Industry News
Profitable 2025 Masks Challenges for Global Insurers, Says Bain & Company
Global insurance companies had a strong 2025 with improved profitability and premium growth but new research from Bain & Company warns insurers to "enjoy it while you can." "Insurers should enjoy ...
Q2 Net Income at Travelers Soars 46% on Less Catastrophes, Favorable Reserves
Second-quarter 2026 net income at Travelers increased 46% to about $2.2 billion on lower catastrophe losses and favorable prior year reserve development. Catastrophe losses for the quarter, mostly ...
UK Steps Closer to Creating ‘Internationally Competitive’ Captive Market
The UK has lagged behind many of its insurance market competitors in that it does not have a tailored regime to allow the formation of captive insurers, which has led many corporations to establish ...
Executives on the Move at SiriusPoint, Canopius Group, Badger Mutual
SiriusPoint Ltd. announced the appointment of Emily Yoo to the newly created role of chief operating officer, effective August 10, 2026. Yoo, who will be based in New York, will join SiriusPoint's ...
Leadership Change at Vantage: Former Arch Execs Grandisson, Gansberg to be Chair, CEO
Just over a month after Howard Hughes Holdings (HHH) completed its acquisition of Vantage Group Holdings, HHH has announced a leadership transition. Effective immediately, Marc Grandisson, the former ...
Executives on the Move at Arch, Allstate, Everest
Arch Insurance North America announced the appointment of Nora Deveau as chief claims officer, effective August 1. Deveau joined Arch in 2005 and has since held roles of increasing responsibility ...
U.S. P/C Industry Books Best Result in a Decade, but Not All Lines Enjoy Success
The U.S. property/casualty industry posted its best underwriting profit and combined ratio in a decade in 2025, building upon the $1 trillion of total direct premiums written logged the prior year ...
The Hanover Announces CEO Succession Plan; Roche to Retire at End of 2026
The Hanover Insurance Group announced that John C. Roche, president and chief executive officer, plans to retire on December 31, 2026, following a distinguished 40-year career in the insurance ...