Trending News & Highlights |
| Edin Imsirovic, director, and Kaitlin Piasecki, industry research analyst, both of AM Best, discuss the results of a recent AM Best survey that evaluates the industry's position on strategy and implementation.
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| The U.S. medical professional liability insurance market saw increased underwriting losses in 2025 as investments keep the sector profitable while premium growth lagged in a competitive market.
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| Progressive Corp. gained 1.9 points of automobile insurance market share to close 2025 with 18.6% and is closing in on the "important milestone of becoming the No. 1 writer of U.S. personal auto," Personal Lines President Pat Callahan said during an earnings conference call presentation.
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| Prudential Financial Inc. Chairman and Chief Executive Officer Andy Sullivan said the company is whittling down what he deemed businesses that aren't competitive, including exiting markets in Asia and Africa.
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| The conflict in the Middle East hasn't materially impacted MetLife Inc.'s financial performance to date, Chief Executive Officer Michel Khalaf said.
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| Liberty Mutual Holding Co. Inc. doubled its attributable net income in the first quarter to $2.05 billion from $1.025 billion a year earlier, helped by much lower catastrophe losses and higher investment results.
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| Berkshire Hathaway Inc.'s insurance operations vice chairman said he will be surprised if artificial intelligence will ever be able to fully assume underwriting or claims settlement functions.
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| Aon plc reported higher first-quarter net income on revenue growth in the risk capital segment and favorable currency effects.
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| CNA Financial Corp. reported lower first-half net income on loss costs related to prior-period development and competitive pressure as catastrophe losses were flat compared with the previous year.
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| Axa SA reported 6% premium growth in the first quarter as the group saw catastrophe loss activity that was slightly below budget.
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| Ryan Specialty Holdings Inc. is operating in "one of the most volatile and reactive insurance markets" founder and Executive Chairman Patrick Ryan said he's ever seen.
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| Homeowners insurtech Hippo expanded to casualty lines to diversify risk, because climate change and its impact on property insurers is real, said President and Chief Executive Officer Rick McCathron.
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| The merger of Corebridge Financial Inc. and Equitable Holdings Inc. will be immediately accretive and result in growth of as much as 10% in earnings and cash generation in coming years, Corebridge President and Chief Executive Officer Marc Costantini said.
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| American International Group Inc. said it has agreed to sell about 25 million shares of Corebridge Financial Inc. common stock, representing its remaining stake in the company, for net proceeds of about $710 million.
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| CVS Health Corp. posted a jump in first-quarter attributable net income to $2.94 billion, up from $1.78 billion the year prior, driven by the performance of its government business and better-than-expected healthcare cost payable estimates from 2025.
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| Scor SE posted higher first-quarter net income as the reinsurer added to reserves for the Middle East conflict and other potential losses, its chief executive officer said.
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| Oscar Health Inc. doubled its first-quarter net income to $679 million from $275.5 million, as the company said it had more members paying higher rates.
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| The uncertainty that has emerged because of the ongoing conflict in the Middle East will continue even after a resolution is reached, and that will make insurers cautious about jumping right back into that geographical market for some time, International General Insurance Holdings Ltd. President and Chief Executive Officer Waleed Jabsheh said.
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| Greenlight Capital Re Ltd. has decided to nonrenew its direct catastrophe book in Japan as the group also reserved $5 million for Middle East losses, its chief executive officer said.
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| Mercury General Corp. swung to a $190.4 million net profit in the first quarter from a $108.3 million net loss a year earlier, although the catastrophic January 2025 Los Angeles wildfires continue to impact the carrier.
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| Genworth Financial Inc.'s Chief Executive Officer Tom McInerney said the United Kingdom's Court of Appeals has scheduled a hearing this summer on litigation involving insurer Axa in a case over sales at units it shed a decade ago.
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| Assurant Inc.'s first-quarter net income climbed strongly to $274.1 million from $146.6 million a year earlier on record global lifestyle earnings, according to President and Chief Executive Officer Keith Demmings.
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| Hiscox Ltd. saw its fastest growth in its retail segment as the group reported growth across the book in the first quarter as a benign natural catastrophe experience offset unspecified estimated losses from the Middle East conflict.
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| Lincoln Financial Group reported a net loss available to shareholders of $211 million in the first quarter, narrowing that figure from a loss of $756 million in the same period a year earlier.
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| ACORD has formed a North American property/casualty coalition to advance digital communications and improve efficiency using data.
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| The California Department of Insurance is taking legal action against State Farm General Insurance Co. for alleged inadequate wildfire claims investigations, underpayment of claims, mishandling smoke-damage claims and other violations of the Unfair Insurance Claims Practices Act and related regulations.
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| Florida-based Slide Insurance Holdings Inc. said it is now writing excess and surplus homeowners and landlords insurance in California.
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| The Fidelis Partnership recently sought to strengthen its long-term commitment to the Middle East as senior leaders traveled to the region to meet clients, brokers and strategic partners.
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| UnitedHealthcare said it is now paying healthcare providers on certain commercial claims instantly, without the traditional three- to five-day waiting period.
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| The number of life insurance policies the industry sold increased in 2025, yet the so-called coverage gap remained stubborn, according to LIMRA executives.
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| Total U.S. individual life insurance new annualized plus excess jumped 10% in the first quarter, compared with a year earlier to reach $4.5 billion, according to preliminary figures from LIMRA.
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| Sun Life Financial Inc. said it reached a C$213.5 million ($157.3 million) settlement in principle to resolve a class-action lawsuit over individual life insurance policies sold and issued by a MetLife Inc. unit that it inherited through acquisitions.
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| Lockton said it gained a reinsurance license in Saudi Arabia as the broker expands geographically as part of its international strategy.
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| Jeffrey Johnston has been named the National Association of Insurance Commissioner’s next chief executive officer, a position he has filled on an interim basis since October 2025.
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| Lawmakers in the Iowa House and Senate approved a measure that would overhaul the state's regulations on captive insurers and create a new regulatory framework for life reinsurance captives, sending it to Gov. Kim Reynolds.
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| The Workers’ Compensation Insurance Rating Bureau of California is proposing a pure premium increase of 10.4%, on average, which would equate to about $1.71 per $100 of payroll.
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| The Connecticut Legislature passed a bill that places certain restrictions on long-term care insurance rate increases, introduces new reporting requirements and directs a study on returning premiums to policyholders.
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| The Montana State Auditor and Commissioner of Insurance James Brown issued a cease-and-desist order to Strategic Limited Partners for operating without a license and allegedly “duping” consumers into buying plans the firm misrepresented as being part of the Affordable Care Act marketplace.
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| The Labuan Financial Services Authority said captive insurance premiums grew 7.2% in 2025 to reach $726 million, which it said accounted for about one-third of the total premiums underwritten by the industry.
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Research |
Pressured in part by rising claims severity and social inflation, the U.S. medical professional liability (MPL) segment reported another year of increased underwriting losses as direct premium growth slowed, according to a new AM Best report.
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AM Best will host a complimentary market briefing on the state of Florida’s property/casualty market ahead of the start of hurricane season, on Thursday, May 21, 2026.
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Strong U.S. annuity sales have shifted the reserve profile for many U.S. life/annuity companies, with asset risk forming a greater share of required capital composition in AM Best’s capital model, Best’s Capital Adequacy Ratio (BCAR), and leading to weaker scores for some life/annuity companies. At the same time, according to a new report, BCAR scores have shown to not always correlate with the end-result balance sheet assessment, highlighting the impact of other factors on the overall analysis.
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AM Best has maintained its stable outlook on Spain’s life insurance segment, noting that the positive interest rate environment over the last two years has been one of the primary drivers of the segment’s recovery.
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AM Best has maintained its stable outlook on France’s life insurance segment and expects the segment to report further growth in 2026, reflecting continued policyholder interest in the segment’s savings offerings tied to positive interest rates.
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