All Posts
The late January winter storm will cause insured losses of up to $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes …...
Posted: Feb 03, 2026
Insurance Business Magazine - US
Posted: Feb 03, 2026
While 2025 concluded as a “broadly supportive” year for insurance buyers, Aon has suggested that market conditions are becoming increasingly differentiated across product lines and geographies, underscoring the growing need for tailored insight an...
Posted: Feb 03, 2026
All five offshore wind projects halted by the Trump administration in December can resume construction following a federal judge’s ruling on Monday that cleared Denmark’s Orsted to proceed with its Sunrise Wind project off the coast of Ne...
Posted: Feb 03, 2026
Global reinsurance broker Gallagher Re has appointed Fabrice Jerlin as its new Chairman for the Middle East and Africa. Jerlin brings over three decades of reinsurance industry experience to this role. He joins Gallagher Re after spending most of...
Posted: Feb 03, 2026
Chubb survey reveals most high-net-worth property owners recognize flooding has intensified, yet 62% without coverage cite low personal risk. The post
Posted: Feb 03, 2026
Specialty property insurer Palomar Holdings, Inc. has completed the acquisition of The Gray Casualty & Surety Company (Gray Surety), a national surety carrier, and has also successfully closed new unsecured financing. The acquisition was initi...
Posted: Feb 03, 2026
AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to...
Posted: Feb 03, 2026
Ben Sitki joins specialist insurer Tokio Marine Kiln (TMK) as an Underwriter within its Cyber Reinsurance Solutions team. Bringing nearly two decades of re/insurance experience to his new position, joining TMK from Guy Carpenter, where he most rec...
Posted: Feb 03, 2026
Global re/insurance broker WTW saw a slight decrease in revenue for the fourth quarter and full year 2025 when compared to the prior year, driven by the sale of TRANZACT, but on an organic basis, revenue increased for both periods. For the fourth...
Posted: Feb 03, 2026
Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd’s market initiative which will be focused on offering parametrically triggered catastrophic communicable disease insurance. The consortium...
Posted: Feb 03, 2026
Hamilton Insurance Group, Ltd., an international specialty insurance and reinsurance group, has announced the promotion of Moussa Thiam to Group Head of Compliance. In this role, Thiam will lead and coordinate compliance activities across Hamilton...
Posted: Feb 03, 2026
Catastrophe risk modelling firm Karen Clark and Company (KCC) has estimated that the privately insured loss from Winter Storm Fern, which brought snow and ice to more than 30 states, will be $6.7 billion. The estimate, which is based on the high-r...
Posted: Feb 03, 2026
More than $3 trillion. That’s the staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—ar...
Posted: Feb 03, 2026
Michelle Sipple has joined global insurer Markel’s Property and Marine product leadership team as Managing Director, Inland Marine. Sipple brings more than three decades of inland marine and builders risk underwriting experience to Markel, a...
Posted: Feb 03, 2026
Canopius Group, a global specialty and property and casualty re/insurer, has appointed Jasan Fitzpatrick as General Counsel, effective April 1st, 2026. In this newly created role, Fitzpatrick will report to Neil Robertson, Group Chief Executive Of...
Posted: Feb 03, 2026
The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Britain in March last year was found guilty in a London court on Monday of causing the death of a crew member …
Posted: Feb 03, 2026
Munich Re Specialty – Global Markets, Syndicate, managing agent of Syndicate 457 at the Lloyd’s insurance and reinsurance marketplace, has established The Pandemic Consortium, designed to offer parametric catastrophic communicable disease in...
Posted: Feb 03, 2026
The European food safety body on Monday advised a maximum threshold for the cereulide toxin used in infant formula, prompting some French producers to withdraw additional products from the market. Cereulide, a toxin that can cause nausea and vomiting...
Posted: Feb 03, 2026
CICI Prudential Life Insurance Company Limited, one of India’s leading private life insurers, has agreed to a strategic collaboration to implement PathWise, Aon’s high-performance modelling platform, across its actuarial modelling landscape. The i...
Posted: Feb 03, 2026
Distinguished Programs, a national MGA and insurance programmes manager, is broadening its specialty footprint with the launch of a Marine Cargo programme led by veteran executive Ralph Salce. The new initiative will offer a full suite of marine c...
Posted: Feb 03, 2026
The American Property Casualty Insurance Association (APCIA) announced the hiring of Meagan Myers Hanson as department vice president, advocacy, campaigns, and coalitions. Hanson will lead APCIA’s integrated advocacy campaigns, coordinate natio...
Posted: Feb 03, 2026
Global insurance and reinsurance broking group Aon has appointed Karl Hamann to Chief Executive Officer (CEO) of the Philippines, effective April 1st, 2026, subject to regulatory requirements. Since 2022, he has served as the CEO of Indonesia, whe...
Posted: Feb 03, 2026
Posted: Feb 03, 2026
The pipeline for buy-ins looking to complete during the months ahead is very strong, with 2026 expected to be a record year for the market and likely to exceed £50 billion for the first time, according to Hymans Robertson’s 2026 Risk Transfer Repo...
Posted: Feb 03, 2026
An active 2026 tornado season is expected for the Central Plains, with approximately 15% more tornadoes than the 20-year average, according to the Kansas Institute of Tornado Dynamics (KITD). Factors influencing this forecast include persistent La Ni...
Posted: Feb 03, 2026
Specialist managing general agent (MGA) Prestige Underwriting, has announced the promotion of Katy Peacock to the role of Head of Home, Product and Governance. In her new role, Peacock will oversee the development and governance of Prestige’...
Posted: Feb 03, 2026
India’s government proposed a 200 billion rupees ($2.2 billion) program to ramp up the deployment of carbon capture utilization and storage technology, to help mitigate the emissions of five heavily polluting sectors. The plan would target powe...
Posted: Feb 03, 2026
The global boom in the construction of data centers – driven by the growth of generative artificial intelligence (AI) and machine learning – is creating organic growth opportunities for major brokers such as Aon and Marsh. “Over the next five &...
Posted: Feb 03, 2026
Move over Florida and Texas. The United States has new hot spots for growth, and they both have Carolina in their name. North Carolina last year attracted more new residents, 84,000 people, from other parts of the country than any …
Posted: Feb 03, 2026
Primary insurers in Florida aren’t the only ones reporting rate reductions for segments of the populace. Surplus lines also have seen premium decreases as well as significant policy count growth—at least for some slices of the market. The Flori...
Posted: Feb 03, 2026
Marsh McLennan Agency (MMA) announced the acquisition of Robinson & Son, a Hudson Falls, New York-based agency specializing in the maritime industry. Terms of the acquisition were not disclosed. The agency, which offers both commercial and person...
Posted: Feb 03, 2026
Vehicle thefts fell by 25% in Arizona in 2025 to the lowest rate in decades, and the third consecutive year of a decrease in the state, a new report shows. Data from the Arizona Automobile Theft Authority’s Auto Crime Tracker …
Posted: Feb 03, 2026
A federal grand jury on January 30 indicted a Massachusetts married couple for their alleged involvement in a scheme to defraud individuals and insurance providers through their business, BL Insurance Brokerage, LLC. According to U.S. Attorney Leah B...
Posted: Feb 03, 2026
A California lightbulb manufacturer is paying $100,000 to settle a pregnancy discrimination lawsuit. Feit Electric Inc., a lightbulb manufacturer based in Los Angeles, must pay $100,000 and provide other relief to settle the pregnancy discrimination...
Posted: Feb 03, 2026
MAPFRE Insurance has been denied a preliminary injunction to keep AAA Northeast from selling auto insurance policies in Massachusetts in what the insurer says is a violation of an exclusive marketing agreement it has with the auto club in the …
Posted: Feb 03, 2026
Global insurance and reinsurance broker Howden has announced the appointment of Shunsuke Takechi, a highly experienced and qualified Japanese attorney with over 13 years of experience, as Head of Japan, M&A. Takechi holds the unique distinctio...
Posted: Feb 03, 2026