Category: News

Insured losses from severe convective storms (SCS) are expected to be below average in 2026, according to KCC’s latest U.S. SCS Bulletin catastrophe model. The updated outlook is based on losses in the first six months of the year. Historically, cumulative losses incurred through the end of June accounted for more than 75% of SCS’…

Multi-category, multi-territory managing general agency (MGA) Pen Underwriting has announced the appointment of Kane Bryant as war underwriter within its specialist marine war risk insurance arm, Vessel Protect. Bryant joins the firm from Amphitrite Underwriting, where he specialized in ship hull and war risks. His professional background also includes spells with MS Amlin and Travelers,…

Morningstar DBRS, a global credit rating agency that provides independent credit analysis and ratings in financial markets, has assessed the potential impact of Canada’s 2026 wildfire season on the country’s property and casualty (P&C) insurance industry. While massive wildfires in northwestern Ontario have led to evacuation orders, transportation disruptions and smoke-related air quality issues in…

U.S. insurance company Kemper Corporation announced the appointment of Eric Kappler as executive vice president and president of property and casualty insurance, effective July 30, 2026. Kapler replaces Matthew Hunton, who is leaving the company after seven years. In his new role, Kappler will lead Kemper’s unified property and casualty organization, which includes specialty personal…

Rather than simply limiting growth in soft markets, reinsurers should actively use periods of market weakness to prepare and position themselves for the next hard market, Oxbow Partners said. According to Oxbow research, the most successful reinsurers achieve their best inter-cycle performance by pursuing growth throughout the cycle. After years of superior profitability, peak pricing,…

Santam Syndicate 1918, the Lloyd’s Group subsidiary of Santam Group, Africa’s largest non-life insurance company, has strengthened its underwriting team with the appointment of two experienced London market professionals. The company has hired Neil Smith to build and lead its international automotive business, while Stephen Kiedish joins as a senior underwriter in the real estate…

Specialty insurer RLI Corp. reported gross written premiums (GPW) of $579.7 million in the second quarter of 2026, up 3% from $562.3 million in the same period last year. RLI said the growth in total premiums was driven by its casualty division, which generated $339 million in premiums. Properties generated $199.3 million, while guarantees generated…

Goosehead Insurance, an independent personal insurance agency, has appointed Mark Jones, Jr. as its new chief executive officer (CEO), effective January 1, 2027. Mark Miller will retire on December 31, 2026. Currently, Jones, Jr. serves as Goosehead’s President and Chief Operating Officer. Additionally, following his retirement, Miller will continue to serve on the company’s board…

Evan Greenberg, chairman and chief executive officer (CEO) of global insurance company Chubb, said the company’s artificial intelligence tokens cost only a fraction of the efficiencies and improvements it will gain. During Chubb Limited’s second-quarter 2026 earnings call, Greenberg was asked about how the company balances rising technology deployment costs with its ability to save…

According to the latest Global Insurance Market Index (GIMI) released by Marsh, global commercial insurance rates fell 6% in the second quarter of 2026, the eighth consecutive quarter of decline, driven by ample capacity and fierce competition from insurers across all major product lines. “Insurers’ strong profitability, excess capital, lower reinsurance costs and improving investment…