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Hiscox sees steady Q1 performance as wildfire losses remain unchanged
Hiscox London Market reported ICWP of US$329.7 million, a 4.0% increase from US$316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…
Westfield launches inland flood cover for homeowners outside high-risk areas
In parallel with the product launch, Westfield announced a $750,000 donation to the Center for Disaster Philanthropy (CDP) to support flood recovery and mitigation efforts. The contribution includes $500,000 for national recovery initiatives and $250,000 directed to CDP’s Atlantic Hurricane Season Fund, which addresses flood-related needs during hurricane season. Source link
Hippo grows revenue but faces wildfire impact in Q1
Improved premium retention contrasts with high catastrophe burden Source link
How education policy shifts are redrawing insurance priorities
As federal oversight pulls back, school districts are taking insurance into their own hands Source link
Michelle Aliperti joins AXA XL to boost SME cyber insurance capabilities
Move builds on efforts to meet rising digital risk needs Source link
Driving change: How America’s auto insurance giants are rerouting for the future
Insurance Business’ latest Competitor Analysis – Private Passenger Auto Insurance offers a rare and behind-the-headlines view of how these five behemoths are navigating the post-pandemic auto insurance landscape, one defined by margin compression, loss volatility, and digital acceleration. The report dissects the real-time consequences of strategy, structure, and speed by drawing on insights from leading…