EMEA re/insurer ratings show improvement in 2025, AM Best report finds
Ratings of insurers and reinsurers across Europe, the Middle East, and Africa (EMEA) showed improvement in 2025, according to a new report from AM Best, a credit rating agency specialising in the insurance sector. The findings are presented in the…
Legacy specialist Xitus selects INTX as core insurance operating system
Xitus, a legacy specialist providing discontinued insurance solutions through acquisition and loss portfolio transfers, has chosen INTX Insurance Software, a complete Insurance Operating System for specialty P&C insurers, MGAs, reinsurers and captives, as its core insurance operating system to support…
Willis Re welcomes Rikki Hornett to its leadership team
Willis Re, a re/insurance advisory and broking firm and part of WTW, has announced the appointment of Rikki Hornett to its team, bringing more than 40 years of industry experience, including over 25 years working in the Bermuda market. During…
Travelers to enhance customer experience with new Agentic AI Claim Assistant
The Travelers Companies, Inc. has announced the launch of its AI Claim Assistant, a new solution developed using OpenAI model capabilities and APIs. Described as an industry-leading solution, this fully agentic intelligent voice service uses advanced language and speech recognition…
Zurich’s Asia Pacific business posts gross premiums of $7.5bn and record BOP in 2025
Zurich Insurance Group (Zurich) has reported its full-year 2025 performance in Asia Pacific, posting gross premiums of $7.5 billion and a record overall business operating profit (BOP) of $633 million, up 8% year over year. The global multi-line insurer said…
Newly launched Pinion hires Fortegra’s Kyle Selvig as US CUO
Pinion Insurance, a newly formed specialty insurance carrier, has announced the appointment of Kyle Selvig as US Chief Underwriting Officer (CUO), effective immediately. In this commercial role, Selvig will be responsible for building Pinion’s US Managing General Agent (MGA) network,…
Lemonade reports 28% net loss improvement and 53% revenue growth for Q4’25
Lemonade, an AI-powered digital insurance company, has announced its fourth quarter of 2025 financial results, reporting a net loss of $21.7 million, a 28% improvement compared to the $30.0 million loss seen in the same period last year. Highlighting a…
SageSure and SURE close record-breaking $670m cat bond
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed property in the US, and SureChoice Underwriters Reciprocal Exchange (SURE), a member-owned reciprocal exchange, have successfully closed the Gateway Re Ltd. Series 2026-1 catastrophe bond. The transaction closed at an original…
Allstate estimates $175m January 2026 winter storm losses
The Allstate Corporation, a US-based insurance and financial services provider, has announced preliminary catastrophe losses of approximately $175 million for January 2026, equivalent to $138 million after tax, primarily attributed to Winter Storm Fern. This compares with substantially higher catastrophe…
Donegal Group’s net income climbs 56% as CoR improves in 2025
Donegal Group Inc., a US insurance holding company, has reported a net income of $79.3 million for full year 2025, up 56% compared to $50.9 million in 2024, alongside an improved combined ratio of 95.4% versus 98.6%. For the year,…