Velocity completes sale of VSIC to FM

Share!

Reinsurance News - May 06, 2025

FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC (VRU). The transaction follows the earlier sale of VR...

Read Full Article

Recommended Articles

Japan remains an attractive, diversifying market for reinsurers despite further softening at April 1: Gallagher Re’s Sherriff

Posted: Apr 01, 2026

Japan continues to be an attractive, diversifying market from a reinsurance standpoint, said George...

Read Article

Reinsurers’ ROEs to exceed their cost of capital in 2026: Aon

Posted: Apr 01, 2026

Reinsurers achieved an average return on equity (ROE) of 17%, marking a third straight year of stron...

Read Article

Jan 1 themes persist at April renewals as property cat rate decreases accelerate: Gallagher Re

Posted: Apr 01, 2026

January 1 renewal trends persisted at the Japan-focused April 1 reinsurance renewals, with Gallagher...

Read Article