Mitsui Sumitomo Insurance acquires a 12.5% stake in W. R. Berkley, marking a strategic minority investment in the US commercial insurance market and enhancing international industry collaboration.
Hildene Capital Management is set to acquire SILAC Insurance Company in a $550 million deal, expanding its management of investment assets and insurance balance sheet capabilities in the U.S. annuity market.
Hildene Capital Management is set to acquire SILAC Inc., an annuity provider with $10B in assets, for $550M. Simultaneously, Jefferies Financial Group purchases a 50% stake in Hildene. Deals expected to close by 2026 pending regulatory approval.
Hamilton Insurance Group sees increased institutional investment and strong earnings, driving positive analyst ratings and market outlook in specialty insurance and reinsurance sectors.
Bangladesh plans to amend its Insurance Corporation Act to liberalize reinsurance, impacting Sadharan Bima Corporation and private insurers amid US trade agreement conditions.
Florida's 2022-2023 insurance reforms have significantly stabilized its P&C market by reducing litigation abuse and attracting reinsurers, according to Insurance Commissioner Mike Yaworsky. The reforms curb assignment-of-benefit abuses and reduce claims litigation, leading to improved market stability and expanded consumer coverage options.
Florida's insurance market shows signs of recovery following 2022-2023 legislative reforms, with reduced litigation and lower rates in property insurance and the preservation of PIP auto insurance.
The Hong Kong high-rise fire at Wang Fuk Court is driving increased insurance claims, higher premiums, and tighter underwriting conditions, impacting China Taiping Insurance's financial outlook.
Everest Group appoints Katy Bradica as chief actuary and Attila Kerényi as chief risk officer to enhance global actuarial and risk management functions, supporting strategic growth.
S&P Global Ratings reports increased underwriting pressure for Hong Kong P&C insurers following the Wang Fuk Court fire. Reinsurance mitigates losses, but risk retention and pricing are under review.
