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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…...
Tax benefit boosts Coralisle profits
3+ day, 19+ hour ago (548+ words) Coralisle Group recorded a 38 per cent increase in earnings last year and sold its minority stake in a Trinidadian-based insurer for $11.6 million, the company’s financial statements for 2025 reveal. Net income was $94.7 million in 2025, said Coralisle, up 38 per cent from $68.6 million…...
The 30-day renewal is dead — why brokers are starting earlier than ever
4+ day, 20+ hour ago (721+ words) Some commercial insurance brokers are beginning renewal discussions as much as five months before expiry as persistent casualty pressures raise the stakes around submission quality and carrier engagement. The extended timeline reflects an increasingly divided market. Average US commercial insurance…...
P&C industry's best half in years hides a casualty problem
5+ day, 22+ hour ago (267+ words) The US property and casualty industry nearly tripled its net underwriting income in the first half of 2026. The result reflects a market where property and casualty lines are moving in sharply different directions. Net underwriting income reached $31.2 billion in the…...
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…...
Martin Rebrands as Insurers Face Pressure to Speed Launches
1+ week, 12+ hour ago (242+ words) NEWTOWN SQUARE, PA — Martin & Company has rebranded as Martin as the Pennsylvania insurance-services firm prepares to expand its technology offerings amid pressure on carriers and managing general agents to bring insurance products to market faster. The company, founded in 1993, provides…...
Underwriters keep arriving after the risk has already been decided
1+ week, 3+ day ago (718+ words) By the time insurers are asked to cover a major infrastructure project, many of the decisions determining how difficult or expensive it will be to insure may already have been made. The Association of British Insurers (ABI) wants government to…...
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…...
Slipcase – risk & re/insurance industry news
1+ week, 5+ day ago (1664+ words) Today, Guy Carpenter joins the likes of Benfield and TigerRisk as initially independent reinsurance brokers whose names were replaced with their parent company’s branding in recent years. Guy Carpenter’s eponym, born in 1869, managed the Cotton Insurance Association, a pool of…...
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…...