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ICA urges stronger national resilience to secure the future of the Cyclone Reinsurance Pool

Reinsurance News

The Insurance Council of Australia (ICA), the representative body for the general insurance industry, has called for greater national investment in disaster resilience and risk reduction to ensure the long-term success of the Cyclone Reinsurance P...

Posted: Nov 13, 2025

Neptune’s revenue rises 31.2% to $44.4m in Q3’25

Reinsurance News

Neptune Insurance Holdings Inc., the parent company of Neptune Flood Incorporated, reported revenue of $44.4 million for the third quarter of 2025, up 31.2% from $33.8 million in the same period a year earlier. In the quarter, written premiums inc...

Posted: Nov 13, 2025

People Moves: Rugge Named Chief Actuary at Selective as Senia Plans Retirement

Insurance Journal

Selective Insurance, headquartered in Branchville, New Jersey, named Nathan Rugge as executive vice president, chief actuary. Rugge, who currently serves as senior vice president, chief corporate actuary, reserving, will assume the role following the...

Posted: Nov 13, 2025

Deterministic models key for reinsurers to secure better-informed terror strategies: Lockton Re & Bl...

Reinsurance News

The stability and predictability that have defined terrorism insurance for decades is challenged by a rapidly changing threat landscape, calling into question the validity of long-standing assumptions around terrorism events that underpin scenario...

Posted: Nov 13, 2025

70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report

Carrier Management

70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report A new survey reveals con...

Posted: Nov 13, 2025

Buffett Strongly Backs CEO-Designate Abel, Plans to Keep Berkshire Shares

Carrier Management

Buffett Strongly Backs CEO-Designate Abel, Plans to Keep Berkshire Shares Warren...

Posted: Nov 13, 2025

Chubb Launches AI-Powered Embedded Insurance Engine in ‘Chubb Studio’

Insurance Journal

Chubb on Wednesday announced the debut of a new artificial intelligence-powered optimization engine within Chubb Studio, its global technology platform for embedded insurance distribution partnerships. The new capability uses proprietary AI to analyz...

Posted: Nov 13, 2025

Accelerant’s total revenues climb 74% to $267.4m in Q3’25

Reinsurance News

Accelerant Holdings, a services and data platform for the specialty insurance market, reported total revenues of $267.4 million for the third quarter of 2025, up 74% from $153.7 million in the same period a year earlier. Among total revenues, the...

Posted: Nov 13, 2025

People Moves: Markel Int’l Promotes Davies as MD of Newly Created London Mkt Business; Lockton Re Ta...

Insurance Journal

This edition of International People Moves details appointments at insurer Markel International and broker Lockton Re. A summary of these new hires follows here. Markel International Promotes Davies as MD of Newly Created London Mkt Business Markel I...

Posted: Nov 13, 2025

IDF releases roadmap to expand global insurability and reduce protection gaps

Reinsurance News

The Insurance Development Forum (IDF), a public-private partnership that brings together the insurance industry, international organisations, and development institutions, has released a new paper titled Increasing Insurability to Close Protection...

Posted: Nov 13, 2025

UK’s Aviva Targets More Savings After Direct Line Takeover

Insurance Journal

British insurer on Thursday set itself new financial targets including nearly doubling cost savings from its combination with Direct Line, as CEO Amanda Blanc looks to convince investors the enlarged firm can deliver. The company said it would target...

Posted: Nov 13, 2025

Talanx posts record €1.96bn net income in 9M’25, raises FY forecast

Reinsurance News

Talanx Group, the parent of Hannover Re, has reported a record €1.964 billion in group net income for the first nine months of 2025 and is now raising its full-year forecast to over €2.4 billion. Primary Insurance (51%) and Reinsurance (49%) contr...

Posted: Nov 13, 2025

Zurich Insurance Invests $170 Million Into APAC Private Debt

Insurance Journal

Zurich Insurance Group AG has selected Australia as the first market for its private credit strategy in Asia-Pacific, awarding a $170 million mandate as it seeks opportunities to invest in local assets. The insurer assigned the mandate to an Australi...

Posted: Nov 13, 2025

Markets/Coverages: ShoreOne Offers Combination Home, Flood Policy in Rhode Island

Insurance Journal

ShoreOne Insurance Managers, Inc. has officially launched its residential homeowners policy with full flood insurance protection in Rhode Island. This coverage combines both home and flood insurance under one policy—with one deductible and one claims...

Posted: Nov 13, 2025

Encova appoints new VCs

coverager

Encova Insurance provides commercial, auto and home insurance.

Posted: Nov 13, 2025

Bot Auto secures insurance with the help of Marsh

coverager

Bot Auto runs driverless commercial loads between Houston and San Antonio.

Posted: Nov 13, 2025

Insurer-backed Scribe raises $75 million

coverager

The funding accompanies the launch of Scribe Optimize.

Posted: Nov 13, 2025

Munich Re Ventures backs industrial data company Litmus

coverager

The industrial data company raised over $40.7 million to date.

Posted: Nov 13, 2025

Insurer-backed Sweet Security raises $75 million

coverager

The Kingsway Search Xcelerator (KSX) segment more than doubled its revenue.

Posted: Nov 13, 2025

AI is transformative for the reinsurance industry: Swiss Re’s Nikhil da Victoria Lobo

Reinsurance News

Around the 25th Baden-Baden Reinsurance Meeting, as the market prepares for the key January 1st renewals, Nikhil da Victoria Lobo, Head of P&C Reinsurance for Western & Southern Europe and Middle East & Africa at reinsurer Swiss Re, hi...

Posted: Nov 13, 2025

Australia Watchdog Warns Private Credit With Tougher Action

Insurance Journal

Australia’s corporate regulator is threatening more aggressive legal action against private credit funds that fail to protect investors, as the A$200 billion ($131 billion) industry continues to expand. The Australian Securities & Investmen...

Posted: Nov 13, 2025

Markel International names Rohan Davies as MD of new London Market business

Reinsurance News

Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Rohan Davies as Managing Director (MD) of its newly created London Market business. In October 2025, Markel International announced that it will move f...

Posted: Nov 13, 2025

GIC Re reports improved CoR for HY’25 as underwriting loss narrows

Reinsurance News

General Insurance Corporation of India (GIC Re), the Indian public sector reinsurer, has reported that its combined ratio improved by 3.93% to 107.71% for the half year ending on September 30th, 2025 (HY’25), compared to 111.64% for HY&#8217...

Posted: Nov 13, 2025

Oklahoma Pharmacies to Pay $157K Over Unauthorized COVID-19 Test Billing

Insurance Journal

Multiple Oklahoma pharmacies have agreed to pay $157,000 to settle allegations that they billed the Oklahoma Medicaid Program, SoonerCare, for hundreds of unauthorized over-the-counter COVID-19 tests. Apothecary Pharmacy, Cornwell Pharmacy, Cushing F...

Posted: Nov 13, 2025

Inside the Mindset Behind Active Insurance: Why Prevention Is the Future

Risk & Insurance

Insurers use real-time data and AI to proactively prevent risks, transforming traditional insurance into active protection. The post

Posted: Nov 13, 2025

Willis appoints new cyber leaders in Asia

Reinsurance News

Willis, a WTW business, has announced the appointments of Conor Keating as Head of Cyber, Asia, and Carlos Grijalva as Head of Cyber Sales, Asia, effective immediately. Based in Singapore, Keating transitions into his new role from his previous po...

Posted: Nov 13, 2025

European captive insurers show strength and resilience amid global market shifts

Reinsurance News

Credit rating agency AM Best reports that Europe’s captive insurance sector continues to demonstrate stability and resilience, even as global economic and geopolitical uncertainties persist. The development of new regulatory frameworks across seve...

Posted: Nov 13, 2025

London’s Rich Come to Grips With Flood Risk on Their Doorstep

Insurance Journal

As London struggles to adapt to the reality of more frequent and powerful floods, its wealthier corners are emerging as some of the most at risk. Last month in the affluent London neighborhood of South Hampstead, homeowners packed a community …

Posted: Nov 13, 2025

Residents of Michigan Border Towns Reject Expansion of Cannabis Stores

Insurance Journal

In the summer, the board in mostly rural Niles Township gave a preliminary OK to 21 cannabis stores along one road currently dotted with businesses and surrounded by farmland. On Tuesday, Nov. 4, voters rejected them all. Nearly 6 in …

Posted: Nov 13, 2025

Fidelis posts 30% rise in net income for Q3’25 as underwriting result strengthens

Reinsurance News

Insurer and reinsurer Fidelis Insurance Holdings Limited generated net income of $130.5 million for the third quarter of 2025, an increase of 30% on the prior year, with an improved underwriting result in both its insurance and reinsurance segment...

Posted: Nov 13, 2025

Generali’s 9M’25 GWP reach €73.1bn as net result expands

Reinsurance News

Generali has disclosed that gross written premiums reached € 73.1 billion in the first nine months of 2025, up 3.7% from the same period of 2024, driven by a 7.2% increase in P&C. Meanwhile, the firm’s 9M 2025 operating result grew 10.1%...

Posted: Nov 13, 2025

Families of Camp Mystic Flood Victims Allege Negligence in Lawsuit

Insurance Journal

The operators of Camp Mystic in Texas, where 25 girls and two teenage counselors died in catastrophic flooding on July 4, failed to take necessary steps to protect the campers as life-threatening floodwaters approached, families of the victims allege...

Posted: Nov 13, 2025

RIQ and Masdar to co-develop reinsurance solutions for global energy transition

Reinsurance News

RIQ, an artificial intelligence (AI)-native reinsurance platform and subsidiary of International Holding Company (IHC), has signed a memorandum of understanding (MoU) with Abu Dhabi Future Energy Company (Masdar), a provider of clean energy, to co...

Posted: Nov 13, 2025

Watchdog Group Demands OpenAI Withdraw AI Video App Sora Over Deepfakes

Insurance Journal

The tech industry is moving fast and breaking things again — and this time it is humanity’s shared reality and control of our likeness before and after death — thanks to artificial intelligence image-generation platforms like OpenAI’s Sor...

Posted: Nov 13, 2025

Italy’s Generali Names Deputy CEO as Succession Talk Swirls

Insurance Journal

Generali said on Wednesday it had appointed the head of its insurance business Giulio Terzariol as group deputy chief executive, weeks after investors critical of CEO Philippe Donnet boosted their influence at Italy’s biggest insurance company....

Posted: Nov 13, 2025

People Moves: Burns & Wilcox Adds New Leaders in Atlanta, Baltimore and Minneapolis

Insurance Journal

Burns & Wilcox, headquartered in Farmington Hills, Michigan, hired new leaders for the company’s offices in Atlanta, Georgia; Baltimore, Maryland; and Minneapolis, Minnesota. Scott Kiser was named managing director, Atlanta. Kiser joins Bur...

Posted: Nov 13, 2025

Brace Underwriting appoints Nick Rock as Underwriter

Reinsurance News

Brace Underwriting Limited, a multi-line and alternative risk specialist underwriter backed by Octave Specialty Group Inc., has announced the appointment of Nick Rock as Underwriter, effective immediately. In his new position, based in London, Roc...

Posted: Nov 13, 2025