Broker Insights, a data analytics and digital distribution provider for commercial insurance, has reached £10 billion in gross written premium (GWP) uploaded to its Vision platform across the UK, EU, and US. According to the firm, this new milestone underlines its fast-growing international footprint and the increasing global demand for its insurance decision intelligence platform. […]
Insurance and reinsurance broking group Gallagher has appointed Clare Francis as an Independent Non-Executive Director of Arthur J. Gallagher Holdings (UK) Limited. Additionally, as part of her role, she will become the Chair of the Remuneration Committee and a member of the Nominations, Audit and Risk Committees. Francis has extensive financial sector experience, most recently […]
According to new data released by the Insurance Council of Australia (ICA), the February North Queensland floods and ex-Tropical Cyclone Alfred in March have so far caused insured losses of almost AUD 1.5 billion. The ICA has clarified that these two events are being prioritised by insurers as they have resulted in a significant 26,000 […]
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Matt Bishop as Class Underwriter for its new UK and Ireland Casualty division, which was launched last week. Bishop, who brings 35 years of industry experience with a focus on Casualty, will join Rokstone after completing his notice period at Convex, […]
Cyber claims in the United Kingdom decreased by 20% in 2024 following a spike in 2023, although they remain around one-third higher than in 2020, 2021, and 2022, according to new research by Marsh, the insurance broking and risk advisor arm of Marsh McLennan. Marsh’s paper, “UK Cyber Insurance Claims Trend Report 2024,” analyses cyber […]
Insurwave, the London-based insurtech platform focused on specialty insurance, has entered into a strategic partnership with Osprey Flight Solutions, a specialist in aviation risk management. The collaboration aims to transform how insurers and aviation stakeholders assess, manage, and price risk by uniting Osprey’s advanced aviation threat intelligence with Insurwave’s dynamic insurance technology platform. This integration […]
Specialty insurance provider Trisura Group has announced its financial results for the first quarter of 2025, reporting a net income of $29.0 million and strong operating return on equity (ROE) of 18.4% driven by operating net income of $34.2 million. Trisura noted that Q1 2025 net income was lower than Q1 2024 primarily as a […]
American Coastal Insurance Corporation, a property and casualty insurance holding company, has released its financial results for the first quarter of 2025, reporting net income of $21.3 million. While this figure represents a slight decrease compared to the $23.6 million seen in Q1 2024, the company highlighted a strong combined ratio of 65%, although is […]
Arch Insurance International, a part of the global Arch Capital Group and a provider of specialty insurance solutions across multiple lines, has appointed Sophie Mansouri as UK Professional Indemnity (PI) Underwriting Manager, effective immediately. The promotion follows Arch’s strategic move to merge its London Market SME and UK Regional PI operations into a single, integrated […]
Skuld, a global marine insurer, reported a solid financial result of USD 21 million for the financial year ending 20 February 2025. Despite a more demanding claims environment, the company’s performance was underpinned by a significant rise in gross earned premium and strong investment income across multiple asset classes. Gross earned premium climbed to USD […]
