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Liberty Specialty Markets launches Energy & Construction, and Cyber in Italy

Reinsurance News

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has responded to increased regional demand with the launch of two new divisions in Italy: Energy & Construction, and Cyber. The launches are supported by two senior under...

Posted: Feb 19, 2026

SiriusPoint posts $444m net income as 2025 underwriting profit soars

Reinsurance News

SiriusPoint has reported net income available to common shareholders for the full year 2025 of $444 million, while consolidated underwriting income for the year expanded to $302.8 million from $276.4 million in 2024. The firm explained that the im...

Posted: Feb 19, 2026

India to Decide on Russia Oil Tanker Insurance Firms in Days

Insurance Journal

The Indian government must decide in the next few days whether to keep allowing a handful of Russian companies to insure tankers when they deliver oil to the Asian nation. The process comes at a time when New Delhi is …

Posted: Feb 19, 2026

India to Decide on Russia Oil Tanker Insurance Firms Within Days

Insurance Journal

The Indian government must decide in the next few days whether to keep allowing a handful of Russian companies to insure tankers when they deliver oil to the Asian nation. The process comes at a time when New Delhi is …

Posted: Feb 19, 2026

HDI Global plans to expand in NA, Southeast Asia & Middle East

Reinsurance News

HDI Global, a commercial and specialty lines insurer, has launched its new strategy for 2026 through 2029, “Xcelerate29”, targeted at selective international expansion and driving excellence in core business. The insurer will focus on expanding it...

Posted: Feb 19, 2026

UK Floods Raise Specter of ‘Mortgage Prisoners’ for Banks

Insurance Journal

As the prospect of flood damage haunts an ever larger number of UK homes, the country’s banks are under growing pressure to prove they’re not underestimating the risk in their mortgage books. Nationwide Building Society — once seen as an...

Posted: Feb 19, 2026

Update: UK Floods Raise Specter of ‘Mortgage Prisoners’ for Banks

Insurance Journal

As the prospect of flood damage haunts an ever larger number of UK homes, the country’s banks are under growing pressure to prove they’re not underestimating the risk in their mortgage books. Nationwide Building Society — once seen as an...

Posted: Feb 19, 2026

From Convenience to Crime: How Payment Apps Stand to Reshape Business Fraud

Risk & Insurance

As companies embrace payment apps for speed and convenience, rising fraud losses, regulatory scrutiny, and insurance gaps are forcing businesses to rethink how — and whether — they use them. The post

Posted: Feb 19, 2026

Arch Insurance International names new D&O and FI Underwriting Managers

Reinsurance News

Arch Insurance International has announced the appointments of Antony Hope as Directors & Officers (D&O) Underwriting Manager and Sangeetha Mani as Financial Institutions (FI) Underwriting Manager. As part of the Executive Assurance divisi...

Posted: Feb 19, 2026

Zurich Insurance Profit Beats Estimates as CEO Eyes Beazley

Insurance Journal

Zurich Insurance Group AG’s profit rose to a record in 2025, giving Chief Executive Officer Mario Greco a tailwind as he pursues the acquisition of Beazley Plc. Group operating profit rose to $8.9 billion in the year, the company said, …

Posted: Feb 19, 2026

EMEA businesses need to strengthen cyber resilience for the AI era: Aon

Reinsurance News

EMEA (Europe, the Middle East and Africa) businesses believe they are unprepared for artificial intelligence (AI)-powered cyber threats, a recent Aon poll revealed, highlighting the opportunity to strengthen AI-era cyber resilience. Polling during...

Posted: Feb 19, 2026

PIC completes £113m buy-in with the Sopra Steria Retirement Benefits Scheme

Reinsurance News

PIC, a specialist insurer of defined benefit pension schemes, has completed a £113 million full buy-in with the Steria Management Plan Section of the Sopra Steria Retirement Benefits Scheme, successfully securing the benefits of all 355 Section me...

Posted: Feb 19, 2026

Startups in Britain Turn to AI Instead of Costly New Hires

Insurance Journal

British entrepreneurship appears to be on the rise, with tens of thousands of new businesses popping up. The problem, for workers, is that these startups are increasingly using artificial intelligence and freelancers instead of taking on permanent st...

Posted: Feb 19, 2026

Zurich renews aggregate treaty, cites overall favourable pricing & stable conditions

Reinsurance News

Insurer Zurich renewed its global aggregate catastrophe treaty at January 1st with an uplift in capacity, and also added cyber coverage to its global top catastrophe excess of loss treaty, and secured a higher retention for its Europe all perils r...

Posted: Feb 19, 2026

Santam becomes first BRICS-based insurer to set up presence in India GIFT City

Reinsurance News

South African short-term insurer Santam has been granted a licence to establish a reinsurance branch office at the Gujarat International Finance Tec-City (GIFT City), India’s first operational greenfield smart city and International Financial Serv...

Posted: Feb 19, 2026

Zurich’s P&C GWP surpassed $50bn for the first time in 2025

Reinsurance News

Large insurer Zurich delivered strong top-line growth in 2025, as its property & casualty (P&C) segment exceeded gross written premiums (GWP) of $50 billion for the first time, a 5% increase like-for-like, as the segment’s business operati...

Posted: Feb 19, 2026

AXA XL promotes two leaders within Specialty Team Americas

Reinsurance News

AXA XL, the property, casualty and specialty risk division of AXA, has confirmed the advancement of Mikki Williams and Doug Schmude to senior positions within its Specialty Team Americas. The moves are part of the company’s ongoing efforts to rein...

Posted: Feb 19, 2026

MNRB Q3’25 revenue rises 17.8% driven by Malaysian Re

Reinsurance News

MNRB Holdings Berhad (MNRB) announced its financial results for the third quarter ended Dec 31, 2025, reporting a net profit of RM151 million, up from RM115.9 million a year earlier, with revenue rising 17.8% year-on-year to RM973.9 million from R...

Posted: Feb 19, 2026

Nick Lamparelli appointed Chief Programme Officer at Algorithmic Insurance Services

Reinsurance News

Algorithmic Insurance Services, Inc., trading as LIRG, a specialist re/insurance platform focused on building, incubating and scaling managing general underwriters (MGUs) and managing general agents (MGAs) has appointed Nick Lamparelli as its new...

Posted: Feb 19, 2026

People Moves: Gallagher Expands Executive, Financial Risk Practice Leadership; AXA XL Promotes Willi...

Insurance Journal

Gallagher Expands Executive and Financial Risk Practice Leadership Team Gallagher, headquartered in Rolling Meadows, Illinois, appointed new leaders in its executive and financial risk practice. Seth Pfalzer has been appointed senior vice president a...

Posted: Feb 19, 2026

Synthetik’s modelled scenarios suggest UK SRCC losses could exceed £4bn

Reinsurance News

Synthetik Insurance Technologies’ recent report highlighted the potential for losses stemming from strikes, riots and civil commotion (SRCC) to spread across the UK, with some modelled scenarios exceeding £4 billion. The report takes the form of f...

Posted: Feb 19, 2026

Judge Tosses Buffalo Wild Wings Lawsuit That Has ‘No Meat on Its Bones’

Insurance Journal

A U.S. federal judge threw out on Tuesday a lawsuit against Buffalo Wild Wings that alleged the restaurant and sports bar chain deceived consumers by selling boneless wings that are not actually de-boned chicken wings. Judge John Tharp Jr. in …

Posted: Feb 19, 2026

AI Claim Assistant Now Taking Auto Damage Claims Calls at Travelers

Insurance Journal

The Travelers Companies announced the launch of AI Claim Assistant, a fully agentic intelligent voice service to handle customer claim calls. The service, developed using OpenAI model capabilities and APIs, uses advanced language and speech recogniti...

Posted: Feb 19, 2026

Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan

Insurance Journal

Just days before a final committee vote on a bill that would establish a clearinghouse for Citizens’ commercial policies, Florida’s insurance commissioner has offered his own rewrite, one that would give regulators more authority over who...

Posted: Feb 19, 2026

Decades-Old Abuse Payouts Squeeze California School and City Budgets

Insurance Journal

At James Monroe Middle School, located in a remote part of California’s High Desert, posters commemorating teacher appreciation week were hung beside porta-potties. They were the only toilets left for faculty members after the campus’s se...

Posted: Feb 19, 2026

California Bill Requires Insurers to Offer, Renew Coverage for ‘Fire-Safe’ Homes

Insurance Journal

A new bill in California would require insurers to offer homeowners insurance to those who meet state home hardening and defensible space requirements. Senate Bill 1076, the Insurance Coverage for Fire-Safe Homes Act, was introduced by Senator Sasha...

Posted: Feb 19, 2026

Viewpoint: Runoff Specialists Have Evolved Into Key Strategic Partners for Insurers

Insurance Journal

The insurance industry has a long history of managing complex long-tail liabilities. In some cases, these liabilities grow so burdensome that they require specialized runoff solutions and as market conditions have evolved, so too have the shape of th...

Posted: Feb 19, 2026

State Drops Charges Against NJ Political Power Broker, Insurance Exec Norcross

Insurance Journal

New Jersey’s acting attorney general said Tuesday she will not ask the state Supreme Court to review the dismissal of racketeering charges against Democratic power broker George E. Norcross III and those charged alongside him. The decision by J...

Posted: Feb 19, 2026

Insurance Fraud Bill Unanimously Passes Washington Senate

Insurance Journal

A bill intended to combat insurance fraud by updating a 20-year-old law passed the Washington state senate this week on a unanimous vote. Senate Bill 6031, which defines insurance fraud as its own crime, a Class B felony, was pushed …

Posted: Feb 19, 2026

Hymans Robertson promotes Tom Caron to Operations Lead for its Risk Transfer team

Reinsurance News

Hymans Robertson, a pensions and financial services consultancy, has announced the promotion of Tom Caron to Operations Lead of its Risk Transfer team. In this role, Caron will have operational responsibility for the team, leading on resourcing, p...

Posted: Feb 19, 2026

US Attorney for DC Pirro Sues Her NY Hometown for $250K Over Trip-and-Fall

Insurance Journal

Jeanine Pirro, the U.S. Attorney for the District of Columbia, has filed a $250,000 negligence lawsuit against her suburban hometown north of New York City and a power utility after claiming she tripped and fell while out walking. Pirro said …

Posted: Feb 19, 2026

Hiscox Re rebrands and launches capital platform

coverager

Hiscox Re & ILS has rebranded as Hiscox Re.

Posted: Feb 18, 2026