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UK insurance services provider Jensten Group has appointed Jaime Swindle to the newly created position of chief executive officer (CEO) of products and distribution, pending regulatory approval. The appointments follow the insurer’s recent reorganization of its executive leadership team and the division of the business into two clearly defined trading divisions: Brokerage and Product &…
Allstate reported total revenue of $16.9 billion in the first quarter of 2026, an increase of $489 million from the same quarter in 2025, and net income increased to $2.4 billion, reflecting strong underwriting performance. Meanwhile, Allstate’s active policies reached 212 million in the first quarter of 2026, reportedly reflecting growth in auto and homeowners…
Global insurance broker WTW’s revenue in the first quarter of 2026 achieved 8% (organic growth of 3%), reaching more than US$2.4 billion, and the company’s business revenue increased by 4% year-on-year to US$448 million. Excluding the impact of foreign exchange, revenue increased by 4% and operating margin fell to 18.6% in 1Q26 from 19.4% in…
Independent insurance broker Lockton has secured a reinsurance license in the Kingdom of Saudi Arabia, a move that marks the next stage of the company’s geographical expansion. Chris Brown, CEO of Lockton International, said: “This license strengthens our service and ensures we can meet the needs of our clients in Saudi Arabia and beyond when…
Richard Jones will join Willis Re, the reinsurance advisory and brokerage joint venture between Bain Capital (BCIS) and WTW, in October 2026 from Gallagher Re and will lead the reinsurance brokerage’s Asia operations in Singapore, subject to all regulatory approvals being obtained. Jones is an experienced and respected practitioner in the region, bringing nearly four…
ACORD, the international organization responsible for insurance data standards, has released the 2026 Insurance Data Standards Insurance digital maturity research Assess how digital capabilities translate into business performance across industries. The analysis covered 210 of the world’s largest insurance companies across property and casualty, life and reinsurance businesses and found that only 7% of companies…
In a recent interview with Reinsurance News, Gavin Lillywhite, senior vice president of business development at Xceedance, discussed how data analytics and generative artificial intelligence (GenAI) can enhance the managed general agent (MGA) business model. “There is much hype and hype around the potential of agent AI to transform the insurance and reinsurance industry. As…
Fuse, an AI intelligence platform focused on commercial insurance, has launched Mark, a new solution designed to evaluate insurance submissions based on real-time market data. This follows the company’s recent launch of Watch, a commercial insurance real-time risk dashboard that maps active risk events across the U.S. in real time for brokers and underwriters, and…
Bermuda-based insurer and reinsurer Lancashire Holdings Limited has announced financial results for the first quarter of 2026, with gross written premiums (GPW) falling 6.1% year-on-year to $668.4 million. The reinsurer pointed out that excluding the impact of recovery premiums related to the California wildfires, the underlying decline in gross written premiums was only 1.2%. The…
Apollo, part of Skyward Group, an innovation-focused insurance platform, has announced the launch of its international casualty reinsurance category, expanding its existing portfolio and expanding its presence in global markets. The firm views the addition as a strategic move to support clients with complex risk requirements while introducing a lower-volatility component to its overall portfolio….