“We are not very good in terms of being the fastest or the first mover,” Jain said, adding that Berkshire prefers to “wait and see until the opportunity crystallises.” His remarks suggest that the conglomerate, which is currently navigating profit pressure and a major leadership transition, is unlikely to make large-scale AI bets any time soon.
Gallagher commented on current conditions in the global property and casualty insurance market, noting a continued divergence between property and casualty premium trends. According to the company, commercial property renewal premiums declined 2%, while casualty increased 8% during the first quarter of 2025. Exposure changes, including mid-term endorsements, remained positive. The company also reported no significant impact on customer activity due to tariffs or geopolitical developments.
The increase, the company said, was mainly due to “expected higher stop loss medical costs” and the lingering impact of Medicare Advantage operations that Cigna has since divested. The sale of its Medicare businesses to Health Care Service Corporation (HCSC), parent of several Blue Cross and Blue Shield plans, closed in late March. That transaction included Medicare Advantage, Medicare Part D, supplemental benefits and CareAllies, a medical services administration business.
“A huge congratulations to our new partners. It has been a privilege witnessing their growth and progression over the years. At Kennedys, our people are our greatest competitive advantage, and [the] promotions underscore the breadth and depth of our talent. As they begin their new roles, they will each play an instrumental part in further strengthening our global reach, enhancing the value we deliver to clients, and shaping the path forward as we continue to navigate the evolving demands of business,” she said.
As well as coverage, regulatory compliance is essential for drone users.
Speaking on regulation, Jackson said: “We would suggest ensuring that clients comply with the regulations set by aviation authorities such as the Civil Aviation Authority (CAA) in the UK, the Federal Aviation Administration (FAA) in the US, or other relevant bodies. These regulations cover aspects such as drone registration, pilot certification, operational limitations, and safety requirements.”
Jackson also warned that clients should be strongly advised to take up essential coverage:
“Many jurisdictions mandate specific insurance coverage for drone operations. For example, in the UK, drone insurance must comply with EC 785/2004, which sets out requirements for third-party liability insurance for aircraft, including drones.”
The appointments underscore TMHCC’s broader ambition to grow its specialty lines presence across international markets. Headquartered in Houston, Texas, TMHCC is part of the Tokio Marine Group — a global insurer established in 1879 and listed with a market capitalisation of $70 billion as of December 2024. TMHCC operates across the US, UK, continental Europe and Mexico, with strong financial backing. Its insurance entities hold high-grade ratings including ‘A++’ from AM Best, ‘A+’ from S&P Global Ratings and ‘AA-’ from Fitch.
The ransomware-style attack, suspected to be the work of the Scattered Spider group, appears to have targeted critical backend servers, possibly compromising authentication files and deploying encryptors to lock virtual machines. Though details remain scarce, the incident may have originated months earlier, highlighting the often undetected gestation period of such breaches.
“Interestingly, some of these companies – such as Johnson & Johnson, Herbalife, and Monsanto – reached their highest stock price sometime after the scandal broke out, suggesting that they managed to fully overcome the setback,” vpnMentor said.
Tye co-founded Carbon in 2018 with Ferrier and Laidlaw, with the aim to reimagine delegated underwriting through technology, data and a collaborative culture. Under Tye’s leadership, Carbon developed its proprietary data ecosystem, Graphene, and established itself as a Lloyd’s Syndicate-in-a-Box via Asta in 2020, later transitioning to full syndicate status in 2023.
In 2024 alone, 1,580 professionals completed our MGA Assess web-based learning system, underscoring the industry’s commitment to continuous professional development. This commitment is vital in ensuring that MGAs remain at the forefront of underwriting expertise, regulatory compliance, and customer-focused service. Chartered status formalises this dedication, signalling to clients and partners that an MGA operates at the highest level of professional and ethical standards.
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