Premiums, fees, and other revenues increased 14% to $13.6 billion, reflecting higher underwriting margins, growth in volume, and stronger variable investment income. These gains were partly offset by unfavorable foreign currency movements and lower recurring interest margins.
Industry and market outlook The leadership transition comes as Argo adapts to shifting industry dynamics, including regulatory changes, rising litigation costs, and evolving risks in the specialty insurance sector. With Donahue at the helm, the company is expected to continue refining its underwriting approach while seeking growth opportunities in niche markets. Source link
Speaking on a first-quarter earnings call, Greenberg said the federal government should align its trade, economic, and fiscal priorities. He expressed hope that future trade agreements would ease or remove tariffs, which he said have affected the country’s international standing and increased the risk of an economic downturn. Source link
Mark Miller, CIO at Crash Champions, joined the company in 2022 and has over 30 years of experience in digital technology. Before his role at Crash Champions, Miller served as CTO at a national collision repair organization and Party City. Meanwhile, Pete Tagliapietra, managing director at DataTouch LLC, is a former CIECA board member with…
But it’s not just a matter of replacing warm bodies. The new talent needed – underwriters, data analysts, risk managers – must be as digitally fluent as they are technically trained. As insurers adopt AI, predictive modeling, and automation tools to stay competitive, the bar for new hires has risen. Source link
Advancements in vehicle technology, including the integration of Advanced Driver Assistance Systems (ADAS), have influenced collision claim frequencies and severities. While ADAS features aim to reduce accidents, the complexity and cost of repairing these systems can lead to higher claim costs when collisions occur. Source link
