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Marsh McLennan appoints Mathews as Global Digital Infrastructure Leader

Reinsurance News

Marsh McLennan has named Mike Mathews as its Global Digital Infrastructure Leader, where he will leverage the firm’s combined expertise in risk, capital, and advisory solutions to serve clients in the rapidly growing sector. Mathews joined M...

Posted: Dec 19, 2025

S&P cites strengthened competitive position as Lancashire ratings upgraded to ‘A’

Reinsurance News

Bermuda-based global insurer and reinsurer, Lancashire Holdings Limited, has reported that rating agency S&P Global Ratings has lifted its long-term issuer credit and financial strength ratings on the firm’s core re/insurance operating s...

Posted: Dec 19, 2025

11 Firefighters and 2 Others Injured After NC House Explosion and Fire

Insurance Journal

Eleven firefighters and two other people were injured in a house fire explosion in the Piedmont region of North Carolina, officials said. Salisbury Fire Chief Bob Parnell said firefighters did not have life-threatening injuries but were getting treat...

Posted: Dec 19, 2025

A 10-Hour Data Center Outage Is Testing the Ambitions of KKR, GIP

Insurance Journal

Data center operators are fixated on the “five nines” — an expectation that they’ll keep the infrastructure behind financial markets, e-commerce and artificial intelligence running 99.999% of the time. So as news rippled out last mo...

Posted: Dec 19, 2025

London Market faces pivotal moment for industry’s future: Guidewire’s McDonnell

Reinsurance News

As the global insurance industry enters 2026, the London Market is standing at a critical crossroads, with Lloyd’s of London under mounting pressure to redefine its strategic direction following significant leadership transitions – including...

Posted: Dec 19, 2025

Vantage Group to Be Acquired by Ackman-Backed Howard Hughes Holdings for $2.1B

Carrier Management

Vantage Group to Be Acquired by Ackman-Backed Howard H...

Posted: Dec 19, 2025

AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir

Carrier Management

AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir American International Group (AIG)...

Posted: Dec 19, 2025

More US Beef Plants May Close as Cattle Herds Keep Tightening

Insurance Journal

American beef plants are under threat as the number of cattle destined for their facilities stays far below historical levels, reflecting the smallest herd in more than half a century. Cattle placed in US feedlots, where animals are fed until …

Posted: Dec 19, 2025

Ben & Jerry’s Board Says More Directors Face Removal

Insurance Journal

Ben & Jerry’s independent board late on Wednesday said in a filing that its new corporate parent, the Magnum Ice Cream Company, is forcing three more directors to complete training and other requirements or face removal. Ben & Jerry&#82...

Posted: Dec 19, 2025

Kerr County Officials in Race to Build $5M Flood Warning System Before Next Texas Flood Season

Insurance Journal

With the next Texas flood season just months away, Kerr County officials say they’re in a race to build a long-planned flood warning system estimated to cost up to $5 million — and they’re depending on the state to contribute …

Posted: Dec 19, 2025

County Officials in Texas Race to Build $5M Warning System Before Next Flood Season

Insurance Journal

With the next Texas flood season just months away, Kerr County officials say they’re in a race to build a long-planned flood warning system estimated to cost up to $5 million — and they’re depending on the state to contribute …

Posted: Dec 19, 2025

Pazmino named EVP, Head of Marine, Chubb Overseas General Insurance

Reinsurance News

Xavier Pazmino has been appointed as Executive Vice President, Head of Marine, for Chubb Overseas General Insurance (COG), Chubb’s international general insurance operations, effective February 2026. Pazmino, who succeeds Andrew Williamson i...

Posted: Dec 19, 2025

AI Threatens to Displace Workers, Bank of England’s Bailey Warns

Insurance Journal

Artificial intelligence is likely to displace British workers even as it makes the country more productive, Bank of England Governor Andrew Bailey said in his most stark warning yet on the technology’s impact. Bailey said on Friday that the UK...

Posted: Dec 19, 2025

AM Best upgrades Arch on diversification and outperformance

Reinsurance News

AM Best has upgraded Arch Capital Group and its subsidiaries’ ratings, citing the firm’s strong operating performance and a proven track record of delivering superior underwriting results and investment returns, even during softer market condition...

Posted: Dec 19, 2025

Russia Is Trying to Overwhelm Europe With its Sabotage Campaign: Western Officials

Insurance Journal

In November, a train carrying almost 500 people came to a sudden halt in eastern Poland. A broken overhead line had smashed several windows, and the track ahead was damaged. Elsewhere on the line, explosives detonated under a passing freight …

Posted: Dec 19, 2025

Pinkerton joins Previsico as Chief Technical Officer

Reinsurance News

Previsico, a flood forecasting and real-time flood risk intelligence platform provider, has appointed Mark Pinkerton as Chief Technical Officer (CTO). In his new role, Pinkerton will oversee the company’s global technology strategy, product develo...

Posted: Dec 19, 2025

Primary casualty rates rise but reinsurance pricing remains flat: TD Cowen

Reinsurance News

TD Cowen, an investment bank and financial services firm, has shared key observations on the casualty market from recent meetings in Bermuda with reinsurance participants. According to analysts, primary casualty appears to still be successfully in...

Posted: Dec 19, 2025

British Regulator Cracks Down on Home, Travel Insurers

Insurance Journal

Britain’s financial watchdog on Thursday laid out its efforts to raise standards in the home and travel insurance market after a consumer group made a rare “super-complaint” against the regulator, accusing it of letting customers do...

Posted: Dec 19, 2025

India’s Big-Bang Financial Reforms Target Foreign Money

Insurance Journal

India’s long-awaited package of financial services reforms is setting the stage for a surge of foreign capital into the world’s fastest-growing major economy. In the latest step, lawmakers passed a bill this week allowing up to 100% forei...

Posted: Dec 19, 2025

Farmers secures $400m indemnity-based coverage through new cat bond

Reinsurance News

Farmers Insurance Exchange and its subsidiaries and affiliates, collectively known as the Farmers Insurance Group, have closed a $400 million catastrophe bond, providing indemnity-based coverage that complements their traditional catastrophe reins...

Posted: Dec 19, 2025

Gallagher Re hires Martin Hughes to lead new Captives Risk Transfer team

Reinsurance News

Global reinsurance broker Gallagher Re has announced the launch of a new dedicated Captive Risk Transfer team within its Global Facultative practice, which will be led by Martin Hughes as Executive Vice President, Captives, effective January 1, 20...

Posted: Dec 19, 2025

Catastrophe Bonds Linked to Wildfires Lose ‘Untouchable’ Status

Insurance Journal

Alternative investment managers are starting to take a serious interest in catastrophe bonds tied to wildfires, moving into a risk category that just a few years ago was seen as too difficult to model. More than $5 billion of cat …

Posted: Dec 19, 2025

Reinsurers must monitor for any T&Cs slippage amid late Jan 1 renewal: Brit’s Sullivan

Reinsurance News

Amid a “very late” January 1 renewal this year, reinsurers need to remain vigilant and monitor for any terms and conditions (T&Cs) slippage, according to Jon Sullivan, Group CUO at Brit Insurance. As the market approaches the January 1 deadlin...

Posted: Dec 19, 2025

AIG partners with Amwins and Blackstone to launch new Lloyd’s syndicate

Reinsurance News

AIG, in partnership with Amwins and funds managed by Blackstone, is launching a new Lloyd’s syndicate, Syndicate 2479, featuring a novel structure that brings together a specialty distributor, an insurer and a Lloyd’s platform backed by third-part...

Posted: Dec 19, 2025

The Clear Group’s co-founder Howard Lickens to retire

Reinsurance News

Insurance broker The Clear Group has announced the retirement of Howard Lickens, the founder of the business with Gary O’Donnell, at the end of this year. Lickens has been instrumental in shaping Clear since its formation in 2001. Over the last tw...

Posted: Dec 19, 2025

Hong Kong’s non-life insurance segment profitable amid market challenges: AM Best

Reinsurance News

Hong Kong’s non-life insurance industry has consistently achieved profitable underwriting over the past five-year, driven by the performance in the general liability and property damage lines of business, according to a new AM Best report. Acciden...

Posted: Dec 19, 2025

Tesla Door Safety Issues Have Owners Buying Car Escape Tools

Insurance Journal

Tesla owners are going to extreme lengths to deal with a problem most had never imagined: being unable to open malfunctioning doors.

Posted: Dec 19, 2025

Odometer Fraud Sees 14% Jump in the Past Year

Insurance Journal

An estimated 2.45 million cars on the road likely have their odometers rolled back, 14 percent more than last year, according to vehicle history provider CARFAX. There was just a 4 percent increase between 2023 and 2024. “Odometer rollbacks occ...

Posted: Dec 19, 2025

UPS Ripped Off Seasonal Workers With Unfair Pay Practices, Lawsuit Alleges

Insurance Journal

UPS stole tens of millions of dollars in pay from seasonal workers who help the shipping giant deliver packages during the busy holiday season, forcing some to clock in well after their shifts started and deducting pay for lunch breaks …

Posted: Dec 19, 2025

Higginbotham Adds Energy Sector Specialty Firm in Georgia

Insurance Journal

Higginbotham, ranked as one of the top-20 largest independent insurance brokerages in the U.S., has continued its growth with the addition of Charter Energy, a specialty insurance brokerage in Atlanta. Charter was founded in 1986 by Pete Lunati and i...

Posted: Dec 19, 2025

People Moves: Siry Joins Patriot Growth; Starkweather & Shepley Names Zito

Insurance Journal

Siry Joins Patriot Growth Insurance Services as COO Patriot Growth Insurance Services LLC, headquartered in Fort Washington, Pennsylvania, appointed Darryl Siry as chief operating officer (COO). Siry has over 25 years of experience leading technology...

Posted: Dec 19, 2025

X Corp. Sues Social Media Startup Over Bid to Claim ‘Twitter’ Brand

Insurance Journal

Elon Musk’s X Corp. sued a startup on Tuesday after it sought to cancel X’s Twitter trademarks so it can “bring Twitter back” as a new social media platform. X said in the lawsuit in Delaware federal court that its …

Posted: Dec 19, 2025

X Corp. Sues Virginia Social Media Startup Over Bid to Claim ‘Twitter’ Brand

Insurance Journal

Elon Musk’s X Corp. sued a startup on Tuesday after it sought to cancel X’s Twitter trademarks so it can “bring Twitter back” as a new social media platform. X said in the lawsuit in Delaware federal court that its …

Posted: Dec 19, 2025

Contractor Again Exposed Workers to Cave-In, Excavation Hazards: OSHA

Insurance Journal

The Occupational Safety and Health Administration reported that it has again cited an Easton, Connecticut concrete and earthwork contractor for willfully failing to protect workers from cave-in and excavation hazards OSHA has proposed more than $1.2...

Posted: Dec 19, 2025

California Cuts PG&E’s and Edison’s Profits for Grid Investments

Insurance Journal

California regulators reduced the profit that utilities are allowed to make on infrastructure investments in an effort to rein in soaring electricity bills. Related: Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes The move Thursd...

Posted: Dec 19, 2025

California Commissioner Orders Moratorium on Cancellations Over Pack Fire

Insurance Journal

Insurance Commissioner Ricardo Lara ordered a mandatory one-year moratorium to prevents homeowners’ insurance cancellations and non-renewals for Pack Fire victims following an emergency declaration. Lara ordered insurers to preserve residential...

Posted: Dec 19, 2025

Eugene Lim joins Howden as Head of Tax Insurance, Asia

Reinsurance News

Howden, a global insurance and reinsurance broking group, has announced the appointment of Eugene Lim as Head of Tax Insurance, Asia. In his new role, Lim will lead Howden’s tax advisory and insurance capabilities across the region, working with c...

Posted: Dec 19, 2025

Davis & Towle Adds Keene Agency to Its New Hampshire Group

Insurance Journal

Davis & Towle Insurance Group, a large New Hampshire independent insurance agency, now has 13 agency locations in its group across the state with the addition of The Insurance Source. The Insurance Source in Keene has served the Greater Monadnock...

Posted: Dec 19, 2025

Tokio Marine HCC announces collaboration with Cytora

coverager

The collaboration streamlines the intake and preparation of submission materials.

Posted: Dec 18, 2025