Industry News
Vantage Group to Be Acquired by Ackman-Backed Howard Hughes Holdings for $2.1B
Vantage Group Holdings Ltd., the privately held specialty re/insurer, has entered into a definitive agreement to be acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The ...
Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather
Apollo Global Management Inc. is building out its risk review process to reflect the impact on asset valuations of extreme weather.
The ...
Poorer Americans Dropped Federal Flood Insurance When Rates Rose
When the US Federal Emergency Management Agency overhauled rates for millions of homeowners in the National Flood Insurance Program (NFIP), in 2021, the goal was to end decades of underpricing and to ...
Zywave Releases Suite of Specialized AI Agents
Insurance technology provider Zywave unveiled an agentic AI strategy and what it calls the industry's first suite of insurance-specialized AI agents. The agents will help insurance companies ...
Insurance Industry ‘Megadeals’ Dominate 2025, Says PwC
"Megadeals" are ruling insurance industry mergers and acquisitions as action remained consistent throughout 2025, with the prospect that the need for growth will drive more deals in 2026. According ...
Executives on the Move at HSB, American Modern Insurance Group, AIG
Munich Re Specialty announced the upcoming retirements of Greg Barats, CEO and President of HSB, and Andreas Kleiner, CEO and President of American Modern Insurance ...
State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order
The National Council of Insurance Legislators have come out against President Donald Trump's executive order last week, seen as a hinderance to state regulation of artificial intelligence. NCOIL ...
McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry
As McKinsey & Co. partners gathered in the consulting giant's birthplace in late October, Bob Sternfels delivered a rallying cry. "We will kick some ass as we start our second century," the ...