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Rockford Mutual Launches Commercial Auto in Michigan

Insurance Journal

Rockford Mutual Insurance Company (RMIC) announced the official launch of commercial auto coverage in Michigan, effective immediately. With this latest addition, RMIC now offers a complete suite of commercial insurance products to Michigan independen...

Posted: Oct 21, 2025

Louisiana Judge Invalidates Permit for LNG Facility, Orders Review of Climate Impact

Insurance Journal

A Louisiana judge has tossed out a key permit for a liquefied natural gas facility that won approval from President Donald Trump’s administration, ordering a state review of how the facility’s planet-warming emissions would affect Gulf Co...

Posted: Oct 21, 2025

KBRA anticipates resilience among catastrophe-exposed insurers

Reinsurance News

KBRA currently expects moderate weather-related loss activity, noting that, absent a particularly severe event, most insurers should be able to absorb storm-related losses through earnings or surplus without significantly affecting their overall c...

Posted: Oct 21, 2025

FOXO announces closing of Vector BioSource acquisition

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FOXO will provide up to $1.2 million to support Vector’s growth initiatives.

Posted: Oct 21, 2025

Higginbotham partners with Stephens Insurance Services

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Stephens Insurance Services is a benefits specialist.

Posted: Oct 21, 2025

KKR and Quadrantis Capital invest in Peak Re

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This partnership will reinforce Peak Re’s commitment to serving its global clients.

Posted: Oct 21, 2025

Chariot Re names Andrew Preston as CFO

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Most recently, Andrew Preston served as CFO of Aspida Life Re in Bermuda.

Posted: Oct 21, 2025

Previsico closes Series A funding round to accelerate global growth

Reinsurance News

Previsico, the actionable flood warning insurtech, has announced the successful close of its Series A funding round to accelerate its global expansion. The round included investment from Connecticut Innovations (CI), Connecticut’s strategic ventur...

Posted: Oct 21, 2025

Florida AG Issues Criminal Subpoenas for Roblox, Says Platform Puts Children at Risk

Insurance Journal

Two weeks after the Kentucky attorney general filed suit, Florida Attorney General James Uthmeier said his office is issuing criminal subpoenas to Roblox Corp., calling the video gaming platform a “breeding ground for predators” that puts...

Posted: Oct 21, 2025

State Officials Say New Rules, Delays for FEMA Grants Put Disaster Response at Risk

Insurance Journal

State officials on the front lines of preparing for natural disasters and responding to emergencies say severe cuts to federal security grants, restrictions on money intended for readiness and funding delays tied to litigation are posing a growing ri...

Posted: Oct 21, 2025

Clear evidence re/insurance industry is still cyclical: W. R. Berkley CEO

Reinsurance News

Re/insurance market dynamics through the third quarter shows that the industry is still cyclical, and while there’s still margin in the property catastrophe reinsurance business, it is eroding and is no longer as attractive as it was in rece...

Posted: Oct 21, 2025

Travelers Q3 Net Income Soars 50% on Lower Catastrophe Losses

Carrier Management

Travelers Q3 Net Income Soars 50% on Lower Catastrophe Losses Third-qu...

Posted: Oct 21, 2025

AI-Powered Home Insurance Startup Expands in Risky Florida Market

Carrier Management

AI-Powered Home Insurance Startup Expands in Risky Florida...

Posted: Oct 21, 2025

‘Massive Legal Siege’ Against Social Media Companies Looms

Carrier Management

‘Massive Legal Siege’ Against Social Media Companies Looms Thousands of plainti...

Posted: Oct 21, 2025

85% of insurers negatively impacted by third-party risks: Dun & Bradstreet

Reinsurance News

Insurance companies are facing growing third-party risk, with 85% of UK insurers and brokers having experienced negative impacts from such risks, according to a recent Dun & Bradstreet report. Dun & Bradstreet’s recent Financial Services &...

Posted: Oct 21, 2025

New Hampshire Youth Centers Seeking Coverage for Child Abuse Claims Sue Insurer

Insurance Journal

Two New Hampshire nonprofits that ran youth facilities for the state are suing their insurer seeking defense and indemnity coverage for child abuse lawsuits filed against them. Philadelphia Indemnity Insurance Co., the insurer for Mount Prospect Acad...

Posted: Oct 21, 2025

Amazon Says All Cloud Services Restored After 15-Hour Outage

Insurance Journal

Amazon Web Services, the world’s largest cloud provider, resolved the issues that plagued its services for about 15 hours on Monday, an episode that highlighted how much of the internet is dependent on the operations of a single company. In &#8...

Posted: Oct 21, 2025

Helios confirms Tucker CEO appointment, adds Parsons as INED

Reinsurance News

Helios Underwriting, the publicly listed firm providing direct access to a range of syndicates at the specialist Lloyd’s insurance and reinsurance marketplace, has confirmed the appointment of Louis Tucker as CEO, alongside the hire of Joanna Pars...

Posted: Oct 21, 2025

Carbar acquires HelloCars

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Carbar plans to keep the HelloCars brand as a value-focused offering, complementing its premium Carbar service and Carly’s mid-tier positioning.

Posted: Oct 21, 2025

Mitchell partners with Gerber Collision & Glass

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Gerber repair centers now have access to Mitchell Cloud Estimating.

Posted: Oct 21, 2025

Fortegra establishes presence in Lloyd’s underwriting room

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Fortegra will operate from Box 388 on the third gallery in the Lloyd's underwriting room.

Posted: Oct 21, 2025

The Hartford launches HartBuild, IC

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FOXO will provide up to $1.2 million to support Vector’s growth initiatives.

Posted: Oct 21, 2025

Commitment to long-term stability will ensure enduring success: QBE Re’s Killourhy

Reinsurance News

Executives at QBE Re noted that while they have seen some market softening, it remains manageable where rates are adequate, with some pricing pressures expected in property at 1.1, the casualty market to remain broadly stable, and a focus on disci...

Posted: Oct 21, 2025

Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot

Insurance Journal

The seemingly unstoppable rise of catastrophe bonds may now be eroding the market share of reinsurers. After years of raising prices, reinsurers are finding that primary insurers have started relying less on them and more on a niche bond market &#823...

Posted: Oct 21, 2025

Echo Re adopts ACORD’s ADEPT platform for digital messaging with Gallagher Re

Reinsurance News

Echo Re has begun using ACORD Solutions Group’s ADEPT platform to receive digital accounting and claims messages from Gallagher Re, streamlining communication by eliminating manual downloads and enabling integration of all digital messages into it...

Posted: Oct 21, 2025

Poland, Romania Foil Russian Exploding Parcels Plot, Warsaw Says

Insurance Journal

Poland and Romania detained eight people suspected of planning sabotage on behalf of Russia, authorities in Warsaw said on Tuesday, with three arrests concerning an alleged new plan to send exploding parcels, this time to Ukraine. European officials...

Posted: Oct 21, 2025

Update: Poland, Romania Foil Russian Exploding Parcels Plot, Warsaw Says

Insurance Journal

Poland and Romania detained eight people suspected of planning sabotage on behalf of Russia, authorities in Warsaw said on Tuesday, with three arrests concerning an alleged new plan to send exploding parcels, this time to Ukraine. European officials...

Posted: Oct 21, 2025

People Moves: Lockton Re Taps Aon’s Bell as Head of Aviation; Canopius Hires Webber From Trans Re as...

Insurance Journal

This edtiion of International People Moves details appointments at Lockton Re and Canopius Re. A summary of these new hires follows here. Lockton Re Taps Aon’s Bell as Head of Aviation Lockton Re, the reinsurance business of independent insuran...

Posted: Oct 21, 2025

T&D Holdings invests in new Fortitude Re and Carlyle reinsurance sidecar

Reinsurance News

T&D Holdings, through its wholly owned subsidiary T&D United Capital Co., Ltd. (TDUC), has announced that it is investing in a new reinsurance sidecar vehicle facilitated by a limited partnership. TDUC has committed up to $250 million (app...

Posted: Oct 21, 2025

W. R. Berkley’s Q3’25 net income rises 40% to $511m

Reinsurance News

W. R. Berkley Corporation, a commercial lines property and casualty insurer and reinsurer, has reported year-on-year net income growth of 39.8% for the third quarter of 2025 to $511 million, compared to $365.63 million last year. For Q3’25, the co...

Posted: Oct 21, 2025

A return to the challenges of two to three years ago ‘out of the question’, says MAPFRE RE’s Meyerho...

Reinsurance News

Mark Meyerhoff, Chief Regional Officer, EMEA at Spanish reinsurer MAPFRE RE, has said that as brokers push for earnings protection and frequency covers, he considers “a return to the situation of two or three years ago to be out of the question.”...

Posted: Oct 21, 2025

RLI sees underwriting income expand in Q3’25 as CoR improves to 85.1%

Reinsurance News

RLI Corp. has reported Q3 2025 underwriting income of $60.5 million and a combined ratio of 85.1%, compared with $40.7 million and 89.6%, respectively, in the same period of 2024. Results for both years reportedly benefited from favourable develop...

Posted: Oct 21, 2025

Fire at Airport Cargo Complex Disrupts Bangladesh’s Garment Exports

Insurance Journal

A massive fire at the import cargo complex of Dhaka airport has caused extensive damage to goods and materials belonging to major garment exporters, with losses and impacts on trade likely to run into millions of dollars, industry leaders said &#8230...

Posted: Oct 21, 2025

Insurance, a growth enabler for resilient businesses in an increasingly fragmented world: Beazley

Reinsurance News

While a majority of global executives feel the risk environment is high, a significant and growing number are viewing resilience not as a defensive shield, but as a strategic path to growth, Beazley’s ‘Spotlight on Geopolitical & Economic Unce...

Posted: Oct 21, 2025

Operation Underway to Salvage LPG Tanker MV Falcon After Explosion in Gulf of Aden

Insurance Journal

An operation was underway on Monday to salvage the liquefied petroleum gas tanker MV Falcon, which remains on fire and adrift in the Gulf of Aden following an October 18 explosion on board, maritime security sources said. The Cameroon-flagged vessel...

Posted: Oct 21, 2025

Insurance Agency M&A Picks Up in Q3 but Down for the Year: OPTIS

Insurance Journal

The pace of insurance agency mergers and acquisitions picked up during the third quarter of 2025 but as of Sept. 30, M&A is down 7% this year compared to last year. According to investment banking and financial consulting firm OPTIS …

Posted: Oct 21, 2025

Peak Re secures KKR and Quadrantis Capital as new minority investors

Reinsurance News

Funds managed by KKR, a global investment firm and Quadrantis Capital, a Portuguese investment management business, have entered into definitive agreements to acquire minority stakes in Hong Kong-based global reinsurer, Peak Reinsurance Company Li...

Posted: Oct 21, 2025

A 7-Minute Louvre Heist Leaves Behind DNA and Dropped Crown

Insurance Journal

It took just seven minutes for robbers armed with disc grinders to get in and out of the world-famous Louvre museum in Paris with a stash of royal necklaces, tiaras and earrings. They left the nearby 140-carat “Régent” diamond untouched,...

Posted: Oct 21, 2025

Diversification key for reinsurer growth in current market conditions: Gallagher Re’s Egan

Reinsurance News

Around the 2025 Baden-Baden Reinsurance Meeting, Dave Egan, reinsurance broker Gallagher Re’s Head of International Property Practice Group , highlighted that in order to maintain relevance and foster growth, reinsurers need to expand their offeri...

Posted: Oct 21, 2025

KKR, Quadrantis to Acquire Minority Stake in Hong Kong’s Peak Re

Insurance Journal

KKR & Co. and Quadrantis Capital agreed to acquire minority stakes in Hong Kong-based Peak Reinsurance Co. KKR and Quadrantis will hold about 11.3% and 1.8% of Peak Re, respectively, after the deal is completed, according to a statement Tuesday,...

Posted: Oct 21, 2025