Linda

Wright National Flood Insurance Company has announced its partnership with Orange Insurance Exchange (Orange) to co-brand flood policies. Wright Flood will service, administer, and issue flood coverage under the National Flood Insurance Program (NFIP) for Orange policyholders and agents. Patricia Templeton-Jones, President of Wright Flood, expressed excitement about the new partnership, stating, “We look forward […]

According to Lancashire Holdings’ Chief Underwriting Officer (CUO), Paul Gregory, market conditions in almost all lines of business continues to have “very solid rating fundamentals going into 2025.” “Our expectation is that the recent loss activity both highlights the value of the products that we sell, which will always help demand, and also prolongs the […]

The Baldwin Group has announced that total revenue has grown 11% in the third quarter of 2024, to $338.9 million from the $306.2 million reported in the same period last year. At the same time, the company also posted organic revenue growth of 14% during Q3 2024. However, the organisation also posted a net loss […]

In his keynote address at the 20th Singapore International Reinsurance Conference (SIRC), Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the Monetary Authority of Singapore (MAS), outlined a detailed plan to reinforce Singapore as Asia’s leading reinsurance hub. While Yong’s keynote touched on numerous topics, one of the […]

Net underwriting earnings across Berkshire Hathaway’s insurance and reinsurance operations declined to $750 million in the third quarter of 2024, as the strong performance at GEICO more than offset underwriting losses at both the firm’s primary insurance and reinsurance businesses. The net underwriting result of Berkshire Hathaway’s re/insurance businesses fell 69% year-on-year from the $2.4 […]

Net underwriting earnings across Berkshire Hathaway’s insurance and reinsurance operations declined to $750 million in the third quarter of 2024, as the strong performance at GEICO more than offset underwriting losses at both the firm’s primary insurance and reinsurance businesses. The net underwriting result of Berkshire Hathaway’s re/insurance businesses fell 69% year-on-year from the $2.4 […]

International specialty insurance firm Ryan Specialty Holdings, Inc. has reported revenue growth of 20.5% year-over-year to $604.7 million in the third quarter of 2024, compared to $501.9 million in the prior-year period, while net income spiked 82.4% year-over-year to $28.6 million. The organic growth rate for the quarter was 11.8% for the quarter, down from […]

Specialty re/insurance group Chaucer has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform. Sit is regarded as a highly respected and experienced Marine practitioner with more than 25 years’ experience. As Class Underwriter, Marine, he […]

With the Asia-Pacific region’s contribution to global GDP increasing, it is positioned to play a vital role in driving growth within the global insurance industry, according to the latest APAC Market Report from Gallagher Re, a reinsurance broker. This report provides insights into the diverse insurance landscapes across the Asia-Pacific, where each market faces its […]

Global insurer AXA’s property & casualty (P&C) and specialty risk division, AXA XL, achieved gross written premium (GWP) and other revenues growth of 7% in the first nine months of 2024 to €44.5 billion, supported by 10% year-on-year growth at AXA XL Reinsurance. Within the reinsurance business, premiums grew to €2.4 billion from €2.1 billion […]