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US inland marine insurance maintains strong underwriting performance despite market pressures: AM Best

The US inland marine insurance market continues to post stronger underwriting results than the wider property and casualty (P&C) insurance sector, although insurers are facing limited premium growth and increasing competition, according to AM Best, a global credit rating agency and provider of insurance industry data and analysis. AM Best’s latest Best’s Market Segment Report,…

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Vantage appoints Lucy Fato as General Counsel

Vantage Group Holdings Ltd. (Vantage), a specialty re/insurance business, has appointed Lucy Fato as its new General Counsel as the company moves into its next phase following its acquisition by Howard Hughes Holdings. In her new position, Fato will become part of Vantage’s leadership team and will advise Marc Grandisson, the company’s Executive Chairman, on…

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Allstate estimates $682m in cat losses for July

The Allstate Corporation, a US personal property and casualty insurer, has estimated catastrophe losses of $682 million, or $539 million after tax, for July 2026. The catastrophe loss estimate includes 23 events, with approximately 75% of the losses related to two wind and hail events. Allstate’s July estimate is an increase from June’s figure of…

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QBE promotes Jack Norman to Director of Financial Lines, International Markets

International business insurer QBE has appointed Jack Norman as Director of Financial Lines for its International Markets portfolio, based in London. In his new role, Norman reports to Kevin Shallow, Executive Director, International Markets, QBE. He will additionally join QBE’s International Markets leadership team and work closely with underwriting teams and product leaders to set…

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