Industry News
Executives on the Move at Everest, MS Amlin and Aspen
Everest Group Ltd., the Bermuda-based property, casualty and specialty re/insurer, announced the promotion of Jill Beggs to executive vice president and chief executive officer of Reinsurance, ...
Global Commercial Insurance Rates Drop 4% but Casualty Rates Are Rising: Marsh
Global commercial insurance rates fell 4%, on average, in the second quarter of 2025 following a 3% decline in Q1 2025, according to the latest Global Insurance Market Index released by Marsh, the ...
Chubb Q2 Net Income Jumps 33% on Premium Growth, Underwriting
Chubb followed up a challenging first quarter due to the California wildfires with second-quarter net income of nearly $3 billion, up about 33 percent compared to the same quarter a year ago. ...
All Good Things Come to an End: U.S. P/C Insurance Premium Forecast Dips
From the perspective of insurance carriers, a four-year trend of superior growth is taking an unfavorable turn, giving way to more moderate levels of increase, according to a recently released ...
QBE North America Introduces AI-Focused Cyber Coverages
QBE North America announced its launch of artificial intelligence focused cyber insurance coverages for AI regulatory compliance and LLMjacking. "AI brings incredible opportunities for businesses as ...
‘We’ll Have to See How This Plays Out,’ Says CEO Berkley on MGA Competitors
The leader of W.R. Berkley Corp. has seen it before—some version of the MGA movie in which delegated underwriting authority is given to market participants whose ambitions aren't always aligned ...
Excessive Litigation Causes Surge in Liability Insurance Costs: Marsh McLennan CEO
Excessive litigation and abuse of the U.S. legal system are effectively imposing a tax on the U.S. economy and causing a surge in liability insurance costs, according to John Doyle, president and ...
Why Progressive’s Customer Scores Lag State Farm, GEICO: J.D. Power
When it comes to personal auto insurance, Progressive has been outpacing GEICO and State Farm in terms of growth and posting better loss ratios for years. But customer satisfaction scores are another ...