Trending News & Highlights |
| Research detailed by AM Best senior financial analysts Inger Rodriguez and Ricardo Rodriguez Perez found less than 24% of the $21 billion in economic losses in Latin America were insured in 2025, demonstrating opportunities for growth in the existing protection gaps.
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| Jon Hancock is retiring from his role as executive vice president and chief executive officer of general insurance for American International Group Inc., effective Dec. 31.
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| The surplus lines market continues its steady growth while increasing complexity among both risks and claims drives the application of technology solutions, according to market participants.
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| Managing general agents are taking on a more strategic role as the market evolves, with greater emphasis on underwriting discipline, scale, data and long-term capacity partnerships, according to a panel at the Reinsurance Rendezvous de Septembre.
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| Reinsurers are navigating an increasingly uncertain environment as geopolitical tensions, inflation, interest rates and declining pricing create new challenges in capital deployment and portfolio strategy.
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| Rachel Turk, chief underwriting officer, Lloyd’s, discussed underwriting discipline, emerging risks and portfolio agility amid market shifts. Turk spoke with AM Best TV at the Rendez-Vous de Septembre in Monte Carlo.
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| Joe Peiser, chief executive officer, risk capital, Aon, discusses data center risks, expanding reinsurance capacity, alternative capital and the outlook for January renewals. Peiser spoke with AM Best TV at the Rendez-Vous de Septembre in Monte Carlo.
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| The retention rate for what had been Travelers Canada property/casualty business rises as it transitions to new owner Definity Financial Corp.'s underwriting platform, according to President and Chief Executive Officer Rowan Saunders.
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| Zurich Insurance Group Ltd.'s $10.9 billion acquisition of London-based Beazley plc is expected to close on Oct. 1 following a scheduled Sept. 22 U.K court hearing.
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| (Updates with comment from Axa S.A. spokesman in sixth and seventh paragraphs.) Genworth Financial Inc. Chief Executive Officer Tom McInerney said the company is "disappointed" in a ruling by a U.K. appellate court against insurer Axa S.A. in a long-running legal dispute with Santander that could have brought the company up to $750 million.
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| Several of the United States’ largest insurers are coalescing behind a coalition of more than 200 companies from across industries that are urging the U.S. Courts’ Advisory Committee on Civil Rules to consider requiring disclosure of third-party litigation funding agreements.
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| Insurance broker Baldwin Group Inc. said it agreed to be acquired by investors in a take-private deal that would value a majority of the company at $7.7 billion.
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| Atradius Surety said it has expanded into Canada, marking one component in a global expansion strategy and its first branch outside of Europe.
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| Insurtech Kin has cut average homeowners insurance rates more than 20% in South Florida's Miami-Dade, Broward and Palm Beach counties, the area most impacted by state legislative reforms, according to Chief Insurance and Compliance Officer Angel Conlin.
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| Estimated monthly catastrophe losses tripled from the prior year for the second month in a row at Allstate Corp.
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| Axa SA unveiled a new three-year strategy setting financial targets it said would gain market share and sustain earnings growth through 2029.
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| A real estate investor, who is in the process of launching Real Property Captive, said his aim is to bring that structure into the middle market of the real estate world, in which it hasn't typically been a player.
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| U.S. Sen. Elizabeth Warren of Massachusetts requested details from the National Association of Insurance Commissioners on regulators' work to investigate and address risks posed by closer bonds between private credit and insurance companies.
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| The Oklahoma Insurance Department saw captive insurance premiums in the market swell by more than two-thirds last year, and it licensed 14 new captive insurers in 2025, according to state figures.
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| The Utah Insurance Department logged 54 captive formations this year through Aug. 31, outpacing the prior year.
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| An Oklahoma home insurance market hearing has been postponed until Oct. 26 as both insurance commissioner candidates filed to participate in the proceedings and the insurance regulator countered to dismiss those requests.
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| A bill was introduced in the Pennsylvania House of Representatives that would create a publicly funded health insurance program that covers every resident.
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| Louisiana Citizens Property Insurance Corp. is moving its entire commercial line book to Property Insurance Company of America.
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| South Carolina Department of Insurance Director Michael Wise has filed to place Advantage Capital Partners LLC affiliates Atlantic Coast Life Insurance Co. and Southern Atlantic Re Inc. into rehabilitation.
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| The European Union intends to create a Climate Insurance Alliance to improve coverage uptake, mitigation and adaptation to the weather events spurred by climate change, European Commission President Ursula Gertrud von der Leye said.
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Research |
Canada’s life/annuity insurers reported favorable operating results in their core lines of business in 2025 owing to favorable investment returns and increasing sales trends, supported by digitization and technology-driven, customer-centric business models. according to a new AM Best report.
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Canada’s economy remains resilient, but growth has become increasingly uneven with the outlook highly sensitive to U.S. trade policy and other external shocks, according to a new AM Best report.
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The elimination of a fiscal credit on value-added tax (VAT) paid to third parties such as hospitals and on other claims-related expenses in Mexico is likely to create greater earnings volatility and pressurize the capitalization of smaller or monoline insurers, according to a new AM Best report.
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Net income for the U.S. life/annuity (L/A) insurance industry remained relatively flat in the first half of 2026 compared with the same prior-year period, according to a new AM Best report.
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The U.S. surplus lines market, including aggregated premiums written by Lloyd’s syndicates and non-Lloyd’s alien insurers, achieved an eighth consecutive year of double-digit growth, although the 10.4% year-over-year (YoY) growth reflected continued premium growth moderation that has been evident in the market over the past three years, according to a new AM Best report.
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The Lloyd’s market produced an excellent return on capital of above 20% for a third successive year in 2025, according to a new report from AM Best that looks at some of the longer-term trends at market and syndicate level.
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AM Best will host an insurance market briefing on the state of Canada’s insurance industry at the Sheraton Centre Toronto Hotel on Wednesday, Sept. 23, 2026.
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AM Best is maintaining a stable outlook on Malaysia’s non-life insurance segment, citing regulatory initiatives and economic expansion, which is driving robust premium growth and increasing insurance penetration.
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The U.S. property/casualty (P/C) industry recorded $31.2 billion in net underwriting income in the first half of 2026, nearly three times the $10.9 billion posted in the same prior-year period, according to a new AM Best report.
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The volume of ceded U.S. health insurance premium to the reinsurance market has grown significantly over the past decade, to USD 203 billion in 2025 from USD 59 billion in 2016, representing growth of more than 300%, according to a new AM Best report.
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Rankings |
| Direct premiums written declined 43.7% at Citizens Property Insurance Corp. in Florida last year to $2.59 billion, according to a new Best's Rankings report of U.S. property catastrophe risk property/casualty writers.
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| U.S. fire and allied lines direct premiums written declined by double digits at Berkshire Hathaway Insurance and American International Group, according to a new Best's Rankings report.
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| California surpassed Florida as the largest fire and allied lines state in 2025, according to a new Best's Rankings report.
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