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News
Waterdrop: Q2 Revenue Jumps 73% To $213.4 Million As AI Drives Insurance Growth
3+ day, 20+ hour ago (429+ words) Waterdrop reported second-quarter net operating revenue of RMB1.45 billion ($213.4 million), representing a 72.8% year-over-year increase as its insurance business expanded and the company deployed AI across sales, underwriting and other services. Insurance-related income increased 80.5% to RMB1.33 billion ($196.5 million), while operating profit increased 14.3% year…...
Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More
4+ day, 6+ hour ago (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...
Insurance moves: Verve, Coalition, Sedgwick
6+ day, 23+ hour ago (194+ words) By Camille Joyce Lisay Three appointments late last week point in different directions but share a common thread: each represents a deliberate expansion of capability rather than a straight replacement hire, whether that is new Lloyd's-backed underwriting capacity in financial…...
Insurance moves: Gallagher Bassett Australia, APRA, Moray & Agnew
1+ week, 3+ day ago (409+ words) Insurance Business Insurance moves: Gallagher Bassett Australia, APRA, Moray & Agnew Senior role changes expose the growing intersection between claims management, regulatory oversight, and insurance-related legal disputes Gallagher Bassett names Newland to sales and client services role Gallagher Bassett Australia has…...
Reinsurance buyers regain control ahead of 2027 renewals: Marsh Re
1+ week, 5+ day ago (684+ words) Cedents will enter the 2027 reinsurance renewals with ample capacity and greater freedom to choose between lower prices and rebuilding protections eroded during the hard market, according to Marsh Re. In a virtual briefing ahead of Monte Carlo Rendez-Vous de Septembre…...
CIC Insurance Profit Jumps 70 Percent on Heavy Investment Gains
1+ week, 5+ day ago (454+ words) CIC Insurance Group has reported a 70.3 percent increase in its half-year net profit to KES 1.09 billion, driven by massive investment returns. CIC Insurance Group has posted a 70.3 percent surge in its half-year net profit to KES 1.09 billion, driven by aggressive…...
Coversure opens Yeovil office as broker networks outpace FCA route
1+ week, 5+ day ago (432+ words) The share of brokers choosing to start their own operations rather than join established firms is growing. Jordan Maskell, network director at Coversure, said the majority of enquiries the network now receives come from people looking to launch, rather than…...
Aon Nears Roughly $17 Billion Deal to Acquire USI Insurance - ProgramBusiness | Where insurance industry clicks
1+ week, 6+ day ago (440+ words) Published on August 31, 2026 Aon is nearing an agreement to acquire USI Insurance from private equity firm KKR for roughly $17 billion, including debt, according to people familiar with the matter. The deal could be announced as soon as Monday, assuming it…...
Aon Nears $17 Billion Acquisition in Insurance Brokerage Push
2+ week, 13+ hour ago (598+ words) Aon is approaching an agreement to acquire insurance brokerage USI Insurance in a transaction valued at roughly $17 billion including debt, a move that would further expand the global broker’s presence among midsize corporate clients. The potential transaction could be announced…...
The insurance workforce gap is already costing carriers renewals
2+ week, 3+ day ago (474+ words) Retiring adjusters and thin talent pipelines are straining carrier teams just as policyholders expect faster, more accurate claims payments A car gets totalled on a Friday night. Saturday morning, the policyholder calls to ask when her claim payment will land....