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Marsh Risk adds Angela Baker as Portfolio Solutions Leader for UK

Reinsurance News

Marsh Risk, a business of insurance broker and risk advisor Marsh, has appointed Angela Baker as UK Marsh Portfolio Solutions Leader, effective immediately. In her new role, Baker is based in London and will report to Tom Davies, UK Placement Lead...

Posted: Feb 24, 2026

Over 2,000 Flights Cancelled, 380,000 Homes Without Power as Storm Effects Continue

Insurance Journal

U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early …

Posted: Feb 24, 2026

Over 2,000 Flights Canceled, 380,000 Homes Without Power as Storm Effects Continue

Insurance Journal

U.S. airlines canceled over 2,000 flights on Tuesday, far fewer than a day earlier, as a powerful winter storm that disrupted airports across the Northeast was expected to ease by evening, with strong winds expected to continue into the early …

Posted: Feb 24, 2026

FedEx Sues US for Refund on Trump’s Emergency Tariffs

Insurance Journal

Global transportation company FedEx filed a lawsuit in the U.S. Court of International Trade seeking a refund for President Donald Trump’s emergency tariffs, one of the highest profile moves to recover funds since the U.S. Supreme Court last we...

Posted: Feb 24, 2026

EU’s Russia Sanctions Hit Roadblock Put Up by Hungary, Slovakia

Insurance Journal

The European Union failed to approve a fresh round of sanctions against Russia as Hungary and Slovakia halted the measures, laying bare divisions within the bloc as the war in Ukraine enters its fifth year. Efforts by EU foreign ministers …

Posted: Feb 24, 2026

US P&C industry sees decade-high performance in 2025, AM Best reports

Reinsurance News

The United States property and casualty (P&C) insurance sector recorded its strongest performance in ten years in 2025, driven by disciplined underwriting, robust pricing and investment gains, despite ongoing pressures from claim costs and lia...

Posted: Feb 24, 2026

UK Targets Russian Oil Fleet With Biggest Sanctions Hit in Years

Insurance Journal

The UK government announced new sanctions on Russia’s so-called shadow oil fleet as it ramped up efforts to squeeze energy revenues funding the Kremlin’s war in Ukraine. Britain targeted 175 companies in the 2Rivers network, according to...

Posted: Feb 24, 2026

Price Forbes hires Davies to lead Bermuda property division

Reinsurance News

Price Forbes has appointed Gareth Davies as Executive Vice President and Head of Property, effective immediately, with Davies to be based in Bermuda, where he will lead the strategic development and growth of the firm’s property division. Davies,...

Posted: Feb 24, 2026

Skuld reports successful outcome for 2026/27 mutual P&I renewal

Reinsurance News

Marine insurance provider Skuld has reported a successful and robust outcome for the 2026/27 mutual P&I renewal, reflecting disciplined underwriting, firm market positioning, and continued support both from existing and new members. Skuld owne...

Posted: Feb 24, 2026

Skyward Specialty reports $43.2m net income and improved CoR for Q4’25

Reinsurance News

Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurance company, has announced its financial results for the fourth quarter of 2025 reporting a net income of ​​$43.2 million, a 13.2% increase in gross written prem...

Posted: Feb 24, 2026

SCOR’s Chris Beazley joins the IUA Board

Reinsurance News

The Board of the International Underwriting Association (IUA) has announced the addition of Chris Beazley, Chief Commercial Officer at SCOR Business Solutions and Chief Executive Officer of SCOR UK and SCOR Syndicate, to its ranks. The IUA Board i...

Posted: Feb 24, 2026

An Impressive Tally: Congratulating the Power Broker Class of 2026

Risk & Insurance

As we edited the profiles of this year’s crop of Power Broker winners, that phrase, “the ball’s in the back of the net,” kept bubbling up into my consciousness. The post

Posted: Feb 24, 2026

B.P. Marsh views sustained M&A wave as strategic opportunity

Reinsurance News

B.P. Marsh & Partners, the specialist venture capital investor in early-stage financial services businesses, has suggested it sees ongoing mergers & acquisitions (M&A) activity as a source of opportunity, both within its existing portf...

Posted: Feb 24, 2026

Markel Group names Wilson and Crowley as EVPs

Reinsurance News

Global reinsurance and insurance company, Markel Group Inc., has appointed Simon Wilson and Andrew Crowley as its Executive Vice Presidents (EVP), effective immediately. The pair will take on the expanded role in addition to their current responsi...

Posted: Feb 24, 2026

Oklahoma Captive insurance Program Adds 10 Insurers

Insurance Journal

The Oklahoma Insurance Department (OID) announced that its captive insurance program had another record year in 2025 with a net gain of 10 licensed captive insurers. Oklahoma has now surpassed its previous high of 73 captive insurers, which was set &...

Posted: Feb 24, 2026

Marsh Mulls Sale of PCS, Financial Risk Manager for Super Rich Asians

Insurance Journal

Marsh is exploring a sale of its financial risk manager and life insurance broker for high-net-worth individuals in Asia, according to people familiar with the matter. Marsh, formerly known as Marsh & McLennan Cos., is working with an adviser on...

Posted: Feb 24, 2026

Zurich Australia expands in life insurance market with ClearView acquisition

Reinsurance News

Zurich Financial Services Australia (Zurich) has entered an agreement to acquire ClearView Wealth Limited (ClearView) via a scheme of arrangement. The transaction bases ClearView’s equity value at approximately AUD 415 million. Zurich Austra...

Posted: Feb 24, 2026

Kin sees continued top-line growth in 2025 as GWP reach $634.4m

Reinsurance News

Kin, the direct-to-consumer digital home and auto insurance and home finance provider, has reported continued strong top-line expansion in 2025, with gross written premium (GWP) increasing 28% year-on-year to $634.4m, compared with $495.3m in 2024...

Posted: Feb 24, 2026

Cheryl Yi Min Poon joins Howden’s Multinational Client Practice

Reinsurance News

Global insurance and reinsurance broker Howden has appointed Cheryl Yi Min Poon as Director, Multinational Client Practice. Cheryl is joining Howden following a ten-year tenure at Marsh Asia, where she most recently served as Vice President. She i...

Posted: Feb 24, 2026

Solomon Islands records first climate risk insurance payouts following January heavy rainfall

Reinsurance News

The Central Bank of Solomon Islands (CBSI), the country’s monetary authority responsible for maintaining financial stability and supervising the banking sector, has successfully completed the first payouts under Solomon Islands’ climate risk param...

Posted: Feb 24, 2026

Oklahoma Medical Practice to Pay $90K in Pregnancy Discrimination Lawsuit

Insurance Journal

Urologic Specialists of Oklahoma, Inc., a medical practice that operates five clinics employing two dozen physicians in Oklahoma, Arkansas and Missouri, will pay $90,000 and furnish other relief to settle a pregnancy and disability discrimination law...

Posted: Feb 24, 2026

QBE Asia names Chubb’s Carles Tondo as Head of Property, Asia

Reinsurance News

QBE Asia has announced the appointment of Carles Tondo as Head of Property for Asia, effective immediately. Tondo will assume responsibility for the property portfolio from Brendan Dunlea, Regional Head of Construction and Engineering at QBE Asia,...

Posted: Feb 24, 2026

Trump Family’s Crypto Venture Says It Faced ‘Coordinated Attack’

Insurance Journal

World Liberty Financial, the digital-asset venture backed by the Trump family, said that it defeated an unspecified “coordinated attack” against its flagship cryptocurrency product. USD1, the dollar-pegged stablecoin issued by World Liber...

Posted: Feb 24, 2026

US Supreme Court to Hear Bid by Oil Companies to Toss Climate Suits

Insurance Journal

The U.S. Supreme Court has agreed to hear a bid by ExxonMobil and Suncor Energy to scuttle a lawsuit brought by officials in Boulder, Colorado that seeks to hold the oil companies liable for helping fuel climate change in a …

Posted: Feb 24, 2026

Court Sharpens Causation Standard in All-Risk Policies in NC Church Mutual Case

Insurance Journal

In all-risk policies, an excluded cause of damage must be the sole cause of damage for the exclusion to apply, a federal appeals court decided last week in an opinion that clarifies North Carolina law but could make some claims …

Posted: Feb 24, 2026

Amica Insurance Ad Campaign Features Celtics Star Tatum’s Comeback From Injury

Insurance Journal

Amica Insurance is using the comeback journey of Boston Celtics basketball star Jayson Tatum in its new advertising campaign. The campaign traces Tatum’s recovery from his injury last May. The campaign is titled “Back to Zero” — nam...

Posted: Feb 24, 2026

Push to Tax California Billionaires Causing Political Stir

Insurance Journal

As national Democrats search for a unifying theme ahead of the fall’s midterm elections, a California proposal to levy a hefty tax on billionaires is turning some of the party’s leading figures into adversaries just when Democrats can lea...

Posted: Feb 24, 2026

Viewpoint: Claims Handling Breakdowns From LA Wildfires One Year on

Insurance Journal

It’s been more than a year since the Palisades and Eaton Fires in Los Angeles, and attorneys who work in first‑party property claims are still seeing a steady rise in disputes. That trend isn’t slowing down anytime soon—these claims will...

Posted: Feb 24, 2026

AEGIS London appoints Neil Bayles Chief Information Officer

Reinsurance News

Lloyd’s syndicate AEGIS London has announced the appointment of Neil Bayles as its Chief Information Officer (CIO), a newly created position. In his new role, Bayles will be responsible for developing and implementing the firm’s IT strategy,...

Posted: Feb 24, 2026

Wisconsin Lawmakers Passe Expanded Medicaid for Moms

Insurance Journal

Women in Wisconsin will soon be eligible to receive expanded Medicaid coverage for up to a year after giving birth following near-unanimous passage of a measure last week by the Wisconsin Assembly that would leave Arkansas as the only state …

Posted: Feb 24, 2026

Wisconsin Lawmakers Pass Expanded Medicaid for Moms

Insurance Journal

Women in Wisconsin will soon be eligible to receive expanded Medicaid coverage for up to a year after giving birth following near-unanimous passage of a measure last week by the Wisconsin Assembly that would leave Arkansas as the only state …

Posted: Feb 24, 2026

Insurer Ducks Claims by Models Over Strip Clubs’ Use of Their Images Without Consent

Insurance Journal

Twenty professional models who sued three Massachusetts-based strip clubs alleging that the clubs used their images in commercial advertisements without their consent and without paying them have been denied their bid to collect from one of the clubs...

Posted: Feb 24, 2026

AbbVie Invests $380M to Expand Illinois Manufacturing for Neuroscience, Obesity Meds

Insurance Journal

AbbVie on Monday said it would invest $380 million to build two new active pharmaceutical ingredient manufacturing facilities at its Illinois campus, expanding its domestic production capacity for its neuroscience and obesity medicines. The investmen...

Posted: Feb 24, 2026

South Dakota Lawmakers Considering Bill That Group Says Could Increase Auto Inurance Costs

Insurance Journal

The South Dakota Legislature is considering a bill that would establish a statutory 75% minimum damage threshold for declaring a vehicle a total loss, which insurers say could negatively impact drivers through increased premiums and reduced road safe...

Posted: Feb 24, 2026