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Heritage’s net income rises to $51.1m in Q3’26 despite higher cat losses

Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, reported net income of $51.1 million for the third quarter of 2026, up 1.4% from $50.4 million in the prior-year quarter, despite $15.8 million in pre-tax catastrophe losses, compared with none in the prior-year quarter. For the quarter, gross premiums written decreased 3.1%…

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Hippo and Greenlight Re establish partnership to support emerging MGAs

Hippo Holdings Inc. has partnered with Greenlight Capital Re’s Innovations segment, which links investment opportunities in emerging MGAs with carrier and reinsurance support, allowing Hippo to co-invest with Greenlight Re in early-stage programs while its subsidiary, Spinnaker Insurance Company, can serve as Greenlight’s preferred U.S. admitted fronting carrier for qualifying co-invested programs. According to Hippo,…

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AXIS Capital posts $134m underwriting result as premiums rise 11% in Q3’26

AXIS Capital Holdings Limited, a Bermuda-based global insurance and reinsurance company, recorded net income of $202 million in the third quarter of 2026 and underwriting income of $134 million, supported by AXIS Re’s 11th consecutive profitable quarter. Group-wide, operating income for Q3’26 amounted to $229 million, down 10% on the prior year, as underwriting income…

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Everest posts Q3’26 underwriting loss amid casualty reinsurance reserve strengthening

Global insurer and reinsurer Everest Group recorded a pre-tax underwriting loss of $223 million for Q3 2026, as net adverse prior year reserve development of $253 million, including gross casualty reserve strengthening of approximately $600 million, and catastrophe losses of $277 million, pushed its Reinsurance Treaty segment to an underwriting loss of $191 million. Group-wide,…

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