3 Things – Q2 2025 Results, Accelerant’s IPO & AI Innovation Moves

Posted on by Nick Coenen

Hi Friends,

This week was busy with Q2 2025 results taking up most of the headlines. Chubb and others were among the parade of insurers who released their earnings. We provide a quick recap that summarizes the main takeaways from several key points of interest and how they impact the insurance industry as a whole.

In the rest of the headlines, Accelerant’s IPO performance was impressive and continues the momentum for insurers in the public markets. Elsewhere there were several innovation moves, including AI, embedded auto insurance and growth into E&S market opportunities that continue to be abundant.

The pace continues through the summer as we watch and learn, heading into the last few weeks before back to school and fall begins.

Let’s dive in once again and explore the Three Things We Learned.

 [1]

Q2 Earnings Roll In Across Insurance

A wave of second-quarter earnings came in this week, with strong and stable results across the board. Chubb led the charge with net income of $7.35 per share and a record core operating income, fueled by premium growth in both P&C and life insurance.

W.R. Berkley and RLI also posted underwriting gains and record premium volumes, while Westfield Specialty reported an 89.4% combined ratio and $58 million in underwriting income in the first half. Selective posted income growth and margin improvement despite ongoing market headwinds.

On the reinsurance side, RenaissanceRe reported $602 million in underwriting income and a 75.1% combined ratio, while Munich Re posted €2.1 billion in net profit thanks to unusually low major loss activity. Broker Aon rounded out the group with steady organic revenue growth especially within its reinsurance segment.

The message across the industry is clear: insurers with strong underwriting discipline and well-positioned reinsurance portfolios continue to thrive, even as macroeconomic and climate-related pressures persist.

 [2]

Accelerant’s IPO Pops, Keeps the Momentum Going

Accelerant’s public debut didn’t disappoint. Rewarding founding investors and others, the company raised $724 million in an upsized IPO and saw its stock climb in early trading. Accelerant has built a differentiated platform focused on delegated underwriting and data-driven risk selection, and its success in the public markets validates continued investor interest in specialty, tech-enabled models. This offering stands out not just as a capital raise, but as a signal that distribution-led innovation—when paired with strong financials—can still capture market enthusiasm.

It’s a decisive vote of confidence for MGAs and fronting platforms eyeing the next step, and a reminder that specialty remains a growth engine for the industry.

 [3]

AI and Embedded Innovation Push Forward

New headlines show how insurers are doubling down on more innovative products and distribution strategies. Honda has announced the launch of its own insurance business, joining the growing ranks of automakers that embed coverage directly at the point-of-sale.

Meanwhile, a new venture called The Artificial Intelligence Underwriting Company raised $15 million to help enterprises use AI in risk decision-making. QBE introduced AI-powered cyber coverage tailored to emerging risks, and Fleming Re unveiled a new retrospective reinsurance platform called REvolve™.

Ambac continued to build out its specialty strategy alongside Beat Capital, with Alcor Group entering the U.S. E&S market  through a new office in Atlanta.

What’s the story behind these moves? Innovation isn’t just happening—it’s expanding. From embedded to AI to specialty, everyone is moving with intent to position themselves for a changing market.