Marine Insurers Cancel War Risk Cover as Iran Conflict Escalates
Marine insurers are canceling war risk coverage for vessels and oil shipping rates are set to surge further after the widening Iran conflict left at least three tankers ...
Specialty
Resilience: Cyber Risk Shifts From Disruption to Long-Tail Losses
Cyber attacks are no longer designed solely to cause immediate business disruption. Instead, they are increasingly engineered to inflict sustained financial, regulatory and reputational damage that ...
RLI Now Has ‘A++’ Rating from AM Best
AM Best announced upgrades to the financial strength ratings of the members of RLI Group on Friday, pushing the grades up to A++ (superior) from A+ (superior). The rating upgrades reflect RLI's ...
Nationwide Acquiring Renewal Rights for Surety, Fidelity Biz From Main Street America Insurance
Columbus, Ohio-based Nationwide announced yesterday that it entered into an agreement to acquire the renewal rights for surety and fidelity bonds issued by Main Street America Insurance, a unit of ...
Insurance Groundhogs Warming Up to Market Changes
Spring is not around the corner. It's more than a month away, Punxsutawney Phil predicted on Monday. But what is going to happen to conditions in the property/casualty insurance market? What lines ...
Earnings Wrap-Up: AXIS Expanding Insurance Biz, Shrinking Re Book
Looking for clues about property/casualty insurance carrier profit potential and market conditions for 2026, Carrier Management listened to earnings conference calls for six publicly traded insurers ...
We’re No Longer Pressured to Push for Rate ‘Across the Board,’ Berkley Says
W.R Berkley reported a "flattish" top line but nearly 15% growth in underwriting income for fourth-quarter 2025 this week. The chief executive also signaled a change in the level of rate increases ...
RLI Inks 30th Straight Full-Year Underwriting Profit
"It's too long to be considered a hot streak." That's how the chief executive officer of specialty insurer RLI delivered the news of his company's unbroken 30-year record of underwriting profits on ...
Update: Beazley Rejects Zurich Insurance’s £7.7 Billion Takeover Bid
Beazley Plc has rejected Zurich Insurance Group AG's £7.7 billion ($10.3 billion) takeover approach, the latest twist in the Swiss giant's attempt to acquire the UK specialty insurer. London-listed ...