Executives on the Move: New Claims Officers at Chubb, RLI
Chubb Limited announced that Kevin Rampe has been named senior vice president, Chubb Group, Global Claims Officer. The appointment is effective immediately. He will also ...
Industry News
Vehicle Customization, Strong Used Car Market Create Headache for Auto Underwriters
The sheer number of vehicles with unique configurations, along with a volatile used car market, is disrupting accurate insurance valuation and cutting into insurer profits, according to a new report ...
Insurer Nationwide Operating Income Up 37% in 2025
Insurer Nationwide finished 2025 with net operating income up 37% compared with 2024, to $4.3 billion as total sales and premiums were up 7% to a record $73.2 billion. The Columbus, Ohio-based mutual ...
U.S. E&S Growth Slows Again; Declining Berkshire Volume Tops Leaders
A recent analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market slowed to 7.8% in 2025, marking the first single-digit growth rate ...
GAO: Wind Risk Linked to Larger Insurance Premium Jumps Than Wildfire
A new report from the Government Accountability Office finds that average premium increases between risk levels are larger for wind than for wildfire. Between 2019 and 2024, homes in areas classified ...
Strong Underwriting, Investment Income Bolster P/C Income in 2025, Says Moody’s
Twenty insurers rated by Moody's reported net income of $69 billion in 2025, up 29% over 2024, as the combined ratio for the group improved in 2025 to 88.4 from 91.7 the prior year. Losses from the ...
U.S. Doubles Hormuz Reinsurance Guarantees to $40 Billion With New Partners
The U.S. is doubling, to $40 billion, its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz with the addition of new insurance partners, including ...
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War
Reinsurance rates continued to soften during the April 1 renewals despite the unstable geopolitical landscape and uncertain economic outlook, according to major reinsurance brokers. "The orderly ...
Hail a Growing Loss Driver on Rising Tide of Severe Convective Storms, Allianz Says
Hailstorms drove record insured damages as severe convective storms are becoming more common and damaging, popping up in new places—and even storms producing small hailstones are posing unforeseen ...