Insurance brokerage firm, Brown & Brown has posted their results for the first quarter of 2024, which included net income of $293 million, increasing $57 million from the prior year period. Revenues for Q124 under US generally accepted accounting principles (GAAP) were $1,258 million, representing an increase of $142 million, or 12.7%, compared to the first quarter of the prior year, with commissions and fees increasing by 11.6% and Organic Revenue increasing by 8.6%, respectively. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Mu ..read more

Property and casualty re/insurer W. R. Berkley Corporation has reported a Q1 2024 combined ratio of 88.8%, including current accident year catastrophe losses of $30.5 million, leading to a 31.8% rise in pre-tax underwriting income to $309 million. The insurer’s gross premiums written (GWP) were $3.4 billion for Q1 2024, compared to the prior year quarter’s $3.05 billion. The company has also reported a record for net premiums written, which grew 10.7% year-on-year to $2.9 billion. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multipl ..read more

Cayman Islands-based reinsurer Topsail Re has hired Ginny Inscore as a Reinsurance Accountant. Overall, she brings 18 years of industry expertise working in the reinsurance field as an Assistant Vice President at WillisRe Inc., towards her new role. During her time at Willis Re, she worked in both accounting and claims, as well as the company’s finance department where she mostly oversaw the movement of cash. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

At the IIF 2024 – ESG in Insurance Conference, Petra Hielkema, Chairperson of the European Insurance and Occupational Pensions Authority, emphasises insurers’ pivotal role in combating climate change by educating society, factoring in risks, investing wisely, and promoting resilient behaviours among consumers. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

Hymans Robertson has revealed that the total value of buy-in and buy-out deals completed in the second half of 2023 was just under £28 billion, which means that the total for the year to 31 December 2023 was £49.1 billion, setting an all-time high for both the number and the value of transactions. In H223, more than 60% of the bulk annuity market by value resulted from seven deals in excess of £1 billion. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

With natural disasters being on the rise across developing states in Asia, the implementation of parametric insurance and reinsurance appears to be a natural fit for the region, according to Tom Johansmeyer, Global Head of Index Classes, Inver Re.A recent whitepaper authored by Johansmeyer explains that while traditional insurance usually requires historical data around penetration, premium spend and losses, parametric re/insurance however, does not have to deal with these constraints. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Mu ..read more

The April storms that struck the United Arab Emirates, Oman, Saudi Arabia and other Gulf Cooperation Council (GCC) countries are expected to “push up” local insurers’ claims and reinsurance costs, say’s Moody’s. Analysts noted that smaller insurers with more marginal profitability will be most impacted. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

Global insurer Chubb has announced its acquisition of Healthy Paws, a managing general agent (MGA) specialising in pet insurance, from insurance and reinsurance broker Aon. Chubb has been the exclusive underwriter of the Healthy Paws pet insurance program for Aon since 2013, establishing a longstanding relationship between the two companies. This history ensures a seamless transition for employees, customers, and other business partners, positioning the combined entity for accelerated growth. This byline is for a different person with the same name. This byline is mine, but I want my name remo ..read more

Zurich North America, the commercial property and casualty insurer, has appointed Kara Higginbotham as the Head of Professional Liability and Cyber for U.S. National Accounts. Higginbotham will report to Brian Zink, the Head of Financial Lines, U.S. National Accounts. She will also continue leading the Corporate Accounts team until her successor is named. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more

AXIS Capital, a global specialty underwriter and provider of insurance and reinsurance solutions, is expanding its suite ofspecialty insurance solutions in North America by launching a Canadian Environmental Impairment Liability (EIL) insurance unit, set to be led by Ludwig Nagata. Nagata, has joined AXIS as Assistant Vice President, Environmental, Canada. In his new role, he will be based in Toronto with a national focus. This byline is for a different person with the same name. This byline is mine, but I want my name removed. Multiple byline problems on this page ..read more