4 articles
Palomar Holdings projects 20-30% annual net underwriting income growth, driven by 44% premium increases and strategic expansion in crop, earthquake, and surety lines. The specialty insurer doubled crop premiums to $120 million and acquired Gray Casualty to strengthen its surety platform, targeting $500 million in crop business over the intermediate term.
American Coastal's new E&S carrier ACES Specialty Insurance Company plans to launch with $30 million policyholder surplus to write commercial property risks in Florida, Texas, and South Carolina. The capitalization level raises questions about loss absorption capacity as reinsurance costs climb and catastrophe bond pricing remains elevated.
Major insurers report strong 2025 results with Loews Corporation's book value up 14% year-over-year and Brookfield Wealth Solutions holding $35 billion cash reserves. OP Pohjola projects 2026 operating profit will remain at "good levels" but fall below 2025 performance, signaling a maturing earnings cycle. Fairfax Financial launched a C$650 million senior notes offering to refinance debt and pursue acquisitions.
Brookfield Wealth Solutions holds $35B in liquid assets for policyholder protection while Loews Corporation's book value per share jumped 14% to $90.71 in 2025. However, pricing competition in large corporate insurance segments and UK markets is squeezing margins and complicating profitable growth strategies for 2026.