Annuity market doubles in five years driven by demographic trends and favorable interest rates.

US annuity sales hit a new high in 2025, reaching $461.3 billion—a 6% increase from the previous year. This marks the fourth year in a row of record-breaking sales, driven largely by retiring baby boomers and worries about outliving their savings. According to LIMRA, a group that tracks insurance industry data, fourth-quarter annuity sales jumped … Read more

Personnel Updates: Cicchelli Joins World Insurance; James River Welcomes Arch; Markel Expands Team

John Cicchelli has been named the new head of the employee benefits practice at World Insurance Associates LLC. He will be based at the company’s headquarters in Iselin, New Jersey. Cicchelli will lead efforts to grow the business, focusing on expanding markets and developing new products across North America. Cicchelli brings three decades of experience … Read more

Real estate insurance declines sharply, while liability lines remain steady – Lockton

The real estate insurance market is showing signs of easing, offering a rare chance for buyers to score better deals. Brokers say the property and hospitality insurance sectors are becoming more competitive, leading to softer prices, though liability insurance remains a tough area. Lockton’s update from February 2026 highlights increasing competition among insurers, especially in … Read more

Hagerty’s profit jumps 91% due to improved loss ratio.

Hagerty Inc. shared its financial results for 2025, revealing a year of strong growth and record achievements. The specialty vehicle insurer saw its total revenue rise 17% to $1.46 billion, while net income nearly doubled, jumping 91% to $149 million. This growth was fueled by a surge in new members and expanding business lines. The … Read more