Sophia Langley

Global insurance broker Arthur J. Gallagher & Co. has reported strong growth for the third quarter ending September 30, 2025. The company’s revenue jumped 20% to $3.33 billion, up from $2.76 billion during the same period last year. Despite this boost, net earnings fell to $273.6 million, down from $314.1 million in 2024. On the … Read more

A Hawai‘i appeals court has given new life to Tiki’s Grill & Bar’s legal battle over its business interruption insurance claim related to the COVID-19 pandemic. On October 29, the state’s Intermediate Court of Appeals overturned a previous ruling that had favored the insurer, DTRIC Insurance Company, and sent the case back for more review. … Read more

Global property insurance rates have dropped again, as 2025 turns out to be a much calmer year for natural disaster claims than expected. Despite early worries after the devastating Palisades Fire in Los Angeles and the damage from Hurricane Melissa in Jamaica, insurers are seeing less pressure on premiums thanks to fewer catastrophic events overall. … Read more

Rich Hartman has spent his career working in construction insurance, and he knows well how varied and challenging the job can be. From large design firms to state agencies and major contractors, he deals with different clients every day. As the senior vice president and construction professional liability broking leader at NFP, Hartman has found … Read more

At this week’s Geneva Association Climate Change and Environment Conference, Swiss Re CEO Andreas Berger called on the insurance and finance industries to rethink how they handle climate risks. Speaking to a global audience of policymakers and industry leaders, Berger emphasized the need to shift from simply transferring risk to actively reducing and managing it. … Read more

Aquarian Holdings is close to finalizing a $4 billion deal to buy Brighthouse Financial, the U.S. life insurer that was spun off from MetLife. This move highlights the growing role of private capital in the insurance industry. People familiar with the discussions say Aquarian, which is backed by Mubadala Capital from Abu Dhabi, plans to … Read more

Global property insurance rates are falling again as natural disaster losses ease, marking a shift after years of tough times for the industry. According to the latest Marsh Global Insurance Market Index, average property premiums worldwide dropped by 8% in the third quarter of 2025. The Pacific region saw the biggest drop, with rates falling … Read more

The reinsurance industry is no longer dealing with just one pricing cycle but several happening at the same time across different sectors and regions. Nate Bunck, Swiss Re’s senior vice president and head of regional 4, explained that property, casualty, and regional markets are all moving differently right now. For example, what’s happening in the … Read more

Steadfast Group’s CEO, Robert Kelly, has stepped aside temporarily as the company investigates a workplace complaint against him. The announcement came just ahead of the firm’s Annual General Meeting, where leaders are expected to address shareholders about the situation. The firm, which is a major Australasian brokerage expanding in the US, stated that Kelly will … Read more

HSBC has set aside $1.1 billion to cover legal risks from the Bernard Madoff scandal, shining a light on how long financial liabilities can last and be hard to measure. This move came as Luxembourg’s top court rejected HSBC’s appeal regarding its role as custodian of funds linked to Madoff Securities. This sizable charge lowered … Read more