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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 > large-commercial-accounts-see-first-price-drop-since-2017-wtw-finds-589348.aspx

Large commercial accounts see first price drop since 2017, WTW finds

2+ day, 22+ hour ago   (355+ words) Large commercial accounts posted their first price decrease since the end of 2017 in the second quarter of 2026, according to WTW's Commercial Lines Insurance Pricing Survey (CLIPS), as an eight-year run of sustained rate increases continued to unwind across the commercial…...

Insurance Business
insurancebusinessmag.com > us > news > benefits > elevance-holds-loss-ratio-guidance-above-90-as-fall-renewals-near-589338.aspx

Elevance holds loss ratio guidance above 90% as fall renewals near

2+ day, 23+ hour ago   (405+ words) Insurance Business Elevance holds loss ratio guidance above 90% as fall renewals near The carrier's benefit expense ratio reaffirmation signals claims are tracking at the high end of expectations Elevance Health has told investors it is holding its full-year 2026 benefit expense…...

Insurance Business
insurancebusinessmag.com > uk > news > mergers-acquisitions > mnk-group-lands-first-eu-carrier-with-capital-injection-into-etu-589303.aspx

MNK Group lands first EU carrier with capital injection into ETU

3+ day, 59+ min ago   (401+ words) MNK Group has acquired ETU Forsikring A/S, a Danish non-life insurer authorised since 2006. The deal gives the London-based Lloyd's broker its first regulated carrier inside the European Union. Finanstilsynet, the Danish Financial Supervisory Authority, confirmed its approval on September…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > markels-steve-markel-to-retire-as-chairman-after-50-years-589126.aspx

Markel's Steve Markel to retire as chairman after 50 years

4+ day, 1+ hour ago   (461+ words) Markel Group's chairman, Steve Markel (pictured), has informed the board that he will retire from that role and will not seek re-election at the company's 2027 annual shareholder meeting, capping more than 50 years with the specialty insurer. The board has appointed…...

Insurance Business
insurancebusinessmag.com > asia > news > mergers-acquisitions > kuwait-broker-deal-exposes-shrinking-space-for-gcc-independent-589035.aspx

Kuwait broker deal exposes shrinking space for GCC independent

4+ day, 14+ hour ago   (621+ words) An acquisition in Kuwait by a Gallagher-affiliated regional group reflects a pattern that is reshaping who controls insurance distribution across Gulf markets – and what it means to operate independently. ACE Gallagher Holding announced on September 7 the acquisition of United Partners…...

Insurance Business
insurancebusinessmag.com > reinsurance > news > breaking-news > compre-renews-wakam-lpt-as-annual-cycle-mechanism-gets-its-first-test-588873.aspx

Compre renews Wakam LPT as annual cycle mechanism gets its first test

6+ day, 3+ hour ago   (356+ words) Compre Group Holdings has completed the first annual renewal of its renewable loss portfolio transfer agreement with French insurer Wakam S.A. The renewed structure covers €126.5 million of net undiscounted reserves as of December 31, 2025. A further accident year has been added to…...

Insurance Business
insurancebusinessmag.com > uk > news > marine > skulds-strong-h1-results-come-with-a-specific-warning-for-hull-brokers-588854.aspx

Skuld's strong H1 results come with a specific warning for hull brokers

6+ day, 59+ min ago   (274+ words) By Camille Joyce Lisay Skuld has reported a half-year result of USD 47 million for 2026/27, up from USD 36 million a year earlier, with S&P reconfirming its A rating - but chief executive Ståle Hansen paired the announcement with a specific warning…...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > global-loss-adjuster-charles-taylor-names-new-australia-managing-director-588823.aspx

Global loss adjuster Charles Taylor names new Australia managing director

6+ day, 1+ hour ago   (269+ words) Charles Taylor provides loss adjusting services and complex technical claims management to the global insurance market. Its Australian operation adjusts claims across natural resources, heavy industry, onshore energy, mining, power generation and engineering, the lines where claim quantum is largest…...

Insurance Business
insurancebusinessmag.com > asia > news > breaking-news > samsungs-insurers-plot-record-5-8bn-ukus-buying-spree-588421.aspx

Samsung's insurers plot record $5.8bn UK-US buying spree

1+ week, 3+ day ago   (377+ words) Samsung Fire & Marine Insurance and Samsung Life Insurance are in advanced talks on a pair of deals worth up to 8 trillion won – roughly $5.8 billion – that would give one of them outright control of a top-five Lloyd's specialty carrier and make the…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > samsungs-insurers-reportedly-lining-up-a-6-billion-shopping-trip-through-lloyds-and-wall-street-588420.aspx

Samsung's insurers reportedly lining up a $6 billion shopping trip through Lloyd's and Wall Street

1+ week, 3+ day ago   (523+ words) South Korea's two biggest insurance names are reportedly closing in on deals that would hand one of them full control of a well-known Lloyd's specialty carrier and make the other the largest shareholder in a major US retirement group. Nothing…...