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Japan Removes Tsunami Warnings After Powerful Quake in North

Insurance Journal

Japanese authorities ended all tsunami warnings after a powerful magnitude-7.5 quake struck off the coast of Aomori, in the northeast of the country, late on Monday. Waves as high as 70 cm (28 inches) were recorded in the region earlier, …

Posted: Dec 09, 2025

Swiss Insurer Helvetia Baloise to Cut Up to 2,600 Jobs Following Merger

Insurance Journal

Newly created Swiss insurer Helvetia Baloise plans to cut up to 2,600 jobs in the coming years to boost profitability, a person familiar with the matter told Reuters on Tuesday. Switzerland’s largest multi-line insurer, with a combined market c...

Posted: Dec 09, 2025

Warty to lead Mosaic finpro lines for Americas expansion

Reinsurance News

Mosaic Insurance, a specialty insurer focused on financial institutions and cyber risk, has announced the appointment of Sachin Warty as Global Head of Financial Institutions & Professional Liability (FinPro), December 15. Warty’s hire is part...

Posted: Dec 09, 2025

FCA announces changes to simplify its rules and lower costs for insurers

Reinsurance News

The Financial Conduct Authority (FCA) has announced changes to simplify its insurance rules and reduce costs for insurers, while maintaining appropriate protection for smaller commercial customers, with further changes planned next year. The FCA e...

Posted: Dec 09, 2025

DUAL Group forms global partnership with CyberCube to strengthen cyber underwriting

Reinsurance News

DUAL Group, an international specialist underwriting agency, has entered a global partnership with CyberCube, a company known for its analytics and modelling solutions focused on cyber risk. The agreement is aimed at strengthening DUAL’s underwrit...

Posted: Dec 09, 2025

White Mountains completes sale of insurance distribution platform Bamboo

Reinsurance News

White Mountains Insurance Group has completed the sale of a controlling interest in Bamboo, a data-enabled insurance distribution platform, to affiliates of funds advised by CVC Capital Partners. The transaction, originally announced in October, a...

Posted: Dec 09, 2025

Groenen appointed as LSM’s head of portfolio solutions, Europe

Reinsurance News

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the appointment of Rob Groenen as head of portfolio solutions, Europe, a newly created position. Groenen will be based in the Netherlands and will also retain h...

Posted: Dec 09, 2025

Parametrix raises $27m in funding round and rolls out new cyber insurance product

Reinsurance News

Parametrix, a provider of digital business interruption solutions, has completed a $27 million Series B funding round led by Mundi Ventures, FirstMark Capital, and HDI Group, joined by F2 Venture Capital and several other strategic investors. The...

Posted: Dec 09, 2025

German insurers propose Elementar Re safeguard system for nat cats

Reinsurance News

The German Insurance Association (GDV) has unveiled a framework to ensure that protection against natural catastrophes remains widely available, affordable, and sustainable over the long term, centred on a new reinsurance vehicle called Elementar...

Posted: Dec 09, 2025

ICEYE partners with Munich Re unit to expand access to nat cat intelligence

Reinsurance News

ICEYE, a global leader in synthetic aperture radar (SAR) satellite data and natural catastrophe solutions, has entered into a new strategic global partnership with Risk Management Partners, a Munich Re unit that draws on the group’s reinsurance ex...

Posted: Dec 09, 2025

Experian forecasts advanced cyber threats for 2026

Reinsurance News

Experian, an information services company specialising in credit reporting and fraud prevention, has released its 2026 Data Breach Industry Forecast, providing an outlook on the rapidly evolving cyber threat landscape. The report anticipates that...

Posted: Dec 09, 2025

Viewpoint: Mapping Evolving Regulatory Terrain for MGAs, MGUs and Other DUAEs

Insurance Journal

As the regulatory landscape around the delegated underwriting authority enterprise (DUAE) market evolves, global authorities have introduced stricter compliance measures, risk management expectations and governance frameworks. The increasing alignmen...

Posted: Dec 09, 2025

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

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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+

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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

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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