Vantage Group Holdings Ltd., the privately held specialty re/insurer, has entered into a definitive agreement to be acquired by Howard Hughes Holdings Inc. (HHH) for approximately $2.1 billion. The Vantage deal, which is expected to close in the second quarter of 2026, aims to support the transformation of HHH, a real estate development firm, into … Read more
A plastic label on a single loose wire that blocked the wire from being fully connected caused an electrical blackout that led to the fatal collision of the 984-foot-long containership Dali into Baltimore’s Francis Scott Key Bridge in 2024. Investigators from the National Transportation Safety Board (NTSB) yesterday reported that the loose wire in the … Read more
According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the third quarter 2025 rose by 1.6%, as premium increases in all lines of business were either flat or lower than the last quarter when premiums for all accounts increased 3.7%. “Q3 2025 showed clear … Read more
John Neal’s tenure at American International Group (AIG) is over before it began. The former CEO of Lloyd’s of London and AIG reached a “mutual agreement” that he would not join the company due to “personal circumstances,” according to a brief filing with the U.S. Securities and Exchange Commission. John Neal Neal was slated to … Read more
Forrester Research predicts written cyber insurance premiums will rise 15% in 2026 as new artificial intelligence threats and data demands emerge. In a new report, analysts at the global market research company anticipate the widespread adoption of AI to reverse the cyber market’s recent deceleration. When asked why, Rohit Makhijani, a principal analyst at Forrester, … Read more
Third quarter 2025 underwriting income in American International Group’s (AIG) General Insurance segment increased 81% compared with last year, to $793 million. The unit—North America commercial, International commercial, and global personal—recorded $100 million in catastrophe-related charges in Q3 2025, compared with $417 million for Q3 2024. Net written premiums were down 2% to about $6.4 … Read more
American International Group today said it has a definite agreement to acquire the renewal rights of Everest Group’s retail commercial insurance business. Everest will focus on its reinsurance, global wholesale and specialty insurance businesses. The renewal rights of Everest’s retail commercial business total about $2 billion of aggregate gross premiums written. Peter Zaffino “We expect … Read more
Artificial intelligence (AI) is revolutionizing the insurance business. Insurers recognize and are already taking advantage of the manifold ways in which AI can significantly improve their routine processes, decision-making and risk management. At the same time, some insurers recognize the potential for negative impacts as well. In this Real Solutions piece, we will place the … Read more
Global commercial insurance rates fell, on average, by 4% in the third quarter of 2025, repeating the 4% decline recorded in Q2 2025, according to the latest Global Insurance Market Index published by Marsh, the insurance brokerage business of Marsh McLennan. Q3 marks the fifth consecutive global quarterly decrease following seven years of quarterly increases … Read more
Tropical Storm Melissa began dumping heavy rain on Hispaniola on Tuesday as forecasters warned of a significant flood risk in parts of the Caribbean region later this week. The rains snarled traffic in the Dominican Republic’s capital, Santo Domingo, and at least one traffic light was downed as winds whipped around the city. Games in … Read more