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Allstate Corporation, a U.S. provider of personal property and casualty insurance, estimates catastrophe losses in June 2026 at $563 million, or $445 million after taxes. That’s down from Allstate’s June 2025 estimate of $619 million, or $489 million after tax. Allstate also estimates total catastrophe losses for the second quarter of 2026 at $1.72 billion,…
Diversified holding company Howard Hughes Holdings announced that former Arch Capital Group leaders Marc Grandisson and David Gansberg have been appointed executive chairman and chief executive officer (CEO), respectively, of Vantage Group Holdings. Howard Hughes completed its $2.1 billion acquisition of specialty insurance and reinsurer Vantage in June 2026. Back in April, the company welcomed…
Canopius Group, a global specialty property and casualty insurer and reinsurer, has appointed Melanie Brown as head of US claims, effective August 3, 2026. In her new role, Brown will report to incoming Canopius Group Chief Claims Officer Steve Parry. She will lead the reinsurer’s U.S. claims function, ensuring high-quality results for policyholders and brokers…
Willis, a WTW company, and its embedded insurance infrastructure partner Kayna have partnered with Kwant to launch digital insurance program KwantSure. KwantSure will be embedded directly into Kwant’s workforce management platform, allowing subcontractors to obtain the insurance coverage they need to maintain project compliance. This functionality is integrated into the platform used by general contractors…
Bermuda-based specialty reinsurer Vantage Group Holdings Ltd. reported strong financial results for the year ended Dec. 31, 2025, with net profit more than doubling to $201.7 million from $100.5 million in 2024. This significant improvement in net profit was driven by strong growth in premiums, which jumped 29.8% from US$798 million in 2024 to US$1.04…
AM Best raised the financial strength rating of the People’s Insurance Company of China (Hong Kong) Limited (PCC Hong Kong) from A- (Excellent) to A (Excellent) and the long-term issuer credit rating from “a-” (Excellent) to “a” (Excellent), citing the company’s continued improvement in business scale, increasing market position and significant development in the quality…
Bermuda-based reinsurer PartnerRe has announced the appointment of Ankur Gupta as Chief Executive Officer (CEO) of its India operations. Gupta has over 20 years of industry experience in reinsurance, primary insurance and brokerage. He joins PartnerRe after nine years with Munich Re, most recently as Head of Account Management at Munich Re India. Prior to…
HSB (UK & Ireland), provider of specialist engineering and technical insurance and inspection services, announces the appointment of Mathilda Götz as Strategy and Value Proposition Director. In her new role, Götz will lead HSB’s enterprise-wide strategy and proposal development, overseeing its engineering inspection, insurance and construction warranty businesses. She will work with organizational leaders to…
Mereo Insurance Limited has joined the Bermuda Association of Insurers and Reinsurers (ABIR) as its newest full member. Founded in 1993, ABIR represents Bermuda’s leading commercial insurers and reinsurers, and its member companies are among the island’s largest economic contributors, supporting thousands of jobs, investing in local talent development, working extensively with Bermuda charities and…
Risk advisory, insurance broking and reinsurance services company Marsh welcomes the recently announced consultation by the Financial Conduct Authority and the Prudential Regulation Authority on the introduction of a UK captive insurance regime. “This consultation is an important milestone for the UK insurance market and, if conducted in a competitive and proportionate manner, could strengthen…