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TWIA Board Votes on 2026 Operating Budget

Insurance Journal

The Texas Windstorm Insurance Association Board of Directors met Nov. 4 in Corpus Christi, where the board voted on the association’s 2026 operating budget. Net operating expenses are budgeted to increase from 5.2% of earned premium in 2025 to...

Posted: Nov 06, 2025

Kestrel Group reports Q3’25 total revenue of $17.4m

Reinsurance News

Kestrel Group Ltd, a recently established specialty insurance platform that provides fronting services to program managers, reinsurers, and reinsurance brokers, has reported total third quarter 2025 revenues of $17.4 million compared to $752 thous...

Posted: Nov 06, 2025

Iowa Contractor Arrested for Insurance Fraud

Insurance Journal

The Iowa Insurance Division announced the arrest of a contractor for insurance fraud. Shawn Heuss, age 46, of Johnston, was arrested on Thursday, October 30, 2025, and charged with one count of Fraudulent Submission (Class D Felony), one count of &#8...

Posted: Nov 06, 2025

Coalition Acquires MDR Provider Wirespeed

Insurance Journal

Coalition announced it has acquired Wirespeed, a cybersecurity platform built to triage threat detections in milliseconds. The acquisition will combine Wirespeed’s managed detection and response (MDR) with Coalition’s suite of cyber risk...

Posted: Nov 06, 2025

People Moves: Texas Mutual Names Sangal as COO

Insurance Journal

Texas Mutual Insurance Company, the state’s leading provider of workers’ compensation insurance, recently announced Prateek Sangal as its chief operating officer, effective October 20. In this role, Sangal will oversee all insurance opera...

Posted: Nov 06, 2025

We expect strong year for reinsurer profitability in 2025, discipline key at 1.1: AM Best

Reinsurance News

AM Best expects another strong year of operating profitability for the reinsurance sector in 2025, supported by a relatively benign third quarter for catastrophe activity, while emphasising that reinsurers must maintain discipline at the upcoming...

Posted: Nov 06, 2025

Juniper Re expands with New York City office and appointment of Bo Wulsin as Broker

Reinsurance News

Juniper Re, a reinsurance brokerage firm, has announced the opening of its New York City office and the appointment of Bo Wulsin as Broker. Wulsin joins Juniper Re with ten years of experience in the re/insurance industry, having previously held b...

Posted: Nov 06, 2025

KCC Estimates Privately Insured Losses From Hurricane Melissa Will Hit $2.4 Billion

Insurance Journal

Catastrophe modeling company KCC estimates that privately insured losses from Hurricane Melissa will hit $2.4 billion. This estimate includes insured damages to residential, commercial, and industrial properties in Jamaica and Cuba, according to Bost...

Posted: Nov 06, 2025

Novo Car Insurance Based on Driving Behavior Launches in Arizona

Insurance Journal

Novo Insurance is launching in Arizona with month-to-month pricing tied to driving behavior. Novo uses a “Safety Score” based on how each vehicle is driven. Novo offers an “instant quote,” in which drivers get an upfront safe-...

Posted: Nov 06, 2025

Beyond the Basics: How Strategic DME Implementation Transforms Worker Recovery Outcomes

Risk & Insurance

An industry expert reveals emerging trends and decision-making frameworks that are reshaping durable medical equipment utilization in workers' compensation claims. The post

Posted: Nov 06, 2025

Slide reports record numbers in Q3’25 with 48.5% CoR and $111m net income

Reinsurance News

Slide Insurance Holdings, Inc, has announced its financial results for the third quarter of 2025, reporting a significant net income increase, to $111 million, gross premiums written growth of 33.8%, and record low combined ratio of 48.5%. This ye...

Posted: Nov 06, 2025

Collision Engineering Program Coming to LA to Address Repair Gap

Insurance Journal

The Collision Engineering Career Alliance partnered with El Camino College in Torrance, California to launch a collision engineering program. The aim is to help fill the more than 100,000 job openings expected through 2028 in the field. The two-year...

Posted: Nov 06, 2025

Collision Engineering Program Coming to LA to Address Auto Repair Gap

Insurance Journal

The Collision Engineering Career Alliance partnered with El Camino College in Torrance, California to launch a collision engineering program. The aim is to help fill the more than 100,000 job openings expected through 2028 in the field. The two-year...

Posted: Nov 06, 2025

FAA to Detail Flight Cut Plan at Major Airports on Friday

Insurance Journal

The Federal Aviation Administration on Thursday was working to hammer out details of an unprecedented plan to cut 10% of flights at 40 high-traffic U.S. airports to address safety concerns regarding air traffic controllers amid a record-setting feder...

Posted: Nov 06, 2025

Mission Launches New D&O and Other Liability Products for Small Businesses

Insurance Journal

Mission, a group of specialty underwriters and program administrators based in Alpharetta, Georgia, announced it has launched Diamond Head Specialty Underwriting, a program administrator offering executive liability coverage for small businesses. The...

Posted: Nov 06, 2025

White Mountains’ Ark/WM Outrigger sees GWP soar as CoR improves

Reinsurance News

White Mountains has reported Q3 2025 results for its property and casualty re/insurance segment, Ark/WM Outrigger, which recorded gross written premiums of $366 million and an improved combined ratio of 73%. Ark/WM Outrigger also saw net written p...

Posted: Nov 06, 2025

The Fidelis Partnership launches Construction Consortium for AI data centres

Reinsurance News

The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced the launch of a new consortium targeting risks associated with the construction of artificial intelligence (AI) data centres. With estimates suggest...

Posted: Nov 06, 2025

The Biggest Blind Spot in Home Insurance: What’s Inside the House

Insurance Journal

Property insurance insights have traditionally relied on publicly available data. Common sources include deed records, weather data, MLS information, aerial imagery, and permit history, which have long formed the backbone of underwriting, pricing, an...

Posted: Nov 06, 2025

Viewpoint: The Biggest Blind Spot in Home Insurance: What’s Inside the House

Insurance Journal

Property insurance insights have traditionally relied on publicly available data. Common sources include deed records, weather data, MLS information, aerial imagery, and permit history, which have long formed the backbone of underwriting, pricing, an...

Posted: Nov 06, 2025

Howden expands marine insurance services into Japan

Reinsurance News

Howden, an insurance brokerage and risk advisory firm, has officially launched its marine insurance services in Japan, marking an important step in its continued growth across Asia. The new operations will be led by Koji Aragane, Marine Director,...

Posted: Nov 06, 2025

Insured losses from Hurricane Melissa impacts in Jamaica and Cuba to hit $2.4bn: KCC

Reinsurance News

The privately insured loss from Hurricane Melissa damages to residential, commercial, and industrial properties in Jamaica and Cuba is expected to hit $2.4 billion, based on Karen Clark & Company’s (KCC) high-resolution Caribbean Hurrica...

Posted: Nov 06, 2025

Allstate’s total revenues reach $17.3bn in Q3’25 amid lower cat losses

Reinsurance News

Allstate Corporation reported total revenues of $17.3 billion in Q3 2025, up $628 million, or 3.8%, from the same quarter in 2024. Net income applicable to common shareholders reached $3.7 billion in Q3 2025, compared with $1.2 billion in Q3 2024,...

Posted: Nov 06, 2025

Tariff-Linked Class Action Suits to Boost D&O Insurance Demand

Carrier Management

Tariff-Linked Class Action Suits to Boost D&O Insurance Demand A group of Dow Inc. investors f...

Posted: Nov 06, 2025

Forrester: Cyber Insurance Will Grow by 15% in 2026

Carrier Management

Forrester: Cyber Insurance Will Grow by 15% in 2026 Forrester Resear...

Posted: Nov 06, 2025

AIG General Insurance Underwriting Income Up 81% in Q3

Carrier Management

AIG General Insurance Underwriting Income Up 81% in Q3 Third-quarter 2025 underwrit...

Posted: Nov 06, 2025

Zurich Insurance Sees No Material Loss From Hurricane Melissa, CFO Says

Insurance Journal

Zurich Insurance does not expect any material financial losses from claims related to Hurricane Melissa, the insurer’s finance chief Claudia Cordioli said on Thursday. “A large number of members of those communities and businesses were un...

Posted: Nov 06, 2025

Pennsylvania Reelects Supreme Court Justices, Extending a Democratic Majority

Insurance Journal

All three of the Pennsylvania Supreme Court justices who sought reelection Tuesday will get another term, ensuring Democratic jurists keep their majority on the presidential battleground state’s highest court — one at the center of pivotal figh...

Posted: Nov 06, 2025

Jeff Bright to lead Carbon’s US strategy as Underwriting Director

Reinsurance News

Carbon Underwriting Limited, a specialist independent managing general underwriter and Lloyd’s Syndicate CBN 4747, has appointed Jeff Bright as Underwriting Director, effective November 3rd, 2025. The appointment marks a key milestone in Carbon’s...

Posted: Nov 06, 2025

Charlie Javice Accuses JPMorgan of ‘Hypocrisy’ on Legal Bills

Insurance Journal

Charlie Javice, who was convicted of defrauding JPMorgan Chase & Co., called the bank “hypocritical” for objecting to paying her legal bills, pointing out that it hired dozens of lawyers itself. JPMorgan has asked a Delaware court to...

Posted: Nov 06, 2025

Allstate More Than Triples Q3 Net Income to $3.7 Billion

Insurance Journal

Allstate Corp. third quarter 2025 net income applicable to common shareholders was about $3.7 billion, more then triple the $1.2 billion booked for the same quarter a year ago. Allstate’s Property-Liability business turned in a Q3 combined rati...

Posted: Nov 06, 2025

There’s an opportunity to bring fresh parametric capacity to Asia: Qin, Descartes

Reinsurance News

Descartes Underwriting, the specialist in corporate parametric solutions, sees a growing opportunity to bring fresh, sustainable parametric capacity to Asia, particularly within frequency layers where insurers are facing higher retentions, accordi...

Posted: Nov 06, 2025

SCOR expands Beazley’s role to CCO of SCOR Business Solutions

Reinsurance News

French carrier SCOR, one of Europe’s big four reinsurance companies, has expanded Christopher Beazley’s role at the firm, adding the role of Chief Commercial Officer (CCO) of SCOR Business Solutions to his responsibilities, whilst reta...

Posted: Nov 06, 2025

American Coastal Q3’25 net income increases to $32.5mn with improved CoR

Reinsurance News

American Coastal Insurance Corporation has announced its financial results for the third quarter of 2025, reporting a net income of $32.5 million, which compares to the $28.1 million seen in the same period last year. The property and casualty ins...

Posted: Nov 06, 2025

AXA XL Reinsurance CEO Renaud Guidée on closing Asia’s protection gap: SIRC 2025

Reinsurance News

In a recent Reinsurance News interview, Renaud Guidée, Chief Executive Officer of AXA XL Reinsurance, discussed the priorities shaping client conversations and market strategy at this year’s Singapore International Reinsurance Conference (SIRC). G...

Posted: Nov 06, 2025

Long-term partnerships are driving stability in Property (D&F and Binders) treaty reinsurance market...

Reinsurance News

As 2025 draws to a close, Howden Re, a reinsurance intermediary and advisory business known for its independent model and client-focused approach, offers its perspective on how relationships are shaping the current Property (D&F and Binders) t...

Posted: Nov 06, 2025

Cotality estimates total insured losses from Hurricane Melissa at $1.5bn

Reinsurance News

Cotality has estimated that total insured losses from Hurricane Melissa, which recently devastated Jamaica, will be around $1.5 billion, within a range of $1 billion to $2.5 billion, while total property damage from wind, storm surge, and flooding...

Posted: Nov 06, 2025

Investment in energy transition, climate mitigation & adaptation to cross $80trn by 2040: Swiss Re

Reinsurance News

According to global reinsurer Swiss Re, investments in energy transition, climate mitigation, and adaptation are projected to exceed $80 trillion by 2040, reflecting the accelerating pace of global decarbonisation efforts. The company says this ma...

Posted: Nov 06, 2025