Year: 2025

Ryan Specialty revenue hits $2.52bn, marking sixth year of 20%+ growth

“Our new product stands among the most comprehensive available, combining broad coverage with extensive market appetite,” said Mike Perrotti, RB Jones director of inland marine. “The solution leverages our sophisticated underwriting and industry expertise to create a significant competitive advantage.”

“The bill aims to ensure affordability, accessibility, and competition in the auto insurance market while maintaining financial stability and consumer protections,” according to the legislation’s text. Eligibility would extend to all drivers required to carry auto insurance, provided they meet residency and vehicle registration requirements.

Executive shares her experience

Aiming for “consistency”

Bybit’s Foundation and Growth: From Startup to Global Exchange Bybit, a cryptocurrency trading platform, was founded in 2018 by former Forex trader Ben Zhou. Headquartered in Singapore, the exchange entered the competitive crypto derivatives market with a focus on speed, security, and user-friendly features. Over the years, Bybit has expanded its offerings beyond derivatives, incorporating spot trading, options trading, and various financial products to cater to a growing user base.

An FBI and Texas Department of Insurance investigation led to a Dallas man getting sentenced to prison for insurance fraud. Jordan Ford was sentenced to 157 months in prison and ordered to pay over $4 million in restitution to defrauded insurance companies.

Other insurers have also reported significant financial impacts. The Farmers Exchanges, which include Farmers Insurance Exchange, Fire Insurance Exchange, and Truck Insurance Exchange, previously announced initial loss estimates of about $600 million from the California wildfires. Additionally, Fairfax Financial Holdings Ltd. has estimated net losses ranging between $500 million and $750 million.

Bottomline, a provider of business payments and cash management solutions, offers LSM services to the property and casualty insurance sector, supporting insurers, third-party administrators, self-insured entities and corporate legal departments with cloud-based software applications and legal bill review solutions.

Fast Track, launched in April 2023, is supported by QBE and Lloyd’s syndicates Canopius, Arch, and Beazley. The facility has processed more than 15,000 policies globally, and bound premium is projected to exceed US$1 billion in 2025, a news release noted. The structure of Fast Track aims to ensure that all client placements adhere to the same terms and conditions as the lead underwriter, including claims decisions. Additionally, clients benefit from an automatic 2.5% premium discount.