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HCI Group, Inc., a Tampa-based insurance holding company, reported gross premium income of $326 million in 1Q26 compared to $300 million in 1Q25 due to an increase in the number of policies in force. Reinsurance ceded premiums for the quarter were $104 million, compared to $100 million in 1Q25, also due to an increase in…
Bermuda-based insurer and reinsurer Hamilton Insurance Group Ltd. has announced that Peter Wilson has been elected to the company’s Board of Directors at the Annual General Meeting. Wilson has more than three decades of leadership experience in the global professional, commercial and professional liability markets. Most recently, he served as CEO of AXIS’ global specialty…
Lincoln Financial reported a net loss to common shareholders of $211 million in the first quarter of 2026, compared with a net loss of $756 million in the same period a year earlier. Adjusted operating income available to common shareholders in the first quarter of ’26 was $326 million, up from $280 million in the…
Sompo Re, the reinsurance arm of global property, casualty and specialty reinsurance provider Sompo Re, has appointed Beatrice Morley as head of London reinsurance. In her new role, Morley will lead Sompo’s underwriting team in London and work closely with regional leadership to coordinate strategy and local execution. She has nearly 28 years of industry…
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…