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Increased demand drives LatAm reinsurance growth despite challenging conditions: AM Best

Reinsurance News

Despite the challenging conditions in Latin America in 2025, reinsurance markets in the region continue to expand, driven by increased demand and greater dynamism, according to a recent AM Best report. One of the challenges is that disinflation is...

Posted: Sep 03, 2025

Disney to Pay $10M to Settle Claim of Allowing Unlawful Collection of Children’s Data

Insurance Journal

Walt Disney will pay $10 million to settle U.S. Federal Trade Commission allegations that the company unlawfully allowed personal data to be collected from children who viewed kid-directed videos on YouTube without notifying parents or obtaining thei...

Posted: Sep 03, 2025

CFC appoints Jane Poole as Group CFO

Reinsurance News

CFC, a specialist insurance provider focused on emerging risks and cyber, has announced the appointment of Jane Poole as Group Chief Financial Officer (CFO). Poole succeeds current Group CFO Michael Grist, who has served for nearly 16 years. Grist...

Posted: Sep 03, 2025

Buyers expect property reinsurance pricing to fall as demand rises & attachment points hold: Moody’s

Reinsurance News

The 2025 reinsurance buyers survey from Moody’s Ratings reveals a “decisive shift towards rate reductions” for property reinsurance risks when compared to prior years, while demand for coverage is expected to rise as attachment p...

Posted: Sep 03, 2025

Acrisure Re introduces AcrisureIQ for portfolio and reinsurance optimisation

Reinsurance News

Acrisure Re, the reinsurance division of Acrisure, has announced the release of AcrisureIQ Pro, a new tool aimed at helping clients analyse and adjust their portfolios and reinsurance programmes. AcrisureIQ PRO becomes part of AcrisureIQ, the firm...

Posted: Sep 03, 2025

Fitch Revises Global Reinsurance Sector Outlook to ‘Deteriorating’ on Rising Competition

Insurance Journal

Fitch Ratings has revised its outlook for the global reinsurance sector to “deteriorating” for 2026 from “neutral” for 2025, reflecting its expectation that underlying operational and business conditions are likely to worsen,...

Posted: Sep 03, 2025

It’s a dynamic, competitive yet reasonably disciplined reinsurance market: Urs Baertschi, Swiss Re

Reinsurance News

The reinsurance industry has been operating reasonably efficiently and has shown resilience to large losses like the Los Angeles wildfires in January, and, after the 2025 renewal periods, Urs Baertschi, Chief Executive Officer (CEO) of Property &#...

Posted: Sep 03, 2025

ADNOC and RIQ announce $500m AI-powered reinsurance collaboration

Reinsurance News

ADNOC, an AI-native reinsurance platform and subsidiary of International Holding Company (IHC), has partnered with RIQ, a diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi, to collaborate on a long-term reinsuran...

Posted: Sep 03, 2025

Effective cycle management critical to navigating volatility: Gallagher Re’s Wakefield

Reinsurance News

Gallagher Re’s CEO, Tom Wakefield, has highlighted robust global reinsurance capital and manageable loss ratios as the market heads towards the 67th edition of the Rendez-Vous de Septembre (RVS) in Monte Carlo this week, emphasising that effective...

Posted: Sep 03, 2025

SCOR places €500m subordinated notes set to mature in 2055

Reinsurance News

French reinsurer SCOR has successfully placed €500 million Fixed to Floating Rate Subordinated Notes with institutional investors, which mature on September 10, 2055, and are eligible as Tier 2 regulatory capital under Solvency II. The notes are r...

Posted: Sep 03, 2025

Man Pleads Guilty to Conspiring in Illinois Underground Mine Fire Fraud

Insurance Journal

A Kentucky man entered a guilty plea to conspiring to defraud the U.S. Mine Safety and Health Administration (MSHA) in relation to an underground fire that occurred in the MC#1 Mine in Franklin County, Illinois, in August 2021. According to …

Posted: Sep 03, 2025

Aon highlights $5bn reinsurance premium opportunity from emerging casualty risks

Reinsurance News

In its latest casualty sector update, developed in collaboration with Moody’s, Aon revealed that emerging risks, such as PFAS contamination, addictive software design, and microplastics, could contribute approximately $5 billion of reinsuran...

Posted: Sep 03, 2025

Cyber insurance faces rate deterioration and reduced organic growth: Swiss Re

Reinsurance News

Despite a fast-evolving cyber threat landscape, Swiss Re reports that cyber insurance rates have deteriorated for a third consecutive year, leading to growth estimates being revised down from 6% to 5% compound annual growth rate (CAGR) from 2023 o...

Posted: Sep 03, 2025

Texas Program Aims to Reduce Car Crashes and Fatalities in Permian Basin

Insurance Journal

Workers at the Texas Department of Transportation have begun responding to calls to remove debris and abandoned vehicles from West Texas roads and extinguish vehicle fires. They also change flat tires and jumpstart car batteries. The program, launche...

Posted: Sep 03, 2025

The Year So Far: Liberty Improves Most Among Nationals; Discipline Tested

Carrier Management

The Year So Far: Liberty Improves Most Among Nationals; Discip...

Posted: Sep 03, 2025

Paragon appoints Sudagar as Chief Actuary

Reinsurance News

Paragon Insurance Holdings, an international managing general agency, has announced the appointment of Maheswaran Sudagar as Chief Actuary. In his new role, Sudagar, a Fellow of the Casualty Actuarial Society (FCAS) with over two decades of experi...

Posted: Sep 03, 2025

Multi-Vehicle Crash in East Texas Injures 17

Insurance Journal

A multi-vehicle crash Saturday on an East Texas interstate sent 17 injured people to area hospitals and shut down a major interstate for hours. None of the injuries appeared to be life threatening after the crash along Interstate 20 involving …

Posted: Sep 03, 2025

Skyward Specialty to acquire Lloyd’s specialist Apollo

Reinsurance News

Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurer, has entered into a definitive agreement to acquire 100% of Lloyd’s specialist, Apollo Group Holdings Limited’s shares for a total consideration of...

Posted: Sep 03, 2025

Missouri Auto Dealership to Pay $275K in Sex Discrimination Case

Insurance Journal

Landmark Dodge, Inc., and Landmark South, Inc. (Landmark Dodge), the owners of automobile dealerships in Independence, Missouri and formerly in Belton, Missouri, will pay $275,000 and furnish other relief to settle a U.S. Equal Employment Opportunity...

Posted: Sep 03, 2025

DOF advances climate-disaster risk finance & insurance mechanisms in the Philippines

Reinsurance News

The Department of Finance (DOF), together with the Global Shield Secretariat, the Institute for Climate and Sustainable Cities (ICSC), and development partners, is working to strengthen climate-disaster risk finance and insurance (CDRFI) mechanism...

Posted: Sep 03, 2025

IPO Floodgates Open for Fall Season as Trump Tariff Worries Ease

Insurance Journal

A slew of companies across sectors ranging from crypto to consumer launched U.S. IPO roadshows on Tuesday, kicking off the post-Labor Day fall window as investor anxiety over U.S. President Donald Trump’s tariffs started to recede. Analysts say...

Posted: Sep 03, 2025

Ten Big Banks Defeat Antitrust Lawsuit in Over Bond Trades

Insurance Journal

A U.S. judge on Tuesday dismissed an antitrust lawsuit accusing 10 large banks of conspiring to rig corporate bond prices at the expense of ordinary investors, after the original judge recused himself because his wife owned stock in one of …

Posted: Sep 03, 2025

Markets/Coverages: Marsh Extends Nimbus Data Center Facility to US Projects

Insurance Journal

Marsh, a business of Marsh McLennan, announced the extension of its Nimbus insurance facility for the construction of large-scale data centers across the US, as well as in Canada, New Zealand, and Australia. Launched in June and initially covering th...

Posted: Sep 03, 2025

Florida OIR Fines Carriers for Adjuster Appointments, Lack of Disclosure Statements

Insurance Journal

Florida Insurance Comissioner Michael Yaworsky this year has levied more than $2 million in fines against 8 property insurance companies over claims-handling practices flagged by recent market conduct examinations. Three of the companies, American Co...

Posted: Sep 03, 2025

Marsh McLennan Agency Acquires Robins Insurance in Nashville

Insurance Journal

Marsh McLennan Agency, part of Marsh and with offices in New York and around the country, has acquired Robins Insurance of Nashville. The agency, on the cusp of celebrating 50 years in operation, offers business and personal lines coverage in …

Posted: Sep 03, 2025

Poll: Most Pacific Northwest Residents Expect Big Quake, But Most Aren’t Prepared

Insurance Journal

Most Pacific Northwest say they expect to experience a major earthquake in their lifetime, but a fraction of households say they’re preparing for such a disaster. A poll of Washington and Oregon residents by PEMCO Mutual found that 82% of &#823...

Posted: Sep 03, 2025

Visitor Saves Lost Boy Who Wandered Onto Elevated Monorail in Hersheypark

Insurance Journal

A lost boy wandering a monorail line high above the crowd at Hersheypark was rescued by a park visitor who climbed onto a building and jumped onto the rails. The child was reported missing at about 5:05 p.m. Saturday after …

Posted: Sep 03, 2025

Citing Cancer Risk, Fire Departments Switch to Gear Free of Forever Chemicals

Insurance Journal

Every time he rushed out on a fire call, East Providence Lt. Thomas Votta knew he put himself at risk for cancer. There are potential carcinogens in the smoke billowing out of a house fire, but also risks from wearing …

Posted: Sep 03, 2025

California Energy Regulators Pause Efforts to Penalize Oil Companies

Insurance Journal

California energy regulators have put the brakes on plans requiring oil companies to pay a penalty if their profits climb too high, a temporary win for the fossil fuel industry two years after the governor declared the state had “finally &#8230...

Posted: Sep 03, 2025

Sompo announces three key appointments in APAC Finance team

Reinsurance News

Sompo has announced three key appointments in its Asia Pacific (APAC) Finance team, with See Ju Chua, Pei Shan Tay, and Mindy Lee assuming new roles within the company. See Ju Chua has been appointed Senior Vice President (SVP), Head of Capital Ma...

Posted: Sep 03, 2025

Leading The Charge: How Insurers Are Tackling High-Tech Fraud To Protect Customers

Risk & Insurance

As criminals use technology to deceive businesses, insurance companies can guide customers, brokers, and agents on fraud prevention while sharing insights on emerging trends. The post

Posted: Sep 02, 2025

Google Adtech Fine on Hold as EU Awaits Lower US Car Duties, Sources Say

Insurance Journal

EU antitrust regulators have delayed fining Alphabet’s Google over its adtech business, while waiting for the United States to cut tariffs on European cars as part of a trade deal, three people with knowledge of the matter said on Tuesday. &#82...

Posted: Sep 02, 2025

Chinese Firm Faces $420 Million Zambia Mine-Spill Damages Claims

Insurance Journal

eople affected by a large-scale toxic spill at a Zambian mine in February are demanding $420 million in compensation from the Chinese state-owned company that operates the site. Two separate groups sent letters of demand to Sino Metals Leach Zambia &...

Posted: Sep 02, 2025

Jaguar Land Rover Hit by Cyber Incident That Disrupts Production, Sales

Insurance Journal

Jaguar Land Rover’s retail and production activities have been “severely disrupted” following a cybersecurity incident, the British luxury carmaker said on Tuesday, adding that it was working to restart its operations in a controlle...

Posted: Sep 02, 2025

Skyward Specialty Agrees to $555M Buy of Apollo Group From PE Firm Alchemy

Insurance Journal

Skyward Specialty Insurance Group said it has a definitive agreement with the majority sellers to acquire 100% of Apollo Group Holdings Limited from private equity firm Alchemy for a total of $555 million in a mix of cash and shares …

Posted: Sep 02, 2025

Clutch and TruStage expand partnership

coverager

Clutch is backed by TruStage Ventures.

Posted: Sep 02, 2025

QBE partners with Thriday

coverager

The referral arrangement will provide Thriday customers with a discount of up to 10% on new QBE policies, subject to terms and conditions.

Posted: Sep 02, 2025

The AA picks boost.ai

coverager

boost.ai is a conversational AI platform.

Posted: Sep 02, 2025

London Underwriters Partners with Berkshire Hathaway GUARD to Expand Commercial Insurance Access for...

coverager

Hallandale, FL – September 2nd 2025 London Underwriters, a leading wholesale insurance broker, is proud to announce a new partnership with Berkshire Hathaway GUARD Insurance Companies, a trusted provider of...

Posted: Sep 02, 2025

Neutrinos Launches Coreless AI System for Insurers

IIR

The new platform provides real-time data execution through virtualization without replacing legacy systems.

Posted: Sep 02, 2025

Insurity launches Pro Suite platform for MGA market

IIR

The cloud-based system expands on Sure MGA with broader capabilities for intermediaries and carriers.

Posted: Sep 02, 2025

Everest Names Jiten Voralia CUO for Global Reinsurance

IIR

Voralia will oversee underwriting strategy worldwide and report to Jill Beggs, EVP and CEO of reinsurance.

Posted: Sep 02, 2025

FOUR GENERATIONS OF “A” GAMERS

Rough Notes

Natalie Stone takes the helm at Illinois agency founded by her great grandmother “Our team learns from one another constantly, enabling us to craft tailored risk mitigation strategies for each client. Everyone here knows our clients and deeply unders...

Posted: Sep 02, 2025