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California City Requires Bolstered Staffing to Address Retail Crime

Carrier Management

California City Requires Bolstered Staffing to Address Retail Crime A California city has found a new way t...

Posted: Oct 16, 2025

Just Knowing Help Is There Makes All the Difference

Carrier Management

Just Knowing Help Is There Makes All the Difference People who feel supported by family, friends and c...

Posted: Oct 16, 2025

People Moves: Fast Joins Alliant Team in Maine

Insurance Journal

Alliant Insurance Services, headquartered in Irvine, California, named Rob Fast as executive vice president (EVP) within its employee benefits group. He will be based in Portland, Maine. Fast has decades of experience. His career spans product develo...

Posted: Oct 16, 2025

People Moves: Plymouth Rock Agency Marketing Adds Foxx; Fast Joins Alliant in Maine

Insurance Journal

Plymouth Rock Names Foxx Chief of Agency Marketing for Mass. and NH Plymouth Rock Assurance, headquartered in Boston, Massachusetts, appointed James Foxx as chief of agency marketing for Massachusetts and New Hampshire within the company’s inde...

Posted: Oct 16, 2025

TDI Drafts New Rule Requiring Appraisal Provision in Auto and Homeowners Policies

Insurance Journal

The Texas Department of Insurance recently published an informal draft of rules that would implement a new law requiring all personal auto and residential property insurance policies to include a binding appraisal provision. The draft outlines apprai...

Posted: Oct 16, 2025

As Global Project Finance Booms, Political Risk Insurance Takes Center Stage

Risk & Insurance

As billions flow into infrastructure and energy, investors are turning to insurance to safeguard capital from political and credit shocks. The post

Posted: Oct 16, 2025

Marsh McLennan Reports 4% Organic Revenue Growth, Down From Q3 2024

Insurance Journal

Marsh McLennan reports consolidated revenue during the third quarter of $6.4 billion, an increase of 11% over Q3 2024, or 4% on an underlying (organic) basis, down from 5% during Q3 2024. John Doyle, president and CEO, described the Q3 …

Posted: Oct 16, 2025

Storm System Threatens Central and Southern US With Hail and Damaging Winds

Insurance Journal

As many as 22 states face the risk for severe thunderstorms, hail and damaging wind gusts over the next several days, meteorologists say. A front over the Central/Southern Rockies is expected to move northeastward, producing showers and thunderstorms...

Posted: Oct 16, 2025

NAMIC to Federal Lawmakers: Do Your Job on Flood Insurance Program

Insurance Journal

Two weeks into the expiration of the National Flood Insurance Program, one of the insurance industry’s trade associations is once again calling for a reauthorization. The National Association of Mutual Insurance Companies (NAMIC) on Oct. 16 iss...

Posted: Oct 16, 2025

There’s still ample growth opportunities: Aon re/insurance panel

Reinsurance News

Speaking on a panel earlier today as part of global broker Aon’s Reinsurance Renewal Season coverage, Rachel Turk, Chief Underwriting Officer at the specialist Lloyd’s insurance and reinsurance marketplace, said that there’s &#82...

Posted: Oct 16, 2025

Moody’s upgrades The Hartford ratings and assigns stable outlook

Reinsurance News

Moody’s Ratings has upgraded The Hartford Insurance Group’s senior unsecured debt rating to A3 from Baa1, and changed the Group’s and its subsidiaries’ outlook to stable from positive. Additionally, the credit rating agency upgraded the insu...

Posted: Oct 16, 2025

Q3’25 insured losses lowest since 2006 as protection gap narrows: Aon

Reinsurance News

According to Aon’s Q3 2025 global catastrophe report, insured losses totalled $12 billion for the quarter, 72% below the century average and the lowest since 2006, while year-to-date losses reached $114 billion, 37% above the century average, driv...

Posted: Oct 16, 2025

California’s Failure to Comply With Trucker Rules is Costing $40.6M in Federal Funds

Carrier Management

California’s Failure to Comply With Trucker Rules is Costing $40.6M in...

Posted: Oct 16, 2025

CSU Researchers Point to Above Normal Atlantic Hurricane Activity for Next Two Weeks

Carrier Management

CSU Researchers Point to Above Normal Atlantic Hurricane Activity for...

Posted: Oct 16, 2025

Texas Legislature Forms Committees to Investigate July Deadly Floods

Insurance Journal

Top Republicans in the Texas Legislature have announced the creation of committees tasked with “getting to the bottom of” the July flooding that killed more than 130 people, including 25 young girls and two teenage counselors at Camp Myst...

Posted: Oct 16, 2025

Arthur J. Gallagher & Co. Acquires Michigan’s Strategic Services Group

Insurance Journal

Arthur J. Gallagher & Co. announced the acquisition of Rochester Hills, Michigan-based Strategic Services Group, Inc. Terms of the transaction were not disclosed. Strategic Services Group provides employee benefits consulting services across a ra...

Posted: Oct 16, 2025

Gabrielle Griffith appointed Atrium’s Head of Motor

Reinsurance News

Atrium, an insurance group operating within Lloyd’s market, has announced the promotion of Gabrielle Griffith to the newly created role of Head of Motor. In her new position, Griffith is set to expand Atrium’s book of North American motor business...

Posted: Oct 16, 2025

Natural Disaster Claims in 2025 to Again Top $100B Despite ‘Abnormally Low’ Q3 Events

Insurance Journal

Global insured losses from natural catastrophes during the first nine months of 2025 are estimated to hit US$105 billion, bringing the sixth consecutive calendar year with losses topping US$100 billion and the eighth year since 2017, according to Gal...

Posted: Oct 16, 2025

Incubator, Former C&F Exec Launch Specialty Insurer for Insurers, Financial Managers

Insurance Journal

A former Crum & Forster executive and a London-based underwriter incubator have teamed up to launch a new specialty insurance company based in Charlotte, North Carolina. 1889 Specialty Insurance plans to offer professional lines coverage and mana...

Posted: Oct 16, 2025

Reinsurance market remains resilient with sellers eager to deploy capacity: Doyle, MMC

Reinsurance News

The reinsurance market remains resilient in the face of elevated losses from natural catastrophe events, geopolitical instability and an uncertain macroeconomic landscape, with reinsurers eager to deploy capacity as competition increases, accordin...

Posted: Oct 16, 2025

Beat Capital Partners launches financial institutions MGA, led by Blair Bartlett

Reinsurance News

Beat Capital Partners, an incubator of underwriting franchises and Ambac subsidiary, has partnered with Crum & Forster executive Blair Bartlett to launch 1889 Specialty Insurance Services, a financial institutions managing general agent (MGA)....

Posted: Oct 16, 2025

Aon names Byron Beebe as CEO of Human Capital

Reinsurance News

Aon, a global insurance and reinsurance broking group, has appointed Byron Beebe as Chief Executive Officer (CEO), Human Capital, effective immediately, reporting to Andy Marcell, CEO of Global Solutions. In the role, he will lead Aon’s integrated...

Posted: Oct 16, 2025

Tennessee Plant Explosion That Killed 16 Was Preventable, National COSH Says

Insurance Journal

The blast that killed 16 workers at a military explosives plant in Tennessee last week likely could have been prevented with better safety measures and accountability, the National Council for Occupational Safety and Health said in a statement. &#822...

Posted: Oct 16, 2025

New State Panels Will Probe Deadly Texas Floods

Carrier Management

New State Panels Will Probe Deadly Texas Floods Top Republicans in the Texas Legislature...

Posted: Oct 16, 2025

Travelers Q3 Net Income Soars 50% on Lower Catastrophe Losses

Insurance Journal

Third quarter net income at The Travelers Cos. increased 50% compared with the same period a year ago, to about $1.9 billion on lower catastrophe losses. Catastrophe losses for the third quarter this year were $402 million pretax, compared with &#823...

Posted: Oct 16, 2025

Record-Low Catastrophe Losses Bolster Insurance Industry’s Financial Health

Risk & Insurance

Quiet hurricane season and reduced natural disasters drive 2025 losses well below historical averages: Gallagher Re. The post

Posted: Oct 16, 2025

Travelers sees Q3’25 net income climb 50% on strong underwriting and investment performance

Reinsurance News

The Travelers Companies has reported Q3 2025 net income of $1.888 billion, up 50% from the same period of 2024, with a consolidated combined ratio of 87.3%. The firm also reported core income of $1.867 billion for Q3 2025, a 53% increase from $1.2...

Posted: Oct 16, 2025

Price will be a talking point but reinsurance structures expected to hold: Munich Re

Reinsurance News

Global reinsurer Munich Re expects price to be a discussion point at the 2025 Baden-Baden Reinsurance Meeting next week, and emphasised that the firm is ready to deploy more capital ahead of the January renewals with structures projected to hold,...

Posted: Oct 16, 2025

Guy Carpenter’s revenue rises 5% to $398m in Q3’25

Reinsurance News

Global broking group Marsh McLennan’s reinsurance arm, Guy Carpenter, generated revenue of $398 million and $2.3 billion for the third quarter and nine-month period ended September 30th, 2025, respectively, as consolidated revenue across the...

Posted: Oct 16, 2025

Markel International names Joe Wong as Professional Financial Risks & Cyber Underwriter

Reinsurance News

Markel International has announced the appointment of Weng Joe Wong as Professional Financial Risks & Cyber Underwriter. In his new role, Wong will help drive Markel’s Asia underwriting strategy, enhance risk selection, and strengthen client e...

Posted: Oct 16, 2025

Saudi Re approves issuance of new shares to increase capital by 46.6%

Reinsurance News

Saudi Reinsurance Company’s (Saudi Re) Board of Directors has approved a capital increase through the issuance of 53.98 million new shares, raising its capital by 46.6% to SAR 1.7 billion to strengthen the reinsurer’s capital base and support grow...

Posted: Oct 16, 2025

Clark to lead Howden US’ Private Risk Solutions with Krupowicz as Head of Operations

Reinsurance News

Insurance broker Howden US has appointed Joe Clark as President and Dale Krupowicz as Head of Operations for its Private Risk Solutions business. The broker stated that these appointments reinforce its commitment to building a modern, client-centr...

Posted: Oct 16, 2025

MGT Partners and Huntingdon Advisory form partnership to expand European re/insurance opportunities

Reinsurance News

Huntington Advisory, an independent strategic advisory firm headquartered in Singapore with offices in London and Hong Kong, has partnered with MGT Partners, a French financial services group based in Paris, to enhance client access to the Europea...

Posted: Oct 16, 2025

David Smith appointed as Chaucer Group’s new Head of Claims

Reinsurance News

Chaucer Group, a specialty re/insurance group, has announced the appointment of David Smith as Group Head of Claims, subject to regulatory approval. Smith will assume the role on 1 January 2026, following the retirement of Tony Gates, who will ste...

Posted: Oct 16, 2025

Munich Re a stabilising force in uncertain times: Kopff

Reinsurance News

Clarisse Kopff, Member of the Board of Management at Munich Re, has indicated that amid climate-related perils and the impacts of geopolitical and macroeconomic instability, the firm will continue to fulfil its stabilising role, grounded in enduri...

Posted: Oct 16, 2025

CLARA Analytics unveils new offering service that transforms data into AI-ready assets

Reinsurance News

CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimisation, has launched CLARA Data Engineering as a Service (DEaaS), a new offering that transforms fragmented, siloed data into clean, AI-ready intelli...

Posted: Oct 16, 2025

IDF announces launch of Infrastructure Resilience Development Fund

Reinsurance News

The Insurance Development Forum (IDF)—a public-private partnership between the insurance industry, the United Nations, and the World Bank—has announced the launch of the Infrastructure Resilience Development Fund (IRDF). Managed by Global Infrastr...

Posted: Oct 16, 2025

Kemper names C. Thomas Evans, Jr., as Interim CEO as Lacher steps down

Reinsurance News

US-based insurer Kemper Corporation has appointed C. Thomas Evans, Jr., the current Executive Vice President (EVP), Secretary, and General Counsel, to serve as Interim Chief Executive Officer (CEO) as Joseph P. Lacher, Jr. steps down. Lacher depar...

Posted: Oct 16, 2025