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Markets/Coverages: Marsh Risk, Apollo Develop Insurance Facility for Uber

Insurance Journal

Marsh Risk, a business of Marsh, and specialty insurer Apollo’s ibott division announced the launch of an insurance facility for Uber. According to the companies, the facility is the first of its kind and will “accelerate the deployment o...

Posted: Mar 12, 2026

US commercial insurance rate growth slows in Q4’25, reports WTW

Reinsurance News

US commercial insurance premiums rose by 2.9% in the fourth quarter of 2025, continuing a steady slowdown from the 3.8% increases seen in the second and third quarters, according to global advisory and brokerage firm WTW’s Commercial Lines Insuran...

Posted: Mar 12, 2026

Coast Guard Rescues 3 Fishermen Whose Ship Sank in Maine’s Boothbay Harbor

Insurance Journal

The U.S. Coast Guard rescued three people from the water approximately 23 miles south of Boothbay Harbor in Maine on Wednesday morning. The Coast Guard Station Boothbay Harbor crew reported they located the vessel at 9:01 a.m. and rescued three &#823...

Posted: Mar 12, 2026

Mississippi Jury Acquits Engineer Charged With Lying About 2017 Plane Crash

Insurance Journal

A jury has acquitted a former engineer overseeing military aircraft maintenance of charges of making false statements and obstructing justice during the criminal investigation of a 2017 military plane crash in Mississippi that killed all 16 service m...

Posted: Mar 12, 2026

WTW: US Commercial Insurance Rates Moderate to 2.9% in Q4 2025

Insurance Journal

U.S. commercial insurance rates increased 2.9% in the fourth quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). “Commercial insurance pricing continued to moderate in the fourth quarter, reflecting a...

Posted: Mar 12, 2026

PERILS places final industry loss estimate for Cyclone Alfred at AU $1.877bn

Reinsurance News

Zurich-based catastrophe insurance data provider PERILS has disclosed its fourth and final industry loss estimate for Cyclone Alfred, noting the event has cost the insurance industry a total of AUD 1.877 billion. This final figure compares to the...

Posted: Mar 12, 2026

If AI Is So Efficient, Why Aren’t Insurers Seeing the Savings?

Risk & Insurance

There's a lot of AI-hype. Where are the results? The post If AI Is So Efficient, Why Aren’t Insurers Seeing the Savings? appeared first...

Posted: Mar 12, 2026

Chubb Backing Trump’s $20 Billion Reinsurance Plan for Hormuz

Carrier Management

Chubb Backing Trump’s $20 Billion Reinsurance Plan for Hormu...

Posted: Mar 12, 2026

Specialty re/insurers face increased loss risk from prolonged Iran conflict: Moody’s

Reinsurance News

A new Moody’s report has warned that the ongoing conflict involving Iran has heightened tail risk for specialty insurers and reinsurers, namely those underwriting complex exposures such as marine war‑risk, aviation and political violence, by incre...

Posted: Mar 12, 2026

Gallagher Re appoints Steven Housse as Facultative Reinsurance Leader, NA

Reinsurance News

Global reinsurance broker Gallagher Re has announced the appointment of Steven Housse as Facultative Reinsurance Leader for North America, effective 12th March 2026. In his new role, Housse will lead the company’s facultative strategy across North...

Posted: Mar 12, 2026

World Faces Largest-Ever Oil Supply Disruption on Middle East War, IEA Says

Insurance Journal

The war in the Middle East is creating the biggest oil supply disruption in history, the International Energy Agency said on Thursday, a day after it agreed to release a record volume from strategic stockpiles to offset shortages and a …

Posted: Mar 12, 2026

Officials Declare Barge Fire in Delaware Bay Under Control

Insurance Journal

The U.S. Coast Guard and the states of Delaware and New Jersey on Wednesday declared the barge fire in Delaware Bay under control. No injuries were reported for the incident. The barge was carrying salvage metal at the time of …

Posted: Mar 12, 2026

People Moves: Andover Cos. Names Nadeau, Duchette; Plymouth Rock Appoints Seaborn

Insurance Journal

The Andover Companies Names Nadeau SVP and CUO, Duchette SVP and CUO The Andover Companies, headquartered in Andover, Massachusetts, appointed Paul Nadeau as senior executive vice president and chief operating officer and Patrick Duchette as senior v...

Posted: Mar 12, 2026

Middle East war exposure likely in specialty lines, but nothing major in actual losses yet, says Han...

Reinsurance News

Sven Althoff, Member of the Executive Board for Property & Casualty at Hannover Re, said this morning that the reinsurer is expecting losses from the ongoing conflict in the Middle East in its specialty reinsurance book, although so far there&...

Posted: Mar 12, 2026

VIG profit before taxes exceeds €1bn for the first time in 2025

Reinsurance News

Vienna Insurance Group (VIG) achieved strong growth in premiums to €16.3 billion and a significant 31.7% rise in profit before taxes to €1.16 billion for 2025, with the firm highlighting robust levels of profitability in all countries. In terms of...

Posted: Mar 12, 2026

ICA declares Significant Events for NT and Queensland floods

Reinsurance News

The Insurance Council of Australia (ICA) has declared two Significant Events for communities affected by recent severe rainfall and flooding in the Northern Territory and Queensland. The Northern Territory flooding includes Katherine and surroundi...

Posted: Mar 12, 2026

Heightened risk of severe cyberattacks amid Middle East conflict: S&P

Reinsurance News

According to S&P Global Ratings, cyber-risk analytics firms have reported heightened activity by threat actors and affiliated hacktivist groups since the outbreak of the Middle East war, including distributed denial-of-service attacks, phishin...

Posted: Mar 12, 2026

Natural Gas Boom Will Spur a Shortage of US Fracking Gear, Shale Boss Says

Insurance Journal

Rising US natural gas exports and soaring domestic demand for the power-plant fuel will lead to a shortage of fracking gear later this decade, according to the head of one the country’s top drilling contractors. Activity in US shale fields &#82...

Posted: Mar 12, 2026

Devonshire Underwriting names Liria Martinez-Salmon MD to lead Southern Europe expansion

Reinsurance News

Devonshire Underwriting, the Managing General Agent (MGA) focused on transactional risk (TR) underwriting, has appointed Liria Martinez-Salmon as Managing Director – Head of Southern Europe. The appointment represents a key step in the firm’s inte...

Posted: Mar 12, 2026

Warburg Pincus Is Said to Explore Options for Asian Insurer Oona

Insurance Journal

Warburg Pincus is considering options for Oona Insurance that might lead to a sale, according to people familiar with the matter, after receiving interest from other insurers and investment firms. The US private equity firm is working with Citigroup...

Posted: Mar 12, 2026

Generali achieves record operating result in 2025 as P&C premiums rise 7.6%

Reinsurance News

Global insurer Generali produced its best ever operating result of €8 billion for the 2025 financial year, with a strong performance in all segments, notably the property and casualty (P&C) arm which delivered a 20% year-on-year increase in it...

Posted: Mar 12, 2026

How The Alliance’s Certified Insurance & Risk Professional (CIRP) Designation Helps New Producers Bu...

Insurance Journal

The insurance industry continues to evolve quickly, and agencies face growing pressure to develop producers who can contribute sooner and communicate with confidence. Many new professionals enter the field with enthusiasm but without a clear pathway...

Posted: Mar 12, 2026

Starr appoints Danielle An as Head of Financial Lines Singapore & Wholesale Business Asia

Reinsurance News

Starr, an insurance and investment organisation, has announced the appointment of Danielle An as Head of Financial Lines, Singapore, and Wholesale Business, Asia. In her new role, An will play a key role in driving Starr’s growth in Financial Line...

Posted: Mar 12, 2026

Chubb to serve as lead underwriter for DFC’s $20bn Maritime Reinsurance plan

Reinsurance News

The U.S. International Development Finance Corporation (DFC) has revealed that Chubb will serve as the lead partner for its $20 billion Maritime Reinsurance Plan, aimed at restoring commercial shipping in the Gulf and helping to restart energy and...

Posted: Mar 12, 2026

Oil Tankers Attacked Off Iraq as Middle East Crisis Worsens

Insurance Journal

Two oil tankers were hit in Iraqi waters, the latest in a string of attacks on ships in the Persian Gulf that are raising risks to global energy supply from the deepening Middle East war.The strikes on the vessels off …

Posted: Mar 12, 2026

Hannover Re’s net income rises to €2.6bn in 2025 as increased reserve resiliency offsets benign loss...

Reinsurance News

Hannover Re, one of Europe’s big four reinsurers, delivered a 13.4% rise in net income to €2.6 billion for the 2025 financial year, as reinsurance revenue increased by 1.5% year-on-year to €26.8 billion, with a strong performance in both the...

Posted: Mar 12, 2026

Markel Insurance names Phil Jones as CIO for International Operations

Reinsurance News

Markel Insurance, the insurance, reinsurance and investment holding company, has announced the appointment of Phil Jones as Chief Information Officer (CIO), International, effective immediately. In the role, Jones will lead the technology strategy...

Posted: Mar 12, 2026

People Moves: Church Mutual Names Pam Rushing as COO, Neil Ziegler to CUO – Admitted

Insurance Journal

Church Mutual Insurance Company announced two leadership promotions that reinforce the company’s focus on innovation and disciplined growth. Pam Rushing has been promoted to chief operating officer (COO), and Neil Ziegler has been promoted to c...

Posted: Mar 12, 2026

People Moves: Church Mutual Names Rushing as COO, Ziegler to Admitted CUO

Insurance Journal

Church Mutual Insurance Company announced two leadership promotions that reinforce the company’s focus on innovation and disciplined growth. Pam Rushing has been promoted to chief operating officer (COO), and Neil Ziegler has been promoted to c...

Posted: Mar 12, 2026