P&C Insurance

According to the latest forecasting report by the Insurance Information Institute (Triple-I) and collaborating partner, Milliman, the first-half economic and underwriting results for the US property and casualty (P&C) industry were better than expected. The report, Insurance Economics and Underwriting Projections: A Forward View discloses that the net combined ratio (NCR) estimate of 99.4 improved […]

Altus Consulting, a specialist in Financial Services Management Consultancy, has released a whitepaper titled All Aboard for Modernisation: Next Stop Underwriting, which discusses the insurance industry’s imminent next phase of modernisation, with underwriting at the centre of this evolution. Despite an estimated £15 billion spent over the past decade on transformation programmes, insurance businesses have […]

AXIS Capital Holdings Limited, a provider of specialty insurance and reinsurance solutions, has announced new leadership appointments for its Irish legal entities, AXIS Re SE and AXIS Specialty Europe SE, both based in Ireland and regulated by the Central Bank of Ireland. Offering a wide range of products to help businesses manage complex risks, including […]

According to the latest Insurance Marketplace Realities report from WTW, an advisory, broking, and solutions firm, commercial insurance rates have maintained steadiness and balance throughout the year across North America. WTW notes that new capital entering both the reinsurance and retail markets has intensified competition for premium market share, except in the umbrella and excess […]

Insurance holding company Ambac has partnered with Mike Miller and his team on the launch of Pivix Specialty Insurance Services Inc., a managing general agency focusing on the excess and surplus (E&S) lines market. Miller, who is the former president of Scottsdale Insurance, the E&S carrier of Nationwide, is president and chief executive officer of […]

Hurricane Milton is now a Category 5 with maximum sustained winds estimated at 160 mph with higher gusts, and while there remains much uncertainty as to how strong Milton will be at landfall and the exact location of this, BMS Group’s Andrew Siffert has stressed that a landfall around Tampa will be a major event […]

Independent insurance agents’ satisfaction with personal and commercial lines insurers has held strong despite a challenging environment, yet tighter underwriting standards strain their relationship with insurers, a J.D. Power study has found. According to the J.D. Power 2024 U.S. Independent Agent Satisfaction Study, “overall agent satisfaction with insurers of both personal lines and commercial lines […]

Counterpart, an AI-driven management and professional liability insurtech, has added General Liability (GL) insurance to its Miscellaneous Professional Liability (MPL) product line. This new offering broadens coverage for small businesses through Counterpart’s network of trusted wholesale brokers. The GL coverage, backed by A-rated carrier Aspen, offers tailored solutions for small and medium-sized businesses. It features […]

Insurance brokerage firm, Brown & Brown has announced one of its subsidiaries has acquired the assets of The Canopy Group, a multiline insurance agency focusing primarily on personal lines and commercial property and casualty for small businesses. Situated in Le Sueur, Minnesota, The Canopy Group caters to the needs of over 16,000 customers across the […]

The insurance and reinsurance industry is about confidence giving, providing financial protection, and establishing public and private partnerships, according to John Neal, Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace. Neal’s comments stem from the recent SCOR Live Sessions – The (re)insurer of tomorrow, webinar, which also featured the French reinsurer’s […]