Trending News & Highlights |
| Beazley USA Insurance Group was the second-largest writer of stand-alone cyber insurance in 2025, moving up from the No. 10 spot the year prior, with $493.9 million in direct premiums written, according to a new Best’s Rankings report.
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| AM Best Director David Blades and Senior Industry Analyst Christopher Graham discuss a new Best's Market Segment Report that finds favorable underwriting margins may dissipate if adverse reserve development trends persist.
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| W.R. Berkley Corp. Executive Chairman William "Bill" R. Berkley has died 59 years after founding the global commercial insurance and reinsurance business that carries his name.
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| USAA said it will distribute a $500 million dividend to Florida automobile insurance policyholders, on top of rate decreases.
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| Artificial intelligence is lowering expenses at MetLife Inc., and allowing it to speed up some business functions that Chief Financial Officer John McCallion said presents a growth opportunity for the insurer.
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| Howard Hughes Holdings Inc. has completed its $2.1 billion acquisition of specialty insurer and reinsurer Vantage Group Holdings Ltd.
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| Corebridge Financial Inc. interim Chief Financial Officer Christopher Filiaggi said he expects alternative investments will post returns in the second quarter that will dip below those seen in the first 90 days of the year.
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| Pacific Life Re said it entered its third asset-intensive block reinsurance deal with Tokio Marine & Nichido Anshin Life Insurance Co. Ltd. (Anshin Life).
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| Managing general agency Jensten Underwriting said it secured more than £300 million ($400 million) in capacity through a five-year deal with Zurich Insurance to support its growth and development.
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| Axa XL said it entered a strategic partnership with Deloitte to provide cybersecurity and operational technology services worldwide.
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| Oxbridge Re Holdings Ltd. and its subsidiary SurancePlus formed a partnership with HCI Group Inc. to launch three tokenized reinsurance securities using tokenized real-world assets.
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| Property/casualty insurers have paid out more than $2.9 billion in claims related to 2025 serve weather events, including May tornado that hit St. Louis, as of May 25, the Missouri Department of Commerce and Insurance said.
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| Jane Kim, a former San Francisco supervisor and political operative, state Sen. Ben Allen and insurance professional Stacy Korsgaden are carrying early leads in the primary elections for California insurance commissioner.
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| Maine Bureau of Insurance Superintendent Robert Carey retired from the role on June 5, and Deputy Superintendent Tim Schott was tapped to fill the role in an acting capacity.
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| Health insurers are requesting to raise Connecticut’s individual market rates an average of 16.2% and small group rates an average of 17.8%, requests that drew sharp rebukes from the state’s attorney general and lawmakers.
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| The Michigan Senate is considering a series of bills that would create a state-based health insurance exchange and reinsurance program designed to make plans more affordable and keep the market stable.
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Lancashire Holdings said its U.S. operation is expanding its product portfolio by adding financial lines, inland marine and environmental liability.
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| Liberty Specialty Markets launched a bespoke proposition for mid- to upper-midsize retail corporations as part of a regional investment strategy across the United Kingdom and Ireland.
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| AM Specialty Insurance Group said its Pinpoint UK Solutions Ltd. business was approved by the Financial Conduct Authority to operate in the United Kingdom.
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| Managing general agent Pen Underwriting said it is doubling its coverage limit to £10 million ($13.4 million) within its U.K. cyber program for small and medium-size businesses to reflect shifting market conditions.
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| Banyan Risk said it launched a healthcare professional liability line under Banyan Risk Ltd. in Bermuda, backed by capacity from Mereo Insurance Ltd.
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| Steadfast Group Ltd. said it received an offer of A$7.7 billion ($5.40 billion) from Amwins Group Inc. and Dragoneer Investment Group LLC to acquire 100% of its outstanding share capital. The offer is conditional, nonbinding and indicative.
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| The Insurance Council of Australia and Insurance Council of New Zealand said they have agreed to form the Resilient Insurance Markets Initiative to coordinate advocacy, share expertise and help build more resilient communities regionally.
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| (Removes duplicative information on April job openings in paragraphs eight and nine.) The United States insurance industry lost 10,700 positions in May compared with the month prior, according to preliminary figures from the U.S. Labor Department's Bureau of Labor Statistics.
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Research |
Insurers specializing in the legal professional liability (LPL) sector have experienced considerable growth in policyholders’ surplus over the past five years, but premium levels have remained relatively stagnant during that timeframe, according to a new AM Best report.
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The U.S. property/casualty (P/C) industry recorded a $16.3 billion net underwriting gain in the first quarter of 2026 following a $1 billion loss in the same prior-year period, which had been driven largely by the California wildfires, according to a new AM Best report.
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Due to the catastrophe protection gap in the Philippines, insured losses from damage caused by a recent 7.8-magnitude earthquake in the Mindanao region are expected to be limited and a small fraction of total economic damage, according to a new AM Best commentary.
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AM Best will hold a special analytical briefing with analytical staff and industry experts to explore developments within the delegated underwriting authority enterprises (DUAE) segment. The briefing is scheduled for Tuesday, June 30, 2026, at 10:00 a.m. EDT.
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AM Best will hold an analytical briefing on the state of artificial intelligence (AI) use in the insurance industry and what the future holds, based on a recent AM Best survey, scheduled for Thursday, July 16, 2026, at 2:00 p.m. EDT.
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Premium generated from U.S. directors and officers’ (D&O) liability coverage declined for a fourth straight year in 2025, reflecting heightened competition in the segment as warning signs loom over commercial line’s underwriting performance, according to a new AM Best report.
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AM Best has maintained its stable outlook on Spain’s non-life insurance segment, noting that while the segment continues to grow profitably, rising claims costs could narrow margins.
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AM Best is maintaining its stable outlook on Costa Rica’s insurance industry due to steady premium growth and a stable regulatory environment.
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AM Best is maintaining its negative outlook on Colombia’s insurance industry, citing challenging economic conditions, including rising inflation and interest rates, and political uncertainty.
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AM Best will hold an analytical briefing on the U.S. directors and officers (D&O) insurance market, scheduled for Tuesday, June 23, 2026, at 2:00 p.m. EDT.
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Rankings |
| U.S. property/casualty net premiums written increased 2.8% to $252.49 billion while the combined ratio after dividends improved 6.9 points to 92 in the first quarter of 2026, according to a new Best's Rankings report.
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| Berkshire Hathaway Inc. topped the list of U.S. holding companies ranked by total assets with its $1.22 trillion in 2025, up 5.9%. The company took second place in total revenue, according to a new Best's Rankings report.
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| U.S. life/health admitted assets declined 0.3% in the first quarter of 2026 to $9.71 trillion as net premiums written fell 15.3% to $190.12 billion, according to a new Best's Rankings report.
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| The two public insurers in the United States and Canada with the largest assets saw total revenues fall in 2025, according to two new Best's Rankings reports.
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