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Verdant Rock Limited, a Bermuda Monetary Authority-regulated Class 3B insurance company, has received an A (low) Financial Strength Rating and an A (low) Issuer Rating from global credit rating agency, Morningstar DBRS. The rating complements the BBB+ Long-Term Insurer Financial Strength Rating with a Stable Outlook from Fitch Ratings, assigned on June 12, 2026, establishing…
Everspan Group, a specialty property and casualty insurance platform, has entered into a definitive agreement to sell Providence Washington Insurance Company (PWIC) to Rhode Island-based Falvey Insurance Group. The transaction is expected to increase Everspan’s tangible book value by roughly $11 million. The divestment of the admitted shell company is part of the company’s broader…
Florida-based flood insurance group, Neptune Insurance Holdings Inc., the parent of Neptune Flood, reported a 34.3%, or $15.2 million year-on-year increase in revenue to a record $59.6 million for the third quarter of 2026, compared to $44.4 million in the comparable prior year quarter. Revenues were driven by continued growth of the renewal portfolio, increased…
FM, a commercial property insurer focused on property protection, engineering and loss prevention, will provide eligible clients with an estimated $855 million through its resilience credit program, marking the second consecutive year that the firm is providing a 10% premium offset. Up from 5% in 2024 and prior years, the 10% premium offset to eligible…
FM, a commercial property insurer focused on property protection, engineering and loss prevention, will provide eligible clients with an estimated $855 million through its resilience credit program, marking the second consecutive year that the firm is providing a 10% premium offset. Up from 5% in 2024 and prior years, the 10% premium offset to eligible…
Universal Insurance Holdings recorded a 9.6% hike in total revenues to $439 million for the third quarter of 2026, up from $400 million in Q3’25, as total revenues for the first nine months of the year increased by 5.3% to $1.26 billion from $1.19 billion in 2025. The increase in both periods primarily stems from…
Isometric, the certifier for the industrial economy, has launched a new insurance framework, co-developed with Marsh, that helps reforestation projects improve their economics by enabling developers to use insurance to reduce their buffer pool contributions. Buffer pools are reserves of carbon removal certificates that projects contribute to as a safeguard against reversals caused by events…
Global reinsurer Munich Re has reported a preliminary net profit of approximately €1.7 billion for Q3 2026, driven by a “very pleasing” operating performance across all business segments, below-average major-loss expenditure in P&C reinsurance, and a strong investment result in reinsurance. The firm described the results as another quarter of strong financial performance, with its…
US life insurers are increasing their financial exposure to artificial intelligence (AI) infrastructure, although these investments continue to account for a relatively small proportion of their overall assets, according to Moody’s Ratings, the credit ratings and financial research provider. The agency has reported that growing investment in data centres, computing equipment and major technology companies…
Pinion Insurance, a London-based specialty insurance carrier established in 2026, has appointed Robert Carlaw as Chief Technical Officer (CTO). The appointment comes as the company continues to build its technology infrastructure, expand its underwriting capabilities and develop its proprietary Sarrus platform. The appointment brings more than 20 years of software engineering and digital transformation experience…