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Insurance Business

National insurance news for USA insurance professionals. Read American insurance news, analysis, and interviews with leaders in the US insurance industry.

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News

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > insurance-moves-corgi-panamerican-third-wave-relm-axa-xl-burns-and-wilcox-mj-more-589265.aspx

Insurance moves: Corgi, Pan-American, Third Wave, Relm, AXA XL, Burns & Wilcox, MJ, More

3+ day, 18+ hour ago   (958+ words) Corgi has named Erin Gambrel (pictured, center) vice president of financial services, tasked with driving retail investor growth and brand reach for the company's ETF lineup. Gambrel joins from Investing Authority, where she oversaw retail trading campaigns reaching more than…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > rising-liability-estimates-are-reshaping-aviation-insurance-renewals-589321.aspx

Rising liability estimates are reshaping aviation insurance renewals

3+ day, 9+ hour ago   (675+ words) Aviation insurers are recalculating how much a single passenger death could cost them, with higher liability assumptions feeding through into capacity and pricing at airline renewals. According to Nigel Weyman (pictured), global executive - aerospace at Gallagher in London, the shift…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > gibraltar-and-uk-together-account-for-32-insurer-failures-since-2000--pacicc-589282.aspx

Gibraltar and UK together account for 32 insurer failures since 2000 — PACICC

3+ day, 13+ hour ago   (401+ words) The Property and Casualty Insurance Compensation Corporation, Canada's P&C guarantee fund, has published the fourth edition of its Global Failed Insurer Catalogue, recording 1,273 insurer failures worldwide across 98 countries since 2000. The United Kingdom recorded 20 of those failures, placing it 11th globally…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > the-30day-renewal-is-dead--why-brokers-are-starting-earlier-than-ever-589195.aspx

The 30-day renewal is dead — why brokers are starting earlier than ever

4+ day, 9+ hour ago   (721+ words) Some commercial insurance brokers are beginning renewal discussions as much as five months before expiry as persistent casualty pressures raise the stakes around submission quality and carrier engagement. The extended timeline reflects an increasingly divided market. Average US commercial insurance…...

Insurance Business
insurancebusinessmag.com > us > news > property > pandc-industrys-best-half-in-years-hides-a-casualty-problem-589025.aspx

P&C industry's best half in years hides a casualty problem

5+ day, 10+ hour ago   (267+ words) The US property and casualty industry nearly tripled its net underwriting income in the first half of 2026. The result reflects a market where property and casualty lines are moving in sharply different directions. Net underwriting income reached $31.2 billion in the…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > insurance-moves-verve-coalition-sedgwick-588852.aspx

Insurance moves: Verve, Coalition, Sedgwick

6+ day, 12+ hour ago   (194+ words) By Camille Joyce Lisay Three appointments late last week point in different directions but share a common thread: each represents a deliberate expansion of capability rather than a straight replacement hire, whether that is new Lloyd's-backed underwriting capacity in financial…...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > insurer-profits-hit-20year-high--so-why-are-bosses-nervous-588813.aspx

Insurer profits hit 20-year high - so why are bosses nervous?

6+ day, 14+ hour ago   (566+ words) Global property and casualty insurers have just posted their best underwriting result in two decades. Claims and expenses ate up only 88 cents of every premium dollar collected this year, the lowest combined ratio since before the 2008 financial crisis, driven by…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > reinsurers-enter-2027-renewals-with-record-capital-588491.aspx

Reinsurers enter 2027 renewals with record capital

1+ week, 3+ day ago   (382+ words) Reinsurers are heading into the January 2027 renewal season with record capital levels and strong profitability, creating one of the most favorable buyer environments in years, according to Gallagher Re. Speaking at the broker's pre-Monte Carlo press briefing on Tuesday, Gallagher…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > moodys-sees-record-ils-capital-funding-riskier-hardertoplace-perils-588242.aspx

Moody's sees record ILS capital funding riskier, harder-to-place perils

1+ week, 4+ day ago   (617+ words) The insurance-linked securities (ILS) market reached a record $144.5 billion in outstanding capital at the half-year mark of 2026, according to Moody's Ratings, which described the sector as reaffirming its position as "a deep and resilient source of insurance risk capital" even…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > northern-re-crosses-1-billion-in-premium-after-growing-capital-588246.aspx

Northern Re crosses $1 billion in premium after growing capital

1+ week, 4+ day ago   (442+ words) Northern Re has surpassed $1 billion in in-force premium as it closes its fourth underwriting year, according to the New York and Cayman Islands-based reinsurer, which launched on January 1, 2023, focused on high-frequency, low-severity property and casualty portfolios. Since inception, the company…...