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Credit ratings agency AM Best has assigned MS Transverse’s new excess and surplus (E&S) entity Newhall Specialty Insurance Company (NSIC) a financial strength rating of A+ (senior) and a long-term issuer credit rating of “aa” (senior) with a stable outlook. MS Transverse Insurance Group is a property and casualty insurance company, a subsidiary of Mitsui…

Tokio Marine HCC (TMHCC), a specialty insurance company headquartered in Houston, Texas, announced the appointment of Megann Pfeffer as president of its public risk group, effective immediately, reporting to Matt Overlan, chief executive officer of Tokio Marine HCC – Specialty Group. Pfeffer joined the organization in 2022 as chief operating officer of the public risk…

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…