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Cliff Falkenhagen is to succeed Wolfgang Jöbkes, who is retiring after more than 46 years with the DEVK Group, as Chief Underwriter Officer (CUO) of DEVK RE, the reinsurance subsidiary of the German insurer. Since 1987, Jöbkes has successfully hea...
Posted: Dec 18, 2025
Bill Ackman, founder and CEO of Pershing Square Capital Management, says Howard Hughes’ $2.1 billion acquisition of specialty insurer and reinsurer Vantage Group echoes Warren Buffett’s early moves at Berkshire Hathaway, as the company he backs lo...
Posted: Dec 18, 2025
Posted: Dec 18, 2025
Apollo Expands Asset-Level Risk Reviews to Reflect Impact of Extreme Weather Apollo Global Manageme...
Posted: Dec 18, 2025
Hyundai, Kia Must Repair Millions of Cars Under Deal to Fix Anti-Theft Technology Automakers Hyundai an...
Posted: Dec 18, 2025
Attorney General Brenna Bird announced she has sued the online gaming company Roblox for allegedly failing to take necessary steps to protect Iowa kids from sexual exploitation, facilitating distribution of child sex abuse material, and failing to wa...
Posted: Dec 18, 2025
Insurer Munich Re and Germany’s KfW Development Bank are introducing a state-backed program to mitigate the financial risk of geothermal drilling and encourage exploration for the renewable heat and power source. Geothermal power is an abundant...
Posted: Dec 18, 2025
A woman who allegedly pushed razor blades into loaves of bread at two Biloxi, Mississippi, Walmart stores was arrested on Tuesday. Camille Benson, 33, of Texas, has been charged with attempted mayhem. Her bond is set at $100,000. Harrison County R...
Posted: Dec 18, 2025
The Financial Services Regulatory Authority (FSRA), the regulatory body overseeing financial services within the Abu Dhabi Global Market (ADGM), has released a Discussion Paper outlining a series of strategic enhancements to its insurance regulato...
Posted: Dec 18, 2025
This edition of International People Moves details appointments at Markel Insurance and Tokio Marine Kiln. A summary of these new hires follows here. Markel Int’l Taps AXIS’ Howell as Senior War and Terrorism Underwriter Markel Insurance,...
Posted: Dec 18, 2025
Plans to “carry out an attack” in New Orleans were thwarted after an ex-Marine was arrested while on the way to the Louisiana city with guns and body armor in the car, according to court documents obtained Tuesday by The …
Posted: Dec 18, 2025
Texas Department of Insurance (TDI) Deputy Commissioner Jamie Walker won this year’s Robert Dineen Award, the highest honor for a state regulator bestowed by the National Association of Insurance Commissioners (NAIC). NAIC President Jon Godfrea...
Posted: Dec 18, 2025
Fitch Ratings expects most Sri Lankan insurers’ losses from Cyclone Ditwah flooding to be limited due to low non-motor retention and reinsurance. However, the National Insurance Trust Fund Board (NITF), the country’s sole local reinsur...
Posted: Dec 18, 2025
United Pride Dairy LLC, a dairy farm in Phillips, Wisconsin, violated federal law when it subjected three employees of Mexican origin to disparate treatment in the terms and conditions of employment, and also subjected a female employee to sexual har...
Posted: Dec 18, 2025
Posted: Dec 18, 2025
After celebrating Donald Trump’s second presidential term by swilling cocktails and partying to Snoop Dogg at a pre-inauguration event in January, the crypto industry went on to notch major legislative and regulatory victories this year. But th...
Posted: Dec 18, 2025
BMS Group Ltd, the London-based re/insurance broker, this week announced a strategic partnership in India with Berns Brett India as well as the launch of BMS (DIFC) Ltd., in Dubai, with immediate effect. BMS has acquired a minority stake in …
Posted: Dec 18, 2025
Markel Insurance, the insurance operation within Markel Group Inc., has appointed James Howell as Senior War and Terrorism Underwriter, effective immediately. Howell holds nearly a decade of specialised experience in terrorism underwriting, having...
Posted: Dec 18, 2025
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of pet health insurance provider Independence Amer...
Posted: Dec 18, 2025
Insurance Industry ‘Megadeals’ Dominate 2025, Says PwC "Megadeals" are rul...
Posted: Dec 18, 2025
Viewpoint: Stable Operating Conditions Expected for European Insurers in 20...
Posted: Dec 18, 2025
Hacking Group ‘ShinyHunters’ Claims Theft of Data From User...
Posted: Dec 18, 2025
Insurance AI Demo Day Calendar Announced Wells Media Group Inc. today announced the 2026 Insurtech...
Posted: Dec 18, 2025
Global reinsurance broker Howden Re, in partnership with Howden Iberia, has been chosen to provide natural catastrophe modelling services for Spain’s national insurance pool for extraordinary risks, the Consorcio de Compensación de Seguros (...
Posted: Dec 18, 2025
Specialist re/insurance broker Miller has hired Elisabeth Chalon Lambertin and Toni Beltzer to further expand its Surety offering in Europe. Both Lambertin and Beltzer join Miller from Transitions, a surety broker specialising in surety, construct...
Posted: Dec 18, 2025
Oil tankers hauling Russian crude across the Black Sea are taking a roundabout route along the coastlines of Georgia and Turkey — a measure that might help them to reduce the risk of being targeted by Ukrainian sea drones. Vessel …
Posted: Dec 18, 2025
The January 1 reinsurance renewal season is running later than anticipated, characterised by a delay in Firm order term (FOT) issuance and very few contract signings to date, according to a new report from KBW analysts following their semi-annual...
Posted: Dec 18, 2025
Getlink, the company that manages and operates the Channel Tunnel infrastructure between France and the United Kingdom, has reached an agreement with its insurers for approximately €55 million in compensation for ElecLink’s operating losses follow...
Posted: Dec 18, 2025
Holding company Howard Hughes Holdings Inc. has agreed to acquire 100% of specialty insurer and reinsurer, Vantage Group Holdings Ltd., for approximately $2.1 billion in an all-cash transaction, subject to customary regulatory approvals. Founded i...
Posted: Dec 18, 2025
Volt Underwriting, the MGA formed to support clients and brokers active in the energy sector, has renewed its binder to underwrite conventional and renewable power generation and midstream risks, increasing its line size to $50 million for 2026. A...
Posted: Dec 18, 2025
As the reinsurance industry approaches the January 1 renewal season, Carmen Bueso, Chief Underwriting Officer (CUO) Non-Life at Spanish reinsurer MAPFRE Re, notes that while the current market offers opportunities, the industry must avoid repeatin...
Posted: Dec 18, 2025
Kerrville, TX — December 18, 2025 — Industry veteran Trent Richmond has launched Executio, bringing an Execution-as-a-Service (EaaS) model to the independent agency channel to address the conditions that have long suppressed growth, profit, and reali...
Posted: Dec 18, 2025
More than 450 people are suing Japan’s government and seeking damages of 1,000 yen ($6) each, alleging one of the world’s top greenhouse gas emitters isn’t doing enough to combat global warming. The lawsuit, filed Thursday at the To...
Posted: Dec 18, 2025
Amiga Specialty, a specialist managing general agent (MGA) backed by B.P. Marsh, has bolstered its transactional risks division, expanding its offering in Europe by hiring a team which includes Sam Batchelor serving as Head of Transactional Risks...
Posted: Dec 18, 2025
When Albania appointed the world’s first AI-powered cabinet minister in September 2025 in an effort to help stamp out corruption from public procurement, reactions ranged from optimism to disbelief. Whether symbolic or substantive, the announce...
Posted: Dec 18, 2025
PRISM, a newly founded managing general agent (MGA) established by industry veterans and backed by Convex and Efinity Insurance Solutions (EIG), has officially launched in Singapore and Hong Kong and will begin underwriting on 18 December 2025. Br...
Posted: Dec 18, 2025
Richard Keegan, a property reinsurance and retrocession broking expert, has joined specialist reinsurance broker Willis Re following a nine-year tenure at Guy Carpenter. With 15 years in the industry, Keegan has dedicated his entire career in Berm...
Posted: Dec 18, 2025
President Donald Trump signed an executive order Thursday pressuring states not to regulate artificial intelligence. Trump and some Republicans argue that the limited regulations already enacted by states, and others that might follow, will dampen in...
Posted: Dec 18, 2025
Beazley’s Board has appointed Paul Bantick, the firm’s Group Chief Underwriting Officer, as an executive director, effective 1 January 2026. Bantick currently leads the strategic direction of Beazley’s specialist underwriting portfolio, ensuring c...
Posted: Dec 18, 2025
Posted: Dec 18, 2025
Alphabet Inc.’s Google filed a lawsuit against alleged Chinese cybercriminals, accusing the group of orchestrating a vast phishing campaign designed to dupe Americans into turning over their credit card numbers. The group, which Google refers t...
Posted: Dec 18, 2025
Wells Media Group Inc. today announced the 2026 Insurtech + AI Demo Day events calendar, a lineup of virtual events featuring live demos of the AI and technology tools and innovations shaping the insurance industry. The series is presented by …
Posted: Dec 18, 2025