“We’re excited to partner with Fairway to bring enhanced insurance solutions to their customers. This collaboration reflects our commitment to supporting mortgage lenders and their customers with the tools, technology and access to insurance carriers they need to navigate today’s complex insurance marketplace. By integrating insurance into the homebuying process, we’re helping make homeownership more accessible and affordable,” said David Smith, president and executive operating officer of Mainstreet Insurance Solutions at The Baldwin Group.
Author: Awais
Mark Kaye, executive vice president and chief financial officer, will expand his remit to include oversight of Carelon, which houses Elevance’s healthcare services operations, including pharmacy benefit management, behavioural health, value‑based care and care‑delivery capabilities.
Criminal tactics are evolving beyond broken windows
Demand for specialized coverage Industry research shows the global market for insurance tailored to high-net-worth individuals continues to expand. Valued at about $106.6 billion in 2024, forecasts predict the HNW insurance market will grow steadily through the end of the decade as affluent households seek bespoke protection for property, luxury assets, and complex liability exposures. Custom coverage for fine art, high-value homes, cyber threats, and luxury vehicles increasingly drives demand as traditional policies fail to meet sophisticated needs. North America accounts for 38% and 42% of this market, with tailored advisory-led solutions gaining traction.
After-tax profit rose 36.2% to $651.8 million, with the group delivering a return on net tangible assets of 28.8%, up from 25.8%. Insurance premium written totaled $3,091.7 million, a 3.8% increase at constant exchange rates. The undiscounted combined ratio came in at 89.3%, compared with 85.3% the previous year.
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Swiss Re has reported strong profits and hitting its financial targets for 2025, as well as a relatively stable premium volume for the key January reinsurance renewals. Demonstrating the profitability of the reinsurance business the company will now return more capital to its shareholders, but is a second major player to opt for less retrocession for 2026.The reinsurance giant has reported net income of $2.8 billion and a combined ratio of 79.4% for its property and casualty reinsurance division (P&C Re), while Corporate Solutions delivered net income of $988 million and a combined ratio of 86.5%, and Life & Health…
The program, developed by Liberty’s Lending & Collateral Specialty Group, consolidates lender-placed insurance (LPI), real estate owned (REO) coverage, and collateral protection insurance (CPI) into a single framework. It also includes insurance tracking, compliance oversight, and claims administration.
According to court filings, on July 1, 2022, a worker employed by Perennial was injured when a steel door he was removing collapsed on him, allegedly causing injuries to his lumbar and cervical spine that required two spinal surgeries. The worker sued Gilbane and Highbridge, alleging negligence and violations of New York Labor Law sections 200, 240, and 241(6). Section 240, widely known as the Scaffold Law, imposes absolute liability on property owners and general contractors for gravity-related injuries at construction sites – making even a single incident a potentially high-exposure claim.
Catastrophe data aggregator PERILS has updated its estimate of insurance industry losses for the severe convective storms (SCS) that hit Queensland and New South Wales between November 21st to 27th 2025, lifting the total almost 11% to AU $2.95 billion.PERILS published its initial insurance industry loss estimate for these severe convective storms back in January, putting the total at AU $2.663 billion. With claims having continued to be filed, the total has risen considerably now, increasing roughly 11% to AU $2.95 billion for the second industry loss estimate. PERILS noted that its loss estimate is based on data gathered from…
According to the filing, Atlantic operated at more than 90 multi-disciplinary clinics primarily across Brooklyn, Queens, Bronx, and Manhattan – locations the insurers describe as “No Fault Clinic Mills.” Since June 2022, Atlantic allegedly examined more than 5,500 State Farm insureds and billed for services the insurers say were medically unnecessary, including examinations, trigger point injections, nerve blocks, topical prescription drugs, durable medical equipment and orthotics, and electrodiagnostic testing.
For the full year, Baldwin reported total revenue of $1.5 billion, an 8% increase, with organic revenue growth of 7%. The company recorded a full-year GAAP net loss of $54.2 million, or $0.50 per diluted share, while adjusted net income reached $198.9 million.
Swiss Re’s CEO Andreas Berger said the reinsurance company is focused on amplifying the core of its business to deepen its relevance, citing leverage from alternative capital, a need to reimagine the value-chain, the role of artificial intelligence and the importance of disciplined cycle management at this time.Speaking during a media call today after the global reinsurance giant reported its 2025 results, Andreas Berger discussed some of the priorities for the Swiss Re business in 2026. One of the first areas to be highlighted was the firm’s business unit that focuses on third-party reinsurance capital management and insurance-linked securities (ILS)…
A federal appeals court has overturned a judge’s finding that BNSF Railway contributed to the deaths of two people in a Montana mining town where thousands have been sickened by asbestos exposure. Following a civil trial, a jury in 2024 awarded $4 million each to the estates of the two people who died in 2020. Their families blamed the railroad for allowing asbestos-contaminated mining material to accumulate in a rail yard in downtown Libby, Montana. But the 9th U.S. Circuit Court of Appeals in an opinion issued Tuesday sided with BNSF, which argued it was required under law to accept…