Marsh & McLennan (MMC), the parent of Marsh, announced full-year 2025 revenue of $26.2bn, with organic revenue growth of about 7%, supported by resilient market conditions and strong client engagement across its risk, strategy and people advisory units. Marsh’s brokerage arm benefited from disciplined underwriting markets and a favorable rate environment in property/casualty and specialty areas, which helped sustain premium flows. Operating margins remained robust, with MMC continuing to prioritize investment in analytics and digital services to differentiate its advisory offerings.
Author: Awais
For the full year, net income per share reached $25.68, up 13.1%, while core operating income per share rose 10.8% to $24.79. P&C net premiums written totaled $47.56 billion, up 5.4%, with underwriting income of $6.53 billion and a combined ratio of 85.7%.
New Jersey Governor Mikie Sherrill said she will be nominate Susan Ochs, a financial services and economic policy expert, as Commissioner of the Department of Banking and Insurance (DOBI). Ochs served as a senior advisor to the head of the Troubled Asset Relief Program (TARP) at the U.S. Department of the Treasury during the Obama Administration. She has also held roles in the Clinton Administration and at the Securities and Exchange Commission. As DOBI commissioner, Ochs will oversee the banking, insurance, real estate, and healthcare markets and the Get Covered NJ, the state healthcare exchange. “We need a leader who…
Catastrophe risk modelling specialists at Karen Clark & Company (KCC) have pegged private insurance industry losses from winter storm Fern in the US at $6.7 billion, with estimated losses the highest in Texas and Tennessee. Beginning on January 23rd, 2026, Winter storm Fern saw snow and ice hit more than 30 states, with daily minimum temperature records set in numerous locations, with records tied in several others. According to Karen Clark, the combination of a low-pressure system, Fern, and an Arctic air mass which dipped southward from Canada, saw many parts of the US hit with significant ice accumulations, with…
A federal judge on Tuesday rejected Elon Musk’s bid to dismiss a U.S. Securities and Exchange Commission lawsuit that claimed he waited too long to disclose his purchases of Twitter shares in 2022. U.S. District Judge Sparkle Sooknanan in Washington, D.C., said none of Musk’s arguments warranted a dismissal, including his claim that the SEC overreached in order to punish him for criticizing the agency. Lawyers for Musk did not immediately respond to requests for comment. An SEC spokesperson declined to comment. The SEC sued Musk in January 2025, saying his 11-day delay in revealing his initial 5% Twitter stake…
It’s probably too late for 2026 legislative session, but by this time next year, a newly formed Florida group hopes it will be well on its way toward a new set of laws that will help Florida become a powerhouse domicile for captive insurance companies. “The goal is to have 200 captives in Florida within five to 10 years—hopefully, five years,” said Andre Teixeira, chairman of the Florida Captive Insurance Association, which was formed only last summer. Ultimately, Florida corporations could save money by having some control over premiums with their own captives, which often face less-stringent surplus requirements. Or…
The American Property Casualty Insurance Association testified on Capitol Hill Jan. 3 in support of the Fix Our Forests Act. The legislation, led by Reps. Bruce Westerman, R-Ariz., and Scott Peters, D-Calif., was passed by the House following the January 2025 destructive wildfires in Los Angeles and then another version (S. 1462) was passed by a Senate committee last October. The bill prioritizes treatment of forests at the highest risk of wildfire and coordinates grant programs for community mitigation efforts. It also promotes research on wildfire resilience and land management, and supports the adoption of fire-resistant building methods, codes, and…
Andrea Baldrica Hub International Limited (HUB), headquartered in Chicago, Illinois, named Andrea Baldrica as chief sales officer of U.S. Employee Benefits. Baldrica will be responsible for driving HUB’s national employee benefits sales strategy and comprehensive growth across its employee benefits services. Baldrica has over 25 years of insurance industry experience. She has been with HUB since 2014, when HUB acquired Baldrica & Company, the Colorado Springs, Colorado-based brokerage. In her new role, Baldrica will manage the adoption of shared service capabilities, drive talent management, and establish best practices for sales execution across HUB. Ellen Sue Bernards HUB also hired Ellen…
Litigation activity varies by state, influencing casualty pricing at the local level. Texas recorded more than two million new civil cases in 2024, the highest among US states, followed by Florida, California, New York, and New Jersey. Most casualty cases are resolved in state courts, contributing to uneven rate conditions across regions.
XL Specialty Insurance Company filed a suit on January 30, 2026, asking a federal judge to void its commercial dealer policy with Ideal Stamp Company and Inter Governmental Philatelic Corp., which does business as Imperial Mint. The case, now pending in the Eastern District of New York, puts a spotlight on what the insurer describes as a stark mismatch between what was disclosed at underwriting and what was later claimed after a loss.
January 20, 2025Presidential Executive Orders precipitate removal of some HHS websites and health data. – In the first days of his second term President Trump issued a number of Executive Orders (EOs), including EOs that revoked many Biden administration orders and programs, and instituted new federal guidance related to “gender ideology,” “diversity, equity, and inclusion (DEI),” and “merit-based opportunities.” These EOs have implications for public health, particularly related to the collection and presentation of data and websites by the federal government. For example, in response to the EOs, HHS began to remove thousands of websites and numerous federal databases with…
Slide Insurance Company is back in the catastrophe bond market with an initial target to secure $250 million of collateralized named storm reinsurance through a Purple Re Ltd. (Series 2026-1) issuance, that seeks protection across a greater number of states than any of its previous cat bond deals, Artemis can report.Bruce Lucas founded, tech-enabled property insurance firm Slide Insurance Company has been sponsoring catastrophe bonds since 2023, with this now set to become the fifth in the Purple Re series of deals. With already $660 million of catastrophe bond backed protection, Slide continues to deepen the participation of capital markets…
Blake Farmer, Nashville Public Radio and Cara Anthony and Emily Siner, Nashville Public Radio LISTEN: If you’re newly pregnant and not able to afford health insurance, you may qualify for Medicaid. Reporters Cara Anthony and Blake Farmer — hosts of the new series “HealthQ” — explain that every state has a program to provide coverage for pregnant people. When she noticed an unusual craving for hot dogs, Matte’a Brooks suspected her body was telling her something, so she decided to take a pregnancy test. She took two just to be sure. Both were positive. “I was definitely scared,” said Brooks,…
Listen to the article 3 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Humana is launching an artificial intelligence tool that aims to help its call center workers answer beneficiaries’ questions about their coverage, the insurer said Tuesday. Agent Assist, developed in partnership with Google Cloud, can summarize conversations between workers and enrollees in real time while highlighting relevant information, like the member’s benefit and eligibility details and important context from the call, Chris Sakalosky, vice president of strategic industries at Google Cloud, said via email. The insurer began rolling out Agent Assist…