Brown & Brown’s adjusted profit rises on fee and commission growth
Insurance broker Brown & Brown posted a higher third-quarter adjusted profit on Monday, helped by stronger commissions and fees as demand continued to rise.
The Hartford’s quarterly profit jumps on strong premium growth
Property and casualty insurance firm The Hartford reported a 41% jump in third-quarter profit on Monday, driven by robust growth in insurance premiums.
Arch Capital’s third-quarter profit jumps on strong underwriting income
Arch Capital’s third-quarter profit rose 37% as strong underwriting softened the hit from elevated costs, the insurer said on Monday.
Canopius hires former Zurich exec for strategy, transformation role
Canopius Group announced Monday it appointed former Zurich North America executive Lisa Leftwich as U.S. regional head of strategy and transformation.
Statutory employer defense OK for general contractors: Pa. court
The Pennsylvania Supreme Court on Thursday explained that the statutory employer defense for general contractors who have not paid benefits to a subcontractor’s injured employee is not waivable in a decision overturning a Superior Court’s determination that a general contractor qualified for statutory employer immunity.
Law firm Clyde & Co hires 2 from Baker McKenzie
Law firm Clyde & Co said Monday it has hired former Baker McKenzie partners Jon Ebner and Ronald Ohren as partners in its Chicago office.
Insurer for last employer to expose worker to hazardous noise levels must pay claim
The Kentucky Supreme Court on Thursday ruled that the insurer for the last employer responsible for exposing a worker to hazardous levels of noise for a period of over a year was liable for the worker’s hearing loss claim.
Internet delivering job-search scams
One in four job seekers fell for hiring scams in 2025, with scammers most commonly impersonating Amazon, Google, FedEx, UPS, and Walmart, “using fake postings or recruiter messages to lure job seekers into sharing credentials or transferring funds,” according to PasswordManager.com, which helps with password security and internet safety.
Kentucky Supreme Court upholds denial of COVID-19 death claim
The Kentucky Supreme Court on Thursday affirmed the denial of benefits for a worker who died from COVID-19, finding his job didn’t increase his risk of contracting the disease.
Apple loses antitrust cases, faces up to $2B in damages
Apple Inc. has lost a London lawsuit accusing it of abusing its market dominance, entitling about 20 million iPhone and iPad users to damages valued at up to 1.5 billion British pounds ($2 billion), CNBC reports, citing Reuters. The court found that Apple’s charging developers a 30% commission on app store sales shut out competition […]
Global property insurance rates fall 8%
Global property insurance rates declined by 8% in the third quarter of 2025, according to U.S.-based Marsh & McLennan Companies Inc., Artemis reported. Softer reinsurance pricing and increased insurer competition are fueling rate reductions across all regions, with the Pacific recording the steepest drop at 14%.
Samsung Fire boosts Canopius stake in $580 million deal
South Korea-based Samsung Fire & Marine Insurance Company Ltd. has acquired an additional 21% stake in Canopius Group Ltd., a Lloyd’s of London insurer, for $580 million, The Asia Business Daily reported. The purchase raises Samsung Fire’s ownership to 40%, making it the second-largest shareholder.
Over-capitalized European reinsurers could pressure renewals
European reinsurers are entering the Jan. 1 renewal season with capital levels well above their targets, which could heighten pricing pressure across the market, according to JPMorgan Chase & Co., Reinsurance News reported. Germany-based Munich Re AG and Hannover Rueck SE, as well as Swiss Reinsurance Company Ltd., are materially over-capitalized, with Solvency II ratios […]
U.K. car output plunges after JLR cyberattack
Car production in the U.K. fell to its lowest September level since 1952 after a cyberattack halted Jaguar Land Rover Automotive plc’s operations, according to trade group Society of Motor Manufacturers and Traders, The Guardian reported. Output dropped 27% year on year to 51,100 units, with total production for the first nine months down 8%.
Moody’s lifts Germany P&C outlook to stable from negative
Moody’s Ratings has upgraded its outlook for Germany’s property and casualty insurance sector to stable from negative, citing stronger underwriting profitability and balanced market conditions, Reinsurance News reported. The agency expects the sector’s combined ratio to improve toward the mid-90s, driven by premium increases across key business lines and lower natural catastrophe losses in […]
Howden names Dalby CEO of consumer and local commercial arm
U.K.-based Howden Group Holdings Ltd. has appointed Mike Dalby as chief executive officer of its consumer and local commercial division, succeeding Kelly Ogley who is leaving the company after nine years, Reinsurance News reported. Dalby, who also leads Howden’s consumer life and health division, joins from France-based Axa SA subsidiary Axa Health Ltd., where he […]
Bosnian insurers post 8% premium growth
Insurance companies in Bosnia and Herzegovina recorded gross written premiums of 801 million Bosnia-Herzegovina marka ($475 million) in the first eight months of 2025, up nearly 8% year on year, according to the country’s insurance agency, SeeNews reported. Non-life premiums rose 8.5% to BAM658 million, while ASA Central Osiguranje DD posted the highest total […]
M&S drops Tata after costly cyberattack fallout
Marks & Spencer Group plc has ended its long-standing technology helpdesk contract with India-based Tata Consultancy Services Ltd., following a cyberattack that cost the U.K. retailer an estimated 300 million British pounds ($400 million), The Telegraph reported. Although Tata denied responsibility and said the breach occurred within Marks & Spencer’s own environment, the latter said […]
2025 Business Insurance Best Places to Work
Best Places to Work in Insurance is an annual feature presented by Business Insurance and Best Companies Group that ranks the agents, brokers, insurers and other providers with the highest levels of employee engagement and satisfaction.
Construction liability market on firmer ground
Rates stabilize ahead of expected boom tied to data center projects, but claims costs remain a threat