Florida’s Citizens Insurance Announces Major Home Premium Reductions
Citizens Insurance plans major premium cuts for 500,000 Florida homeowners, signaling shifts in the state’s home insurance market and regulatory oversight.
State Farm Approved for 5.9% Auto Insurance Rate Reduction in Louisiana
State Farm gains approval for a 5.9% average personal auto insurance rate decrease in Louisiana due to lower physical damage claims, impacting over 1 million policyholders.
Radian Group to Acquire Specialty Insurer Inigo Limited, Expanding Market Reach
Radian Group obtains regulatory clearance to acquire specialty insurer Inigo Limited, doubling revenue and expanding beyond mortgage insurance. The deal enhances capital allocation and leverages data-driven underwriting.
Westfield Specialty Expands Beyond Lloyd's with New Luxembourg Subsidiary
Westfield Specialty plans to expand from Lloyd's-only underwriting to the company market with a new Luxembourg subsidiary, aiming for sustainable growth and increased specialty insurance capacity.
Florida’s Citizens Property Insurance Proposes 2.6% Rate Cuts for 2026
Citizens Property Insurance recommends 2.6% average rate decrease for 2026 in Florida, driven by litigation reforms and depopulation efforts. Significant savings expected in South Florida.
Ageas to Acquire Full Ownership of Belgian AG Insurance in €1.9bn Deal
Ageas agrees to acquire remaining 25% stake in AG Insurance from BNP Paribas Fortis for €1.9bn, gaining full ownership and renewing bancassurance partnership. Completion expected Q2 2026.
Heritage Insurance Receives Florida Rate Cut Approval, Easing Premiums
Heritage Property & Casualty Insurance secures approval for average 3.3% rate reduction in Florida, reflecting impacts of recent state insurance reforms.
Skyward Specialty Clears Regulatory Steps to Acquire Lloyd's Apollo in Early 2026
Skyward Specialty Insurance Group is set to complete acquisition of Lloyd's Apollo syndicate after securing regulatory approvals, aiming for early 2026 closing. This strategic move expands Skyward's specialty insurance capabilities and underscores consolidation trends in the sector.
AI Model Z-WATER™ Approved for Non-Weather Water Risk in Homeowners Insurance
ZestyAI's AI-driven Z-WATER™ model gains regulatory approval in five states, enabling insurers to better manage and price non-weather water risks, the fourth-costliest peril in homeowners insurance.
Skyward Specialty Acquires Apollo Group, Projects Robust 2026 Financials
Skyward Specialty Insurance Group has secured regulatory and shareholder approvals to acquire Lloyd's specialist Apollo Group Holdings for $555 million. The transaction, expected to close in Q1 2026, supports strong financial guidance for 2026 including gross written premiums up to $2.8B and a combined ratio near 91%.