Industry News
Market Softening Accelerates During 1/1/2026 Re Renewals
Expanded reinsurance capacity resulted in accelerated softening of pricing across many lines during the Jan. 1, 2026 renewals, according to Guy Carpenter, which also indicated a double-digit drop in ...
Concert Group Announces Ownership, Board Changes
Late last week, Concert Group Holdings, Inc. ("Concert"), announced that its shareholders have entered into an agreement for founding shareholder Freedom Underwriters LLC ("Freedom") to purchase all ...
U.S. P/C Posts $35B YTD Underwriting Gain; By-Line Premium Growth Revealed
Earlier this month, AM Best provided its initial tally of year-to-date financial results for U.S. property/casualty insurers, reporting a $34.9 billion net underwriting gain through the first nine ...
Why the Middle Market Matters and How Insurers Can Capture It
Conning puts the size of the total addressable middle market at more than $150 billion, and with no carrier commanding more than a 5 percent share, the segment has become more attractive to insurers. ...
State Farm, USAA and Allstate Leading on AI Patents
Three property/casualty insurers have dominated the industry's artificial intelligence patent activity since 2014. State Farm, USAA and Allstate account for 77 percent of all AI patents by insurers ...
Underwriter, Actuary Fears of AI Drop; Work Needed on Collaboration
You're just about as likely to find a commercial P/C underwriter or actuary who is unconcerned about the increased use of AI in insurance as you are to find one that's afraid of being replaced by AI. ...
Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status
Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to ...
AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir
American International Group (AIG) said it has teamed up with specialty insurer Amwins and asset manager Blackstone to launch a Lloyd's syndicate, using its relationship with Palantir to assist in ...