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HCI Group, Inc., a Tampa-based insurance holding company, reported a significant 2,512.4% increase in net income to $108 million in the fourth quarter of 2025, compared to $4 million in the same period last year. Pre-tax income for the quarter was $144 million, up from $6 million in the fourth quarter of 2024, and net…
International insurance broking and risk management company Gallagher has appointed specialist investigations and disputes lawyer Alexandra Carr as director of its dispute resolution insurance team, which is ranked Band 1 for litigation support by Chambers & Partners. The Dispute Resolution Insurance team operates within Gallagher’s growing multi-disciplinary private equity and M&A practice. Through this integrated…
Rokstone North American Marine, part of international specialty reinsurance MGA Rokstone, has launched a new inland marine equipment program supported by $10 million in underwriting capital from QBE. The new program offers modern, flexible, professional coverage aimed at small and medium-sized contractors, equipment dealers, rental operators and industrial businesses operating across multiple locations and job…
Liberty Mutual’s reinsurance division (LM Re) has appointed John Nicholls as casualty underwriting manager for Australia and New Zealand (ANZ). Nicholls joins LM Re from Liberty Specialty Markets’ Sydney office via an internal move, reflecting the organization’s integrated operating model across its global operations. The appointment highlights LM Re’s focus on the Australian and New…
Specialist insurance company Mosaic Insurance has partnered with international reinsurer Munich Re to offer new insurance products tailored to the needs of artificial intelligence providers. The program leverages Munich Re’s aiSure platform, a recognized tool for assessing AI risks, to cover risks that are typically not addressed by traditional cyber or technology errors and omissions…
AM Best said two major winter storms in the United States (Fern in January and Hernando in February) are expected to cause a significant drop in underwriting profits in the first quarter of 2026, but the impact will not be as severe as the California wildfires in 2025. The ratings agency expects major insurers to…
International insurance brokerage group Howden today announced the appointment of Christopher Dalrymple as group chief legal officer, effective March 23, 2026. Dalrymple will bring more than 25 years of legal leadership experience in the insurance and financial services sectors, as well as extensive experience in public corporate governance, private equity and capital markets, to support…
Bermuda-based property catastrophe reinsurer Lumen Re Ltd., within the LGT Capital Partners insurance-linked securities (ILS) platform, has completed its debut Rule 144A catastrophe bond, Photon Re, securing $175 million in index-based collateral protection over a four-year term against two categories of severe hurricane and earthquake events in the United States and Canada. LGT Capital Partners…
Executives at global insurance company AXA describe artificial intelligence (AI) as a historic opportunity to transform the insurance business and a key lever for better risk pricing, improved service quality and enhanced customer experience. During AXA’s full-year 2025 earnings call, group CEO Thomas Buberl said that one of the company’s key priorities is to turn…
American Coast Insurance Company (ACIC), the property and casualty insurance holding company of AmCoastal, has appointed Troy Crawford as its new chief underwriting officer (CUO). In January 2025, Crawford was appointed chief operating officer of AmCoastal, where he will oversee the underwriting strategy, risk selection and portfolio performance of the company’s commercial insurance business. In…