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Texas to Ban Smokeable Hemp on March 31

Insurance Journal

New state rules that eliminate natural smokeable hemp products and increase licensing fees will go into effect at the end of the month. Hemp industry leaders say these new regulations will eliminate a majority of their inventory and force those &#823...

Posted: Mar 24, 2026

People Moves: Maryland Appoints Two Associate Insurance Commissioners

Insurance Journal

Maryland Insurance Commissioner Marie Grant appointed Megan Mason as associate commissioner of life and health and Giri Govada as associate commissioner of operations and technology. Mason will oversee the agency’s life and health division, whi...

Posted: Mar 24, 2026

SoftBank’s Son Says Ohio Data Center to Be $500 Billion Project

Insurance Journal

SoftBank Group Corp. is developing a data center-focused project in Ohio so massive that Chief Executive Officer Masayoshi Son said it would channel $500 billion into a single campus. “We are going to do the largest construction project in the...

Posted: Mar 24, 2026

Valero Port Arthur Refinery Has Fire at Diesel Hydrotreater

Insurance Journal

Valero Energy Corp. responded to a fire in a unit at its Port Arthur refinery in Texas on Monday, adding pressure to a US fuels market that’s already seen prices skyrocket due to the Middle East war. A fire broke …

Posted: Mar 24, 2026

California Sues Department of Energy Over Sable Oil Pipeline Restart

Insurance Journal

California Attorney General Rob Bonta said on Monday he has sued the U.S. Department of Energy to stop it from using a Cold War-era law to restart the long-disputed Sable Offshore pipeline system linking the Santa Ynez offshore platform to …

Posted: Mar 24, 2026

Westfield Specialty promotes Katie MacGregor to COO

Reinsurance News

Westfield Specialty International, a specialty insurance provider, has announced the promotion of Katie MacGregor to Chief Operating Officer (COO). In her role, MacGregor will lead operational functions across the international business — covering...

Posted: Mar 24, 2026

High-Grade Borrowers Jump Back Into Bond Market After Halt

Insurance Journal

The US investment-grade bond market reopened Monday following a three-session pause in activity, as concerns over the Iran conflict ease. Six firms raised a combined $7 billion from high-grade debt offerings, after President Donald Trump said he woul...

Posted: Mar 24, 2026

Oakbridge Names New President and CEO as Smith Moves to Chairman Role

Insurance Journal

Georgia-headquartered Oakbridge Insurance, one the largest privately owned brokerages, announced that longtime president and CEO Robbie Smith will be executive chairman, starting July 1. Matt James, the current chief financial officer and chief acqui...

Posted: Mar 24, 2026

EPA Promises Ruling on New Hampshire Repeal of Vehicle Inspections by Summer

Insurance Journal

U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin has promised New Hampshire officials that his agency will expedite its review of the state’s request for a Clean Air Act waiver that will allow it to repeal its vehicle inspect...

Posted: Mar 24, 2026

Mosaic Insurance reorganises underwriting hubs to support global growth

Reinsurance News

Mosaic Insurance, a specialty insurer, has announced a reorganisation of two of its core underwriting hubs as part of efforts to better align international resources and support its next phase of growth. As part of the restructuring, Benn Wilson,...

Posted: Mar 24, 2026

Natural Catastrophe Insured Losses Hit $107 Billion in 2025 as Wildfire and Storm Risks Accelerate

Risk & Insurance

Secondary perils accounted for a record 92% of global insured natural catastrophe losses in 2025, and trend-line projections point to $148 billion in 2026, according to Swiss Re Institute. The post

Posted: Mar 24, 2026

Fire Destroys Historic Courthouse in Georgia

Insurance Journal

A fire that broke out Monday almost completely destroyed the 134-year-old Floyd County Courthouse in Rome, Georgia, leaving officials looking for new office space for some government functions, local news sites reported. The courthouse, built in 1892...

Posted: Mar 24, 2026

Amiga Specialty partners with AXA XL to bolster Financial Institutions offering

Reinsurance News

Amiga Specialty, a specialist managing general agent (MGA), has secured a significant capacity agreement with AXA XL, which will bolster its Financial Institutions (FI) proposition and accelerate its growth across international markets. The deal f...

Posted: Mar 24, 2026

Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liability Cover

Carrier Management

Chubb Outlines Structure of $20B Gulf Reinsurance Facility, Now Including Liabi...

Posted: Mar 24, 2026

‘Perfect time’ for climate-tech focus, says Dickson as OAK Global unveils new unit

Reinsurance News

OAK Global is targeting the increasingly interconnected risks of climate and technology with the launch of OAK Horizon, a new underwriting unit designed to channel capital into emerging exposures, as CUO Tom Dickson points to a narrowing window to...

Posted: Mar 24, 2026

FCC Bans Wireless Router Imports, Citing Security Concerns

Insurance Journal

The Federal Communications Commission ordered a ban on the import of new models of foreign-produced consumer wireless routers after an interagency panel determined they threaten national security. While the FCC said companies could apply for exemptio...

Posted: Mar 24, 2026

HDI Global’s revenue increases to €10.3bn in 2025

Reinsurance News

Corporate & Specialty insurer HDI Global, part of the Talanx Group, has reported positive financial results for 2025, with insurance revenue increasing 5%, to €10.3 billion, after adjustment for currency effects. According to the insurer, the...

Posted: Mar 24, 2026

Gallagher Re report warns traditional insurance is failing to cover AI-related liabilities

Reinsurance News

Gallagher Re, the global reinsurance broker, has released a new white paper in partnership with Massachusetts Institute of Technology and Testudo stating that existing insurance frameworks are not equipped to deal with risks arising from artificia...

Posted: Mar 24, 2026

Mike Lynch’s Estate Refused Permission to Appeal in UK HP-Autonomy Case

Insurance Journal

The estate of late British tech tycoon Mike Lynch was on Tuesday refused permission to appeal a ruling by London’s High Court that he was liable to Hewlett Packard Enterprise over its acquisition of his firm Autonomy. The U.S. technology &#8230...

Posted: Mar 24, 2026

German Court Rejects Bid to Ban Mercedes and BMW’s Fossil-Fuel Cars

Insurance Journal

Environmentalists suffered a setback on Monday when Germany’s top appeals court threw out their cases seeking to ban Mercedes-Benz and BMW from selling new combustion-engine cars from November 2030. The federal court of justice in Karlsruhe uph...

Posted: Mar 24, 2026

Alacrity Solutions establishes UK presence to support Lloyd’s-placed US risks

Reinsurance News

Alacrity Solutions, a US-based insurance services firm specialising in complex and catastrophe-driven claims, has launched a UK presence from within the Lloyd’s of London building to support insurers and coverholders placing US risks through the L...

Posted: Mar 24, 2026

AM Best maintains stable outlook on UK non-life insurance segment

Reinsurance News

AM Best has maintained its stable outlook on the UK non-life insurance segment, noting that headwinds and tailwinds affecting the segment’s operating environment remain broadly balanced despite elevated geopolitical risks. The ratings agency...

Posted: Mar 24, 2026

Hyundai Recalls 58,000 Palisade SUVs in South Korea Over Automatic Seat Problem

Insurance Journal

South Korea’s transport ministry announced on Tuesday the recall of 58,000 Hyundai Motor Palisade hybrid sport utility vehicles nationwide over safety concerns, following a fatal accident in the United States earlier this month. Hyundai stopped...

Posted: Mar 24, 2026

Ariel Re rolls out promotions across its Bermuda and London offices

Reinsurance News

Global reinsurance business Ariel Re has announced several promotions across its Bermuda and London offices, reinforcing its “academy firm” approach as it continues to position itself as a place where re/insurance professionals can learn, grow, an...

Posted: Mar 24, 2026

Iran Sends Waves of Missiles Into Israel, Calls Trump’s Talk of Negotiations ‘Fake News’

Insurance Journal

Iran launched multiple waves of missiles at Israel on Tuesday, the Israeli military said, after U.S. President Donald Trump postponed the bombing of the Islamic Republic’s power plants and other energy infrastructure because of what he describe...

Posted: Mar 24, 2026

Brit launches cargo consortium with capacity of up to $80m

Reinsurance News

Specialty insurer Brit Group Holdings Limited has launched ‘BRIDGE’, a new cargo consortium offering line capacity of up to $80 million. According to Brit, the consortium is set to be one of the largest in the cargo market. The insurer explains th...

Posted: Mar 24, 2026

Turning Claims Documents into Decisions

Insurance Journal

Wisedocs Launches Decision Intelligence Platform Built for the Claims Lifecycle — Helping Carriers, TPAs, and Legal Teams Close Files Faster and Reserve with Confidence. Miami, FL — Claims teams face a compounding problem: nuclear verdicts, social in...

Posted: Mar 24, 2026

Chaucer and Ceto partner to launch new marine MGA

Reinsurance News

Global specialty re/insurance group Chaucer, and Ceto AI, a technology company specialising in predictive analytics for the maritime industry, have launched a new marine managing general agent (MGA), operating as a Lloyd’s coverholder. Under the a...

Posted: Mar 24, 2026

OAK Global launches Horizon unit to target climate and technology risks

Reinsurance News

OAK Global has unveiled a new cross-class strategic business unit, OAK Horizon, aimed at capturing underwriting opportunities at the intersection of climate and technology risk, backed by capacity from its existing Lloyd’s syndicates. OAK Horizon...

Posted: Mar 24, 2026

Peak Re appoints Swiss Re’s Victor Kuk as CEO, Franz-Josef Hahn transitions to Special Advisor

Reinsurance News

Hong Kong domiciled global reinsurance company, Peak Re, has hired Victor Kuk from Swiss Re to serve as its new Chief Executive Officer (CEO), taking over from Co-founder Franz-Josef Hahn, who transitions to Special Advisor after leading the firm...

Posted: Mar 24, 2026

Relation acquires subsea and aquaculture specialist Chinook Insurance

Reinsurance News

US insurance brokerage Relation Insurance Services has acquired the assets of Chinook Insurance Group, LLC, a commercial insurance brokerage that specialises in the subsea and aquaculture industries, among others. Based in Seattle, Washington, Chi...

Posted: Mar 24, 2026

Pro Global expands Latin American operations to support growing demand

Reinsurance News

Pro Global, a specialist adviser to the specialist insurance sector, is accelerating its expansion in Latin America through continued investment in its regional headquarters in Argentina. This growth reflects increasing adoption of outsourced and...

Posted: Mar 24, 2026

AM Best confirms A- financial strength rating for GUNA Re

Reinsurance News

Credit rating agency AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to GUNA Re (Cayman Islands), with the outlook for these ratings as stable. The ratings are underpinned...

Posted: Mar 24, 2026

Ki adds Helen Rios as Active Underwriter for Syndicate 1618

Reinsurance News

Algorithmic Lloyd’s digital follow platform, Ki, has appointed Helen Rios as an Active Underwriter for Syndicate 1618, effective March 2026, subject to regulatory approval. In her new role, Rios will report to Mark Allan, Chief Executive Officer o...

Posted: Mar 24, 2026

Canada Life finalises £30m buy-in with Phoenix Medical Supplies Pension Scheme

Reinsurance News

Canada Life, a life assurance, pensions, and investment company, has completed a £30 million full-scheme buy-in for the Phoenix Medical Supplies Pension Scheme, safeguarding the future benefits of more than 145 pensioners and 80 deferred members....

Posted: Mar 24, 2026

Loss Trends Outpacing Pricing Assumptions: Other Liability Analysis

Insurance Journal

The U.S. insurance industry saw $7.3 billion of adverse loss development in the other liability (occurrence) line during 2025, with more than half of the total coming from recent accident years, according to a new report. The report published by &#82...

Posted: Mar 24, 2026

Trump’s Demand for Admissions Data Sends Wary Colleges Scrambling

Insurance Journal

Colleges are racing to comply with President Donald Trump’s demand for sweeping admissions data and bracing for those records to fuel a new crackdown on campus diversity efforts. They face a Wednesday deadline to submit these documents, even as...

Posted: Mar 24, 2026

NY Lawmakers Urged to Have Faith in Auto Insurance Reform Numbers. But Do They?

Insurance Journal

New York small businesses, big businesses, rideshare companies, police and fire unions, insurers, insurance agents, truckers, bus companies, auto repair shops, university professors, district attorneys, mayors, immigrant and minority groups and other...

Posted: Mar 24, 2026