All Posts

Russian Oil Tankers Cleave to Turkish Coast to Cut Drone Risks

Insurance Journal

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

Late but orderly 1.1 renewal as rate decreases deepen to upper teens: KBW

Reinsurance News

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 secures €55m insurance payout for ElecLink operating losses

Reinsurance News

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

Vantage to be acquired by Howard Hughes Holdings in ~$2.1bn transaction

Reinsurance News

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 expands energy sector coverage with binder renewal and increase

Reinsurance News

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

Underwriting discipline important amid challenging 1/1 renewal: Bueso, MAPFRE Re

Reinsurance News

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

Industry Veteran Trent Richmond Launches Executio to Address the Insurance Industry’s Chronic ‘Execu...

Insurance Journal

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

Japan Faces $6-a-Person Lawsuit Over Climate Change Risks

Insurance Journal

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 strengthens European transactional risks team with trio of hires

Reinsurance News

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

Viewpoint: AI Offers Key Engine for Insurers – From Prediction to Intelligent Decisioning

Insurance Journal

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

Convex backed MGA PRISM launches in Asia Pacific

Reinsurance News

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

Willis Re welcomes Guy Carpenter’s Richard Keegan

Reinsurance News

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

What to Know About Trump’s Executive Order to Curtail State AI Regulations

Insurance Journal

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 appoints CUO Paul Bantick to Board

Reinsurance News

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

Google Sues Chinese ‘Darcula’ Group Over Alleged Phishing Scheme

Insurance Journal

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

Insurance AI Demo Day Calendar Announced

Insurance Journal

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

Icahn Money Manager Sues His Bosses and Bausch + Lomb Over Anti-White Bias

Insurance Journal

A money manager at Carl Icahn’s investment firm is suing Bausch + Lomb Corp. and his billionaire employer, alleging he was discriminated against for being White. The manager, Steven Miller, claims he wasdenied a board seat when the activist inv...

Posted: Dec 18, 2025

Ex-Greensill Executives Charged in Germany Over Bankruptcy

Insurance Journal

German prosecutors charged two former board members of Greensill Bank AG for their roles in the 2021 demise of the lender. The men are charged with bankruptcy crimes and false accounting, a spokesman for Bremen prosecutors said in an emailed …

Posted: Dec 18, 2025

European Rating Agency Scope Plans Global Expansion Drive and IPO

Insurance Journal

Scope Ratings, which brands itself as Europe’s home-grown alternative to S&P, Moody’s and Fitch, plans a U.S. expansion drive and a stock market listing in the coming years, its founder and chief executive has told Reuters. Berlin-hea...

Posted: Dec 18, 2025

‘Door Knocker’ Roofers Were Everywhere. NC Farm Bureau Saw an Opportunity

Insurance Journal

It began with “door knockers” – the all-too-familiar practice of roofing companies telling homeowners that they could get a new roof with little or no out-of-pocket expense. North Carolina Farm Bureau Insurance, the 2nd-largest property i...

Posted: Dec 18, 2025

Lawyers Clash Over Angels’ Alleged Role in Skaggs’ Overdose Death

Insurance Journal

A lawyer for the family of late pitcher Tyler Skaggs argued that the Los Angeles Angels’ failure to investigate reports of drug use and dealing by the team’s communications director led to the overdose death of the 27-year-old player. An...

Posted: Dec 18, 2025

Mavis Tire to Pay $304K for Religious Discrimination Against Jewish Applicant

Insurance Journal

Mavis Tire Supply, a nationwide tire dealer and automotive service provider based in White Plains, New York, entered into a conciliation agreement with the U.S. Equal Employment Opportunity Commission (EEOC) to resolve a religious discrimination and...

Posted: Dec 18, 2025

NY Times Asks Judge to Dismiss Trump’s ‘Implausible’ Defamation Suit

Insurance Journal

The New York Times asked a judge to once again dismiss President Donald Trump’s $15 billion defamation lawsuit, arguing the complaint is based on “implausible allegations” that cannot overcome First Amendment protections. The suit f...

Posted: Dec 18, 2025

Rise of GLP-1 drugs brings substantial litigation risk: DAC Beachcroft

Reinsurance News

Law firm DAC Beachcroft warns of surging product liability claims that come with the rise of popular Glucagon-like peptide-1 receptor agonists (or GLP-1s), drugs for obesity management. While drugs like Ozempic and Wegowy offer health benefits, th...

Posted: Dec 18, 2025

NFP Acquires Hamilton Insurance in Virginia

Insurance Journal

Insurance broker NFP, an Aon company, announced the acquisition of Hamilton Insurance Agency, a property/casualty broker and benefits administration provider in Fairfax, Virginia. Hamilton has been a leader in the insurance market for the senior hous...

Posted: Dec 18, 2025

Zywave Releases Suite of Specialized AI Agents

Carrier Management

Zywave Releases Suite of Specialized AI Agents Insurance...

Posted: Dec 17, 2025

Poorer Americans Dropped Federal Flood Insurance When Rates Rose

Carrier Management

Poorer Americans Dropped Federal Flood Insurance When Rates Rose When the US Fe...

Posted: Dec 17, 2025

Big ‘I’ Members Recognized in 2025 Agent for the Future Awards

IA Magazine

Liberty Mutual awarded four Big “I” members for embracing innovative technologies, bringing value to their customers and empowering their employees.

Posted: Dec 17, 2025

Trump Takes Aim at State Regulation of AI

IA Magazine

President Donald Trump issued an executive order that seeks to restrict states’ ability to regulate artificial intelligence (AI).

Posted: Dec 17, 2025

Previsico Names Mark Pinkerton Chief Technical Officer

IIR

The former Guidewire and Risilience executive will lead technology strategy and platform development as the flood forecasting company expands globally.

Posted: Dec 17, 2025

Zurich UK appoints Paul Norcott as UK operations director

coverager

Norcott joined Zurich in 2024.

Posted: Dec 17, 2025

The Fidella Agency joins World

coverager

The agency specializes in commercial property/real estate insurance.

Posted: Dec 17, 2025

Progressive reports 87.1% CR for November

coverager

The insurer ended the month with a combined ratio of 87.1% and net income of $958 million.

Posted: Dec 17, 2025

Aviva partners with Percayso Inform

coverager

Aviva will use Percayso’s vehicle data enrichment solutions in its pricing, underwriting and claims operations.

Posted: Dec 17, 2025

Three Green Technologies Creating New Property Risks — and How to Manage Them

Risk & Insurance

As sustainable solutions become mainstream in buildings across North America, property owners and risk managers must understand the unique hazards posed by solar panels, electric vehicles, and mass timber construction. The post

Posted: Dec 17, 2025

Natural Catastrophe Insured Losses Exceed $100 Billion for Sixth Straight Year

Risk & Insurance

LA wildfires drive 2025 insured losses to $107 billion, with U.S. accounting for 83% of global total, according to Swiss Re Institute. The post

Posted: Dec 17, 2025

Viewpoint: What Marijuana’s Move to Schedule III Really Means for Cannabis Insurance

Insurance Journal

The cannabis world is buzzing about a possible move to reclassify marijuana from Schedule I to Schedule III under the Controlled Substances Act. If it happens, it will be a meaningful shift—especially for taxes and market access—but it will not &#823...

Posted: Dec 17, 2025