Reinsurance

The Insurance Information Institute has launched a new consumer awareness campaign highlighting how legal system abuse and rising litigation costs can affect household budgets and insurance affordability. A recent report from the U.S. Chamber of Commerce Institute for Legal Reform showed legal system abuse costs each American household $4,900 per…

Banks are using a shift in supervisory expectations to rethink risk management, with artificial intelligence at the center of that effort. This according to the 2027 ProSight Risk Outlook Survey, conducted in collaboration with Oliver Wyman, a Marsh business. ’”said Jen Guidi, CEO of ProSight Financial Association.“ What stands out is what they’re doing with the…

AM Best is maintaining its market segment outlook for the delegated underwriting authority enterprise segment at stable, citing an anticipated moderation in premium growth amid more disciplined expansion efforts. The DUAE market posted its fifth consecutive year of double-digit premium growth, outpacing the broader U.S. property-casualty industry.

Canopius Group, a leading international specialty and P&C insurer, today announces that Samsung Fire& Marine Insurance has entered into an agreement to acquire the remaining 60% stake in Canopius, alongside funds managed by global investment firm KKR, and Korea Investment Corporation. The outstanding shares are being acquired from Canopius’ other existing…

Claude LeBlanc, President and Chief Executive Officer of Octave, said "Octave delivered a solid third quarter, with continued growth in our Insurance Distribution business and further progress at Everspan, despite a P& C market that has become more competitive as the year has progressed. Insurance Distribution Adjusted EBITDA to shareholders was $8.3…

AM Best will participate at The Insurer’ s Parametric Insurer Conference 2026, which will be held on 12 November 2026, at the Willis Towers Watson Auditorium in London. Botelho-Young has been with AM Best since 2017 and is responsible for overseeing the analysis and financial ratings of insurers and reinsurers in the London Market and Bermuda, as well as in the…

The Best’ s Market Segment Report,“ Health and Property Lines Drive Hong Kong’ s Non-Life Insurance Growth,” notes that there are 87 authorised pure non-life insurance companies in Hong Kong, as of 31 March 2026, creating tight price competition and margin pressures across the industry, which makes organic growth difficult for some entities.

Mercantil Seguros is a Panama- based insurer established in 2013, with insurance services revenue mainly composed of health, which represents 89% of its portfolio, with the remaining risk distributed among property/casualty lines of business. The company, which is part of Mercantil Group’ s international companies and controlled by its ultimate parent,…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Hiscox Insurance Company Limited, Hiscox Insurance Company Limited, Hiscox Insurance Company Limited and Hiscox Insurance Company Inc.. At the same time, AM Best has affirmed the Long-Term ICR of“ bbb+” of Hiscox Ltd, the ultimate non-operating holding company…

Brighthouse Financial, Inc. announced today its financial results for the third quarter ended September 30, 2026. The company reported net income available to shareholders of $302 million in the third quarter of 2026, or $5.21 per diluted share, compared with net income available to shareholders of $453 million in the third quarter of 2025, or $7.89 per…

Primerica, Inc. reported financial results for the quarter ended September 30, 2026. "In the third quarter, Primerica’ s financial performance underscored the consistency of our business fundamentals, driven by our unique operating model that is purpose-built to help middle-income families achieve financial security," said Glenn Williams, Chief Executive…

Genworth Financial, Inc. today reported results for the quarter ended September 30, 2026. Net loss was driven by Closed Block, partially offset by Enact Net investment income, net of taxes, was $603 million in the quarter, down from $660 million in the prior quarter and $631 million in the prior year primarily from lower income from limited partnerships and U.S….

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Knighthead Annuity& Life Assurance Company and its affiliate Merit Life Insurance Co.. In addition, AM Best has a assigned a Long-Term Issue Credit Rating of“ bbb” to the newly issued $75 million, 8.5% surplus notes, due 2046, issued by Knighthead Annuity.

AM Best has revised the implications of the under review status to developing from negative for the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Premia Reinsurance Europe S.A.. The revision in implications of the under review status to developing from negative follows the announcement of the acquisition of Premia Re Europe…

To make it concrete, Triple-I created a multifaceted, research-driven campaign designed to identify the messages which resonate with consumers, use them to build public awareness, and turn this awareness into direct outreach to state lawmakers. Triple-I remains committed to educating lawmakers and the public about the high cost of legal system abuse,…

Unum Group today reported a net loss of $419.7 million for the third quarter of 2026, compared to net income of $39.7 million for the third quarter of 2025.. Included in net loss for the third quarter of 2026 is a before-tax net investment loss on the Company’ s investment portfolio of $853.0 million, primarily related to impairment losses recognized as a result…

Results for the Quarters and Nine Months ended September 30, 2026 and 2025. The Company generated net income for the quarters ended September 30, 2026 and 2025 of $28.0 million and $33.5 million, respectively, and for the nine months ended September 30, 2026 and 2025 of $70.5 million and $94.9 million, respectively. These results reflected profitable…

PEMBROKE, Bermuda—- Premia Holdings Ltd. has completed the acquisition of Ramius Enterprise Luxembourg Holdco S. à r.l. and its subsidiaries, including property and casualty reinsurer Cowen Reinsurance S.A.. Cowen Reinsurance has been renamed Premia Reinsurance Europe S.A.. Premia is a leading provider of risk transfer solutions focused on legacy risks,…

Bowhead Specialty Holdings Inc., a specialty lines insurance group focused on providing casualty, professional liability and healthcare liability insurance products, delivered through complementary“ craft” and“ digital” underwriting models, today announced financial results for the third quarter ended September 30, 2026. Gross written premiums…