Record underwriting profit for China property insurers, with reinsurance cessions above $13.97bn

Published on September 26, 2025
At the China Property Reinsurance Market Seminar on September 18, it was disclosed that China's property insurance industry recorded its highest-ever underwriting profit in the first half of 2025,
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US P&C insurers post record $89bn investment income in 2024: AM Best

September 25, 2025
The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best.The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings.AM Best noted that the Federal Reserve’s 425 basis point rate

Chris Newman named CEO of ACORD Solutions Group

September 26, 2025
Chris Newman has been appointed to lead ACORD Solutions Group (ASG), a provider of digital solutions for the insurance sector, as Chief Executive Officer (CEO).ASG was established in 2016 as a strategic extension of ACORD, a nonprofit organisation that develops standards for the insurance industry. Its purpose is to deliver next-generation digital solutions that help members address critical techn