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Bermuda-headquartered Lancashire Insurance Holdings’ reinsurance premiums rose 8.1% year-on-year to $1.2 billion in the 2025 financial year, with each pillar contributing to growth, with group profit after tax falling 9% to $293.4 million due to higher costs due to weather and major loss events. Gross written premiums (GPW) for the entire business increased 5.1% year-on-year…
Speaking at the 2026 Association of Insurance and Financial Analysts (AIFA) Conference, Autonomous Analysts noted that the adoption of artificial intelligence in the insurance industry is still in its early stages and highlighted strong interest in data centers, although underwriters remain cautious about aggregation risks, limiting near-term growth potential. During the conference, analysts from Jefferies,…
Chubb, a major US insurance company, has announced the promotion of Richard Bracken to head of digital strategic partnership development for Asia Pacific, Japan and International, effective March 1, 2026. Bracken’s role has expanded from his previous role as regional director of consumer partnerships, responsible for finding strategic partners for Chubb in the Asia-Pacific region,…
Specialist insurance and reinsurance provider Ascot has launched Ascot Guard, a global security insurance solution designed to provide a wide range of protection for organizations and individuals operating domestically, internationally and in high-risk or complex environments. Ascot Guard is tailored to serve a diverse client base across industries including energy and mining, tourism, education, NGOs,…
International insurer and reinsurer QBE has announced the promotion of Scott Pidduck to the newly created position of General Manager, Canada, effective April 1, 2026. The general manager position replaces the Canadian director position that previously led Canadian operations. Based in Toronto, Pidduck will report to Kevin Shallow, executive director of international markets at QBE…
Broking group Brokerslink has strengthened its international presence by welcoming Southampton-based employee benefits specialist Everywhen as its latest UK partner. The partnership enhances the employee benefits offered by Brokerslink across the UK, combining Everywhen’s local market knowledge with the strength and reach of a global brokerage network. Founded in 2005, Everywhen advises organizations of all…
Volt Underwriting, a managing general agent (MGA) serving clients and brokers in the energy sector, has appointed Rebecca Friel as senior power underwriter to strengthen its power and renewables division. Friel brings two decades of experience with Travelers, most recently as senior underwriter in the company’s power and utilities division. Andrew Tokley, chief underwriting officer…
At the American Insurance and Financial Analysts (AIFA) 2026 annual meeting, reinsurers generally agreed that catastrophe pricing may continue to decline into 2027 unless a larger loss event disrupts capital. Analysts at investment bank and financial services firm Goldman Sachs reported that brokers and carriers “do not expect primary property pricing to improve in 2026…
Berkshire Hathaway Specialty Insurance (BHSI), an insurer that provides commercial property, casualty and specialty insurance, has appointed Marcus Portbury as regional president for Asia Middle East (AME) and Hong Kong branch chief executive officer (CEO), subject to regulatory approval. Portbury will remain based in Hong Kong and succeeds Marc Breuil in both roles, who is…
NFP, a company of Aon, a property and casualty (P&C) broker and benefits advisor, established the P&C Group captive insurance business through the acquisition of Trinity Risk Advisors, LLC, a Charlotte, North Carolina-based captive insurance brokerage. Alan Wise, founder and president of Trinity Risk Advisors, will lead P&C Group’s captive insurance business as managing director….