New CEO takes helm as Smart Choice expands

[ad_1] “We are not very good in terms of being the fastest or the first mover,” Jain said, adding that Berkshire prefers to “wait and see until the opportunity crystallises.” His remarks suggest that the conglomerate, which is currently navigating profit pressure and a major leadership transition, is unlikely to make large-scale AI bets any…

[ad_1] Insurance revenue rose 11% to €48.1 billion, while operating profit (EBIT) increased to €4.9 billion from €3.1 billion in the previous year. Net income grew by 25% to €1.98 billion, exceeding the company’s original 2025 target ahead of schedule. Return on equity reached 17.9%, up from 16.6% in the year prior. [ad_2] Source link

[ad_1] On April 24, 2025, the Alabama Legislature formally adopted House Joint Resolution 220 (HJR220), emphasizing the critical need to address the growing instability and affordability challenges in commercial property insurance along Alabama’s coastal regions. Initially introduced on April 8, 2025, the resolution acknowledges the significant economic impact of coastal areas, including over $10 billion…

[ad_1] 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…

[ad_1] Forget legacy systems – Timothy Horton is betting on a new method to transform underwriting from the ground up [ad_2] Source link

[ad_1] Ferguson, who will remain president, takes over from Ty Petway, who is retiring after more than 30 years with the firm. The transition follows Ryan Specialty’s acquisition of US Assure in 2024, a move that expanded its program administration capabilities. [ad_2] Source link