Industry News
Secondary Perils Responsible for Virtually All 2025 Nat-Cat Insured Losses in North America: Swiss Re
Wildfires and severe convective storms dominated North America's natural catastrophe losses last year, according to a recent report from Swiss Re Institute. In the absence of a major U.S. hurricane ...
Executives on the Move at Chubb and Kemper Corporation
Chubb Limited announced key executive appointments to its global reinsurance business, Chubb Tempest Re. James Wixtead, who is currently senior vice president, Chubb Group, and president, Chubb ...
Liberty Mutual Introduces Its Newest Brand Character: Liberty Biberty
Liberty Mutual Insurance has introduced its first new brand character in eight years: Liberty Biberty, the embodiment of the warm, fuzzy feeling you get when you have great coverage at a great ...
Profitable 2025 Masks Challenges for Global Insurers, Says Bain & Company
Global insurance companies had a strong 2025 with improved profitability and premium growth but new research from Bain & Company warns insurers to "enjoy it while you can." "Insurers should enjoy ...
Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves
Second-quarter 2026 net income at Travelers increased 46% to about $2.2 billion on lower catastrophe losses and favorable prior year reserve development. Catastrophe losses for the quarter, mostly ...
UK Steps Closer to Creating ‘Internationally Competitive’ Captive Market
The UK has lagged behind many of its insurance market competitors in that it does not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish ...
Executives on the Move at SiriusPoint, Canopius Group, Badger Mutual
SiriusPoint Ltd. announced the appointment of Emily Yoo to the newly created role of chief operating officer, effective August 10, 2026. Yoo, who will be based in New York, will join SiriusPoint's ...
Leadership Change at Vantage: Former Arch Execs Grandisson, Gansberg to be Chair, CEO
Just over a month after Howard Hughes Holdings (HHH) completed its acquisition of Vantage Group Holdings, HHH has announced a leadership transition. Effective immediately, Marc Grandisson, the former ...