All Posts

World’s Largest Retirement Community Taps Muni Market to Help Build More Homes

Insurance Journal

The largest retirement community in the world is expanding even further with a nearly $130 million high-yield debt deal. The Villages, a 57,000-acre Floridian megaplex, already part of the fastest-growing metropolitan area in the US, plans to tap mun...

Posted: Oct 24, 2025

US Investors show strong interest in earnings growth and reinsurance discipline: Berenberg

Reinsurance News

Berenberg, the German private bank and investment firm, met with 20 US investors last week to present insights on the insurance and reinsurance sectors, with the discussions primarily addressing market outlook, company performance, and sector valu...

Posted: Oct 24, 2025

Global Commercial Insurance Rates Drop 4% in Q3, for 5th Quarterly Decline: Marsh

Carrier Management

Global Commercial Insurance Rates Drop 4% in Q3, for 5th Quarterly Decline...

Posted: Oct 24, 2025

Disaster Relief Fund Hits Critical Low as Shutdown Endures

Carrier Management

Disaster Relief Fund Hits Critical Low as Shutdown Endures As the US government sh...

Posted: Oct 24, 2025

More Flights Delayed Due to Air Traffic Control Staffing Issues

Insurance Journal

Air traffic control staffing issues are delaying travel at airports in New York, Washington, Newark and Houston, the Federal Aviation Administration said late on Thursday, as a U.S. government shutdown hit its 23rd day. The FAA was reporting staffing...

Posted: Oct 24, 2025

Markets/Coverages: Coalition Launches Excess Cyber Insurance in Quebec

Insurance Journal

Coalition, the San Francisco-based cyber managing general agent and cyber-security firm, announced it is offering Excess Cyber Insurance policies in Quebec along with a refreshed Excess offering across Canada. The refreshed Excess offering will enabl...

Posted: Oct 24, 2025

MS Amlin names Pinder Head of US Casualty, Kimber Head of International Casualty & Cyber

Reinsurance News

Lloyd’s global insurer and reinsurer MS Amlin has confirmed several senior appointments in its Casualty Reinsurance team, including that of Rhian Pinder as Head of US Casualty, and Jonathan Kimber has been appointed Head of International Casualty...

Posted: Oct 24, 2025

Rivian Agrees to Pay $250 Million to Settle IPO Fraud Lawsuit

Insurance Journal

Rivian has agreed to settle a 2022 class-action lawsuit by paying $250 million to some shareholders who had alleged the electric vehicle maker defrauded investors over vehicle prices when it went public, according to a court filing on Thursday. The &...

Posted: Oct 24, 2025

Climate and inflation pressures drive record losses, according to LexisNexis Risk Solutions

Reinsurance News

LexisNexis Risk Solutions, a provider of data and analytics for the insurance and financial industries, has released its 10th annual US Home Trends Report. The study offers a detailed look at how claims trends across different perils are shaping t...

Posted: Oct 24, 2025

James Mitchell joins IQUW Bermuda as CUO

Reinsurance News

Specialty insurer and reinsurer IQUW Bermuda has announced the appointment of James Mitchell as Chief Underwriting Officer (CUO) with immediate effect. In his new role, as CUO, Bermuda, Mitchell will be responsible for leading all reinsurance unde...

Posted: Oct 24, 2025

Universal’s Q3’25 profit surges on lower losses, stronger Florida market

Reinsurance News

Universal Insurance Holdings has disclosed a Q3 2025 net income available to common stockholders of $39.8 million, a sharp turnaround from a net loss of $16.2 million in Q3 2024, driven by a lower net loss ratio, higher net premiums earned, and in...

Posted: Oct 24, 2025

EU’s New Sanctions Boost Allies’ Push to Hit Russian Energy

Insurance Journal

The European Union adopted a new package of sanctions targeting Russia’s energy infrastructure, building on new US and UK moves to chip away at Moscow’s ability to wage its war against Ukraine. The EU measures will ban LNG imports from &#...

Posted: Oct 24, 2025

Cowbell appoints Klipphahn & Hewerdine to strengthen mid-market and claims operations

Reinsurance News

Cowbell, a cyber and specialty insurance provider focused on small and medium-sized enterprises, has announced the appointments of Jessica Klipphahn as Head of North America Mid-Market and Stephanie Hewerdine as Director of Claims. In her new role...

Posted: Oct 24, 2025

MX expands London market capabilities through multi-year partnership with Aviva

Reinsurance News

MX, the underwriting division of Specialist Risk Group (SRG), has entered into a strategic multi-year delegated distribution agreement with Aviva to support Trilogy Underwriting. This partnership is expected to generate over £100 million in gross...

Posted: Oct 24, 2025

Apple Loses Landmark UK Lawsuit Over App Store Commissions

Insurance Journal

Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the U.S. tech company on the hook for hundreds of millions of pounds in damages. The Competition &#8230...

Posted: Oct 24, 2025

Aon Reinsurance Solutions appoints Secker and De Bosini to EMEA leadership roles

Reinsurance News

Aon, a global insurance and reinsurance broking group, has announced the appointments of Andrew Secker as EMEA Chief Client Officer (CCO) for Reinsurance Solutions and Daniele De Bosini as EMEA Chief Broking Officer (CBO) for Reinsurance Solutions...

Posted: Oct 24, 2025

Moody’s revises outlook for Germany’s P&C insurance sector to stable from negative

Reinsurance News

Moody’s Ratings has revised its outlook for Germany’s property and casualty (P&C) insurance sector to stable from negative, citing an expected improvement in underwriting profitability and a return to more balanced market conditions. The chang...

Posted: Oct 24, 2025

Applied Acquires Cytora: Supercharging the Digital Roundtrip of Insurance with AI

Insurance Journal

Remember in “The Avengers” movie when all the superheroes finally come together, and you just know something EPIC (see what I did there) is about to happen? That’s exactly how I felt when we finalized our acquisition of Cytora – &#8...

Posted: Oct 24, 2025

Mike Dalby succeeds Kelly Ogley as CEO of Howden CLC

Reinsurance News

Global insurance intermediary group Howden has announced the appointment of Mike Dalby as CEO, Howden Consumer & Local Commercial (CLC), succeeding Kelly Ogley. Dalby takes up this role alongside his existing leadership of Howden’s Consumer Li...

Posted: Oct 24, 2025

£86m traded in first 2025 Lloyd’s capacity auction, highest activity in a decade

Reinsurance News

Trading in the first of Lloyd’s three 2025 capacity auctions reached £86 million, marking the most active opening auction in a decade, with capacity changing hands across 21 syndicates. According to data from Argenta, there were £32.7 million of s...

Posted: Oct 24, 2025

CyberCube estimates preliminary AWS outage loss range of $38-581m

Reinsurance News

CyberCube, a provider of cyber risk analytics for the re/insurance industry, has estimated a preliminary loss range of $38 million to $581 million for the Amazon Web Services (AWS) outage, which the firm has nicknamed “Amazonk”. This estimate foll...

Posted: Oct 24, 2025

Recent Years’ Commercial Auto Loss Costs Dog Selective Insurance in NJ

Carrier Management

Recent Years’ Commercial Auto Loss Costs Dog Selective Insurance in...

Posted: Oct 24, 2025

ACORD Solutions Group appoints Dave Matcham as Global Ambassador for Digital Markets

Reinsurance News

ACORD Solutions Group, a provider of advanced digital solutions for the global insurance industry, has appointed Dave Matcham as its Global Ambassador for Digital Markets. In this advisory role, Matcham will focus on promoting the advantages of st...

Posted: Oct 24, 2025

People Moves: CRC Group Names New Team Members in Specialty Division; Howden US Appoints Hanback EVP

Insurance Journal

CRC Group Names New Team Members in Specialty Division CRC Group, headquartered in Birmingham, Alabama, added three new professionals to its CRC Specialty division. Ryan Degale rejoins CRC Specialty as a broker based in Orlando with the Boca Raton, F...

Posted: Oct 24, 2025

Allianz UK announces executive leadership changes

Reinsurance News

Allianz UK has announced a number of executive leadership changes, including the appointment of Ulf Lange as Managing Director of Personal Lines, subject to regulatory approval. The executive, who has held the role of Chief Financial Officer (CFO)...

Posted: Oct 24, 2025

Growth Momentum Continues for Program Business: TMPAA

Insurance Journal

The program business sector is growing at a rate that outpaces the broader commercial insurance market. Between 2010 and 2020, the program business sector grew from $17.5 billion in commercial insurance revenue to $53.8 billion. In 2024, premium volu...

Posted: Oct 24, 2025

Waymo to Manually Test Autonomous Vehicles at Newark Airport

Insurance Journal

Alphabet’s Waymo said on Wednesday it will begin manual testing of its autonomous vehicles at Newark Liberty International Airport, as the firm looks to bring its robotaxis to one of the three main airports serving the New York City area. &#823...

Posted: Oct 24, 2025

Trucking App Trucker Path Launches Retail Insurance Agency

Insurance Journal

The company behind a trucking navigation and compliance apps has launched its own insurance agency. Earlier this month, Trucker Path announced the launch of its in-house, digitally enabled retail agency focused exclusively on trucking insurance. Truc...

Posted: Oct 24, 2025

Conservative Activist Sues Google Over AI-Generated Statements

Insurance Journal

Conservative activist Robby Starbuck sued Google on Wednesday, alleging the tech giant’s artificial intelligence systems generated “outrageously false” information about him. Starbuck said in the lawsuit, filed in Delaware state cou...

Posted: Oct 24, 2025

University of Virginia Strikes Deal to Avoid Trump Investigations, Protect Funding

Insurance Journal

The University of Virginia has agreed to abide by White House guidance forbidding discrimination in admissions and hiring, becoming the latest campus to strike a deal with the Trump administration as the college tries to pause months of scrutiny by &...

Posted: Oct 24, 2025

Illinois Department of Insurance Asks Insurers for Policyholder Relief During Shutdown

Insurance Journal

The Illinois Department of Insurance is asking insurers to provide relief to policyholders impacted by the federal government shutdown and ensure that they do not lose insurance coverage, including a moratorium on cancellations. “The lapse in f...

Posted: Oct 24, 2025

Miller announces new life insurance product to support farmers affected by inheritance tax changes

Reinsurance News

Miller, an independent specialist re/insurance broker, has announced the launch of Succession Insurance, a new life insurance product designed to help farmers manage the impact of recent inheritance tax reforms on agricultural assets introduced in...

Posted: Oct 24, 2025

Pritzker’s Illinois Wins 10th Rating Upgrade as Reserves Climb

Insurance Journal

Illinois, the worst-rated U.S. state, received a one-notch upgrade from Moody’s Ratings for its rising reserves and improving finances. Moody’s raised the state’s rating to A2, five steps above junk, from A3, with a stable outlook,...

Posted: Oct 24, 2025

Major Investor for Louisiana LNG as Construction Ramps up

Insurance Journal

Australia’s Woodside Energy has enlisted U.S.-based Williams as an investor and pipeline operator of its Louisiana liquefied natural gas plant, to tap its infrastructure experience and ease cost pressures as construction ramps up. Under the arr...

Posted: Oct 24, 2025

TWIA Committee Recommends Method for Determining PML for 2026 Storm Season

Insurance Journal

The Texas Windstorm Insurance Association’s Actuarial & Underwriting Committee has developed a recommendation to the TWIA board on a method to determine the association’s 1-in-50 probable maximum loss for the 2026 storm season. The 1-...

Posted: Oct 24, 2025

Why Two Montana Asbestos Victims May Never Receive an $8M Judgment

Insurance Journal

Long before she joined a major legal case for asbestos victims, Joyce Walder had a bold streak, according to her sister, Judith Hemphill. On a recent Monday in October, walking through the forests of northwest Montana, Hemphill recalled how she &#823...

Posted: Oct 24, 2025

AXA XL’s Ashok Krishnan on AI for Human-Centered Transformation

IIR

The Chief Innovation, Data & Analytics Officer describes how AXA XL is operationalizing AI across underwriting and claims while ensuring that technology amplifies, rather than replaces, human expertise.

Posted: Oct 23, 2025

Duck Creek’s Leadership Transition Marks a New Phase in Platform Growth

IIR

Incoming CEO Hardeep Gulati and Vice Chair Mike Jackowski discuss the company’s evolving strategy, AI-driven innovation, and continued focus on customer success.

Posted: Oct 23, 2025

ITC Briefing: Equisoft’s Olivier Lafontaine Introduces Equisoft/amplify

IIR

The Chief Product Officer describes how Equisoft’s new platform helps carriers modernize faster without waiting for core replacement.

Posted: Oct 23, 2025

ITC Briefing: EY’s Chris Raimondo on Insurers’ Enterprise Turn Toward AI

IIR

The consulting leader says carriers are moving from experimentation to enterprise-scale adoption while balancing risk, resilience, and modernization priorities.

Posted: Oct 23, 2025

ITC Briefing: Fenris’ CEO on Predictive AI and Distribution Efficiency

IIR

Jennifer Linton describes how Fenris helps insurers and MGAs use real-time data and machine learning to prioritize, qualify, and retain better risks.

Posted: Oct 23, 2025

Porch expands Home Factors with new roof and electrical insights

coverager

Home Factors provides insurers with property data to improve underwriting and risk selection.

Posted: Oct 23, 2025