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K2 and Dale Get ‘In Principle’ Nod From Lloyd’s to Launch Syndicate 1954

Insurance Journal

Dale Underwriting Partners, the trading name for Dale Managing Agency Ltd.’s Lloyd’s Syndicate 1729, and K2 Insurance Services, an independent MGA platform, have received “in principle” approval from Lloyd’s to launch Sy...

Posted: Nov 17, 2025

HDI Global’s net income up 13% in 9M’25 and insurance revenue reaches €7.6bn

Reinsurance News

HDI Global, a commercial and specialty lines insurer, has announced continued growth in both revenue and net income for its 9-month results, totalling EUR 7.6 billion and EUR 409 million respectively. According to the insurer, the main drivers beh...

Posted: Nov 17, 2025

Los Angeles Showers Wane After Record Southern California Rain

Insurance Journal

Showers will be winding down across Los Angeles and Southern California after record rains brought raised the risks of floods and mudslides, especially in areas scorched by recent wildfires. Downtown Los Angeles received 1.65 inches Saturday, a recor...

Posted: Nov 17, 2025

Businessman Accused in Trafigura Nickel Nightmare Goes on Trial

Insurance Journal

More than two years after it emerged that Trafigura Group lost over half a billion dollars in an alleged nickel fraud, a trial began as the trading giant attempts to recover losses from the man it says was behind the …

Posted: Nov 17, 2025

Update: Businessman Accused in Trafigura Nickel Nightmare Goes on Trial

Insurance Journal

More than two years after it emerged that Trafigura Group lost over half a billion dollars in an alleged nickel fraud, a trial began as the trading giant attempts to recover losses from the man it says was behind the …

Posted: Nov 17, 2025

Renewal rates down across all Canada’s major commercial lines: Applied Systems

Reinsurance News

Applied Systems has released the third quarter 2025 results of the Applied Commercial Index, the Canadian insurance industry’s premium rate index, showing that average renewal rate change decreased across all of the most commonly placed commercial...

Posted: Nov 17, 2025

Tenn. Police Officer in Critical Condition After Crash in JD Vance’s Motorcade

Insurance Journal

Two law enforcement vehicles crashed in Tennessee on Friday night while supporting Vice President JD Vance’s motorcade, sending a police officer to the hospital in critical condition, authorities said. The crash in Maryville, about 17 miles (27...

Posted: Nov 17, 2025

Two-Year-Old Falls From 20-Story New Jersey Apartment Building

Insurance Journal

Authorities in New Jersey are investigating the death of a 2-year-old boy who was reported to have fallen from a 20th-story window. Newark police were called to a high-rise apartment building at 7 a.m. Saturday on the report of a …

Posted: Nov 17, 2025

Immigration Enforcement Surge Begins in Charlotte, Federal Officials Confirm

Insurance Journal

Federal officials confirmed Saturday that a surge of immigration enforcement in North Carolina’s largest city has begun, as agents were seen making arrests in multiple locations. “Americans should be able to live without fear of violent c...

Posted: Nov 17, 2025

Anthropic Warns of AI-Driven Hacking Campaign Linked to China

Insurance Journal

A team of researchers has uncovered what they say is the first reported use of artificial intelligence to direct a hacking campaign in a largely automated fashion. The AI company Anthropic said this week that it disrupted a cyber operation …

Posted: Nov 17, 2025

Send appoints Daniel Pass as Chief Technology Officer

Reinsurance News

Send Technology Solutions Ltd (Send), an insurtech firm, has announced the appointment of Daniel Pass as Chief Technology Officer. In his new role, Pass will lead Send’s technology vision, oversee the development of its next-generation platform, a...

Posted: Nov 17, 2025

AM Best Downgrades State Farm Mutual Auto

Carrier Management

AM Best Downgrades State Farm Mutual Auto AM Best has downgraded the f...

Posted: Nov 17, 2025

ARC launches WAQF ReTakaful Facility to advance climate resilience in Africa

Reinsurance News

The African Risk Capacity (ARC) Group has established the WAQF ReTakaful Facility, a first-of-its-kind Sharia-compliant reinsurance initiative aimed at advancing climate resilience and inclusive finance in ARC member states, facilitated by AlHuda...

Posted: Nov 17, 2025

European Central Bank’s Guindos Says Financial-Stability Risks Remain Elevated

Insurance Journal

European Central Bank Vice President Luis de Guindos said financial-stability risks are still high due to the unpredictable outlook for the global economy and trade. “Vulnerabilities remain elevated in view of uncertainty over geoeconomic trend...

Posted: Nov 17, 2025

2026 to be a defining year for reinsurance M&A: DXC Technology’s Mahon

Reinsurance News

James Mahon, Reinsurance Pre-Sales Lead at DXC Technology, said that softening rates, abundant capital, and strategic repositioning are setting the stage for 2026 to be a defining year for reinsurance mergers and acquisitions (M&A). In an inte...

Posted: Nov 17, 2025

Lockton Re names RenRe’s Mike McCann as US Casualty Product Leader

Reinsurance News

Lockton Re, the reinsurance business of global insurance broker Lockton, has appointed Mike McCann as US Casualty Product Leader, based in New York. McCann has nearly two decades of reinsurance industry experience, most recently serving as the Sen...

Posted: Nov 17, 2025

Consumer Watchdog Proposes End to Civil Rights-Era Anti-Discrimination Requirements

Insurance Journal

he U.S. federal consumer finance watchdog on Wednesday proposed narrowing key civil-rights-era anti-discrimination requirements for the financial industry, advancing Republican President Donald Trump’s effort to curtail long-standing policies h...

Posted: Nov 17, 2025

McGill and Partners expands capacity for Auton digital facility

Reinsurance News

McGill and Partners, the independent global specialty insurance and reinsurance broker, has announced an increase in capacity for Auton, its digital cross-class auto-follow facility. Entering its second year, the facility will increase its maximum...

Posted: Nov 17, 2025

Apple Must Pay Masimo $634M in Smartwatch Patent Case, Jury Says

Insurance Journal

A federal jury in California said on Friday that Apple owes medical-monitoring technology company Masimo $634 million for infringing a patent covering blood-oxygen reading technology. The jury agreed with Masimo that the Apple Watch’s workout m...

Posted: Nov 17, 2025

Appeals Court to Weigh Reviving Cases Over Tylenol and Autism

Insurance Journal

A U.S. appeals court is expected to hear arguments on Monday from families seeking to revive their lawsuits over Tylenol, after the Trump administration publicly promoted their claims that the popular painkiller is linked to autism in children. In ur...

Posted: Nov 17, 2025

Iran Forces Seize Oil Tanker After it Passes Hormuz Strait

Insurance Journal

Iranian forces seized an oil tanker sailing in the Gulf of Oman, diverting the vessel toward the country’s territorial waters on Friday after it passed the Strait of Hormuz, a US defense official said. The Marshall Islands-flagged tanker Talara...

Posted: Nov 17, 2025

CyberCube and Envoy Insure partner to embed cyber analytics in broker workflows

Reinsurance News

CyberCube, a provider of cyber risk analytics for the insurance industry, has entered into a Strategic Technology Ecosystem Partnership with Envoy Insure, a digital distribution platform for insurance brokers. Under the partnership, CyberCube’s an...

Posted: Nov 17, 2025

Act of Sabotage Damages Railway Line in East Poland, Tusk Says

Insurance Journal

Polish Prime Minister Donald Tusk said an explosion that caused damage to a railway route in the country’s east over the weekend was an act of sabotage. A passenger train made an emergency stop between Warsaw and the eastern city …

Posted: Nov 17, 2025

Update: Poland’s Tusk Says Act of Sabotage Behind Railway Explosion

Insurance Journal

Polish Prime Minister Donald Tusk said an explosion that damaged a railway route linking Poland with Ukraine was an act of sabotage, as the country confronts rising hybrid threats from Russia. “The explosion was most possibly intended to blow u...

Posted: Nov 17, 2025

MS&AD to acquire 18% stake in MassMutual’s Barings

Reinsurance News

Japanese insurance group MS&AD Insurance Holdings, through its subsidiary, Mitsui Sumitomo Insurance Co., Ltd. (MSI), is set to acquire an 18% equity stake in Barings, a global asset management subsidiary of MassMutual. Barings delivers innova...

Posted: Nov 17, 2025

Florida’s Tiawanya S. Wiley Named 2025 National Outstanding CSR of the Year, by The Risk & Insurance...

Insurance Journal

The Risk & Insurance Education Alliance is proud to announce that Tiawanya S. Wiley, AIAM, Customer Experience Manager for Responsive Insurance in Naples, Florida, has been named the 2025 National Outstanding CSR of the Year. Chosen from a distin...

Posted: Nov 17, 2025

Swiss Re urges bolder investment in Insurance-Linked Loans to strengthen sovereign disaster resilien...

Reinsurance News

Swiss Re Public Sector Solutions, the arm of the global reinsurer that works with governments, international institutions, and the broader public sector on risk transfer solutions, has suggested now is the time to invest more boldly in insurance-l...

Posted: Nov 17, 2025

US-based MGA Bobcat Re launches to deliver property treaty underwriting and portfolio expertise via...

Reinsurance News

Bobcat Re, a newly formed US-based MGA backed by private investors including members of the former K2 CAT team, has launched with a focus on delivering property treaty underwriting, portfolio management, and distribution expertise to capacity prov...

Posted: Nov 17, 2025

Dale and K2 receive ‘in principle’ approval from Lloyd’s to establish Syndicate 1954

Reinsurance News

Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, and MGA platform K2 Insurance Services, have received ‘in principle’ approval from Lloyd’s to establish a new Special Purpose Arrangement (SPA)...

Posted: Nov 17, 2025

Willis names Anthony Wong as Head of Casualty in Asia

Reinsurance News

Willis, a WTW business, has appointed Anthony Wong as Head of Casualty in Asia, effective immediately. Wong has over 20 years of experience in insurance and risk management, including serving as a risk manager at a major Asian conglomerate. He has...

Posted: Nov 17, 2025

Arkansas-Based Restaurant Chain to Pay $300K to Settle Sexual Harassment Lawsuit

Insurance Journal

Simply Slims, L.L.C., doing business as Slim Chickens, will pay $300,000 and provide other relief to settle a sexual harassment lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. Headquartered in F...

Posted: Nov 17, 2025

Nebraska Court Allows Data Privacy Lawsuit Against Change Healthcare to Proceed

Insurance Journal

Nebraska Attorney General Mike Hilgers announced last week that a district court denied Change Healthcare’s motion to dismiss claims for alleged consumer protection and data privacy violations, allowing the state’s lawsuit against Change...

Posted: Nov 17, 2025

AM Best Revises Outlook to Stable for Members of Illinois’ IFG Companies

Insurance Journal

AM Best has revised the outlooks to stable from positive and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) for the members of Chicago-based IFG C...

Posted: Nov 17, 2025

Christopher Peirce joins Skyward Specialty’s Board of Directors

Reinsurance News

Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurer, has announced that Christopher Peirce will join its Board of Directors, effective 1st February 2026. Peirce brings 30 years of experience from Liberty Mutual...

Posted: Nov 17, 2025

Louisiana Man Arrested in Extensive Auto Insurance Fraud Scheme

Insurance Journal

A Monroe, Louisiana man has been arrested following an investigation into a suspected staged-crash and insurance fraud scheme, the Louisiana Department of Insurance (LDI) announced. Adrian Sampson, 21, is charged with 49 felony counts including aggra...

Posted: Nov 17, 2025

Volt Underwriting enters ports and terminals market with TMK-led consortium

Reinsurance News

Volt Underwriting, a specialty Managing General Agent (MGA), has entered the Ports & Terminals insurance class under a binder led by Tokio Marine Kiln (TMK). The MGA will deploy an initial line of $15 million in capacity, focused on underwriti...

Posted: Nov 17, 2025

Florida-based Neptune Reports $11.5M Q3 Profit After IPO

Insurance Journal

Two months after its successful initial public offering that raised more than $368 million, Neptune Insurance Holdings Inc. reported a lucrative third quarter, despite a slight dip in net income. Q3 Net income for the St. Petersburg, Florida-based pr...

Posted: Nov 17, 2025

Florida-Based Neptune Reports $11.5M Q3 Profit After IPO

Insurance Journal

Two months after its initial public offering raised more than $368 million, Neptune Insurance Holdings Inc. reported a lucrative third quarter, despite a slight dip in net income. Q3 net income for the St. Petersburg, Florida-based private flood insu...

Posted: Nov 17, 2025

Coal Miners With Black Lung Say Government Is Suffocating The ‘Working Man’

Insurance Journal

Lisa Emery loves to talk about her “boys.” With each word, the respiratory therapist’s face softens and shines with pride. But keep her talking, and it doesn’t take long for that passion to switch to hurt. She knows the names,...

Posted: Nov 17, 2025

NTSB to Decide Probable Cause of Baltimore’s Key Bridge Collapse This Week

Insurance Journal

The National Transportation Safety Board will hold a public board meeting this week to determine the probable cause of the contact of the containership Dali with the Francis Scott Key Bridge and subsequent bridge collapse. NTSB’s board is expec...

Posted: Nov 17, 2025