S&P Global Ratings maintains a stable view of the global reinsurance sector. Reinsurers entered the 2026 hurricane season from a position of strength, supported by record-high capital adequacy and strong year-to-date operating performance. Even so, near-term headwinds are emerging. Abundant …
King Risk Partners announced the acquisition of Conover Beyer Associates Insurance, an independent insurance agency based in Manasquan, New Jersey. Founded in 1882, Conover Beyer Associates is a family and veteran-owned agency offering business and personal insurance, employee benefits, commercial …
Ciak Joins Guy Carpenter’s Healthcare Team from BMS Group Jessica Ciak joined the healthcare segment Guy Carpenter as the firm’s as a senior vice president, focusing on the U.S. medical professional liability sector. Based in Minneapolis, Minnesota, Ciak reports to …
South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50% stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday. Samsung Fire and Marine Insurance Co. and …
Since countries signed onto the 2015 Paris Agreement, the United Nations has regularly reported on the world’s progress at limiting global warming to 1.5C above pre-industrial levels. A landmark UN report published today brings an end to that era — …
Silva to Succeed Retiring Welch as Amica SVP and Chief Claims Officer Amica Mutual Insurance Co., headquartered in Lincoln, Rhode Island, announced that Sean Welch, senior vice president and chief claims officer, will retire at the end of the year …
Lloyd’s of London reported an improved first-half combined ratio of 90.8%, (H1 2025: 92.5%), which drove an underwriting profit of £1.9 billion (US$2.6 billion), compared with £1.5 billion (US$2.0 billion) in H1 2025. The major claims ratio improved to 6.8% …
A judge in Washington on Wednesday blocked the U.S. Environmental Protection Agency from sending landmark California vehicle emissions rules for a potential repeal to the Republican-controlled Congress. The four waivers sent by the EPA to Congress for review granted California …
Berkshire Hathaway CEO Greg Abel said on Wednesday he sees significant opportunities for the conglomerate from the buildout of AI data centers, after Berkshire made Alphabet its third-largest common stock holding. Abel separately said American consumers remain under stress from …
Average homeowner insurance rates in Florida did not decline in 2025, but they increased less than 1%, down sharply from the double-digit average increases seen in 2022 and 2023. And auto insurance rates in the state did fall—by 4.1% last …