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Andreas Berger, CEO of global reinsurer Swiss Re, said he expected mid-year reinsurance renewals to see similar trends to January and April, with strong demand and continued pricing pressure, while stressing that Swiss Re would continue to focus on portfolio quality rather than quantity. During Swiss Re’s first quarter 2026 results conference call, Berger emphasized…
Radian Group Inc. reported first-quarter 2026 results with adjusted pretax operating income of $40 million for its specialty segment, reflecting operations following the completion of the Inigo acquisition earlier this year. As we reported, Radian in February completed its $1.67 billion acquisition of Inigo, a specialty insurance group underwritten through Lloyd’s of London. At the…
Liberty Mutual Insurance reported net profit of $2.05 billion in the first quarter of 2026, more than double the $1.03 billion in the same period a year earlier, with a significant decline in catastrophe losses driving significant improvements in underwriting and operating profitability. In the first quarter of 2026, the insurance company’s consolidated net profit…
In a recent interview with Reinsurance News, Andrew Johnston, author of the InsurTech Quarterly report series and global head of insurtech at reinsurance broker Gallagher Re, discussed how investment trends, artificial intelligence and emerging liability risks are reshaping the insurance and reinsurance markets. First, Johnston highlighted a clear shift in funding patterns compared to recent…
Property and casualty insurer Mercury General Corporation reported first-quarter 2026 net income of $190.4 million, compared with a net loss of $108.3 million a year earlier. In 1Q26, operating income increased to $194 million, compared with a loss of $126.8 million in 1Q25. Direct written premiums increased 8.8%, from $1.45 billion to $1.57 billion. Net…
Bermuda-based reinsurer RenaissanceRe Holdings Ltd. (RenRe) has announced the appointment of Henry Klehm as Non-Executive Chairman of its Board of Directors. Klehm succeeds James L. Gibbons, who will continue to serve as an independent director and a member of the Audit Committee. Stephen C. Hooley was also elected as an independent director, succeeding David C….
White Mountains announced first-quarter 2026 results for its property and casualty reinsurance unit Ark/WM Outrigger, which reported gross written premiums (GWP) of $1.091 billion and a combined ratio of 91%. GWP for Q1 2026 declined slightly compared to $1.108 billion for Q1 2025, while the combined ratio for the quarter improved from the 97% reported…
Everest Group, Ltd., an underwriting organization specializing in reinsurance and specialty insurance solutions, announced the appointment of Lisa Davis as head of wholesale and specialty insurance, North America. In his new role at Everest, Davis will be responsible for the company’s North American wholesale and specialty businesses, including underwriting guidance, distribution oversight and portfolio management…
Kin Insurance, a direct-to-consumer digital home insurance company focused on insuring areas at risk from severe weather, has completed its largest catastrophe bond transaction to date. The agreement, arranged by Hestia Re Ltd. (Series 2026-1), involves four separate bonds totaling $335 million and is designed to provide homeowners with long-term financial protection in the event…
Global insurance consulting and technology company WTW found that professional insurance rates fell throughout 2025 and continued to fall at renewal on January 1, 2026, falling more than insurers and brokers had previously expected. The findings come from WTW’s Specialty Insurance Market Survey (SIMS), which the company uses to track pricing movements in the global…