializing in flood risk solutions, have launched an instant quote app for parametric flood reinsurance in the US. The tool enables wholesale and retail brokers to price parametric flood coverage in minutes, streamlining a traditionally complex and time-consuming process. By integrating Liberty Mutual’s pricing engine with the…
A wholly-owned subsidiary of Property Insurance International Holdings Ltd. (SIH) successfully completed the acquisition of Aspen Insurance Holdings Ltd. by purchasing 100% of Aspen’s issued Class A common stock. The closing follows the initial $3.5 billion deal announced in August 2025. Mikio Okumura, Sompo Group CEO, said: “Today marks an important milestone in our strategy…
Financial services advisory firm Synpulse has promoted Marcel Loetscher to senior partner and Joel Smith to partner in its commercial insurance, reinsurance, ILS and authorized institutions (CRID) practice area. The appointments come as insurers and reinsurers reassess their operating models due to increasing cost pressures and the need to improve efficiency. At the same time,…
Global specialty insurance company Octave Specialty Group, Inc. (Octave) (formerly known as Ambac Financial Group, Inc.) reported that Everspan’s gross and net premiums increased 34% and 978%, respectively, to $80 million and $23 million in the fourth quarter of 2025. In comparison, Everspan’s gross premiums and net premiums were approximately $60 million and $2.6 million,…
Broad adoption of artificial intelligence (AI) continues to accelerate, with 82% of global enterprises reporting a positive impact on their organizations, but data protection and errors remain the top challenges, according to Gallagher’s third annual Artificial Intelligence Adoption and Risk Survey. The survey of 1,200 businesses globally highlights the rapid integration of AI into their…