All Posts

Swiss Re and RIQ partner to accelerate AI-enabled risk solutions in UAE

Reinsurance News

Swiss Re and Reinsurance Intelligence Quotient (RIQ) have signed a Memorandum of Understanding (MoU) to develop and scale innovative capacity solutions, risk origination opportunities and AI-enabled capabilities across the UAE. RIQ, headquartered...

Posted: Dec 10, 2025

Markets/Coverages: MGA Navium Launches Consortium for Pre-Launch Satellite Risks

Insurance Journal

Navium Marine, the marine-focused specialty MGA operating through The Fidelis Partnership’s Pine Walk platform, announced the launch of the “Constellation Consortium,” which it described as “the largest satellite pre-launch co...

Posted: Dec 10, 2025

FEMA Adds Another $33M for Helene Recovery in North Carolina

Insurance Journal

The Federal Emergency Management Agency announced another $33 million in Hurricane Helene recovery projects in North Carolina, bringing the agency’s total spending on public assistance grants since the storm to more than $1 billion. The funding...

Posted: Dec 10, 2025

Acrisure to acquire underwriting MGA Vave from Canopius

Reinsurance News

Acrisure has agreed to acquire Vave, a tech-first underwriting Managing General Agent, from international specialty and P&C re/insurer Canopius Group. Vave, which uses data-driven, precision underwriting to deliver instantly bindable quotes on...

Posted: Dec 10, 2025

Michigan Reports Finds 2019 Auto Reform Reduced Insurance $357

Insurance Journal

The Michigan Department of Insurance and Financial Services this month released a report on the impact of the state’s 2019 auto insurance reform and found cost was reduced an average of $357 per vehicle. “In 2019, Democrats and Republican...

Posted: Dec 10, 2025

Reuters: Ben & Jerry’s Board Chair Won’t Resign as Pressure Mounts From Unilever Unit

Insurance Journal

The chair of Ben & Jerry’s independent board said she has no plans to resign as Unilever pressured her ahead of Monday’s public spinoff of its Magnum ice cream division, which will include the Vermont-based brand. Magnum, a longtime d...

Posted: Dec 10, 2025

Disney’s New Disability Access Policies Are Too Restrictive, Lawsuit Contends

Insurance Journal

Changes that Disney made to a popular program that lets qualifying disabled people skip long lines at its California and Florida theme parks are too restrictive, disabled fans contend in a federal lawsuit and shareholder proposal that seek to expand...

Posted: Dec 10, 2025

Verisk and KYND expand collaboration to strengthen cyber resilience

Reinsurance News

Verisk, a global data analytics and technology provider to the global insurance industry, has expanded its strategic collaboration with KYND, a provider of cyber risk management services, to bring enhanced cyber risk intelligence to the insurance...

Posted: Dec 10, 2025

Workers’ Comp Market Reaches Critical Juncture as California’s Combined Ratio Hits 127%

Risk & Insurance

A decade of declining rates ends as medical inflation, litigation costs and reserve pressures reshape the industry landscape nationwide, Risk Placement Services reports. The post

Posted: Dec 10, 2025

Texas Plan to Stop Parasitic Fly From Destroying Cattle Population Is Not Complete

Insurance Journal

As Mexican officials battle the spread of New World Screwworm, Texas officials are still working to finalize a response plan that would be enacted should the parasitic fly spread into the state. Texas lawmakers questioned state and federal officials...

Posted: Dec 10, 2025

US Slaps New Charges on Ukrainian Over Russian Cyberattacks

Insurance Journal

The US Department of Justice unveiled additional charges against a Ukrainian woman accused of supporting Russian state-backed cyberattacks against critical infrastructure. Victoria Eduardovna Dubranova, 33, was indicted on Tuesday over her alleged li...

Posted: Dec 10, 2025

Howden appoints industry veteran Strickland to lead new Space insurance practice

Reinsurance News

Insurance intermediary group Howden has announced Clive Strickland has joined the company to establish and lead its new dedicated Space insurance practice. An industry veteran with over 25 years of experience in the sector, Strickland has a proven...

Posted: Dec 10, 2025

Cyber insurance predicted to become mandatory as digital threat landscape grows: Kennedys

Reinsurance News

As the digital threat landscape becomes more volatile and unsettling, cyber insurance is predicted to become a mandatory requirement for doing business, driven by pressure from large corporate clients, according to market predictions by Tom Pelham...

Posted: Dec 10, 2025

Massachusetts Asks Judge to Block Kalshi From Operating Sports-Prediction Market

Insurance Journal

addictioA Massachusetts judge on Tuesday questioned whether prediction-markets operator Kalshi could legally offer the state’s residents the ability to place financial bets on something as “trivial” as who wins sporting events witho...

Posted: Dec 10, 2025

WTW to Acquire Newfront in Deal Worth Up to $1.3B

Insurance Journal

Broker WTW said it has a definite agreement in place to acquire Newfront for up to $1.3 billion in a move to expand its middle-market reach in specialties such as technology, fintech, and life sciences. The transaction is expected to …

Posted: Dec 10, 2025

Record Government Shutdown Won’t Derail Workers’ Comp: NCCI

Risk & Insurance

Analysis of historical data suggests the 43-day funding lapse will cause only temporary disruptions rather than lasting damage to GDP or workers' compensation trend. The post

Posted: Dec 10, 2025

Abu Dhabi Investment Office and PFI collaborate to advance reinsurance capacity

Reinsurance News

The Abu Dhabi Investment Office (ADIO) and Prudential Financial Inc (PFI) have signed a strategic collaboration to expand Abu Dhabi’s reinsurance capacity, as well as long-term investment, retirement savings, and income. PFI has joined Abu Dhabi’s...

Posted: Dec 10, 2025

Water, Freezing and Fire Damage Top Small Businesses Claims

Risk & Insurance

A 10-year comparison of leading claims by The Hartford reveals shifting risks for business owners, including litigation driving up liability costs. The post

Posted: Dec 10, 2025

Truckers Who Fail English Tests Are Pulled Off Roads in Crackdown

Insurance Journal

Truck drivers are encountering a new risk on the highway: Law enforcement officers are empowered by the Trump administration to pull them off the road if they fail an English test. The government argues the rules are critical to safety. …

Posted: Dec 10, 2025

IFC to acquire 20% in VIG’s two Ukrainian non-life insurers

Reinsurance News

The International Finance Corporation (IFC), a member of the World Bank Group, will acquire a stake of around 20% in each of Vienna Insurance Group’s (VIG) two Ukrainian non-life insurers, USG and Kniazha, through a capital increase, subject to re...

Posted: Dec 10, 2025

EU Strikes Deal on Climate Target to Cut Emissions by 90% by 2040

Insurance Journal

The European Union agreed on Wednesday to set a legally binding climate target to reduce greenhouse gas emissions by 90% from 1990 levels by 2040, and buy foreign carbon credits to cover 5% of the emissions cuts, goals that fell …

Posted: Dec 10, 2025

Willis Re hires three Guy Carpenter marine and energy specialists

Reinsurance News

Willis Re, a specialised reinsurance broker, has welcomed three new hires, Freddie Vaughan, Graham Devlin, and Nicola McIntosh, who are joining the company from Guy Carpenter, the reinsurance arm of Marsh McLennan. Vaughan brings over 14 years of...

Posted: Dec 10, 2025

Willis Re hires Guy Carpenter marine and energy specialists

Reinsurance News

Willis Re, a specialised reinsurance broker, has welcomed numerous marine and energy specialists from Guy Carpenter, the reinsurance arm of Marsh McLennan. Freddie Vaughan brings over 14 years of experience in the Specialty Reinsurance market. He...

Posted: Dec 10, 2025

World Watches First Teen Social Media Ban Start in Australia

Insurance Journal

Australia’s social media ban for youths took effect Wednesday, a landmark move that’s drawn global attention at a time governments are increasingly enacting rules to shield minors from toxic content and cyberbullying. The law, passed last...

Posted: Dec 10, 2025

Pressures for cyber re/insurers in mature markets but opportunities exist in other regions: S&P

Reinsurance News

According to new analysis by S&P Global Ratings, cyber re/insurers face pricing pressure and increased competition in mature markets, especially the US, although growth opportunities exist in under-penetrated regions and from small and mid-siz...

Posted: Dec 10, 2025

WTW expands US middle market reach with up to $1.3bn Newfront acquisition

Reinsurance News

Global insurance and reinsurance broking group WTW has agreed to acquire San Francisco-based Newfront, a top 40 US broker combining deep specialty expertise and cutting-edge technology, for upfront and contingent consideration payments amounting t...

Posted: Dec 10, 2025

Beijing Court Orders Malaysia Airlines to Pay Damages to Families of MH370 Victims

Insurance Journal

A Beijing court has ruled Malaysia Airlines must pay 2.9 million yuan ($410,000) each to the families of eight passengers who went missing in the disappearance of Flight 370 more than a decade ago. The court ordered the airline to …

Posted: Dec 10, 2025

Asahi Sales Drop Worsens as Cyber Hack Disruption Lingers

Insurance Journal

Asahi Group Holdings Ltd.’s November beer and other alcohol sales in Japan fell more than the previous month, underscoring the challenges the company faces in recovering from a cyberattack that crippled production and distribution. Asahi said o...

Posted: Dec 10, 2025

Canada Life completes £330m buy-in with Comet Pension Scheme

Reinsurance News

Canada Life UK has completed a £330 million full-scheme buy-in transaction with the Comet Pension Scheme, securing the future benefits of 4,500 pension scheme members. According to Canada Life UK, the Comet Pension Scheme’s sponsoring employer is...

Posted: Dec 10, 2025

Japan’s Cyber Chief Warns Nation Still Behind on Cybersecurity

Insurance Journal

Japan still lags behind the US and Europe in defending against cyber threats and improvements are needed across the corporate sector, the nation’s new cyber chief said. “We have our intention to improve our capability, but it’s just...

Posted: Dec 10, 2025

Ortec Finance warns insurers of mounting climate-driven financial pressures

Reinsurance News

Ortec Finance, recognised for its technology and risk-management expertise within the financial sector, has issued new findings that underscore how rapidly climate pressures are reshaping the insurance industry’s financial outlook. The company’s r...

Posted: Dec 10, 2025

Private Equity Firm Brookfield Targets Global Dominance in P/C Insurance Coverage

Insurance Journal

Brookfield Corp. plans to build its property and casualty insurance business as it looks to exploit a corner of the insurance industry in which the firm has a competitive edge and hasn’t been crowded by other private equity players. The …

Posted: Dec 10, 2025

Generali Switzerland appoints new Chief Insurance Officers and updates executive leadership

Reinsurance News

Generali Switzerland, part of the global Generali Group and a provider of insurance and financial services in Switzerland, has reorganised its Insurance division by separating Life and Non-Life operations as of 1 July 2025. Ralph Schmid will conti...

Posted: Dec 10, 2025

Aegon to shift HQ to U.S. in major strategic pivot

Reinsurance News

Aegon used its Capital Markets Day 2025 to lay out plans to become a leading US life insurance and retirement group and to shift its head office and legal seat to the United States, a transition it aims to complete by January 1, 2028. Following th...

Posted: Dec 10, 2025

European P&C pricing to weaken in 2026 driven by property cat reinsurance declines: J.P. Morgan

Reinsurance News

J.P. Morgan, a financial institution with analytical coverage of the insurance sector, characterises the approaching phase of the European P&C landscape as one led by softening property catastrophe reinsurance rates and a broader loss of prici...

Posted: Dec 10, 2025

Lloyds Banking Group enters into three further longevity transactions

Reinsurance News

Lloyds Banking Group Pensions Trustees Limited has entered three new longevity insurance and reinsurance transactions, safeguarding a further £4.8 billion of pension liabilities against the risk of unexpected increases in member life expectancy. T...

Posted: Dec 10, 2025

Education Dept. Workers Targeted in Layoffs Return to Tackle Civil Rights Backlog

Insurance Journal

The Trump administration is bringing back dozens of Department of Education staffers who were slated to be laid off, saying their help is needed to tackle a mounting backlog of discrimination complaints from students and families. The staffers had be...

Posted: Dec 10, 2025

Brokerslink expands African footprint with Mauritian Proxy Brokers

Reinsurance News

Global broking business, Brokerslink, has expanded its African footprint by adding Proxy Brokers, marking its first presence in Mauritius. This new affiliate aims to strengthen Brokerslink’s presence in the region, with Mauritius becoming the 42nd...

Posted: Dec 10, 2025