INSURASALES

Tag: Property and Casualty

Westfield Sells Banking Unit to Focus on Core P&C Insurance and Specialty Growth

Westfield sells Westfield Bancorp to First Financial Bancorp for $325M, focusing on expanding its core P&C and specialty insurance businesses. Regulatory approval expected by Q4 2025.

Kingstone Boosts Catastrophe Reinsurance Limit by 57% for 2025/2026

Kingstone Companies increases 2025/2026 catastrophe reinsurance limit by 57%, incorporating a $125 million cat bond under Rule 144A, optimizing coverage cost and supporting growth.

Kingstone Increases Catastrophe Reinsurance Limit by 57% for 2025-2026

Kingstone Companies finalizes 2025-2026 catastrophe reinsurance program, raising limits by 57% and lowering costs, enhancing risk coverage and financial performance.

Mercury Insurance Taps Steve Bennett to Lead Climate Risk Science Team

Mercury Insurance appoints Steve Bennett to lead a new team focusing on climate-driven catastrophe risk mitigation, advancing resilience and coverage in high-risk property and casualty markets.

Mercury Insurance Expands Climate Science Team to Enhance Catastrophe Risk Strategy

Mercury Insurance appoints Steve Bennett to lead a climate science team, enhancing risk mitigation and underwriting in high-risk property and casualty markets.

Mercury Insurance Fortifies Risk Mitigation Team Amid Growing Climate Risks

Mercury Insurance appoints Steve Bennett to lead climate and catastrophe science efforts, focusing on risk mitigation strategies to sustain property and casualty insurance in high-risk areas affected by extreme weather events.

Mercury Insurance Names Steve Bennett to Lead Climate Risk Mitigation Strategy

Mercury Insurance appoints Steve Bennett as Senior Director to enhance risk mitigation and resilience in high-risk property and casualty insurance markets impacted by climate-driven catastrophes.

Ategrity Specialty Holdings Files IPO to Expand Specialty Insurance Capitalization

Ategrity Specialty Holdings initiates IPO priced $14-$16 per share to bolster capital and expand specialty P&C insurance operations, reporting strong net income growth for 2024.

HCI Group Expands Catastrophe Reinsurance Program for 2025-2026 Treaty Year

HCI Group finalizes expanded catastrophe reinsurance program for 2025-2026 treaty year with over $3.5 billion coverage across three towers, supporting Florida and national insurance policies.

United Fire Group Elects Three Directors to Board for 2025-2028 Term

United Fire Group completes 2025 shareholder vote, electing three directors to its board for the 2025-2028 term, ensuring strong governance in the property and casualty insurance market.