Since 2022, more than 10 new insurers have entered Florida’s homeowners insurance market, a trend driven by recent legislative changes aimed at reducing litigation and fraud. Among the new entrants is Mangrove Property Insurance, Tailrow Insurance, Mainsail Insurance and Orange Insurance Exchange.
Insurance revenue rose 11% to €48.1 billion, while operating profit (EBIT) increased to €4.9 billion from €3.1 billion in the previous year. Net income grew by 25% to €1.98 billion, exceeding the company’s original 2025 target ahead of schedule. Return on equity reached 17.9%, up from 16.6% in the year prior. Source link
The prospective capital injection would be structured as preferred equity, sources said, with final terms yet to be agreed. The deal, if concluded, would allow BDT & MSD Partners— which previously led a US$3 billion senior preferred stock investment in Acrisure in 2021— to partially redeem its existing position in the company. Source link
Life and specialty insurance follow Lastly, the life and specialty insurance segments fell 15.7% and 12.4%, respectively, in the first five days following the tariff announcement, according to Yahoo Finance data. Despite both sectors seeing momentary spikes upwards, they remain 15.7% and 12% below pre-tariff levels, respectively. Source link
Esparza brings more than 30 years of insurance industry experience, with a background in business development, direct-to-consumer sales, and marketing innovation. In his new role, he will oversee regional operations and lead initiatives aimed at increasing ALKEME’s market share and strengthening its presence in key growth markets. Source link
Before that final payment, however, K&B reached a separate settlement with Moving & Storage’s insurer, Selective Insurance Company of America. On November 16, 2020, Selective paid K&B $92,424.24 in exchange for a general release. The agreement released both Selective and Moving & Storage from “any and all claims that may be submitted by another insurance…
