Analysts at Fitch Ratings have warned that US property and casualty (P&C) insurers face the potential for large incurred losses and future reserve deficiencies.

Florida-domiciled and expansive primary insurance company, Universal Insurance Holdings, has reported a 4.7% increase in direct premiums written for the first quarter of 2025, at $467.1 million from $446.1 million a year earlier, driven by 34.7% growth in other states, slightly offset by a 3% decrease in Florida.

North American digital managing general agent (MGA), Foxquilt has entered into a strategic and long-term capacity relationship with global specialty insurance provider, Markel, which is set to spearhead embedded insurance innovation for more small business owners, agents/brokers, and enterprise partners across North America.

Tata Consultancy Services (TCS) has expanded its Aviva partnership with a new 15-year agreement to transform the insurer’s UK Life business and enhance customer experience leveraging the TCS BaNCSTM based platform.

Legal & General Assurance Society Limited has completed a £21 million full-scheme buy-in with Barnett & Hall Holdings Pension Scheme.

Zurich Resilience Solutions (ZRS), the commercial risk advisory and services unit of global insurer Zurich Insurance Group, has launched Climate Spotlight, an interactive digital solution leveraging climate data to provide businesses, municipalities, and public entities with insights to better anticipate, mitigate, and manage their climate risks while enhancing resilience.

Global specialty insurer and reinsurer SiriusPoint has agreed to sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group for $250 million, while continuing its capacity partnership with Armada until the end of 2030.

Kin Insurance has announced that Kin Interinsurance network, its reciprocal insurance carrier, has finalised its reinsurance program for the period of June 1, 2022 through May 31, 2023.