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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,…
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…
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…
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…
ICW Specialty, the specialty insurance business unit of ICW Group, has launched Legacy Solutions, a new platform designed to help self-insured corporations and other organisations manage and transfer long-term insurance liabilities, with Lisa Walsh to lead the new platform. Legacy Solutions is expected to go to market in September 2026, focusing on loss portfolio transfers…
Ping An Insurance (Group) Company of China, Ltd. has announced its 2026 interim results for the first half of 2026, reporting a 4% year on year (YoY) growth in premium income for its property and casualty (P&C) business, increasing to RMB178,751 million (around USD 26.56 billion) The business’ premium income of new energy vehicle insurance…
The Guernsey Financial Services Commission has welcomed the announcement by the US National Association of Insurance Commissioners (NAIC) of the jurisdiction application for Qualified Jurisdiction status. The application was lodged in July with the support of the Guernsey International Insurance Association and the States of Guernsey, and marks an important step toward improving the terms…
Reinsurance broker Howden Re has announced the appointment of Matthew Overall as Managing Director, Retro, a London-based role. Overall will take over his new position in 2027, following the completion of his contractual obligations with Guy Carpenter, his current employer. He is joining Howden Re following close to nine years at Guy Carpenter, where he…
Fitch Ratings, a global credit ratings and research agency, said Bermuda-based re/insurers delivered a strong financial performance during the first half of 2026, helped by a reduction in catastrophe-related losses. However, the company noted that challenging market conditions, including abundant capacity and strong competition, continued to weigh on pricing and premium growth. Fitch said conditions…
AXIS Capital Holdings Limited, a Bermuda-based global specialty insurer and reinsurer, has announced the appointment of Jim Rhyner as Head of North America Financial Lines, Programs, and Canada, effective 31 August 2026. Rhyner succeeds John Van Decker, who will retire following a career spanning more than four decades, including 15 years with AXIS. Rhyner will…