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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…
Specialty insurer Palomar Holdings, Inc. reported gross written premiums (GWP) increased 42.4% to $629.8 million in the first quarter of 2026, compared with $442.2 million in the first quarter of 2025. Net premium income in Q1’26 increased 59.3% to US$261.4 million, compared with US$164 million in Q1 last year. Meanwhile, net written premiums increased 59.8%…
Global insurance and reinsurance group Enstar has agreed to acquire Accident Fund Holdings, Inc. (AF Group) and is “excited” about future opportunities and sees ample room for growth, driven by industry tailwinds. During a recent trip to Bermuda, Reinsurance News spoke with Enstar Managing Director of Mergers and Acquisitions Dan Sanford to discuss the regulatory…
The property and casualty (P&C) insurance industry has reached a “pivotal moment” for artificial intelligence (AI), marked by a widening competitive divide between a small group of “intelligent pioneers” and the rest of the industry, a recent Capgemini report says. According to the 2026 World Property & Casualty Insurance Report, only 10% of businesses in…
ACORD, the global standards-setting organization for the insurance industry, announced the establishment of the ACORD Inter-Association Advisory Committee (IAAC). The organization describes the council as a coalition of North America’s leading property and casualty associations representing independent agents, brokers and intermediaries throughout the distribution chain. ACORD said the initiative aims to enhance digital communications and…