All Posts

People Moves: NFP Tabs Ryan to Lead Complex Risk Business in Central and West Regions

Insurance Journal

NFP, an Aon company and leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, has appointed Tom Ryan as managing director of Complex Risk for its Central and West regions. Based in the Chicago area, Ry...

Posted: Aug 20, 2025

Southern California Faces Record Heat and Braces for Wildfires

Insurance Journal

A days-long heat wave rolling across parts of the US West is expected to ramp up wildfire risk, prompting California to pre-deploy crews as record-dry vegetation potentially acts as kindling for blazes. Temperatures in Southern California are expecte...

Posted: Aug 20, 2025

People Moves: Trucordia Promotes Greve to SVP of Marketing

Insurance Journal

Trucordia, headquartered in Lindon, Utah, promoted Leslie Greve to senior vice president of marketing. Greve previously served as vice president of marketing. Greve will continue to support the growth of the business along with the Trucordia brand am...

Posted: Aug 20, 2025

ZhongAn Online net profit soars over 1,100% in H1’25

Reinsurance News

China’s largest online-only insurer, ZhongAn Online P&C Insurance Co., Ltd., reported a net profit attributable to shareholders of RMB 668 million (~USD 93 million) in the first half of 2025, soaring 1,103.5% year over year. The company attrib...

Posted: Aug 20, 2025

Delta, United Sued for Selling Windowless ‘Window Seats’

Insurance Journal

Delta Air Lines and United Airlines were sued on Tuesday by passengers who claimed they paid extra money to sit in “window” seats, only to find themselves placed in seats next to a blank wall. Proposed class actions were filed …

Posted: Aug 20, 2025

Adding Compassion to Workers’ Compensation: A Combat Veteran’s Call for Change

Risk & Insurance

In a conversation with National Comp Chair Michelle Kerr, this year's keynote speaker Noah Galloway shares insights on the critical role of mental health, and why compassion should be at the core of workers' compensation. The post

Posted: Aug 20, 2025

Philippine insurers FPG and Mercantile announce merger

Reinsurance News

FPG Insurance Co Inc (FPG) and The Mercantile Insurance Co Inc, two of the largest non-life insurance providers in the Philippines, have announced their plans to merge, forming FPG Mercantile. With a combined GWP of PHP 10 billion, FPG Mercantile...

Posted: Aug 20, 2025

Court Invalidates Maryland Digital Ad Tax for Blocking Tech Firms From Telling About It

Insurance Journal

Maryland’s first-in-the-nation tax on digital advertising violated the Constitution, a federal appeals court says, because blocking Big Tech from telling customers about the tax violates the companies’ right to free speech. Supporters say...

Posted: Aug 20, 2025

KCC identifies US coastal cities at risk of $100bn hurricane losses

Reinsurance News

Karen Clark & Company (KCC), a provider of catastrophe risk modelling, has examined the likelihood of hurricanes causing insured losses exceeding $100 billion in the United States, highlighting the most vulnerable regions and what these exposu...

Posted: Aug 20, 2025

Connecticut House Fire Kills 2 Adults and 2 Children, Injures 5 Others

Insurance Journal

A fast-moving fire roared through a Connecticut home early Monday, killing two adults and two children and injuring five other people, including a firefighter, authorities said. The fire in Hartford broke out around 2:30 a.m., and firefighters found...

Posted: Aug 20, 2025

ADB, UNCDF, UNDP to create parametric climate insurance for MSMEs in Fiji

Reinsurance News

The Asian Development Bank (ADB), the United Nations Capital Development Fund (UNCDF), and the UN Development Programme (UNDP) have partnered to develop parametric insurance solutions for extreme weather for micro, small, and medium-sized enterpri...

Posted: Aug 20, 2025

Beshear Bans Designer Xanax Drug in Kentucky as AGs Urge Emergency Action

Insurance Journal

Kentucky Gov. Andy Beshear took emergency action Monday to ban the sale of “designer Xanax,” responding to a request from his state’s attorney general who is leading a broader effort to combat the highly potent synthetic drug linked...

Posted: Aug 20, 2025

Chaucer goes live with WCL’s Alternate Solution ahead of Blueprint 2

Reinsurance News

Chaucer Group is now live with Web Connectivity Limited’s (WCL) messaging solution Alternate, in preparation for Blueprint 2, the transformation project in the London market that plans to update the central market messaging infrastructure. Alterna...

Posted: Aug 20, 2025

ASR accredited to offer reinsurance capacity in Rwanda

Reinsurance News

Africa Specialty Risks (ASR), a developing markets-focused re/insurance group, announced it will now offer reinsurance capacity and support to the Rwandan insurance market, following accreditation by the National Bank of Rwanda (NBR). This signifi...

Posted: Aug 20, 2025

Rising wildfire risk puts millions of western US homes in danger: Cotality

Reinsurance News

Wildfires, once primarily associated with a seasonal pattern, are now a year-round threat across the Western United States, according to the 2025 Cotality Wildfire Risk Report: Priced Out & Burned Out. The report, released today by Cotality, a...

Posted: Aug 20, 2025

Pivix Specialty Launches E&S Brokerage Unit With Gramm at Helm

Insurance Journal

Pivix Specialty Insurance Services Inc., a Scottsdale-based excess and surplus managing general agent distributing through wholesale brokers, has opened a brokerage division. Pivix, which is backed by Ambac Financial Group, Inc., entered the market l...

Posted: Aug 20, 2025

People Moves: Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty; His...

Insurance Journal

This edition of International People Moves details appointments at Markel Canada and Hiscox. A summary of these new hires follows here. Markel Canada Taps Berkeley’s Paris as VP, Product Line Leader – Primary Casualty Markel Insurance, th...

Posted: Aug 20, 2025

States Rethink Practice of Setting Speed Limits Based on How Fast Drivers Travel

Insurance Journal

Rose Hammond pushed authorities for years to lower the 55 mph speed limit on a two-lane road that passes her assisted living community, a church, two schools and a busy park that hosts numerous youth sports leagues. “What are you …

Posted: Aug 20, 2025

Reinsurance market will continue to thrive in 2025 despite modest softening: AM Best

Reinsurance News

AM Best has noted that the property reinsurance market remains stable at mid-year 2025, with modest softening appearing at the highest attachment layers, yet the agency expects overall conditions to remain robust through year-end. Following years...

Posted: Aug 20, 2025

Ventis expands capacity to £70m per location

Reinsurance News

Ventis, a commercial and residential real estate MGA, has increased its underwriting limits and can now cover single buildings or assets up to £70 million per location. Despite the higher limits, Ventis is committed to keeping things simple. The c...

Posted: Aug 20, 2025

Markets/Coverages: MGA Coalition Launches Cyber Insurance in France

Insurance Journal

Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. French companies with revenues of up to €...

Posted: Aug 20, 2025

Coalition launches its Active Cyber Insurance in France

Reinsurance News

Coalition, an active insurer focused on preventing digital risks, has announced the launch of its Active Cyber Insurance in France through its subsidiary, Coalition Insurance Solutions GmbH. With capacity provided by Allianz Commercial via Allianz...

Posted: Aug 20, 2025

Rokstone Agriculture launches equine mortality product line with new capacity

Reinsurance News

Rokstone Agriculture, a MGU specialising in agriculture and livestock, part of re/insurance MGA Rokstone, has secured new capacity to launch a new equine mortality product line for the US market across 19 states. The new product has USD 1,000,000...

Posted: Aug 20, 2025

People Moves: CNA Appoints Haas, Nardiello and Kim to Leadership Roles

Insurance Journal

CNA Financial Corp., headquartered in Chicago, made several leadership appointments across key business segments. David Haas has been appointed president global specialty, where he will oversee financial lines, healthcare, affinity and warranty. A se...

Posted: Aug 20, 2025

QBE promotes Virginie Massé to Head of European Claims

Reinsurance News

Australian insurer QBE has announced the promotion of Virginie Massé to Head of European Claims, effective 1st September 2025. In her new role, Massé will remain based in Paris and report to Mike East, Claims Director at QBE European Operations (E...

Posted: Aug 20, 2025

Hijacked Satellites, Orbiting Space Weapons: In 21st Century, Space Is New Battlefield

Insurance Journal

As Russia held its Victory Day parade this year, hackers backing the Kremlin hijacked an orbiting satellite that provides television service to Ukraine. Instead of normal programing, Ukrainian viewers saw parade footage beamed in from Moscow: waves o...

Posted: Aug 20, 2025

Aon names Tony DeMarco as Reinsurance MD

Reinsurance News

Aon, a global insurance and reinsurance broking group, has hired Tony DeMarco from Gallagher Re as Managing Director within its Reinsurance Solutions division, based in New York. In his new role, DeMarco will support the design and execution of ca...

Posted: Aug 20, 2025

Allianz Raises $1.25 Billion in Perpetual-Bond Litmus Test

Insurance Journal

Allianz SE sold $1.25 billion of perpetual notes Tuesday, the German insurer’s latest batch of risky bonds that investors said could set the tone for the subordinated debt market. The Restricted Tier 1 bond has an annual coupon of 6.55%, &#8230...

Posted: Aug 20, 2025

Renewables Battling Climate Change Now Need to Insure Against It

Insurance Journal

Solar and wind energy companies are betting on a novel form of insurance to protect their assets against wild and volatile weather — the very type of climate risk they were set up to fight. Renewable power projects can lose …

Posted: Aug 20, 2025

W. R. Berkley introduces Berkley Edge, a new specialty insurance provider

Reinsurance News

W. R. Berkley Corporation, a commercial lines property and casualty insurance provider, has announced the creation of Berkley Edge, a business dedicated to delivering professional liability and casualty insurance solutions for small to mid-sized c...

Posted: Aug 20, 2025

MGA Novus Underwriting adds Collinson Group to warranty & affinity panel

Reinsurance News

Novus Underwriting, a specialist global wholesale warranty and affinity MGA and part of the Aventum Group, has partnered with Collinson Insurance for its annually renewable warranty products, covering more than 500,000 policies. The new exclusive...

Posted: Aug 20, 2025

Optio Group names Carrie-Ann Hallett as Head of Insurer Partnerships

Reinsurance News

Optio Group, a specialty managing general agent (MGA) providing underwriting and distribution solutions across multiple lines of business, has announced the appointment of Carrie-Ann Hallett as Head of Insurer Partnerships, effective immediately,...

Posted: Aug 20, 2025

AM Best upgrades outlook on Dunav-Re’s credit rating amid strengthened financial backing

Reinsurance News

AM Best, the credit rating agency, has changed the outlook on the Long-Term Issuer Credit Rating (Long-Term ICR) of Dunav-Re a.d.o (Dunav-Re), based in Serbia, from stable to positive. At the same time, the agency affirmed the Financial Strength R...

Posted: Aug 20, 2025

Sentry Leases 105,000 Square Feet for The General’s Offices in Nashville

Insurance Journal

Less than a year after it purchased The General auto insurer, Sentry Insurance is leasing 105,000 square feet of office space in Nashville, giving The General new headquarters. The General, one of the largest non-standard auto insurers in the country...

Posted: Aug 20, 2025

Fatal Explosion at 110-Year Old U.S. Steel’s Plant Raises Questions About Its Future

Insurance Journal

The fatal explosion last week at U.S. Steel’s Pittsburgh-area coal-processing plant has revived debate about its future just as the iconic American company was emerging from a long period of uncertainty. The fortunes of steelmaking in the U.S....

Posted: Aug 20, 2025

California Crafting New Auto Pollution Rules After Trump Attacks

Insurance Journal

California’s clean-air regulator is pressing ahead with work on new rules for auto emissions in the state and possible new tax credits for electric cars to counter the Trump administration’s effort to corral the state’s regulatory h...

Posted: Aug 20, 2025

Musk’s SpaceX, Others Win Court Challenge to Labor Board’s Structure

Insurance Journal

A U.S. appeals court on Tuesday agreed with Elon Musk’s SpaceX and two other companies that the U.S. National Labor Relations Board’s structure is likely unlawful and blocked the agency from pursuing cases against them. The ruling by the...

Posted: Aug 20, 2025

Insurance Matters Topped Disputes Handled by Oregon Consumer Advocates

Insurance Journal

Consumer advocates in the Oregon Division of Financial Regulation report recovering $1.2 for residents, bringing the year-to-date total to more than $3.7 million. In the second quarter, consumer advocates reported getting 1,367 complaints, with insur...

Posted: Aug 20, 2025

Canopius names Jinnan Tang as Casualty Treaty Underwriter

Reinsurance News

Global specialty re/insurer Canopius Group has appointed Jinnan Tang as a Casualty Treaty Underwriter, effective August 11th, 2025, based in Singapore. Tang joins the Asia Pacific (APAC) regional team, reporting to Andrew Parker and Micia Yong in...

Posted: Aug 20, 2025

JPMorgan Must Face Claims Over Son’s Fleecing of Elderly Mom

Insurance Journal

JPMorgan Chase & Co. lost an attempt to stop an 85-year-old widow from pursuing claims in arbitration that the company failed to prevent her son from siphoning more than $8 million from her bank accounts. The widow, Susan Kraus, in …

Posted: Aug 20, 2025

Why Musculoskeletal Recovery Is Getting More Complex, And What Claims Teams Can Do About It

Risk & Insurance

As workplace injury rates fall, a new challenge is rising: complexity. The post Why Musculoskeletal Recovery...

Posted: Aug 19, 2025

W. R. Berkley Corporation forms Berkley Edge

coverager

Berkley Edge will focus on addressing the needs of hard-to-place and distressed risks, offering coverage exclusively through wholesale brokers.

Posted: Aug 19, 2025