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Mac Armstrong, CEO of US specialty insurer Palomar Holdings, which specializes in property and casualty insurance, said the company’s 2026 reinsurance renewals provide stronger economic conditions for the property and casualty business, while the company also added catastrophe protection through its latest Torrey Pines Re bond issuance. During this quarter, Palomar reports continued growth in…
Some 76% of reinsurers will achieve double-digit capital growth in 2025, according to Gallagher Re’s 2025 Reinsurance Market Report, underscoring another strong year of balance sheet expansion for the industry. According to previous reports, Gallagher Re predicts that global reinsurance dedicated capital will reach a record US$648 billion in 2025, an increase of 11% from…
Heritage Insurance Holdings, Inc., a supra-regional property and casualty insurance holding company, reported its most profitable first quarter on record, with net income of $36.5 million in 1Q26, an increase of 19.7% from $30.5 million in the same period last year. The company attributed the increase in net income to higher investment income and lower…
Aon, a global professional services firm specializing in risk, retirement and health solutions, outlines how ongoing conflict in the Middle East continues to impact insurance markets, supply chains, political risk and workforce planning for businesses operating internationally. In a May 7 webinar hosted by Aon titled Middle East Conflict: Key Developments and Practical Considerationsthe company’s…
ALPS Insurance, a U.S. specialty insurance company focused on providing professional liability coverage to legal professionals and law firms, has entered into a definitive agreement to acquire Ohio Bar Liability Insurance Company, a provider of legal malpractice insurance to attorneys, the company confirmed with the Ohio State Bar Association, the professional body representing Ohio attorneys….
Brandan Holmes, senior credit officer at Moody’s, said one of the key challenges facing the insurance and reinsurance industry is managing, assessing and pricing data center risk, noting that historical data is limited and modeling is complex due to a variety of unique engineering and risk factors. During Moody’s Ratings’ virtual media briefing, Holmes emphasized…
Howden Re, the reinsurance arm of global brokerage group Howden, has appointed Tim Radford as managing director and head of Lloyd’s Capital, part of the company’s capital solutions platform. The reinsurance broker said the appointment strengthens its leadership in market capital and investor engagement at Lloyds. In his role, Redford will play a key role…
SEADRIF Insurance Company and the United Nations World Food Program (WFP) have launched a parametric insurance policy in Lao People’s Democratic Republic, providing up to $1.1 million in pre-arranged financing to provide timely support to communities affected by extreme weather events and other natural disasters. The policy brings together government, humanitarian and disaster risk financing…
New England Asset Management (NEAM Limited), a leading asset management company specializing in investment solutions for insurance and reinsurance companies, has appointed Giri Singh as head of European business development for its London branch. The company said the appointment was part of its ongoing efforts to expand its insurance asset management business in the UK…
WTW’s risk advisory and insurance brokerage arm Willis has released its latest Insurance Market Reality Reportexamines how geopolitical tensions and the continued expansion of digital infrastructure are impacting the global insurance industry. Willis said in the report that political risk is becoming a broader concern in the international market, and its impact extends beyond individual…