Combined with Winter Storm Fern, for which insured loss estimates have ranged between $4 billion to $7 billion, the first quarter of 2026 will prove to be an above-average quarter in terms of insured losses, albeit not as costly as the California wildfires of January 2025. “More-effective enterprise risk management practices played a large role in the…
Reinsurance
PEMBROKE, Bermuda—- Fidelis Insurance Holdings Limited, a strategic capital allocator and risk selector in specialty insurance and reinsurance, today announced that it intends to change its name to Pelagos Insurance Capital Limited and is expected to begin trading under the new ticker symbol in May 2026, subject to all necessary regulatory and legal…
Shares of Chubb Limited (NYSE: CB) traded at a new 52-week high today and are currently trading at $333.77. So far today, approximately 169.7k shares have been exchanged, as compared to an average 30-day volume of 1.77M shares. Chubb Limited provides insurance and reinsurance products worldwide. The company’s North America Commercial P&C Insurance segment offers […]
Jeff Landry is asking the state-created Louisiana Workers’ Compensation Corp. to use its balance sheet to help pay for stronger roofs for homeowners in a bid to alleviate a homeowners insurance crisis that has proved an enduring political problem. But the Louisiana Department of Insurance spends about $30 million a year on grants to homeowners to help put…
Universal Insurance Holdings reported fourth quarter and full year 2025 results. Net income available to common stockholders was $66.6 million, up from net income of $6.0 million in the prior year quarter, and adjusted net income available to common stockholders was $63.3 million, up from adjusted net income of $7.2 million in the prior year quarter.
AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” for the members of Mercury Casualty Group. However, net of reinsurance recoverables, the company recorded just $380 million in net catastrophe losses and loss adjustment expenses, compared with $2.2 billion on a…
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 fourth quarter and year ended December 31, 2025.
The following information was released by California State Senator Ben Allen:. Senator Ben Allen introduced SB 1209 today, a landmark legislative proposal sponsored by Insurance Commissioner Ricardo Lara, to give the California Department of Insurance long needed enforcement authority when insurers fail to comply with Report of Examination directives.
2026 FEB 23– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Blue Cross Blue Shield of Michigan has entered into a definitive agreement to sell its wholly owned subsidiary AF Group to Enstar Group, a leading global insurance and reinsurance group backed by investment vehicles managed by affiliates of Sixth Street, a global investment…
Brighthouse Financial, Inc. announced today its financial results for the fourth quarter and full year ended December 31, 2025. The company reported net income available to shareholders of $112 million in the fourth quarter of 2025, or $1.93 per diluted share, compared with net income available to shareholders of $646 million in the fourth quarter of 2024,…
ProAssurance Corporation, an industry-leading specialty insurer with extensive expertise in medical professional liability, today reported net income of $33.4 million, or $0.64 per diluted share, and operating income of $42.4 million, or $0.82 per diluted share, for the three months ended December 31, 2025. Operating performance continues to demonstrate…
Genworth Financial, Inc. today reported results for the quarter ended December 31, 2025. The prior quarter and prior year included pre-tax reserve releases of $45 million and $56 million, respectively Pre-tax net investment income of $69 million was up from $62 million in the prior year from higher yields and higher invested assets Primary insurance…
Octave Specialty Group, Inc., a global specialty insurance firm, today reported its results for the Fourth Quarter 2025.. Claude LeBlanc, President and Chief Executive Officer, stated, "The fourth quarter of 2025 marked the end of a transformational year and the beginning of what we believe is a new era for our company. Following the sale of our legacy financial…
The U.S. property/casualty industry produced its strongest performance of the past decade in 2025, reflecting the combined benefits of improved pricing and investment income, offsetting persistent pressure on claim costs and liability-driven volatility, according to a new AM Best report. The annual Review& Preview Best’ s Market Segment Report,“ Rate…
HAMILTON, Bermuda& NEW YORK—- Ancient Financial, a newly formed financial services company, today announced that it has entered into a definitive agreement to acquire F&G Life Re Ltd., to be renamed Ancient Re Ltd., a Bermuda- based provider of life and annuity reinsurance, from a subsidiary of F&G Annuities& Life, Inc.. "We are excited to launch Ancient Financial’ s…
A New York judge has dismissed a racketeering lawsuit against lawyers accused of driving up insurance costs by faking accidents, saying the plaintiff insurance companies lacked standing to bring such a case. Roosevelt Re is an offshore reinsurer not licensed to do business in New York and Tradesman merely manages claims, the judge ruled.
AM Best will participate in a panel discussion during the Association of Insurance and Financial Analysts annual conference, which will take place March 1-3, 2026, in Naples, FL, at the Naples Grande Beach Resort. For more information on the AIFA Conference 2026, please visit here. Headquartered in the United States, the company does business in over 100…
Lincoln Financial announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’ s common stock. As of December 31, 2025, the company has $349 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name…
PEMBROKE, Bermuda—- Hamilton Insurance Group, Ltd. today announced financial results for the fourth quarter and full year ended December 31, 2025. Gross premiums written grew 21% to $2.9 billion, our combined ratio was 92.9%, and book value per share increased 24%. On February 18, 2026, the Company’ s Board of Directors declared a special dividend of $2.00 per…
