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JBA Risk Management to launch India operations led by Mansi Kalra as MD

Reinsurance News

UK-domiciled flood science specialist JBA Risk Management is establishing its Indian operations by opening an office in Bangalore next month, led by Mansi Kalra as Managing Director (MD). The move is motivated by the growing demand for advanced fl...

Posted: Oct 28, 2025

Canopius names Lisa Leftwich US Regional Head of Strategy and Transformation

Reinsurance News

Canopius Group, a global specialty and P&C re/insurer, has announced the appointment of Lisa Leftwich as US Regional Head of Strategy and Transformation. In her new role, Leftwich will leverage her over 20 years of experience in corporate stra...

Posted: Oct 28, 2025

Swedish PE Firm EQT Offers to Buy Australian Insurance Broker AUB in $3.4B Deal

Insurance Journal

Australia’s AUB Group said on Tuesday it had granted Swedish private equity EQT exclusive access to its books after receiving a takeover offer which values the insurance broking company at A$5.25 billion ($3.41 billion). Under the proposal, EQT...

Posted: Oct 28, 2025

Everest’s reinsurance arm posts positive Q3’25 result but reserve strengthening dents Group performa...

Reinsurance News

Bermuda-based insurer and reinsurer, Everest Group, has reported an underwriting loss of $130 million for the Group in its third quarter 2025 results, as the strong performance of its reinsurance business was more than offset by the impacts of str...

Posted: Oct 28, 2025

Reuters: Iran, Russia and the New Zealand Insurer That Kept Sanctioned Oil Flowing

Insurance Journal

Last Christmas, the tanker Yug cruised out of the Chinese port of Qingdao after offloading 2 million barrels of sanctioned Iranian oil. Near the Arctic, a vessel carrying Russian crude churned through icy seas, bound for India. Six thousand miles &#8...

Posted: Oct 28, 2025

Pacific Life Re completes first two Japanese asset-intensive flow reinsurance deals

Reinsurance News

Life and health reinsurer Pacific Life Re has completed the first of two asset-intensive flow reinsurance transactions in Japan, marking its entry in the segment. The transactions were executed with two Japanese life insurers, representing a key m...

Posted: Oct 28, 2025

Ryan Specialty Agrees to Acquire Canadian MGU Stewart Specialty Risk Underwriting

Insurance Journal

Ryan Specialty, the Chicago-based specialty insurance firm, announced it has signed a definitive agreement to acquire Stewart Specialty Risk Underwriting Ltd. (SSRU). Terms of the deal were not disclosed. SSRU is a managing general underwriter (MGU)...

Posted: Oct 28, 2025

Ex-PIMCO Executive Plans to Launch Europe’s First ETF Based on Catastrophe Bonds

Insurance Journal

Europe may soon get its first exchange-traded fund based on catastrophe bonds. An application to register the ETF was filed in Ireland, according to Rick Pagnani, co-founder and chief executive officer of King Ridge Capital Advisors. “This is a...

Posted: Oct 28, 2025

Arch Capital’s Q3’25 underwriting income rises to $871m amid improved reinsurance result

Reinsurance News

Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, has reported a 62% year-on-year rise in underwriting income to $871 million for the third quarter of 2025, driven by a significantly stronger underwriting performance in its reinsur...

Posted: Oct 28, 2025

Everest enters $1.2bn adverse development reinsurance deal with Longtail Re

Reinsurance News

Bermuda-based insurance and reinsurance firm Everest has entered into an adverse development reinsurance agreement, effective October 1, 2025, supported by Longtail Re, an affiliate of Stone Ridge Holdings Group, with the cover composed of two lay...

Posted: Oct 28, 2025

Hurricane Melissa Nears Jamaica as Island’s Worst-Ever Storm

Insurance Journal

Jamaican officials urged residents to brace for Hurricane Melissa as it tracked toward the island at Category 5 strength, packing intense rains and winds and threatening to cause widespread destruction. Melissa’s top winds are holding at 175 mi...

Posted: Oct 28, 2025

Update: Hurricane Melissa Nears Jamaica as Island’s Worst-Ever Storm

Insurance Journal

Jamaican officials urged residents to brace for Hurricane Melissa as it tracked toward the island at Category 5 strength, packing intense rains and winds and threatening to cause widespread destruction. Weather conditions deteriorated as the storm sy...

Posted: Oct 28, 2025

Update: Hurricane Melissa Bears Down on Jamaica as Category 5 Storm

Insurance Journal

Hurricane Melissa is churning toward Jamaica as the island’s worst-ever storm, with high winds and flooding rains already pummeling coastal areas in the hours before landfall. Melissa’s top winds reached 185 miles (298 kilometers) per hou...

Posted: Oct 28, 2025

AIG to acquire renewal rights for majority of Everest’s commercial retail businesses

Reinsurance News

Bermuda-domiciled insurer and reinsurer Everest Group has entered into definitive agreements to sell the renewal rights for its U.S., U.K., European, and Asia Pacific Commercial Retail businesses to American International Group, Inc. (AIG), subjec...

Posted: Oct 28, 2025

AM Best extends A- group rating to Hadron’s recently acquired GCNA

Reinsurance News

Credit rating agency AM Best has extended Hadron group’s Financial Strength Rating of A- (Excellent), Financial Size Category VIII, to The Guarantee Company of North America USA (GCNA). Hadron, an insurance carrier focused on innovation in the del...

Posted: Oct 28, 2025

Corebridge Financial appoints Tomohiro Yao to Board of Directors

Reinsurance News

Corebridge Financial, Inc. (NYSE: CRBG), a provider of insurance and retirement solutions, has announced that its Board of Directors has elected Tomohiro Yao as a director, effective immediately. With Yao’s appointment, the Board expands from 13 t...

Posted: Oct 28, 2025

AIG to Acquire Renewal Rights of Everest’s Retail Commercial Biz Worth $2B

Carrier Management

AIG to Acquire Renewal Rights of Everest’s Retail Commercial Biz Worth $2B American I...

Posted: Oct 28, 2025

Everest Refocusing as Reserve Charge Hits Earnings; Buying $1.2B ADC

Carrier Management

Everest Refocusing as Reserve Charge Hits Earnings; Buying $1.2B ADC Bermuda-based Everest Group, Ltd. published...

Posted: Oct 28, 2025

ICW Group names Lynn Moretti as Chief Claims Officer

Reinsurance News

ICW Group Insurance Companies, a group of property and casualty insurers, has appointed Lynn Moretti as Chief Claims Officer, which sees her relocate from London to the company’s headquarters in San Diego, California. In her new role, she le...

Posted: Oct 28, 2025

Catastrophe Bond Investors Told to Brace for Jamaica Payout

Insurance Journal

Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as Hurricane Melissa barrels toward the Caribbean island as a Category 5 storm. “Based on current models there is a high chance that there will …

Posted: Oct 28, 2025

Update: Catastrophe Bond Investors Told to Brace for Jamaica Payout

Insurance Journal

Investors in a catastrophe bond tied to Jamaica look set to experience a trigger event as Hurricane Melissa barrels toward the Caribbean island as a Category 5 storm. “Based on current models there is a high chance that there will …

Posted: Oct 28, 2025

Canada Pension Fund Sued by Young People Over Climate Risks

Insurance Journal

The Canada Pension Plan Investment Board was sued by a group of young people who claim the pension fund is putting their benefits in jeopardy by mismanaging climate-related financial risks. Aliya Hirji, Travis Olson, Ravneet Singh and Chloe Tse, who...

Posted: Oct 28, 2025

PepsiCo Resolves Lawsuit Over Gatorade Health Bar Claims

Insurance Journal

PepsiCo has resolved a lawsuit accusing it of falsely marketing its Gatorade protein bars as good for you, though they contain more sugar than protein and more sugar than Snickers bars and chocolate-frosted Dunkin’ donuts. U.S. District Judge C...

Posted: Oct 28, 2025

Kentucky Supreme Court Weighs in on Three Workers’ Comp Cases

Insurance Journal

State Supreme Court reviews of workers’ compensation cases are rare, but in Kentucky last week, the state high court handed down no fewer than three opinions – all of which emphasize long-established case law. The court ruled against an insurer...

Posted: Oct 28, 2025

Officer Faces Misconduct Charge for ATM, Pizza Stops Instead of Murder Investigation

Insurance Journal

A New Jersey officer has been charged with misconduct after prosecutors say he didn’t quickly respond to and properly investigate reports of a shooting that turned out to be a double murder, instead stopping at an ATM and pizzeria. Franklin &#8...

Posted: Oct 28, 2025

Wyoming to Be Hub for US Rare Earth, Critical Mineral Stockpile

Insurance Journal

Ramaco Resources said on Monday it plans to establish what it called the first U.S. stockpile of rare earth elements and critical minerals in Wyoming, in a move to bolster domestic raw material supply for defense and clean-energy industries. China &#...

Posted: Oct 28, 2025

Exonerated Trader Sues UBS for $400 Million Over Libor Accusations

Insurance Journal

Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS for more than $400 million, saying the Swiss bank cast him as the “evil …

Posted: Oct 28, 2025

Researchers in California Are Mapping Rural Heat to Protect Farmworkers

Insurance Journal

In the summers, the sky is jet black when Raul Cruz arrives at this Imperial Valley sugarcane field to start his day. He chops, cleans and bundles the crop, taking heed as the sun rises. It’s hard work, but so …

Posted: Oct 28, 2025

How Liberty Mutual is Building a Partnership Approach to Navigate the Evolving Cyber Risk Landscape

Risk & Insurance

As cyber threats continue to grow in frequency and severity, Liberty Mutual is developing new strategies to help businesses prepare for and respond to incidents while building a high-performance team to deliver comprehensive solutions. The...

Posted: Oct 27, 2025

CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M

Carrier Management

CyberCube: Insured Loss Estimate From AWS Outage Likely About $40M Cyber analytics...

Posted: Oct 27, 2025

ITC Briefing: Percipience’s Bruce F. Broussard, Jr. on Data for AI

IIR

Broussard says insurers must master data foundations before AI can deliver sustainable business value.

Posted: Oct 27, 2025

How OEMs Are Rewriting the Rules of Auto Insurance

IIR

Automakers’ integrated insurance programs are reshaping underwriting, distribution, and pricing—anchored in connected-vehicle data and customer transparency.

Posted: Oct 27, 2025

Sapiens Launches Decision Analytics to Enhance AI Decision Transparency

IIR

The new module provides real-time visibility into automated decisions and sets the stage for predictive optimization through AI.

Posted: Oct 27, 2025

Guidewire to Acquire ProNavigator to Expand Insurance Knowledge Capabilities

IIR

The deal adds AI-driven, context-aware knowledge management to Guidewire’s platform, supporting faster decision-making across underwriting, claims, and service.

Posted: Oct 27, 2025

Talkdesk Expands Insurance Strategy with Agentic AI Platform

IIR

The contact center disruptor is now extending its AI-driven transformation of insurance operations beyond customer experience into core workflows.

Posted: Oct 27, 2025

Guidewire Unveils PricingCenter to Accelerate P&C Insurer Product Innovation

IIR

The unified pricing and rating application aims to boost speed, accuracy and agility in pricing decisions and product launches.

Posted: Oct 27, 2025