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Shead takes over as Head of Property for Chubb’s Overseas General Insurance

Reinsurance News

Property and casualty insurer Chubb Limited has promoted Aaron Shead to Executive Vice President (EVP), Head of Property for Overseas General Insurance (COG), the company’s international general insurance operations, effective immediately. S...

Posted: Dec 09, 2025

Register Now for IJ’s ‘AI Tools for Agents’ Demo Day on Dec. 10

Insurance Journal

Insurance Journal’s Risky Future series will host the “AI Tools for Retail Agents” Demo Day, which offers free AI tool demonstrations designed exclusively for retail insurance agencies. The latest online event offers retail agents a...

Posted: Dec 09, 2025

Lloyd Scholz joins Westfield as Enterprise Chief Information Officer

Reinsurance News

Westfield, a U.S.-based property and casualty insurance company, has announced the appointment of Lloyd Scholz as Enterprise Chief Information Officer (CIO). In his new role, Scholz will oversee the development and execution of a business-driven t...

Posted: Dec 09, 2025

One of Highest Property Claims Severity Recorded in Q3 on Low Volume, Says Verisk

Insurance Journal

A new report from Verisk has found that property insurance claims volume during the third quarter 2025 was the lowest it has been in the past five years but claims severity during the period was one of the highest in …

Posted: Dec 09, 2025

JD Power: Full Digital Claims Process Drives High Customer Satisfaction

Insurance Journal

Receiving adequate digital updates is one of the top drivers of customer satisfaction with the digital insurance claims process, but insurers deliver on this key performance indicator just 22% of the time. Customer satisfaction surges when the claims...

Posted: Dec 09, 2025

Miami’s Housing Supply Shortage Hits Affordability, Codina Says

Insurance Journal

South Florida faces a growing affordability problem as housing demand outstrips supply, according to Ana-Marie Codina, whose family firm develops master-planned communities in the region. “We definitely need more supply,” Codina said in a...

Posted: Dec 09, 2025

Verlan Files Subro Suit Against Georgia Chemical Plant After $20M Payout on Fire

Insurance Journal

About 5 a.m. on Sept. 29, 2024, an employee at the Bio-Lab chemical warehouse outside Atlanta heard a popping sound, a tell-tale sign that stored chemicals had come in contact with water and were reacting. Within 90 minutes, the huge …

Posted: Dec 09, 2025

Excavator Bucket That Crushed Worker Leads to $170K Fine for Washington Contractor

Insurance Journal

A contractor was fined $170,000 for workplace violations that resulted in a 3,000-pound excavator bucket falling on an employee in southwest Washington. The Rotschy Inc. construction company was hit with $170,000 in fines from the Washington State De...

Posted: Dec 09, 2025

Pinnacle Underwriting joins DIFC to expand regional presence

Reinsurance News

The Dubai International Financial Centre (DIFC), the global financial hub for the Middle East, Africa and South Asia (MEASA), has announced that Pinnacle Underwriting Pty Ltd has joined DIFC to expand its regional presence and strengthen its reins...

Posted: Dec 09, 2025

Farmers joins TGL as founding partner

coverager

The insurer joins a roster of founding partners that includes Best Buy, Genesis, Hankook Tires, Proofpoint, and Shriners Children’s.

Posted: Dec 08, 2025

Insurers announce the launch of SuretyBind

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The company expects to begin offering its services in 2027.

Posted: Dec 08, 2025

Compre signs LPT agreement with Wakam

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The deal also includes a forward-flow arrangement that gives Compre the option to reinsure future years.

Posted: Dec 08, 2025

AmTrust files trademark for Canopy+

coverager

Helpful aimed to simplify healthcare and insurance navigation for caregivers while offering mental health support when the burden became too heavy.

Posted: Dec 08, 2025

Magnitude-7.0 Earthquake Hit Remote Area Along Alaska-Canada Border

Insurance Journal

A powerful, magnitude-7.0 earthquake struck in a remote area near the border between Alaska and the Canadian territory of Yukon on Saturday. There was no tsunami warning, and officials said there were no immediate reports of damage or injury. The &#8...

Posted: Dec 08, 2025

QBE taps Velocity Frequent Flyer for new insurance rewards play

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The partnership marks a notable cross-sell effort between a major insurer and a leading airline rewards program.

Posted: Dec 08, 2025

Tesla partners With Oona Insurance

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Customers receive the policy as part of their Model Y purchase, with activation handled directly by Tesla and Oona during the handover process.

Posted: Dec 08, 2025

Ping An opens its first self-operated hospital in Shenzhen

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The hospital will offer a range of rehabilitation services, from acute and critical care to long-term home-based support, with capacity to serve around 100,000 patients a year.

Posted: Dec 08, 2025

Ageas to take full ownership of AG Insurance

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Ageas is acquiring the outstanding 25% stake in its Belgian subsidiary AG Insurance.

Posted: Dec 08, 2025

GAINSCO introduces 12-month auto policies in six states

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The move offers price stability at a time of frequent auto insurance repricing.

Posted: Dec 08, 2025

EPIC acquires Sentry’s direct writing operation

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The deal expands EPIC’s transportation platform and deepens its presence in the trucking sector.

Posted: Dec 08, 2025

Hildene to acquire SILAC for $550 million

coverager

The deal builds on Hildene’s 2022 minority investment in SILAC.

Posted: Dec 08, 2025

Westfield appoints Lloyd Scholz as Enterprise CIO

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Scholz joins from Markel.

Posted: Dec 08, 2025

Advisory firm joins Prudential

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Premier Planning Partners, an Indiana-based all-female firm, joins Prudential Advisors.

Posted: Dec 08, 2025

Allianz partners with Oaktree

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By partnering with Oaktree and leveraging the Lloyd’s platform, Allianz secures multi-year, AA-rated capacity. 

Posted: Dec 08, 2025

Todd Combs leaves GEICO

coverager

FlowStone’s team and strategies will fold into WTW’s global Investments business.

Posted: Dec 08, 2025

The Injured Worker: An Essential, Sometimes Overlooked Partner in Improving Pharmacy Network Utiliza...

Risk & Insurance

In workers’ compensation, pharmacy network utilization has always been an evolving challenge. For a variety of reasons, injured workers in some states are filling their prescriptions via out-of-networ The post

Posted: Dec 08, 2025

‘Dream Is in Sight:’ Chamber, Reinsurers, Insurers Urge Florida to Stay the Course

Carrier Management

‘Dream Is in Sight:’ Chamber, Reinsurers, Insurers Urge Florida to Stay the Course The message from the Florid...

Posted: Dec 08, 2025

Swiss Re Shares Drop After New Profit Target Falls Short of Expectations

Carrier Management

Swiss Re Shares Drop After New Profit Target Falls Short of Expectations Swiss Re shares dropped 7...

Posted: Dec 08, 2025

Wear and Tear: A Breakdown of Degenerative Comorbid Conditions

Risk & Insurance

Degenerative comorbid conditions are present in 19% of claims and can drive up claim costs and disability duration. The post Wear and Tea...

Posted: Dec 08, 2025

Allianz, Oaktree Set Up Reinsurance Syndicate on Lloyd’s Market

Insurance Journal

Allianz SE and Oaktree Capital Management agreed to set up a reinsurance syndicate on the Lloyd’s of London market, the latest example of a private capital firm pushing into the non-life sector. The vehicle, named “Syndicate 1890,”...

Posted: Dec 08, 2025

Should Captives Be Allowed to Insure Homeowners Risks?

Insurance Journal

Most states and U.S. territories permit the establishment of captive insurance companies to insure a variety of commercial risks. However, no state or territory allows them to insure personal auto risks, and before mid-2024, no state or territory all...

Posted: Dec 08, 2025

Use of Automated Track Technology Will Allow Railroads to Reduce Inspections

Carrier Management

Use of Automated Track Technology Will Allow Railroads to Reduce Inspections The nation's freight railr...

Posted: Dec 08, 2025