Fairfax Financial Holdings Limited reported 2026 second-quarter net earnings attributable to shareholders of US$1.39 billion, slightly below a year earlier. Its property and casualty insurance and reinsurance combined ratio improved to 93.1%, even as pricing came under pressure in the UK market. Premium growth slowed across the group, with net premiums written up 2.4% to US$7.34 billion.

American Family Mutual Insurance Company said it will acquire all remaining shares of Bowhead Specialty in a $1.2 billion all-cash transaction, offering $34.00 per share. The offer represents an 11% premium to Bowhead’s closing price on July 31, 2026. American Family has been a strategic shareholder since 2020 and owned about 14.3% of Bowhead ahead of the deal.