Ryan Specialty posts net loss despite revenue growth

The reinsurance segment, comprising 34% of the company’s gross written premiums, reported a 43.7% increase in gross written premiums to US$70.0 million, from US$48.7 million a year earlier. Net premiums earned increased to US$24.9 million from US$16.8 million. Underwriting income rose to US$10.4 million, compared to US$6.8 million in the first quarter of 2024. The…

The council includes representatives from the insurance industry, regulatory agencies, consumer advocacy groups, environmental and climate science, construction, academia, and emergency management. Its latest progress report details the formation of three subgroups, each tasked with developing a specific component of the overall strategy. Source link

Industry veterans take on new roles amid shifting market needs Source link

A key part of the underwriting process—and a major factor in determining property eligibility and pricing—is a community’s ISO Public Protection Class (PPC). The PPC program, developed by ISO, evaluates a community’s fire protection capabilities, including emergency communications, fire department readiness, water supply, and community risk reduction efforts. Source link

According to the report, by 2050, the global dependency ratio, or the number of seniors per 100 working-age adults, is expected to increase from 16% in 2024 to 26%. This demographic shift will influence consumer behavior, particularly in terms of spending patterns. Source link

Meanwhile, Ardonagh’s 2024 Sustainability Report outlined progress on environmental, social and governance (ESG) initiatives, including over $7 million raised by its registered charity, ACT, and key milestones in its community grant and colleague match-funding programmes. Source link