Leesburg, Fla., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Dr. George J. Hagerty, president of Beacon College, announced today that he will retire at the conclusion of the 2026–27 academic year, which will mark the end of a transformative 13-year tenure defined by record enrollment, major campus improvements, strengthened academics and significant fundraising success. “Serving as Beacon’s president has been one of the great honors of my professional life,” Hagerty said. “Every day, I have been inspired by the resili ...

Core Insights - The inaugural Broad Arrow Global Icons online auction series achieved total sales of €18.3 million with a sell-through rate of 90 percent, attracting nearly 800 registered bidders from 35 countries [1][3][14] - The highlight of the auction was the sale of Michael Schumacher's 1992 Benetton B192 Formula One car for €5.082 million, marking its first public sale [2][8] - Other notable sales included a 1971 Lamborghini Miura P400 S for €1.716 million and a 2003 Ferrari 360 Challenge Stradale, which set a European auction record for the model at €561,000 [5][6][21] Auction Performance - The auction series consisted of three parts: Global Icons: Europe Online, Global Icons: UK Online, and Global Icons: Memorabilia Online, with the latter featuring over 100 exclusive items [1][11] - The online platform facilitated global participation, allowing collectors to bid on iconic cars and memorabilia from prestigious locations [3][14] - The auction series is seen as a successful start to the 2026 European collector car auction calendar, with future events planned [14][18] Notable Sales - The 2003 Ferrari 360 Challenge Stradale achieved a sale price of €561,000, exceeding its upper estimate [3] - A 1964 ASA 1000 GT Berlinetta sold for €79,750, while a 1990 Ferrari Mondial t Cabriolet sold for €99,000, exceeding its high auction estimate by 52 percent [4][6] - The memorabilia auction featured a replica of Ayrton Senna's 1988 McLaren helmet, which sold for €55,625, and a rear wheel from Senna's 1990 McLaren, which sold for €33,750 [11][12]

Core Insights - Broad Arrow Auctions, a Hagerty company, successfully conducted its Global Icons: Online auction series, generating over €18.3 million with 90% of lots sold, attracting nearly 800 bidders from 35 countries [1][11] Auction Highlights - The standout item was the 1992 Benetton B192-05, sold for €5.082 million, marking its first public sale [2][3] - A 2003 Ferrari 360 Challenge Stradale set a European auction record for the model, selling for €561,000, exceeding its upper estimate [3] - Other notable sales included a 1971 Lamborghini Miura P400 S for €1.716 million and a 1986 Lamborghini Countach 5000 QV for €792,000 [5][17] Memorabilia Sales - The memorabilia auction featured items related to Ayrton Senna, with a replica helmet selling for €55,625 and a rear wheel from his 1990 McLaren selling for €33,750 [8][9] Future Events - Following the success of the Global Icons: Online auction series, the company is preparing for The Amelia Auction on March 6-7, 2026, and the next European auction in May at Concorso d'Eleganza Villa d'Este [11]

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Hagerty, Inc. (HGTY) , which belongs to the Zacks Insurance - Property and Casualty industry, could be a great candidate to consider.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 31.31%.For the last reported quarter, Hagerty came ...

Core Insights - Kenneth Ahn, President of Hagerty Marketplace, sold 50,000 shares of Hagerty, Inc. for approximately $620,500, which was part of a pre-planned trading strategy [1][6] - The company reported a record net income of $20.85 million in Q3 2025, marking a 327% year-over-year increase [7] - Hagerty's stock price increased by approximately 38% in 2025, indicating strong market performance [10] Transaction Summary - The transaction involved the sale of 50,000 shares at a value of $620,500, with a post-transaction direct ownership of 113,593 shares valued at $1.42 million [2] - The sale was executed under a Rule 10b5-1 trading plan, indicating it was pre-scheduled and not a discretionary decision [6] Company Overview - Hagerty is a specialty insurance and automotive lifestyle company, generating revenue primarily through insurance premiums, subscriptions, event fees, and ancillary services [5] - The company reported a total revenue of $1.36 billion and a net income of $33.32 million for the trailing twelve months [4] Unique Business Model - Hagerty differentiates itself from typical insurance companies by offering unique insurance policies for luxury vehicles and providing a subscription service, Hagerty Drivers Club, which includes various member benefits [8] Ownership Impact - The sale of shares eliminated all of Ahn's indirect equity exposure in Hagerty while maintaining his direct holdings [9] - The shares sold were previously held as Released Units of The Hagerty Group, LLC, which were converted into Class A Common Stock [9]

"The winning 1938 Alfa Romeo 8C 2900B represents the pinnacle of prewar performance engineering," said Christian Philippsen, co-founder of The Peninsula Classics Best of the Best Award. "It served as the fastest and most exclusive Italian automobile of its era, and we could not be more thrilled to recognise it as the best of the best." The Amelia Concours returns March 5–8, 2026, to Amelia Island, Florida. The event will feature Saturday's Concours d'Elegance and RADwood, Sunday's Cars & Caffeine, a 2-day B ...

Core Viewpoint - Broad Arrow Auctions, a Hagerty company, is set to showcase prestigious collector cars during the Global Icons Online Auction series and the Concorso d'Eleganza Villa d'Este Auction at iconic locations in Paris during Rétromobile car week [1][3]. Auction Details - The preview event will take place at Roland-Garros Stadium, featuring a selection of cars from the Global Icons: Europe Online Auction and memorabilia from motorsport history [2][3]. - The auction will include notable cars such as the Benetton B192-05, estimated at over €8,500,000, and a 1967 Ferrari 275 GTS, estimated between €1,400,000 and €1,500,000 [3][4]. Featured Cars - The auction will present a variety of iconic vehicles, including a 1976 Mercedes-Benz 450 SEL 6.9 and a 2003 Ferrari 360 Challenge Stradale [4]. - A pre-war Type 18 Bugatti known as 'Black Bess', once owned by aviation pioneer Roland Garros, will be displayed, highlighting its historical significance as one of the first street-legal super sports cars [5]. Upcoming Auctions - The Concorso d'Eleganza Villa d'Este auction in May 2026 will feature exceptional models such as the 1929 Bugatti Type 43 Roadster, estimated between €2,500,000 and €3,500,000, and the 1926 Bugatti Type 37 Grand Prix, estimated between €1,000,000 and €1,300,000 [6][7]. - The display at Rétromobile will also include a 1990 Ferrari F40 and a 1971 Lamborghini Miura P400 S, estimated between €1,600,000 and €1,800,000 [9]. Event Schedule - Rétromobile will occur from January 28 to February 1, 2026, with a VIP preview on January 27. The Roland-Garros preview will run from January 27 to January 30, with a VIP Opening Brunch on January 27 [11][12]. Company Background - Broad Arrow Auctions, established in 2021, is recognized as a leading global collector car auction house, expanding its presence in Europe and hosting flagship events in collaboration with prestigious partners [15].

Industry Overview - The Zacks Property and Casualty Insurance (P&C) industry is experiencing softer pricing after years of improvement, but is expected to benefit from prudent underwriting, exposure growth, and accelerated digitalization [1] - The industry includes companies providing commercial and personal property insurance, casualty insurance products, and services, with premiums being the primary revenue source [3] - The industry is currently ranked 173 in the Zacks Industry Rank, placing it in the bottom 29% of over 250 Zacks industries, indicating weak prospects in the near term [8][9] Trends and Challenges - Global commercial insurance rates fell by 4% in Q3, marking a decline after seven years of rising rates, with personal auto insurance expected to perform strongly due to improved investment returns and reduced claims [4] - The property and casualty insurance industry is vulnerable to catastrophe events, which can negatively impact underwriting profits, with estimated insured losses from natural catastrophes reaching approximately $107 billion by 2025 [5] - Increased adoption of technology, including blockchain and AI, is transforming the industry, although it also introduces cyber threats [7] Company Insights - **Skyward Specialty Insurance Group, Inc. (SKWD)**: Focuses on complex, underserved risk segments and is well-positioned for growth, with a consensus estimate for 2026 earnings suggesting a 29.4% year-over-year growth [17][18] - **Cincinnati Financial Corporation (CINF)**: Continues to grow through better pricing and strong renewal rates, with a consensus estimate for 2026 earnings indicating a 16.2% year-over-year growth [21][22] - **Hagerty Inc. (HGTY)**: A specialty insurer with a diversified model, expected to achieve 17.6% year-over-year growth in 2026 earnings [24][25] - **Chubb Limited (CB)**: One of the largest P&C insurers, focusing on middle-market businesses and cyber insurance, with a consensus estimate for 2026 earnings suggesting an 8.9% year-over-year growth [27][28] - **The Travelers Companies (TRV)**: A leading writer of auto and homeowners' insurance, expected to see a 6.9% year-over-year increase in 2026 earnings [30][32] Financial Performance - The Property and Casualty Insurance industry has underperformed compared to its sector and the S&P 500, with a collective stock increase of 6.9% versus 16.8% for the sector and 19.8% for the S&P 500 over the past year [10] - The industry is currently trading at a trailing 12-month price-to-book (P/B) ratio of 1.46X, significantly lower than the S&P 500's 8.69X and the sector's 4.23X [13]

Core Insights - The 1992 Benetton B192-05, driven by Michael Schumacher to his first Grand Prix victory, is being offered for public sale for the first time as part of Broad Arrow's Global Icons: Europe Online auction from January 23-30, 2026 [1][3][10] - This car is significant as it is the last race-winning Formula One car to utilize a manual gearbox, marking a pivotal moment in the sport's history [2][4] Auction Details - The auction will feature the Benetton B192-05, which is expected to fetch over €8,500,000 [5] - Alongside the car, the auction will also include various memorabilia related to Michael Schumacher, such as a signed helmet and overalls, with estimates ranging from €2,000 to €30,000 [6][10] Historical Significance - The B192-05 is recognized as one of the most iconic Formula One cars, symbolizing the beginning of Schumacher's record-setting career, which includes seven World Drivers' Championship titles and 91 victories [4][10] - The car's victory at the 1992 Belgian Grand Prix was achieved under challenging conditions, showcasing Schumacher's talent and the engineering excellence of the vehicle [3][4] Ownership and Restoration - After its racing career, the car was retained by Renault and later sold to LRS Formula, where it underwent a complete restoration, including a chassis overhaul and engine rebuild [5] - The current owner, a known racer of modern F1 machinery, acquired the car in 2016 [5] Auction House Background - Broad Arrow Auctions, a Hagerty company, is a leading global collector car auction house, known for its high-quality offerings and rapid growth in the auction segment [11]

Core Viewpoint - Broad Arrow, a Hagerty company, is set to auction the iconic 1992 Benetton B192-05, which Michael Schumacher drove to his first Grand Prix victory, marking a significant event for collectors and motorsport history [1][3]. Auction Details - The auction will take place from January 23 to January 30, 2026, as part of the Global Icons: Europe Online auction series [1]. - The Benetton B192-05 is expected to fetch over €8,500,000 during the auction [5]. Historical Significance - Chassis B192-05 is recognized as a pivotal Formula One car, being the last to win a race with a manual gearbox, symbolizing a shift in the sport [2]. - This car not only represents Schumacher's first victory but also the end of an era for manual gearboxes in Formula One [3]. Collectible Memorabilia - The auction will also feature collectible items related to Michael Schumacher, including a signed 1994 Original Benetton Helmet (estimated at €20,000 - €30,000) and his 1995 Benetton Overalls (estimated at €15,000 - €25,000) [6]. Other Auction Highlights - Additional notable items in the auction include a 1971 Lamborghini Miura P400 S (estimated at €1,600,000 - €1,800,000) and a 1990 Ferrari Mondial T Cabriolet (estimated at €45,000 - €65,000) [7].