Industry News
Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access
Sompo Holdings said a wholly owned subsidiary of Sompo International Holdings has an agreement in place to acquire Aspen Insurance Holdings for about $3.5 billion to further its geographical reach ...
TransUnion: Aggressive Shopping Continues for Home, Auto Coverage
More and more consumers are looking for lower prices to protect their investments as the costs of owning both properties and vehicles continue to rise. According to the Q3 2025 Insurance Personal ...
Another HO Insurer, Viceroy, Approved for Florida Market, Regulators Say
Yet another property insurance carrier has been approved to do business in Florida, this one a sister company to Monarch National Insurance, based in Tallahassee. Viceroy Preferred Insurance Co. is ...
‘Big Four’ Reinsurers Maintain Property-Cat Appetite, Despite Signs of Rate Softening
Europe's four largest reinsurers – Swiss Re, Munich Re, Hannover Re and SCOR – are maintaining their appetite for property-catastrophe risks as well as their ambitious profit targets for 2025, ...
Farmers Insurance Data Breach Could Impact More Than a Million Customers
A recently discovered data breach may impact more than one million customers of Farmers Insurance, warned a recent notification to Maine's attorney general. Farmers Insurance Exchange, Farmers Group ...
Litigation Funder’s Plan to Invest in Law Firms Called ‘Bad Policy,’ With Big Impacts
With more states adding or considering restrictions on third-party funding of lawsuits, one of the largest litigation finance firms is now planning to invest directly in some law firms. "We are ...
Reinsurers Have Made Major Structural Changes to Improve Profits. Will Discipline Last?
Reinsurance underwriting remains disciplined, with terms and conditions and attachment points largely intact, despite signs of rate moderation, according to an AM Best market segment report. During ...
$100B-Plus and Growing: Aon Reports on MGA Market
Aon published a report on the MGA market this week, estimating $109.2 billion in direct premiums written by MGAs in 2024, identifying State National as the biggest MGA-dedicated carrier and ...