Reinsurance

Everest Group, Ltd., a global specialty reinsurance and insurance leader, today announced a definitive agreement to sell Everest Compañía de Seguros Generales Colombia S.A. to American International Group, Inc.. The transaction builds on Everest’ s previously announced sale of its global Commercial Retail Insurance renewal rights to AIG and the sale of…

Hadron, a modern specialty insurance carrier setting a higher standard in delegated underwriting authority, today announced the appointments of Liesel Carvajal as Group General Counsel and Ed McGough as Chief Information Officer. "The delegated authority market is at an inflection point,” said Sam Reeder, Chief Executive Officer of Hadron.“ The carriers that…

2026 MAY 18– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ MARSH RE” by Julia K. Sutherland Seyfarth Shaw LLP, representing Marsh& McLennan Companies, Inc. This application was made available to the public on May 01, 2026.

PEMBROKE, Bermuda—- Hamilton Insurance Group, Ltd. today announced the appointment of Christopher R. Stella as Chief Claims Officer of Hamilton Select, its primary carrier for domestically placed US excess and surplus business, effective May 18, 2026. In his new role, Stella will report to Anita Kuchma, Chief Executive Officer of Hamilton Select and will be based…

The U.S. could see five to eight hurricane impacts, three to five of those major, according to the forecasting service WeatherBELL Analytics. Louisiana, the second-most expensive state, has an average annual rate of $6,354, according to Insurify data. Louisiana, South Carolina, and Maine can expect double-digit insurance rate hikes.

As of October, Idaho homeowners have seen a 17% rise in premiums in 2024, according to Insurify's analysis of home insurance data. Though Idaho homeowners still pay less than the national average for home insurance, the state's growing wildfire risk is driving up premiums. Idaho home insurance rates have increased by 17% in 2024— significantly more than the 3%…

The insurance crisis is spreading as climate-related damage wreaks havoc across the U.S., driving up premiums in states that once had low-cost, widely available insurance. Billion-dollar events have factored into Texas home insurance premiums, which are the fifth-highest in the country.In 2023, a record-breaking 28 weather events caused more than $1…

AM Best will deliver its latest perspectives, examining trends in the global insurance industry, together with an outline of Italy’ s insurance market segment outlooks, in a market briefing scheduled for 17 June 2026, in Milan, Italy. The market briefing this year is scheduled to take place from 9:30 a.m. to 2:00 p.m. at The Westin Palace Milan, and will feature…

As natural catastrophes and severe weather events continue to expose more homeowners to property damage and recovery challenges, the Insurance Information Institute and the National Insurance Crime Bureau are urging consumers to remain vigilant against contractor fraud during Contractor Fraud Awareness Week, May 18-22, 2026.. “After a disaster,…

Pacific Life Insurance Company announced that it has launched Pacific Admiral VUL 2 1, a new flagship variable universal life insurance product. “Pacific Admiral VUL 2 represents the next generation of our VUL offerings, building on the strengths of our prior products,” said Sim Zady, vice president of life product development, Consumer Markets, Pacific Life.“…

These findings are detailed in P/C Economics and Underwriting Projections: A Forward View, a members-only briefing from the Insurance Information Institute and Milliman. “The industry’ s 2025 results should be viewed in the context of the significant financial strain insurers have faced in recent years,” said Michel Léonard, Ph.D., CBE, chief economist and data…

The following information was released by the Insurance Information Institute:. MALVERN, Pa., May 15, 2026 The U.S. property/casualty insurance industry showed improving underwriting conditions in 2025 following several years of elevated catastrophe losses, inflation-driven claims costs, and post-pandemic economic volatility. These findings are…

KKR& Co. Inc. announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Bernstein 42 nd Annual Strategic Decisions Conference on Wednesday, May 27, 2026 at 3:30 PM ET. KKR’ s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. For additional information…

AM Best has upgraded the Long-Term Issuer Credit Rating to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of MS Amlin AG. The company is a subsidiary of Mitsui Sumitomo Insurance Company, Limited. The company, with its operating hubs in Zurich, Bermuda and the United States, is a key platform for MS&AD’ s strategy to increase its exposure to international…

–ALIRT’s latest white paper details how higher interest rates, record annuity sales, increased reinsurance activity, and the growing influence of private investment firms and global insurers have accelerated structural changes across the U.S. life insurance industry. Individual annuity sales experienced historic growth from 2022 through 2025, with the…

BROOKFIELD, NEWS, May 14, 2026– Brookfield Wealth Solutions today announced financial results for the three months ended March 31, 2026. Sachin Shah, CEO of Brookfield Wealth Solutions, stated,“ We have built a scaled and well capitalized insurance platform with a resilient portfolio of $180 billion insurance assets today. Significantly expanded our…

Accelerant Holdings, a data-driven company modernizing the specialty insurance marketplace through the Accelerant Risk Exchange, today announced financial results for the first quarter ended March 31, 2026. We delivered strong performance against all six of our KPIs, reflecting the ongoing momentum across our business,” said Jeff Radke, Chairman and CEO.“…

Pet ownership rose to 95 million U.S. households in 2025, the American Pet Products Association reported, with Americans projected to spend $165 billion on pet care in 2026. “Pets are deeply integrated into American households, but with that companionship comes financial responsibility and risk,” said Triple-I CEO Sean Kevelighan.“ Our latest Issues Brief…

The following information was released by the Insurance Information Institute:. As pet ownership rises across the United States, so do the financial, liability and insurance considerations that come with it, according to the Insurance Information Institute's latest members-only Issues Brief, Pet Insurance: State of the Risk. "Pets are deeply integrated into…