Latest Smartphones, Gadgets and Startups News
Marsh’s latest Global Insurance Market Index (GIMI) shows that global commercial insurance rates will fall by an average of 5% in the first quarter of 2026, following a 4% decline in the fourth quarter of 2025. This is the seventh consecutive quarter of rate cuts. Rate declines in the first quarter were once again driven…
Chubb disclosed that property insurance underwriting income in the first quarter of 2026 was US$1.79 billion, an increase of 306.3% compared with the same period last year, and the combined ratio was 84%. The company’s net profit and core operating income in the first quarter of this year were US$2.32 billion and US$2.69 billion respectively,…
African Reinsurance reported a 50.6% year-on-year increase in net profit after tax for fiscal year 2025 (FY25) to US$199 million from US$132 million in FY24, driven by strong underwriting performance, record investment returns and lower foreign exchange losses. The reinsurer achieved strong premium growth, with gross written premiums (GWP) increasing 10.18% year-on-year to US$1.34 billion,…
S&P Global Ratings upgraded SiriusPoint’s core insurance operating unit’s long-term issuer credit and financial strength ratings to “A” from “A-“, the company’s third rating upgrade this year. In addition, Standard & Poor’s raised SiriusPoint’s long-term issuer credit rating to “BBB+” from “BBB” with a stable outlook. S&P said the upgrade reflected its view that SiriusPoint’s…
After more than 11 years at global reinsurer Munich Re, Dr. Jonas Haug will join Allianz Reinsurance as Global Head of Group Ceded Reinsurance, responsible for driving the development of the company’s reinsurance strategy in line with the group’s risk profile. Dr. Haug will lead Allianz Re’s group ceded reinsurance team from 1 July 2026,…
Cowbell, an insurtech company that provides adaptive cyber and specialty insurance solutions to small and medium-sized organizations around the world, announced the launch of Cowbell Prime One in the United States. The company is known for using data-driven underwriting and continuous risk monitoring to support businesses facing increasingly sophisticated digital threats. The new product is…
Global brokerage group Aon’s Reinsurance Solutions has appointed Subhash Khanna as director of its life solutions team within its London-based strategy and technology group. Most recently, he worked for Milliman for more than 11 years as principal and consulting actuary and consulting actuary in London and India. He has extensive experience in complex actuarial projects…
Fitch concluded that the Lloyd’s market’s disciplined approach to underwriting, reserves and investment management positions it well to weather a softer pricing cycle over the next two years. The global credit ratings agency stressed that Lloyds will continue to maintain a very strong capital position and expects its credit profile to remain strong through 2026,…
Bulgaria-based Boleron has received approval from OpenAI to distribute insurance products directly through ChatGPT, reportedly making it the first licensed insurance broker in the world to be authorized for AI agent distribution and the only one of four multi-jurisdictionally regulated insurance companies in the world permitted to operate. Alexander Tsvetkov, founder and CEO of Boleron,…
Specialist managing general agent (MGA) and Lloyd’s underwriter Blenheim Underwriting has appointed Ian Ritchie as contingency underwriter, effective June 2026. In his new role, Ritchie will primarily focus on enriching the existing absentee roster by adding areas such as event cancellations, prize compensation, contract bonuses, excess redemptions, film and licensing programs. With this appointment, Ritchie…