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US-based Mercury Insurance has made an investment in BurnBot to back wildfire mitigation and support insurance affordability and availability in wildfire-prone areas, particularly in California.
The insurer, which was established in 1962, said the investment is part of a wider strategy to reduce wildfire risk, strengthen community resilience and support long-term in...
Inszone Insurance Services has expanded its US footprint with the purchase of Smith & Company Insurance, an Arkansas agency.
Financial terms of the deal remain undisclosed.
Smith & Company’s history goes back to 1904. The Smith family bought the business in 1971 and remained involved in its development over the ...
Insurance Australia Group (IAG) has announced a revamped Ambition 2030 strategy, aiming to serve more than 11 million customers and exceed A$25bn in gross written premium (GWP) by 2030.
At its Investor Day event in Sydney, the insurer also set out targets of more than 15% return on equity, high singl...
Munich Re posted a 56.7% increase in its net result for the first quarter of 2026 (Q1 2026), supported by significantly lower major-loss expenditure in its reinsurance and global specialty insurance operations.
The German reinsurer reported a net result of €1.71bn for the quarter.
Operating profit rose to €2.23bn from €1.46bn a year earlier, while the tota...
Hannover Re has posted group net income of €710.6m for the first quarter of 2026 (Q1 2026), up 47.9% from €480.5m in the same period a year earlier, despite what the company referred to as “market headwinds”.
Earnings per share were €5.89, up from €3.98.
Gross reinsurance revenue at group level came to €6.5bn at the end of March versus €7bn a year earlier,...