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“Lacklustre margins” are expected in 2026 for property and casualty (P&C) reinsurers, mainly driven by price cuts during this year’s January 1 renewals and a softening trend for upcoming mid-year cycles, according to a recent J.P. Morgan repor...
Posted: Jan 09, 2026
Global insurance and reinsurance broking group Gallagher has announced key leadership changes in its UK & Ireland Retail office network. Michael McLaverty was appointed as Head of Office for the firm’s Belfast office on 1st January 2026. He su...
Posted: Jan 09, 2026
The Baldwin Group, an independent insurance brokerage and advisory firm, has announced the completion of its acquisition of Capstone Group, a full-service, multi-line independent insurance brokerage headquartered in the Philadelphia area. Founded...
Posted: Jan 09, 2026
Willis Re, a specialised reinsurance broker, has announced the addition of Megan Hart to strengthen its reinsurance analytics capabilities across catastrophe and climate risk management. Hart brings more than 12 years of industry experience in rei...
Posted: Jan 09, 2026
According to global insurance and reinsurance broking group Aon’s latest renewal report, conditions in the casualty reinsurance market at January 1st, 2026, renewals were relatively favourable, shaped by increased capacity and strong overall reins...
Posted: Jan 09, 2026
Global insurer Allianz has completed the sale of a 23% stake in the two joint ventures, Bajaj General Insurance Company and Bajaj Life Insurance Company, to the Bajaj Promotor Group (Bajaj) for a gross consideration of approximately €2.1 billion,...
Posted: Jan 09, 2026
Pension Insurance Corporation plc (PIC), a specialist insurer of defined benefit pension schemes, completed a £155 million buy-in with the Trustee of NG Bailey Pension and Life Assurance Plan. With this transaction the benefits of 1,581 Plan membe...
Posted: Jan 09, 2026
Pipeline safety regulators this week assessed their largest fine ever against the company responsible for leaking 1.1 million gallons of oil into the Gulf off the coast of Louisiana in 2023. But the $9.6 million fine isn’t likely to be …
Posted: Jan 09, 2026
A Russia-bound oil tanker suffered a drone attack in the Black Sea that prompted it to request Turkish coastguard assistance and divert from its course, according to a notice by Lloyd’s List Intelligence and a separate maritime security source...
Posted: Jan 09, 2026
Helios Underwriting plc has promoted Jen Tan to Chief Underwriting Officer (CUO), with the task of overseeing portfolio underwriting strategy, syndicate capacity allocation, and the ongoing management of the firm’s underwriting portfolio. Tan join...
Posted: Jan 09, 2026
KGM, DUAL UK’s specialist motor MGA, has renewed its long-term capacity agreement with Zurich in a deal exceeding £2 billion in gross written premium (GWP) over the next five years. The additional commitment builds on the previous deal in 2022, ta...
Posted: Jan 09, 2026
Chinese authorities are urging Nestlé SA to work quickly in recalling baby formula products in the mainland over potential contamination concerns. The State Administration for Market Regulation said Thursday that Nestlé had an important corporate res...
Posted: Jan 09, 2026
Lockton Re, the reinsurance business of Lockton, has appointed Robert Bisset as CEO, North America, and Nick Durant as Global Vice Chairman. Bisset joined Lockton Re in 2021 as chairman of Global Retrocession & Property Specialty, Bermuda and...
Posted: Jan 09, 2026
Mosaic Insurance has launched an excess casualty unit, its eighth global product line, and hired specialist April Andruczyk to lead the business from Bermuda. The new division, which begins underwriting immediately, will provide support to large corp...
Posted: Jan 09, 2026
Posted: Jan 09, 2026
Top re/insurance executives have told KBW that the pricing cycle looks steeper because sharp 2023 rate hikes left more room for cuts, while a long-term pattern of higher highs and higher lows reflects stronger risk awareness among buyers and selle...
Posted: Jan 09, 2026
Erste Group Bank AG sold a significant risk transfer linked to more than €10 billion ($11.7 billion) of loans as the Austrian bank seeks to free up capital for its largest ever acquisition. The Vienna-based lender sold the SRT to …
Posted: Jan 09, 2026
CRC Group, the Charlotte, North Carolina-based wholesale specialty and MGA business, announced the completion of its acquisition of Atrium, the Lloyd’s managing agency. Atrium will retain its brand name and operate independently under the leade...
Posted: Jan 09, 2026
The Board of Directors of Resolution Life, a global life insurance group focusing on reinsurance and the acquisition and management of portfolios of life insurance companies, has appointed Moses Ojeisekhoba as its new Chief Executive Officer (CEO)...
Posted: Jan 09, 2026
Sompo Holdings Inc. is aiming to increase investments in higher-yielding overseas credit to boost profits as traditional business flounders at Japan’s third-biggest property and casualty insurer. The Tokyo-based company moved several investment...
Posted: Jan 09, 2026
A Detroit suburb has agreed to a $3.25 million settlement with the family of a young woman who had been declared dead at home but then gasped for air and opened her eyes when her body bag was unzipped at …
Posted: Jan 09, 2026
U.S. Rep. Monica De La Cruz promised to explore new ways for migrants to work legally in the construction industry. The Edinburg Republican announced on Monday her plans to meet with the U.S. Department of Labor, after South Texas builders …
Posted: Jan 09, 2026
Transatlantic Holdings (TransRe), the reinsurance arm of the Alleghany Corporation, has promoted Mike Torre to assume responsibility for the global property portfolio, Maryam Haji to lead the global catastrophe management team and catastrophe mode...
Posted: Jan 09, 2026
Insurance Industry Charitable Foundation Announces Marohn as Chair of IICF Board of Governors The Insurance Industry Charitable Foundation (IICF) named Steve Marohn, president, commercial lines at Grange Insurance, as chair of IICF’s board of g...
Posted: Jan 09, 2026
AXA XL, the property and casualty division of global insurer AXA Group, has announced the promotion of Matthew Stitham to Chief Underwriting Officer (CUO), Casualty in the Americas. Stitham succeeds Donnacha Smyth, who transitioned in November 202...
Posted: Jan 09, 2026
Posted: Jan 09, 2026
Posted: Jan 09, 2026
Global Risk Consultants Corp. (GRC), an independent provider of unbundled property loss control and risk engineering services, has acquired the U.S. Field Services business of Aon’s Property Risk Control Practice from Aon. This move comes at a tim...
Posted: Jan 09, 2026
Insurance Journal is now accepting nominations for its annual Agents of the Year awards, which recognize top-performing property/casualty insurance agents and producers across the industry. The awards program highlights professionals who demonstrate...
Posted: Jan 09, 2026
National Reinsurance Corporation of the Philippines (Nat Re) has announced the appointment of Von Edward Ebron to Vice President (VP) and Head of Life Reinsurance and Data Administration. Ebron brings to his new role over two decades of extensive...
Posted: Jan 09, 2026
Almost all US power grids will lack critical spare capacity by 2030 as demand surges to supply data centers, with bottlenecks threatening to hand China an edge in the artificial-intelligence boom, according to an analyst at Goldman Sachs Group Inc. &...
Posted: Jan 09, 2026
Fire safety inspections hadn’t been carried out since 2019 at the Swiss bar where a fire at a New Year’s party left 40 people dead and over 100 injured, local authorities said Tuesday. Investigators have said they believe sparkling candle...
Posted: Jan 09, 2026
Patriot Growth Insurance Services, headquartered in Fort Washington, Pennsylvania, appointed Tom Rogers as chief sales officer. Rogers leads Patriot’s sales strategy and new-business growth initiatives, focusing on producer performance, sales i...
Posted: Jan 09, 2026
On the first anniversary of the most destructive wildfires in the L.A. area, the scant home construction projects stand out among the still mostly flattened landscapes. Fewer than a dozen homes have been rebuilt in Los Angeles County since the …...
Posted: Jan 09, 2026
On the first anniversary of the most destructive wildfires in the L.A. area, the scant home construction projects stand out among the still mostly flattened landscapes. Fewer than a dozen homes have been rebuilt in Los Angeles County since the …...
Posted: Jan 09, 2026
The Andover Companies has completed its reorganization into a mutual holding company structure, effective January 1, 2026. The plan of reorganization was recently approved by the Massachusetts Division of Insurance and the policyholders of Merrimack...
Posted: Jan 09, 2026
ASR Nederland N.V. (a.s.r.), a Dutch insurance company, has reached an agreement with BOVAG to acquire 100% of the insurance activities of Bovemij N.V. (Bovemij) for €185 million in cash. Established in 1963, Bovemij specialises in insurance and r...
Posted: Jan 09, 2026
When Vermont Gov. Phil Scott announced that state workers would need to return to offices at least three days per week starting Dec. 1, the state employees’ union warned the initiative could cause a mass exodus of top staff. So …
Posted: Jan 09, 2026
Another Trump administration effort to punish a political opponent is in legal limbo after a federal judge disqualified the US attorney in Albany, New York, investigating state Attorney General Letitia James. John Sarcone, the acting US attorney for...
Posted: Jan 09, 2026
The District of Columbia-based bagel chain Call Your Mother Corp. has settled its trademark infringement complaint against a New Jersey bagel shop called Bubbi Bagels for using “Call Your Bubbi” in its marketing. Call Your Mother alleged...
Posted: Jan 09, 2026
Procter & Gamble has begun rolling out new packaging and marketing for Crest children’s toothpaste under an agreement with Texas Attorney General Ken Paxton, after he expressed concern that encouraging excessive fluoride use could harm chil...
Posted: Jan 09, 2026
Procter & Gamble has begun rolling out new packaging and marketing for Crest children’s toothpaste under an agreement with Texas Attorney General Ken Paxton, after he expressed concern that encouraging excessive fluoride use could harm chil...
Posted: Jan 09, 2026
Aspire General Insurance Services named April Moore general counsel. Moore is a legal and insurance leader with two decades of experience, previously serving as general counsel of USA Underwriters Insurance Company. She previously served at Nationwid...
Posted: Jan 09, 2026
Is the AI Boom a Bubble Waiting to Pop? Here’s What History S...
Posted: Jan 08, 2026