{ "story_id": "f6625df7423b9e955ff10d38775a35cc", "desk": "drm3", "revision": 1, "published_at": "2026-09-01T13:00:00.000Z", "content_hash": "cc0ca897d0865b221d369575a9c55e42ada6e5f630ad31865a1004243e53116e", "hash_basis": "sha256 over `headline\\ndek\\nprose`, plus `\\n` + the canonical citations JSON when any source is placed, plus `\\n#blog` for blogs", "basis": { "headline": "AM Best: US and Bermuda Reinsurers Post Fifth Year of Underwriting Profit", "dek": "AM Best composite of US and Bermuda reinsurers reported a fifth straight year of underwriting profitability despite a sharp slowdown in premium growth.", "prose": "An AM Best market segment report stated that its composite of seven U.S. and Bermuda reinsurers generated a fifth consecutive year of underwriting profitability in 2025. [^1]\n\nVantage Group Holdings Ltd. announced on 2026-06-25 that Tim Nunziata has joined the company as Head of Cyber Insurance and Global Product Leader. [^2]\n\nGreg Dickerson, director at AM Best, said that the company expects top-line growth for the composite to be similarly muted in 2026, citing accelerating rate decreases in property reinsurance and a slowing of price improvement in U.S. casualty lines. [^3]\n\nThe AM Best report stated that gross premium growth for the composite slowed to less than 1.0% in 2025 from 11.7% in 2024, and that the slowdown indicates underwriting discipline in a softening market. [^4]\n\nThe AM Best report stated that the composite's aggregate net return on equity was 16.8% in both 2024 and 2025. [^5]\n\nMr. Nunziata joins Vantage from Nationwide, where he spent more than 15 years, most recently serving as Vice President, Head of Cyber Risk and Commercial E&O. [^6]\n\nTim Nunziata will report to Alex Blanco, Chief Executive of Insurance, and will own the global cyber product strategy, underwriting guidelines, and portfolio performance for Vantage's Cyber products. [^7]\n\nVantage Group Holdings Ltd. was established in 2020 as a re/insurance partner designed for the future and is backed by the permanent capital of Howard Hughes Holdings Inc. (NYSE: HHH). [^8]", "cited": "[{\"statement\":\"An AM Best market segment report stated that its composite of seven U.S. and Bermuda reinsurers generated a fifth consecutive year of underwriting profitability in 2025.\",\"source\":\"Bernews\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T09:35:09.000Z\",\"publisher_count\":1,\"sources\":[\"Bernews\"]},{\"statement\":\"Vantage Group Holdings Ltd. announced on 2026-06-25 that Tim Nunziata has joined the company as Head of Cyber Insurance and Global Product Leader.\",\"source\":\"Cision PR Newswire\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T13:00:00.000Z\",\"publisher_count\":1,\"sources\":[\"Cision PR Newswire\"]},{\"statement\":\"Greg Dickerson, director at AM Best, said that the company expects top-line growth for the composite to be similarly muted in 2026, citing accelerating rate decreases in property reinsurance and a slowing of price improvement in U.S. casualty lines.\",\"source\":\"Bernews\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T09:35:09.000Z\",\"publisher_count\":1,\"sources\":[\"Bernews\"]},{\"statement\":\"The AM Best report stated that gross premium growth for the composite slowed to less than 1.0% in 2025 from 11.7% in 2024, and that the slowdown indicates underwriting discipline in a softening market.\",\"source\":\"Bernews\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T09:35:09.000Z\",\"publisher_count\":1,\"sources\":[\"Bernews\"]},{\"statement\":\"The AM Best report stated that the composite's aggregate net return on equity was 16.8% in both 2024 and 2025.\",\"source\":\"Bernews\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T09:35:09.000Z\",\"publisher_count\":1,\"sources\":[\"Bernews\"]},{\"statement\":\"Mr. Nunziata joins Vantage from Nationwide, where he spent more than 15 years, most recently serving as Vice President, Head of Cyber Risk and Commercial E&O.\",\"source\":\"Cision PR Newswire\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T13:00:00.000Z\",\"publisher_count\":1,\"sources\":[\"Cision PR Newswire\"]},{\"statement\":\"Tim Nunziata will report to Alex Blanco, Chief Executive of Insurance, and will own the global cyber product strategy, underwriting guidelines, and portfolio performance for Vantage's Cyber products.\",\"source\":\"Cision PR Newswire\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T13:00:00.000Z\",\"publisher_count\":1,\"sources\":[\"Cision PR Newswire\"]},{\"statement\":\"Vantage Group Holdings Ltd. was established in 2020 as a re/insurance partner designed for the future and is backed by the permanent capital of Howard Hughes Holdings Inc. (NYSE: HHH).\",\"source\":\"Cision PR Newswire\",\"instrument\":\"News\",\"claim_key\":null,\"published_at\":\"2026-09-01T13:00:00.000Z\",\"publisher_count\":1,\"sources\":[\"Cision PR Newswire\"]}]", "kind": "news" }, "receipt_verify": "Ed25519 over the dot-joined string `slice_hash.cursor_from.cursor_to.view.view_version.row_count`; public_key and sig are base64url of the raw 32-byte key / 64-byte signature", "receipt": null, "receipt_note": "this revision predates receipt-keeping (before v0.37.0); the filed row lives in the record", "generation_chain": { "wire": { "stream": "fountain_news", "story_id": "a21ead3df06a014c0b8128603206b4e0", "thread_id": "fc5da1e2ff7275944ad6b976d8068471", "thread_label": "AM Best", "novelty": "UPDATE", "content_hash": "506dc409fe17eb79db0b06c54fd02effeefae366727d08da361512194f5883a0", "last_published_at": "2026-09-01T13:00:00.000Z", "read_receipt": { "slice_hash": "4efa45dbddc618a8742f83783a7ff25f1cdbc15e5dd0ffb93a2ee02410224bef", "cursor_from": "eyJ0cyI6IjIwMjYtMDktMDFUMTI6Mjg6MTEuMDAwMDAwWiIsImlkIjoiYjMwZmEyMzU0ZjQ5NTgwMWIwN2E3MTJhZmM5NDU1ZWUiLCJ2IjoiMSJ9", "cursor_to": "eyJ0cyI6IjIwMjYtMDktMDFUMTM6MTU6NDMuMDAwMDAwWiIsImlkIjoiZWQ3YWM5NzJhYmIyODNmNGU4ZGZlYzNkNWE2MjI1MmYiLCJ2IjoiMSJ9", "view": "v_fountain_news", "view_version": "1", "row_count": 100, "window_days": 3, "bytes_scanned": 0, "credits": 8, "price_per_100_rows": 8, "sig": "KqzelBwio7c8mOQ51UMjxdEFdidw7r4k8geHwCC9_PEp9baGS_JTRG9l8qVos3P2Vg1PHV79Eha09sXP-muGAA", "public_key": "bMUigy8O0jOnBxQ4Sc-5lwhIZ8LQVAhxMbR7qESVuUE", "signer_path": "lakehouse/data-extract/v1", "alg": "Ed25519", "signed": true } }, "written_at": "2026-09-02T21:36:28.644Z" }, "cited_facts": [ { "statement": "An AM Best market segment report stated that its composite of seven U.S. and Bermuda reinsurers generated a fifth consecutive year of underwriting profitability in 2025.", "source": "Bernews", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T09:35:09.000Z", "publisher_count": 1, "sources": [ "Bernews" ] }, { "statement": "Vantage Group Holdings Ltd. announced on 2026-06-25 that Tim Nunziata has joined the company as Head of Cyber Insurance and Global Product Leader.", "source": "Cision PR Newswire", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T13:00:00.000Z", "publisher_count": 1, "sources": [ "Cision PR Newswire" ] }, { "statement": "Greg Dickerson, director at AM Best, said that the company expects top-line growth for the composite to be similarly muted in 2026, citing accelerating rate decreases in property reinsurance and a slowing of price improvement in U.S. casualty lines.", "source": "Bernews", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T09:35:09.000Z", "publisher_count": 1, "sources": [ "Bernews" ] }, { "statement": "The AM Best report stated that gross premium growth for the composite slowed to less than 1.0% in 2025 from 11.7% in 2024, and that the slowdown indicates underwriting discipline in a softening market.", "source": "Bernews", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T09:35:09.000Z", "publisher_count": 1, "sources": [ "Bernews" ] }, { "statement": "The AM Best report stated that the composite's aggregate net return on equity was 16.8% in both 2024 and 2025.", "source": "Bernews", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T09:35:09.000Z", "publisher_count": 1, "sources": [ "Bernews" ] }, { "statement": "Mr. Nunziata joins Vantage from Nationwide, where he spent more than 15 years, most recently serving as Vice President, Head of Cyber Risk and Commercial E&O.", "source": "Cision PR Newswire", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T13:00:00.000Z", "publisher_count": 1, "sources": [ "Cision PR Newswire" ] }, { "statement": "Tim Nunziata will report to Alex Blanco, Chief Executive of Insurance, and will own the global cyber product strategy, underwriting guidelines, and portfolio performance for Vantage's Cyber products.", "source": "Cision PR Newswire", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T13:00:00.000Z", "publisher_count": 1, "sources": [ "Cision PR Newswire" ] }, { "statement": "Vantage Group Holdings Ltd. was established in 2020 as a re/insurance partner designed for the future and is backed by the permanent capital of Howard Hughes Holdings Inc. (NYSE: HHH).", "source": "Cision PR Newswire", "instrument": "News", "claim_key": null, "published_at": "2026-09-01T13:00:00.000Z", "publisher_count": 1, "sources": [ "Cision PR Newswire" ] } ], "note": "A signature proves who filed this and that it has not changed since. It never makes a claim true." }