Trending News & Highlights |
| Most of the top 10 writers of U.S. property/casualty 2025 automobile physical damage direct premiums written retained their positions with little change while one top 10 writer saw a double-digit premium drop, according to a new Best's Rankings.
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| Captive insurers are in some cases outperforming commercial peers, in part as they are able to drill down into the needs of those they insure.
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| Progressive Corp. became the largest private-passenger auto writer at the end of the first quarter, according to President and Chief Executive Officer Tricia Griffith.
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| American International Group Inc.'s chief executive officer said the group sees inadequate pricing in the North American property general insurance business and is taking action to correct that.
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| Allstate Corp.‘s chief executive officer said he’s concerned about large language models that can autonomously break out of containment and teach other AI agents how to do the same undetected — a risk he says the country needs to address.
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| MetLife Inc.'s first-quarter net income available to shareholders rose 1% to $705 million in the second quarter, as sales were up 9% in the group benefits segment and across the board.
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| Improved industry profitability should not be mistaken for a lower cost of risk, Liberty Mutual Chairman and Chief Executive Officer Tim Sweeney said after the company reported a 42.8% rise in second-quarter attributable net income. It posted a jump to $2.63 billion.
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| Prudential Financial Inc. will reduce the geographic footprint of its retirement and insurance businesses by about half and pivot to more mature markets where scale can prompt growth, President and Chief Executive Officer Andrew Sullivan said.
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| Axa SA boosted its first-half profit despite losses from wildfires in Europe and a €100 million ($115.2 million) hit from events in the Middle East.
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| Swiss Re Ltd. had an unusually benign natural catastrophe loss experience in the first half and took advantage of that to add $500 million to reserves for long-tail risks including potential Middle East losses, its chief financial officer said.
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| PartnerRe Ltd. posted lower first-half net income on realized and unrealized investment losses as its property/casualty income recovered from last year's California wildfire losses.
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| Erie Indemnity Co. net income increased to $180.3 million from $174.7 million as average premiums rose and policies in force declined.
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| Construction, infrastructure, energy and data center activity boosted growth in the second quarter, according to Arthur J. Gallagher & Co. Chairman and Chief Executive Officer Pat Gallagher.
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| CNA Financial Corp. national accounts property premiums declined significantly amid a substantial amount of undisciplined market behavior in the line, Chairman and Chief Executive Officer Douglas Worman said in a quarterly earnings statement.
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| The softening property market is making it difficult for Fairfax Financial Holdings Ltd.'s companies to grow, but the company's international market and diversification are benefiting the Canadian insurer, its president and chief operating officer said.
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| Jackson Financial Inc. reported net income attributable to shareholders of $644 million in the second quarter, up sharply from the $168 million recorded in the same period a year earlier.
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| Greenlight Capital Re Ltd. posted a second-quarter net loss on Middle East and lower investment income, its chief executive officer said.
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| Beazley plc posted sharply lower after-tax profit as the group incurred costs related to its pending acquisition by Zurich Insurance Group Ltd. while insurance revenue fell on market softening and lower investment income.
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| Hiscox Ltd. saw an improved first-half performance on growth as $60 million in estimated first-half losses from the Middle East conflict was offset by a benign natural catastrophe period, said its chief executive officer.
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| Mercury General Corp.'s net losses from the catastrophic January 2025 Los Angeles wildfires continues to rise, largely on higher-than-estimated losses on partial-loss claims, it said in a Form 10-Q filed with the United States Securities and Exchange Commission.
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| Assurant Inc.'s second-quarter net income increased 27% to $298.6 million, leading the company to again increase its outlook for the year.
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| Kemper Corp. posted a $464.8 million net loss in the second quarter — compared with net income of $72.6 million in the same period a year earlier — after the company said it booked a $460 million non-cash goodwill impairment.
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| Zurich Insurance Group Ltd. continues to see strong growth in its commercial lines segment as all segments reported income gains, said its chief executive officer.
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| Allianz SE said it will terminate the legacy asset management segment Pimco employee benefit plan at a cost of at least €1.4 billion ($1.61 billion).
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| Australia's Steadfast Group Ltd. extended the deadline for an Amwins-led consortium to acquire the broker for A$7.7 billion ($5.41 billion) another two weeks as the due diligence requirements are nearly complete.
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| The Cayman Islands Monetary Authority in the second quarter issued six new international insurance licenses, bringing to 20 the number of licenses it has issued this year.
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| Lockton Re executed what it said is believed to be the first industry loss warranty transaction combining property catastrophe and cyber triggers within a single limit structure.
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| Lloyd's coverholder Kita said it received a strategic investment from Tokio Marine Group as it deepened its partnership with the Tokyo-based group.
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| Hartford Insurance Group Inc. said it has definitively agreed to acquire Equitable’s employee benefits business to accelerate its growth in the space.
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| As the National Association of Insurance Commissioners prepares to convene its annual National Summer Meeting, stakeholders across the insurance ecosystem are watching regulators’ decisions around capital requirements, homeowners market conduct and data calls and continued work on artificial intelligence.
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| A bill introduced in the United States Senate that would abolish the Federal Insurance Office is the latest push to end the agency created by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
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| A group of more than 20 states filed a lawsuit to block Affordable Care Act rule changes that would result in more than 5 million fewer insureds during the coming five years, the plaintiffs said.
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| The American Property Casualty Insurance Association said media reports on Florida tort reforms enacted in recent years focus too heavily on debunked allegations of an influx of claims being closed without payment, instead of the observable market improvements.
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| Illinois Democrat Gov. JB Pritzker signed a suite of bills that prohibits personal insurance rates from being excessive, creates a hearing process to challenge rates and increases notification requirements.
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| Verisk is estimating insured losses of between ¥220 billion ($1.40 billion) and ¥340 billion ($2.17 billion) from a magnitude 6.8 earthquake that hit near Kumamoto City on Japan's Kyushu Island on July 28.
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| Ageas said it will sell its 30.95% stake in Malaysian nonlife insurance joint venture Maybank Ageas Holdings Berhad for about €1.1 billion ($1.27 billion) in cash, but the Brussels-based group said Asia remains a core market for it.
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Research |
AM Best expects insured losses from the ongoing wildfires in and around Spokane, WA, to be considerable, with more-concentrated individual insurers likely to be more negatively impacted.
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The U.S. insurance industry’s investments in Level 3 assets more than doubled in the last 10 years to $592 billion in 2025 with the life/annuity segment driving the growth, according to a new AM Best report.
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Despite low market penetration, pet health insurance is one of the fastest-growing lines in the property/casualty industry, averaging approximately 20% annual growth since the COVID-19 pandemic, according to a new AM Best report.
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AM Best-rated U.S. captive insurance companies not only continued to outperform their counterparts in the commercial market but also provided a less costly route that generated an estimated $8.2 billion in savings for their organizations over the past five years, according to a new Best’s Market Segment Report.
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Rankings |
| The industry’s U.S. private passenger automobile no fault insurance 2025 direct premiums written declined 1.5% to $18.12 billion, according to a new Best’s Rankings report.
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| Meiji Yasuda U.S. Life Group outpaced top competitors and increased U.S. term life in force by 12.1% last year to become the seventh-largest insurer of the line, according to a new Best's Rankings.
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| United States group life business issued saw increases of more than 12% in 2025, with a pair of insurers breaking into the top five on the backs of increases greater than 200%, according to a new Best's Rankings report.
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| Ordinary life issued for U.S. life/health insurers increased 3.2% to $2.07 trillion in 2025, according to a new Best’s Ranking report.
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| A new Best's Rankings report for United States total life insurance in force revealed the 2025 figure for the U.S. life/health industry was $64.18 trillion, up 3.0% from the previous year.
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| The top five carriers on this past year’s total life issued Best’s Rankings report were the same as the year prior but with some reordering, according to the ranking.
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| U.S. ordinary life in force rose 2.8% in 2025 to $38.66 trillion, according to a new Best's Rankings report.
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| The United States life/health industry saw group life insurance business in force grow by 3.3% to $25.39 trillion in 2025, according to a new Best's Rankings report.
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