Author: ixinda

Berkshire Hathaway has tapped Charlie Shamieh—current Chairman of Gen Re and a seasoned insurance executive—as its next head of insurance operations, succeeding Ajit Jain upon his retirement, according to a Wall Street Journal report cited by Reuters. The move marks a pivotal leadership transition for one of the world’s most influential insurance portfolios, coming just…

American International Group (AIG) reported a dramatic turnaround in underwriting profitability for the first quarter of 2026, with General Insurance underwriting income surging 220% year-over-year to $774 million. The robust results reflect significant improvements across all three core segments—North America Commercial, International Commercial, and Global Personal—as well as disciplined risk management, favorable reinsurance renewals, and…

State Farm paid a record $5.6 billion nationwide for hail-related insurance claims in 2025—up 12% from 2024—according to its latest annual hail claims report. Texas led all states with $1.4 billion in payouts, reflecting a 27% year-over-year surge and reinforcing its status as the nation’s most hail-impacted state. Missouri ranked second ($892 million), with payouts…

In a historic bilateral move, Japan has committed $550 billion in strategic investment into the United States—its largest-ever FDI pledge—sparking unprecedented demand across the U.S. property & casualty insurance market. Announced on July 22, 2025, the agreement targets four high-priority sectors: energy (including small modular reactors), AI-powered power generation, AI infrastructure (e.g., data centers), and…

Charter Gliman is a company of PSC Insurance Group Ltd which is an insurance brokers company listed on the Australian Securities Exchange. The company is devoted to deliver professional, high quality and value added service to customers with timely, responsive and appropriate solutions. Charter Gliman has a very solid customer base consisting of small and…