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LA Fires and U.S. Severe Convective Storms Drive Insured Losses of $107B in 2025

Carrier Management

LA Fires and U.S. Severe Convective Storms Drive Insured Losses of...

Posted: Dec 17, 2025

McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry

Carrier Management

McKinsey Plots Thousands of Job Cuts in Slowdown for Consulting Industry As McKinsey & Co. partne...

Posted: Dec 17, 2025

State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Order

Carrier Management

State Insurance Legislators ‘Greatly Disturbed’ by Trump AI Regulation Orde...

Posted: Dec 17, 2025

Executives on the Move at HSB, American Modern Insurance Group, AIG

Carrier Management

Executives on the Move at HSB, American Modern Insurance Group, AIG Munich Re Specialty announced...

Posted: Dec 17, 2025

California Regulator Puts Tesla Sales Suspension Order on Hold

Insurance Journal

A California regulator has deferred an order for Tesla to suspend sales in its biggest U.S. market, giving the electric vehicle maker more time to address its accusation of misleading marketing and overstating self-driving capabilities. The Departmen...

Posted: Dec 17, 2025

Aspen’s Justin Camara joins CFC to lead US growth strategy

Reinsurance News

Specialist insurer CFC has appointed Justin Camara, formerly of Aspen Insurance Holdings, as Chief Executive Officer (CEO) of CFC USA, tasked with leading the carrier’s growth strategy in the country. Expected to start his new role in the fi...

Posted: Dec 17, 2025

CFC Hires Aspen’s Camara as CEO of CFC USA

Insurance Journal

Specialist insurer CFC said it has named Justin Camara as chief executive officer of CFC USA Camara, a 30-year industry veteran, will arrive to lead CFC USA’s growth strategy in the U.S. from his latest role as executive vice president …

Posted: Dec 17, 2025

Property cat pricing to drift lower at Jan renewals but still attractive for reinsurers: Moody’s Rat...

Reinsurance News

Moody’s Ratings expects reinsurance supply and demand to favour buyers at the key January 1st, 2026, renewals, with pricing for property catastrophe reinsurance likely to fall in the range of 15%, with variations by both region and peril. Af...

Posted: Dec 17, 2025

Viewpoint: The 2026 Forecast for European Insurers Is Partly Cloudy

Insurance Journal

The European insurers that S&P rates displayed good operating performance in the life and non-life segments in 2025, and we expect they will largely continue to do so in 2026. The European insurance sector is exposed to many external risks, &#823...

Posted: Dec 17, 2025

BMS expands into India with new strategic partnership

Reinsurance News

BMS Group has announced a strategic partnership with Berns Brett India, signalling its expansion into the Indian market, with the local entity set to be rebranded BMS (India) Ltd pending regulatory approval. Nick Gillett, CEO of BMS International,...

Posted: Dec 17, 2025

Passenger Ferry Held for Hours After Suspected Russian Hack

Insurance Journal

European investigators are probing whether Russian military hackers breached computer systems on a vessel owned by MSC-Mediterranean Shipping Company SA, the world’s largest container shipping group, according to people familiar with the matter...

Posted: Dec 17, 2025

Jefferies flags further property pricing deterioration after mild hurricane season

Reinsurance News

In a new report, Jefferies analysts have warned that risk-adjusted pricing is set to deteriorate further, with a benign hurricane season potentially triggering 10–15% declines. According to the analysts, property risk-adjusted rates turned negativ...

Posted: Dec 17, 2025

Maximum Information raises £2.3m in seed round led by Insurtech Gateway

Reinsurance News

Maximum Information has closed its £2.3 million seed round, led by Insurtech Gateway with participation from Liberty Mutual Strategic Ventures, Convex and Portfolio Ventures. Founded in 2020, Maximum Information is committed to increasing global r...

Posted: Dec 17, 2025

Risksmith Launches New Earthquake Program for Hard-to-Place Property Risks

Insurance Journal

ATLANTA, G.A. (Dec. 17, 2025) – Risksmith Insurance Services, a specialty Managing General Underwriter (MGU) known for its expertise across the E&S property landscape, today announced the launch of its new Difference in Conditions (DIC) Earthquak...

Posted: Dec 17, 2025

Ohio Man Sentenced in Multi-State Car Theft Ring

Insurance Journal

The lead defendant in a $1.5 million chop shop conspiracy was sentenced in U.S. District Court last week to 84 months in prison, the U.S. Attorney’s Office, Southern District of Ohio announced. Kahrese Tracey Scott Lee, 28, of Cincinnati, plead...

Posted: Dec 17, 2025

Trump Orders ‘Blockade’ of Sanctioned Oil Tankers Leaving, Entering Venezuela

Insurance Journal

U.S. President Donald Trump ordered on Tuesday a “blockade” of all sanctioned oil tankers entering and leaving Venezuela, in Washington’s latest move to increase pressure on Nicolas Maduro’s government, targeting its main sour...

Posted: Dec 17, 2025

Henrietta Butcher to lead Lockton Re’s new LNAPS division

Reinsurance News

Lockton Re, the reinsurance arm of insurance broker Lockton, has launched a new division, London North America Portfolio Solutions (LNAPS), which industry leader Henrietta Butcher will lead. Butcher was previously a Managing Director at Tysers, ha...

Posted: Dec 17, 2025

Brit hires Jane Bioletti from Lloyd’s as Head of Operations

Reinsurance News

Global specialty insurer and reinsurer Brit Group Holdings Limited has hired Jane Bioletti from Lloyd’s as its new Head of Operations, reporting to Susan Andrew, Operations Director at the firm. Bioletti joined Brit in December from the spec...

Posted: Dec 17, 2025

AM Best confirms stable outlook for Malaysia’s non-life insurance sector

Reinsurance News

Credit rating agency AM Best has confirmed a stable outlook for Malaysia’s non-life insurance sector, highlighting regulatory measures aimed at boosting insurance penetration and the phased removal of tariffs on motor and fire insurance. The ratin...

Posted: Dec 17, 2025

Ohio Bakery Faces $394K in Fines for Unsafe Working Conditions

Insurance Journal

The U.S. Department of Labor has cited an Ohio commercial bakery after a federal investigation determined the employer had allegedly exposed workers to unsafe working conditions including chemical, caught-between and caught-in, pinch-point, and struc...

Posted: Dec 17, 2025

Water Shortages in South Texas Drive Downgrade of Corpus Christi

Insurance Journal

A drought in South Texas caused Moody’s Ratings to downgrade the city of Corpus Christi, which projects demand for water will outpace supply by the spring of 2027. The ratings company lowered the city of roughly 320,000 people to A1 …

Posted: Dec 17, 2025

Pre-arranged disaster finance hits record high, Centre for Disaster Protection finds

Reinsurance News

The Centre for Disaster Protection, an independent organisation working to strengthen the way the global system finances responses to climate and disaster shocks, has published new analysis showing that pre-arranged disaster risk finance has expan...

Posted: Dec 17, 2025

EU to Abandon Combustion Engine Ban in Win for Carmakers

Insurance Journal

The European Union is set to propose softening emissions rules for new cars, scrapping an effective ban on combustion engines following months of pressure from the automotive industry. The proposal will allow carmakers to slow the rollout of electric...

Posted: Dec 17, 2025

Update: EU Eases Combustion Engine Ban to Help Ailing Industry

Insurance Journal

The European Union pulled back from an effective ban on combustion engines and offered more flexibility for carmakers in the transition to cleaner transport after months of industry pressure. The move suggests a slower rollout of electric vehicles in...

Posted: Dec 17, 2025

Spain Swine Fever Outbreak Grows With 10 New Wild Boar Deaths

Insurance Journal

Spain reported 10 new cases of wild boar deaths from African swine fever, expanding an outbreak that has put the major pork exporter into high alert. The dead animals, which bring the total count to 26 since the outbreak emerged …

Posted: Dec 17, 2025

Hacking Group ‘ShinyHunters’ Claims Theft of Data From Users of Pornhub

Insurance Journal

The hacking group “ShinyHunters” said on Tuesday it has stolen data belonging to premium customers of the leading sex website Pornhub and is threatening to publish it. Although Reuters could not immediately establish the scope, scale, or...

Posted: Dec 17, 2025

Hyundai, Kia Agree to Retrofit 7 Million Vehicles to Address Theft Concerns

Insurance Journal

Korean automakers Hyundai and Kia agreed to retrofit 7 million U.S. vehicles to address theft concerns and install prevention equipment on all new vehicles to resolve an investigation by a bipartisan coalition of 35 attorneys general. The state attor...

Posted: Dec 17, 2025

Massachusetts Reports First Case of Silicosis in Stone Countertop Worker

Insurance Journal

Massachusetts public health officials have reported the first confirmed case of silicosis in the stone countertop fabrication industry in the state. The first confirmed case was recently diagnosed in a Hispanic man in his 40s who, for the past 14 &#8...

Posted: Dec 17, 2025

Swiss Re’s Amitabha Ray on tackling Asia’s protection gap and emerging risks in 2026

Reinsurance News

In a recent Reinsurance News interview, Amitabha Ray, Chief Executive Officer of Swiss Re India branch, shared his insights on the evolving landscape for reinsurance in 2026, with a particular focus on the Indian and broader Asia Pacific markets....

Posted: Dec 17, 2025

Washington Commissioner Tells Insurers to Give Relief on Premium Payments, Cancellations

Insurance Journal

Washington Insurance Commissioner Patty Kuderer issued an emergency order that includes asking insurers in the state to provide grace periods for premium payments and a cancelation moratorium. The order was drafted to provide relief to Washington pol...

Posted: Dec 17, 2025

Washington Commish Tells Insurers to Give Relief on Payments, Cancellations

Insurance Journal

Washington Insurance Commissioner Patty Kuderer issued an emergency order that includes asking insurers in the state to provide grace periods for premium payments and a cancelation moratorium. The order was drafted to provide relief to Washington pol...

Posted: Dec 17, 2025

Trupanion partners with Shelters United to embed pet insurance at adoption

coverager

Eligible Shelters United members can offer newly adopted cats and dogs 30 days of comprehensive Trupanion coverage at no upfront cost.

Posted: Dec 17, 2025

SilverLeaf Insurance Group joins World Insurance Associates

coverager

SilverLeaf was established in 2009 and offers business, health, life and personal insurance lines to clients in multiple states across the nation.

Posted: Dec 17, 2025

WTW moves to exit rating organization role in Oregon

coverager

The move appears to be a strategic and regulatory step.

Posted: Dec 17, 2025

Maximum Information raises £2.3 million

coverager

The startup offers catastrophe risk analytics.

Posted: Dec 17, 2025

Aon expands open catastrophe modelling in Latin America

coverager

The firm says open modelling is increasingly important as climate volatility and regulatory scrutiny push insurers to better understand assumptions, data sources, and model behavior.

Posted: Dec 17, 2025

Mitsui Sumitomo Insurance VC backs Livetoon

coverager

Livetoon is led by CEO Kyosuke Kinoshita and is headquartered in Tokyo.

Posted: Dec 17, 2025

Loop is being liquidated

coverager

December 2025 — InsureMO, an insurance middleware platform, and Digile Technologies, a certified ServiceNow partner, today announced the launch of a jointly developed insurance accelerator designed to help insurers modernize...

Posted: Dec 17, 2025

Texas Sues Utility Company Xcel Over ‘Blatant Negligence’ in Fatal Wildfire

Insurance Journal

Texas Attorney General Ken Paxton sued Xcel Energy Inc., accusing the utility company of “blatant negligence” over its role in the Smokehouse Creek wildfire that killed three people and caused more than $1 billion in damage last year. &#8...

Posted: Dec 17, 2025