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Balavant acquired TIMBY Specialty

coverager

The acquisition expands Balavant’s inland and ocean marine presence and supports its goal of building a modern MGA platform.

Posted: Oct 06, 2025

SiriusPoint announces sale of Arcadian MGA for $139 million

coverager

The deal is expected to close prior to the end of the first quarter of 2026.

Posted: Oct 06, 2025

Abacus acquires AccuQuote

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AccuQuote has helped nearly 350,000 families secure coverage.

Posted: Oct 06, 2025

Insurance Office of America secures investment from Madison Dearborn Partners

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Financial terms of the transaction were not disclosed.

Posted: Oct 06, 2025

Itasca MGA provides aircraft finance insurance to Jeju Air

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Jeju Air is South Korea’s first low-cost carrier.

Posted: Oct 06, 2025

AIG’s Bailey to Retire; New Leadership Structure for NA Commercial Team

Carrier Management

AIG’s Bailey to Retire; New Leadership Structure for NA Commercial Team American International Group announce...

Posted: Oct 06, 2025

IBHS Study Shows Smaller Hail May Be More Damaging to Roofs Than Once Believed

Carrier Management

IBHS Study Shows Smaller Hail May Be More Damaging to Roofs Than Once Believed A study by the Insuranc...

Posted: Oct 06, 2025

Florida Roller Coaster Complaints Prompt Questions About Universal’s Response After Death

Carrier Management

Florida Roller Coaster Complaints Prompt Questions About Universal’s Response After Death Multiple peo...

Posted: Oct 06, 2025

Hedge Funds Targeting Fire Insurance Hit a Wall in California

Carrier Management

Hedge Funds Targeting Fire Insurance Hit a Wall in California Hedge funds speculating on wildfire insurance cl...

Posted: Oct 06, 2025

Study Reveals Nearly Half of Drivers Killed in Crashes Tested Positive for THC

Carrier Management

Study Reveals Nearly Half of Drivers Killed in Crashes Tested Positive...

Posted: Oct 06, 2025

GetInsured to power Oregon’s state-based marketplace

coverager

The move will give Oregon full control over its health insurance exchange operations starting in 2027.

Posted: Oct 06, 2025

California AG Pledges More Lawsuits Against Trump’s Green Rollbacks

Insurance Journal

California Attorney General Rob Bonta said his state would continue to sue the Trump administration’s aggressive deregulatory actions on environmental rules, and was also looking at more lawsuits connected to deception around plastic recycling....

Posted: Oct 06, 2025

HDI Global deploys advanced digital tool to transform nat cat risk analysis

Reinsurance News

HDI Global, a commercial and specialty lines insurer, has announced the roll out of HDI ARGOS 4.0 (Accumulation Risk Geospatial Online System), an advanced digital risk management service for its clients. This NatCat assessment tool, created in re...

Posted: Oct 06, 2025

People Moves: Highstreet Names Stokes Chief Broking Officer

Insurance Journal

Highstreet Insurance Partners, headquartered in Traverse City, Michigan, named Kristen Stokes as its chief broking officer. Stokes is based out of Highstreet’s New York City office. Stokes will serve on Highstreet’s executive leadership t...

Posted: Oct 06, 2025

Hannover Re appoints Hagen as General Manager within P&C Treaty

Reinsurance News

Global reinsurer Hannover Re has announced the appointment of Alexander Hagen as General Manager, taking over the role from Vincent Hermenier, who recently became Managing Director. In his new position, Hagen will be responsible for overseeing Pro...

Posted: Oct 06, 2025

Iowa School District Suing Firm That Vetted Superintendent as Criminal History Emerges

Insurance Journal

Federal authorities said the superintendent of Iowa’s largest school district had a history of criminal charges before his arrest by immigration agents last week, which shocked the community and prompted the school board to sue the consulting c...

Posted: Oct 06, 2025

Supreme Court Rejects Bid to Sue Meta Over Church Shooting

Insurance Journal

The US Supreme Court declined a chance to open social media companies to lawsuits over content recommended by their algorithms, turning away an appeal that accused Meta Platforms Inc.’s Facebook of radicalizing a man who killed nine South Carol...

Posted: Oct 06, 2025

SiriusPoint Sells MGA, Arcadian Risk Capital, for $139M, Forms Long-Term Capacity Deal

Insurance Journal

SiriusPoint Ltd., the Bermuda-based specialty insurer and reinsurer, announced an agreement to sell its 49% equity stake in managing general agent, Arcadian Risk Capital to private equity firm Lee Equity Partners for a total consideration of $139 mil...

Posted: Oct 06, 2025

Cyber insurance should complement, not replace, cybersecurity: FERMA

Reinsurance News

A new Federation of European Risk Management Associations (FERMA) report, produced in partnership with Marsh and Howden, has reinforced the message that cyber insurance should not be seen as a replacement for robust cybersecurity measures, but sho...

Posted: Oct 06, 2025

With Capital Aplenty and Power of AI, Commercial Lines Promises Opportunity: Willis

Insurance Journal

The commercial insurance industry is entering a period of stability and opportunity made possible by an abundance of capital and the power of artificial intelligence (AI), according to a new report from global broker Willis. This promising stage come...

Posted: Oct 06, 2025

Illinois Sues to Block National Guard Deployment to Chicago Area

Insurance Journal

Illinois sued the Trump administration over its plan to deploy National Guard troops to the Chicago area, setting off a fresh legal battle over the president’s authority to use soldiers to respond to protests over his immigration crackdown. The...

Posted: Oct 06, 2025

Verisk promotes Saurabh Khemka to President of Underwriting Solutions

Reinsurance News

Verisk, a provider of data analytics and technology solutions for the insurance, energy, and financial sectors, has named Saurabh Khemka as President of Underwriting Solutions, effective immediately. In his new role, Khemka will oversee all of Ver...

Posted: Oct 06, 2025

Georgia Man Indicted a Year After Arrest for Posing as Insurance Agent

Insurance Journal

More than a year after he was charged, a Georgia businessman known as “Dr. Taxes” has been indicted for posing as an insurance agent and swiping hundreds of thousands of dollars in workers’ compensation premiums. Emmanual Torres-Cru...

Posted: Oct 06, 2025

Chaucer launches new cyber risk management and insurance solution

Reinsurance News

Chaucer Group, a global specialty insurance and reinsurance group, has launched Vanguard, a new cyber risk management and insurance solution designed to protect organisations against an increasingly complex and evolving threat landscape. The offer...

Posted: Oct 06, 2025