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At the final public meeting of the Federal Emergency Management Agency (FEMA) review committee yesterday, the panel voted to send a final report and recommendations to the President, emphasizing that greater private market participation is critical for U.S. flood insurance. The Council examined numerous areas for reform of FEMA, as well as the idea of…
Chicago-based insurance company CNA Financial Corporation reported financial results for the first quarter of 2026, with net income of $211 million, down from $274 million in the same period last year. Core revenue for the quarter was $225 million, compared with $281 million in the first quarter of 2025, driven by strong investment income and…
Reinsurance solutions provider Canada Life Reinsurance has promoted Eamon Loughnane to senior vice president (SVP), global markets head of property and casualty. Loughnane will initially lead the company’s property and casualty insurance global markets business in 2025, succeeding Gabriel Kelly, who retires after 33 years of dedicated service. Prior to this appointment, Loughnane successfully led…
American Coast Insurance Company (ACIC), a Florida-based property and casualty insurance holding company, reported a combined ratio of 66% in the first quarter of 2026, essentially unchanged from 65% in the first quarter of 2025. The insurer’s total gross written premiums fell $48.5 million, or 24.5%, from $197.9 million in Q1’26 to $149.4 million in…
Large major carrier Zurich Insurance Group has appointed Wayne Leow as head of commercial insurance in Malaysia, responsible for leading the commercial insurance function and driving growth across multiple business lines and distribution channels in Malaysia. Leow has over 17 years of industry experience, having held senior positions at Chubb, Aon and MSIG Insurance. Most…
Aon, a global professional services firm focused on risk, retirement and health solutions, has released its Global Construction Insurance and Guarantee Market Report 2026Provides an overview of how rapid investment in digital infrastructure and data centers is impacting the global construction insurance market, underwriting methods and risk transfer strategies. Aon said global construction activity continues…
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…