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Delaware’s Top Court Slashes $100M+ in Legal Fees in Tesla Director Pay Lawsuit

Carrier Management

Delaware’s Top Court Slashes $100M+ in Legal Fees in Tesla Directo...

Posted: Feb 03, 2026

Allianz Commerical Relocates Chicago Office

Insurance Journal

Allianz Commercial announced it is relocating its Chicago office to a newly designed workspace at 155 North Wacker Drive, located in the city’s Financial District. The new office spans nearly 28,000 square feet and was designed to support the c...

Posted: Feb 03, 2026

Specialty Program Group Launches SPG Transportation

Insurance Journal

Specialty Program Group, a specialty platform headquartered in Chicago, is consolidating its transportation businesses under a single platform: SPG Transportation. Avant Brokerage, Avant Underwriters, BizCHOICE Transportation and MOVER’S CHOICE...

Posted: Feb 03, 2026

Oklahoma McDonald’s Franchisee Settles Sexual Harassment Lawsuit

Insurance Journal

A McDonald’s franchisee in Oklahoma has settled a federal lawsuit alleging a teenage worker was sexually harassed by a male supervisor. Arch Fellow North, LLC, owner and operator of eight McDonald’s restaurants in eastern Oklahoma, will p...

Posted: Feb 03, 2026

Texas Data Centers to Rely on Gas Power Plants

Insurance Journal

Texas’ environmental regulator last week issued the largest air pollution permit in the country to an enormous planned complex of gas power plants and data centers near the oilfields of the Permian Basin, according to an announcement from the p...

Posted: Feb 03, 2026

Minesh Jani to serve as Gallagher Re’s India CEO

Reinsurance News

Global reinsurance broking and advisory firm Gallagher Re has appointed Minesh Jani as the Chief Executive Officer (CEO) of India, effective from June 2026. Jani is a reinsurance industry veteran with over three decades of experience. Most recentl...

Posted: Feb 03, 2026

After Falling 6% in 2025, Average Auto Insurance Cost Will Stabilize in 2026, Says Insurify

Insurance Journal

Consumers of auto insurance in the U.S. received a respite overall from several years of premium increases, but don’t tell that to drivers in some states and don’t look for it to continue. According to online insurance agent Insurify, the...

Posted: Feb 03, 2026

Artificial Labs secures $45m Series B to fuel global growth

Reinsurance News

Artificial Labs, a provider of digital broking and underwriting technology for the specialty and commercial insurance markets, has successfully closed a $45 million Series B funding round. The capital injection marks a major milestone for Artifici...

Posted: Feb 03, 2026

Wildfire Insurance Needs Physics-Based Risk Assessment, Not Just Ignition Probability

Risk & Insurance

The 2025 Los Angeles fires revealed that catastrophic losses aren't determined by ignition probability alone, but by whether a fire can scale into a resource-overwhelming event: Delos. The post

Posted: Feb 03, 2026

WTW ‘very happy’ with Willis Re’s participation at Jan renewals and trajectory of build-out: Krasner...

Reinsurance News

Andrew Krasner, Chief Financial Officer (CFO) and Co-head of Corporate Development at global insurance broker WTW, revealed today that the firm is happy with Willis Re’s participation at the recent January 2026 renewals. After completing the...

Posted: Feb 03, 2026

Howden enters Fiji with its newest office in Suva

Reinsurance News

Global insurance and reinsurance broker Howden has expanded its footprint to Fiji with the establishment of its newest office in Suva. The strategic expansion aligns with Howden’s long-term plan to provide innovative insurance and risk solutions t...

Posted: Feb 03, 2026

Federal Push to Reclassify Cannabis Could Transform Insurance Market for Industry

Risk & Insurance

Reclassifying marijuana could reshape how insurers approach cannabis-related businesses, AM Best says. The post Federa...

Posted: Feb 03, 2026

Munich Re Launches Pandemic Consortium via Lloyd’s Market

Carrier Management

Munich Re Launches Pandemic Consortium via Lloyd’s Market Munich Re...

Posted: Feb 03, 2026

Zurich launches AI apprenticeship to upskill workforce

coverager

Participants will be given time to complete the programme alongside their day jobs.

Posted: Feb 03, 2026

Insurance Investment Management in the Spotlight

Risk & Insurance

A new insurance designation aims to broaden the knowledge base of insurance investment managers. The post Insurance Investment Management in the Spotli...

Posted: Feb 03, 2026

Florida Cold Damages Citrus Crop, Strains Power Supplies

Insurance Journal

Florida endured another day of bitter cold that damaged the state’s citrus crop and prompted a local utility to ask residents to reduce electricity use. Freeze warnings and cold weather advisories cover a large portion of the state, the Nationa...

Posted: Feb 03, 2026

Xceedance appoints Gavin Lillywhite as SVP, Business Development

Reinsurance News

Xceedance, a global provider of technology-driven business solutions for the insurance industry, has announced the appointment of Gavin Lillywhite as Senior Vice President (SVP), Business Development, covering the UK and continental European marke...

Posted: Feb 03, 2026

KCC: Winter Storm Fern to Cause $6.7M in Insured Losses

Insurance Journal

The late January winter storm will caused insured losses of $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes privately i...

Posted: Feb 03, 2026

Winter Storm Fern to Cause Up to $6.7M in Insured Losses

Insurance Journal

The late January winter storm will cause insured losses of up to $6.7 billion, making it one of the costliest winter storms since 1950. The estimate comes from catastrophe modeler KCC, headed by modeling pioneer Karen Clark. The tally includes &#8230...

Posted: Feb 03, 2026

Tailored insight and analytics-driven decision-making key for firms in 2026: Aon

Reinsurance News

While 2025 concluded as a “broadly supportive” year for insurance buyers, Aon has suggested that market conditions are becoming increasingly differentiated across product lines and geographies, underscoring the growing need for tailored insight an...

Posted: Feb 03, 2026

Court Blocks Trump Halt on Last of 5 Suspended Offshore Wind Projects

Insurance Journal

All five offshore wind projects halted by the Trump administration in December can resume construction following a federal judge’s ruling on Monday that cleared Denmark’s Orsted to proceed with its Sunrise Wind project off the coast of Ne...

Posted: Feb 03, 2026

Gallagher Re names Fabrice Jerlin as Chairman for Middle East & Africa

Reinsurance News

Global reinsurance broker Gallagher Re has appointed Fabrice Jerlin as its new Chairman for the Middle East and Africa. Jerlin brings over three decades of reinsurance industry experience to this role. He joins Gallagher Re after spending most of...

Posted: Feb 03, 2026

Homeowners Underestimate Flood Risk Despite Growing Awareness, Survey Finds

Risk & Insurance

Chubb survey reveals most high-net-worth property owners recognize flooding has intensified, yet 62% without coverage cite low personal risk. The post

Posted: Feb 03, 2026

Palomar completes acquisition of Gray Surety

Reinsurance News

Specialty property insurer Palomar Holdings, Inc. has completed the acquisition of The Gray Casualty & Surety Company (Gray Surety), a national surety carrier, and has also successfully closed new unsecured financing. The acquisition was initi...

Posted: Feb 03, 2026

AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to Avoid Coverage

Carrier Management

AIG, Chubb Can’t Use ‘Bump-Up’ Provision in D&O Policy to...

Posted: Feb 03, 2026

TMK grows cyber reinsurance solutions team with new hire

Reinsurance News

Ben Sitki joins specialist insurer Tokio Marine Kiln (TMK) as an Underwriter within its Cyber Reinsurance Solutions team. Bringing nearly two decades of re/insurance experience to his new position, joining TMK from Guy Carpenter, where he most rec...

Posted: Feb 03, 2026

WTW posts 6% organic revenue growth for Q4’25

Reinsurance News

Global re/insurance broker WTW saw a slight decrease in revenue for the fourth quarter and full year 2025 when compared to the prior year, driven by the sale of TRANZACT, but on an organic basis, revenue increased for both periods. For the fourth...

Posted: Feb 03, 2026

Markets/Coverages: Munich Re Launches Pandemic Consortium via Lloyd’s Market

Insurance Journal

Munich Re Specialty – Global Markets, Syndicate announced the launch of The Pandemic Consortium, a Lloyd’s market initiative which will be focused on offering parametrically triggered catastrophic communicable disease insurance. The consortium...

Posted: Feb 03, 2026

Hamilton promotes Moussa Thiam to Group Head of Compliance

Reinsurance News

Hamilton Insurance Group, Ltd., an international specialty insurance and reinsurance group, has announced the promotion of Moussa Thiam to Group Head of Compliance. In this role, Thiam will lead and coordinate compliance activities across Hamilton...

Posted: Feb 03, 2026

KCC estimates insured loss from Winter Storm Fern at $6.7bn

Reinsurance News

Catastrophe risk modelling firm Karen Clark and Company (KCC) has estimated that the privately insured loss from Winter Storm Fern, which brought snow and ice to more than 30 states, will be $6.7 billion. The estimate, which is based on the high-r...

Posted: Feb 03, 2026

The $3 Trillion AI Data Center Build-Out Becomes All-Consuming For Debt Markets

Insurance Journal

More than $3 trillion. That’s the ­staggering price tag to build the data centers needed to prepare for the artificial intelligence boom. Not even the world’s biggest technology companies—not Amazon.com, not Microsoft or Meta Platforms—ar...

Posted: Feb 03, 2026

Markel hires Michelle Sipple to lead inland marine underwriting strategy

Reinsurance News

Michelle Sipple has joined global insurer Markel’s Property and Marine product leadership team as Managing Director, Inland Marine. Sipple brings more than three decades of inland marine and builders risk underwriting experience to Markel, a...

Posted: Feb 03, 2026

Canopius appoints Jasan Fitzpatrick as General Counsel

Reinsurance News

Canopius Group, a global specialty and property and casualty re/insurer, has appointed Jasan Fitzpatrick as General Counsel, effective April 1st, 2026. In this newly created role, Fitzpatrick will report to Neil Robertson, Group Chief Executive Of...

Posted: Feb 03, 2026

Russian Captain Found Guilty Over Crew Member’s Death in US Tanker Crash

Insurance Journal

The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Britain in March last year was found guilty in a London court on Monday of causing the death of a crew member …

Posted: Feb 03, 2026

Munich Re launches pandemic consortium with parametric focus at Lloyd’s

Reinsurance News

Munich Re Specialty – Global Markets, Syndicate, managing agent of Syndicate 457 at the Lloyd’s insurance and reinsurance marketplace, has established The Pandemic Consortium, designed to offer parametric catastrophic communicable disease in...

Posted: Feb 03, 2026

EU Body’s Advice on Toxin Limit in Baby Formula Prompts More Recalls

Insurance Journal

The European food safety body on Monday advised a maximum threshold for the cereulide toxin used in infant formula, prompting some French producers to withdraw additional products from the market. Cereulide, a toxin that can cause nausea and vomiting...

Posted: Feb 03, 2026

Leading Indian life insurer to implement Aon’s modelling platform PathWise

Reinsurance News

CICI Prudential Life Insurance Company Limited, one of India’s leading private life insurers, has agreed to a strategic collaboration to implement PathWise, Aon’s high-performance modelling platform, across its actuarial modelling landscape. The i...

Posted: Feb 03, 2026