Ambac Financial Group, Inc., an insurance holding company, has reported a 27% growth in total revenue from continuing property and casualty (P&C) operations for the first quarter of 2025 to $63 million, alongside total P&C premium production of $318 million, a 70% increase year-on-year.

Specialist re/insurance broker Miller had previously explained that differentiation had become more achievable which remained the case through the 20th February P&I reinsurance renewals, particularly for accounts that have shown better performance and long-term profitability for the market.

The Board of the Texas Windstorm Insurance Association (TWIA) recently voted in favour of the Actuarial and Underwriting Committee’s recommendation to set the 1-in-100 year PML for the 2024 storm season at $6.5 billion.

Pan-American Life Insurance Group (PALIG), a provider of life, accident and health insurance, has completed the acquisition and merger of Encova Life Insurance Company (Encova Life).

AM Best has revised the outlooks to positive from stable of Ocean Re, a Barbados-based reinsurer, a move that recognizes its disciplined underwriting.

AM Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of IQUW Re Bermuda Limited (IQUW Re) (Bermuda) under review with positive implications.

According to a recent survey by the Lloyd’s Market Association (LMA), the full potential of artificial intelligence (AI) and machine learning (ML) in actuarial and risk management remains untapped, with significant progress still needed in their adoption and utilisation.

BlackFin Capital Partners has announced a second closing of its Tech 2 fund dedicated to European fintechs and insurtechs to the tune of €350 million.