Marsh McLennan Reports Q2 Organic Revenue Growth of 4%, Down From Q2 2024 July 17, 2025 By L.S. Howard Marsh McLennan reported consolidated revenue during the second quarter of 2025 of $7.0 billion, an increase of 12% from $6.2...
Travelers Q2 Net Income Soars on Less Losses, Favorable Reserves July 17, 2025 By Chad Hemenway The Travelers Cos. increased second quarter net income $975 million for a total of about $1.5 billion, and reversed an...
Insurance Supervisors’ Group Seeks Collaboration to Cover Disaster Losses July 17, 2025 By Erica Yokoyama Collaboration between the public and private sectors, beyond just insurance, is essential to narrowing the so-called protection gap, as losses...
Trump Administration Sued by States for Cutting Disaster Prevention Grants July 17, 2025 By Daniel Wiessner A group of 20 mostly Democrat-led U.S. states filed a lawsuit on Wednesday seeking to block the Trump administration from...
Meta Investors, Zuckerberg Reach Settlement to End $8B Privacy Litigation Trial July 17, 2025 By Tom Hals Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8...
PE Firm Warburg Pincus Acquires Majority Stake in Keystone Agency Partners July 17, 2025 Insurance broker and agency network Keystone Agency Partners (Keystone), announced that the private equity firm Warburg Pincus will acquire a...
Progressive Q2 Income More Than Doubles July 16, 2025 Second quarter net income at Progressive Corp. increased 118% compared to the same period a year ago to about $3.2...
The Hartford Promotes Chhabra to Chief Risk Officer July 16, 2025 The Hartford said it is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the...
Former Lloyd’s CEO Neal to Lead General Insurance as President at AIG July 16, 2025 By Chad Hemenway American International Group (AIG) said today that former Lloyd’s CEO John Neal is joining as president, effective December 1. Neal,...
First-Half 2025 Insured Losses From Natural Cats Hit $100B, Driven by US Events July 16, 2025 By L.S. Howard Global insured losses during the first half of this year were at least $100 billion with more than 90% of...