Prudential Financial Inc. has set a new course for its future with a strategic reinsurance transaction and a decisive leadership transition, actions designed to enhance the company’s growth trajectory and capitalize on capital efficiency. The company recently inked a substantial reinsurance deal w
Highstreet Insurance Partners has recently announced the acquisition of Collum Insurance Group, LLC, a well-established personal lines insurance company based in Richardson, Texas. This strategic move is set to significantly enhance Highstreet’s presence in the Gulf Region, managed under the l
As European insurers brace for a challenging year ahead, they must navigate a complex landscape marked by falling yields, moderating premium rates, and rising geopolitical risks. Despite these hurdles, the sector's core financial health remains robust, positioning it well to maintain stability
The recent announcement from Horace Mann Educators Corporation introduces a new chapter of strategic growth as the company extends its financial and insurance services to the state of New Jersey, marking a significant milestone in its mission to serve the educational community. With prior
The commercial insurance market in the United States has been experiencing a steady increase in rates, a trend that has persisted since the end of the COVID-19 pandemic. According to Willis Towers Watson's (WTW) Commercial Lines Insurance Pricing Survey (CLIPS), the overall average price
The global homeowners insurance market is set to undergo significant expansion, with projected growth estimating a market size of US$366.8 billion by 2030, up from US$240.5 billion in 2023. This accelerated expansion, driven by technological advancements, shifting consumer behavior, and increasing
