Latest Smartphones, Gadgets and Startups News
Sompo, a global provider of property, casualty, specialty insurance and reinsurance, has appointed Sarah Stanley as Chief Executive Officer (CEO) of Sompo UK following the recent completion of its acquisition of Aspen. The new position, which is effective immediately subject to regulatory approval, will report to Alessa Quane, chief executive of international markets, and will…
Universal Insurance Holdings, a large Florida-based insurance company, reported net income available to common shareholders of $66.6 million in the fourth quarter of 2025, a significant increase from $6 million in the same period last year. The company’s adjusted net income also increased, rising to $63.3 million from $7.2 million in the same period last…
Joanne Musselle, group chief underwriting officer (CUO) of specialist insurer Hiscox, said earlier today that the company’s underwriting strength in reinsurance was driven by a number of factors. Hiscox executives answered analyst questions on a range of topics after posting a strong set of results for 2025, including strong results from the company’s reinsurance business…
Technology-based insurance company Slide Insurance Holdings, Inc. reported net profit of $170.4 million in the fourth quarter of 2025, an increase of 126.9% from $75.1 million in the same period last year. Total gross written premiums for the quarter were $618.5 million, an increase of 56.7% from $394.6 million in the fourth quarter of 2024,…
The net inflows of international insurance group Ageas increased by 9% year-on-year to 19.6 billion euros. Supported by the continued expansion and solid performance of the reinsurance business, net operating results will increase by 33% in 2025, reaching 1.65 billion euros. Reinsurance third-party business inflows will increase to EUR 905 million in 2025 from EUR…
Global insurance and reinsurance brokerage Howden has launched a new Japan program within its construction and infrastructure assets division, announcing key senior appointments. Howden said the move further strengthens its global capabilities to support Japan-led construction and infrastructure projects around the world. It was established in response to Japan’s substantial and growing investment in major…
International General Insurance Holdings, Inc. (IGI), a specialty commercial insurer and reinsurer, reported net income of $32.3 million in the fourth quarter of 2025, an increase of 7.7% from $30 million in the fourth quarter of 2024, driven by continued positive underwriting performance and investment income. Full year 2025 (FY25) net profit was US$127.2 million,…
Credit ratings agency AM Best upgraded the financial strength ratings of specialty insurer RLI Corp.’s insurance subsidiaries RLI Insurance Company, Mt. Hawley Insurance Company and Contractors Bonding and Insurance Company to A++ (senior) from A+ (senior). In addition, the rating agency also upgraded the company’s long-term issuer credit rating from “aa” (senior) to “aa+” (senior)….
Technology-enabled reinsurer Northern Re has revealed that it has increased committed capital by $150 million, with support from new and existing investors, bringing total platform capacity to $325 million. With platform development beginning in 2020 and the company officially launching in 2022, Northern Re enters the mortgage reinsurance and insurance-linked securities (ILS) markets with a…
Technology-enabled reinsurer Northern Re has revealed that it has increased committed capital by $150 million, with support from new and existing investors, bringing total platform capacity to $325 million. With platform development beginning in 2020 and the company officially launching in 2022, Northern Re enters the mortgage reinsurance and insurance-linked securities (ILS) markets with a…