All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
MS&AD reportedly plans $5bn investment to boost North American growth
The company expects North American net profits, including Canada and Mexico, to soar 3.5-times to Y166bn ($1.18bn) for the fiscal year ending March 2025.
Digital insurer Roamly opens headquarters in Fort Lauderdale, Florida
Roamly has formed partnerships with several national insurance carriers including Ahoy! Insurance and American Modern.
Applied Underwriters spins off United Risk as stand-alone entity
Set up in 2023, United Risk offers a global P&C underwriting platform that includes 28 MGA and MGU programmes.
W.R. Berkley Corporation profit dips to $417.6m in Q1 2025
The company’s operating income for the quarter was $404.7m, down from $423.3m in Q1 2024.
Insurtech company Guidewire to invest $60m in Japanese operations
The initiative is said to help insurers achieve profitable growth, business and IT agility, and regulatory compliance.
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Ryan Specialty enters deal to buy USQRisk assets
The acquisition will incorporate USQ into Ryan Specialty’s alternative risk business.
Oman launches national health insurance platform
The platform, Dhamani, is now connected to 33 private hospitals and three healthcare complexes.
Capital Farm Credit buys two Texas crop insurance agencies
The two acquired agencies, Bennett and Taylor, are independent insurance agencies that were previously headquartered near Lubbock, Texas.
Ardonagh Netherlands hires new CEO
Wim Hekstra will oversee the company’s growth strategy, with a focus on corporate, SME, and high-net-worth brokerage sectors.
Marsh McLennan reports slight decrease in Q1 earnings to $1.38bn
Operating income for the quarter stood at $2bn, up from $1.9bn in the same quarter of the previous year.