Everspan to sell its redundant admitted shell company to Falvey Insurance
Everspan Group, a specialty property and casualty insurance platform, has entered into a definitive agreement to sell Providence Washington Insurance Company (PWIC) to Rhode Island-based Falvey Insurance Group. The transaction is expected to increase Everspan’s tangible book value by roughly $11 million. The divestment of the admitted shell company is part of the company’s broader…
Neptune revenue hit record $59.6m in Q3’26
Florida-based flood insurance group, Neptune Insurance Holdings Inc., the parent of Neptune Flood, reported a 34.3%, or $15.2 million year-on-year increase in revenue to a record $59.6 million for the third quarter of 2026, compared to $44.4 million in the comparable prior year quarter. Revenues were driven by continued growth of the renewal portfolio, increased…
FM to provide 10% premium offset against eligible policies for the second year running
FM, a commercial property insurer focused on property protection, engineering and loss prevention, will provide eligible clients with an estimated $855 million through its resilience credit program, marking the second consecutive year that the firm is providing a 10% premium offset. Up from 5% in 2024 and prior years, the 10% premium offset to eligible…
FM offers 10% premium offset against eligible policies for the second year running
FM, a commercial property insurer focused on property protection, engineering and loss prevention, will provide eligible clients with an estimated $855 million through its resilience credit program, marking the second consecutive year that the firm is providing a 10% premium offset. Up from 5% in 2024 and prior years, the 10% premium offset to eligible…
Universal’s Q3’26 revenues rise 9.6% to $439m
Universal Insurance Holdings recorded a 9.6% hike in total revenues to $439 million for the third quarter of 2026, up from $400 million in Q3’25, as total revenues for the first nine months of the year increased by 5.3% to $1.26 billion from $1.19 billion in 2025. The increase in both periods primarily stems from…
Five insurers approved under carbon insurance framework developed by Isometric and Marsh
Isometric, the certifier for the industrial economy, has launched a new insurance framework, co-developed with Marsh, that helps reforestation projects improve their economics by enabling developers to use insurance to reduce their buffer pool contributions. Buffer pools are reserves of carbon removal certificates that projects contribute to as a safeguard against reversals caused by events…
Munich Re raises 2026 profit guidance to €6.6bn on strong preliminary Q3 results
Global reinsurer Munich Re has reported a preliminary net profit of approximately €1.7 billion for Q3 2026, driven by a “very pleasing” operating performance across all business segments, below-average major-loss expenditure in P&C reinsurance, and a strong investment result in reinsurance. The firm described the results as another quarter of strong financial performance, with its…
US life insurers increase AI investments as exposure risks grow, says Moody’s
US life insurers are increasing their financial exposure to artificial intelligence (AI) infrastructure, although these investments continue to account for a relatively small proportion of their overall assets, according to Moody’s Ratings, the credit ratings and financial research provider. The agency has reported that growing investment in data centres, computing equipment and major technology companies…
Pinion names Robert Carlaw as Chief Technical Officer to advance Sarrus platform development
Pinion Insurance, a London-based specialty insurance carrier established in 2026, has appointed Robert Carlaw as Chief Technical Officer (CTO). The appointment comes as the company continues to build its technology infrastructure, expand its underwriting capabilities and develop its proprietary Sarrus platform. The appointment brings more than 20 years of software engineering and digital transformation experience…
Donegal expands partnership with ZestyAI, adding Z-PROPERTY
Donegal Insurance Group has expanded its partnership with ZestyAI, a provider of AI-driven insurance risk analytics, adding Z-PROPERTY™ to deepen its understanding of the properties and exposures across its personal lines portfolio. This builds on their existing partnership, which began in 2025, when Donegal selected ZestyAI’s Roof Age solution to improve its internal data and…
