Category: Insurance

AM Best has revised the outlook for FGH Parent, LP and its subsidiaries (collectively, Fortitude Re) to stable from negative and affirmed its financial strength rating of A (Excellent) and long-term issuer credit rating of “a” (Excellent). FGH Parent, LP’s insurance and reinsurance subsidiaries include Fortitude Reinsurance Company Ltd., Fortitude Life Insurance & Annuity Company…

Alliances and active insurance companies focus on Prevent digital risks, launched Login Security is a new feature in its cyber risk management platform, Coalition Control, that helps small and medium-sized businesses (SMBs) prevent business email compromises (BEC). To help prevent BEC (which will grow 15% by 2025 and become the number one driver of cyber…

Mapfre’s reinsurance arm Mapfre Re announced a net profit of 186 million euros in the first half of 2026, a year-on-year increase of 24.6%. This performance was driven by strong results from the Reinsurance division, which increased net profit to more than €165 million, maintaining stable premium income despite weak market conditions and further improving…

Kinsale Capital Group, Inc. reported net income of $175.9 million in the second quarter of 2026, an increase of 31% from $134.1 million in the same period a year earlier. Net income included an after-tax catastrophe loss of $4.2 million, compared with $2.9 million in the second quarter of 2025. Gross written premiums decreased 5%,…

Global insurer Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Asia Holdings Pte Ltd, has agreed to acquire general insurer HSBC Life Singapore Pte Ltd (HSBC Life Singapore) from HSBC Holdings plc (HSBC Group), subject to regulatory approval. HSBC Life Singapore has a strong presence in the country’s life and health insurance market. Operating profit…

Re/insurance holding company WR Berkley Corporation announced the appointment of Paul J. Stock as president of Carolina Casualty, effective immediately. Stocker brings more than two decades of experience in the property and casualty insurance industry to his new role, focusing on the transportation industry across multiple disciplines, including claims, product management, underwriting, risk management, telematics…

Universal Insurance Holdings reported net income available to common shareholders of $59.2 million in the second quarter of 2026, an increase of 69% from $35.1 million in the same period last year. For the quarter, adjusted net income to common shareholders was $53.4 million, compared with $35.7 million in the second quarter of 2025. Universal…

Malaysian reinsurer Mandarin Re has appointed Patrick GW Ward to its board of directors. The appointment reflects Mandarin Re’s continued commitment to strong governance and long-term sustainable growth. “We believe Patrick’s experience and industry perspective will make a valuable contribution to the board and the company’s future growth,” the reinsurer said. Ward has more than…

ERGO recently released a report in partnership with Google Cloud that explores how self-evolving AI agents can help insurance companies capture, preserve, and extend undocumented institutional knowledge that is at risk of loss, enabling long-term access to this knowledge across the organization. The ERGO Innovation Lab, in partnership with Google Cloud, has released a report…

The Hartford, an American insurance company, announced its financial results for the second quarter of 2026. Net profit increased to US$1.3 billion, and property and casualty (P&C) written premiums increased by 3% compared with the same period last year. The company said growth in property and casualty insurance written premiums in the second quarter of…