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BHSI launches Program business in Canada led by David Tran

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has launched a Programs business in Canada, which will be led by David Tran. Tran has been appointed Head of Programs, C...

Posted: Aug 06, 2025

Deadly Wildfires Ravage Southwest France as Heat Wave Builds

Insurance Journal

Wildfires ravaged vineyards and farms in southern France, leaving one person dead and forcing residents to flee as flames shut roads and cut power to thousands of homes. About 1,800 firefighters, assisted by aircraft, are working to control the outbr...

Posted: Aug 06, 2025

Update: Deadly Wildfires Ravage Southwest France as Heat Wave Builds

Insurance Journal

France’s biggest wildfire in about two decades ravaged vineyards and farms in southern France, leaving one person dead and forcing residents to flee. About 2,100 firefighters, assisted by aircraft, are working to control the blaze in the southw...

Posted: Aug 06, 2025

From Data Silos to Shared Insights: Transforming AI Risk Management

Risk & Insurance

As AI reshapes the risk landscape, insurers, tech firms, and businesses must break down data silos and collaborate to anticipate emerging threats and build safer, smarter systems. The post

Posted: Aug 06, 2025

How to Fix Behavioral Health Coverage

Insurance Thought Leadership

How to Fix Behavioral Health Coverage Life & Health

Posted: Aug 06, 2025

CatIQ raises 2024 Calgary hailstorm industry loss estimate to CAD 3.29bn

Reinsurance News

CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fifth industry loss estimate for the hailstorm that affected Calgary, Alberta, on 5th August 2024, raising the total to CAD 3.29 bill...

Posted: Aug 06, 2025

Hartford Flood Relief Program Gets $4.7 Million More to Meet Demand

Insurance Journal

Connecticut has approved $4.7 million in new funding for a program that helps homeowners, businesses and tenants in the city of Hartford’s neighborhoods recover from flooding. The Hartford Flood Compensation & Relief Programs (HFCRP) was la...

Posted: Aug 06, 2025

Residents Discover WV Lawmakers Eliminated Local Authority Over Data Centers

Insurance Journal

In late March, Pamela Moe was at her dining room table, skimming the local paper when something caught her eye. A legal notice, by a company she had never heard of, for a facility near the city of Thomas. Curious, …

Posted: Aug 06, 2025

Brilliance in Focus: Public Sector Power Broker Josh Daly

Risk & Insurance

Gallagher’s Josh Daly emphasizes education, data-driven strategies, and trust to manage public sector insurance risks. The post Brilliance in F...

Posted: Aug 06, 2025

We don’t believe it’s a soft market, most classes we write more than adequately priced: Lancashire C...

Reinsurance News

Insurance market conditions remain favourable with most lines of business well priced, and while rates have come down from recent highs, Alex Maloney, CEO of Bermuda-based insurer and reinsurer Lancashire, has said after seven years of aggregate r...

Posted: Aug 06, 2025

Federal Judge Stops FEMA From Diverting Infrastructure, Disaster Mitigation Grants

Insurance Journal

A federal judge has granted the request of 20 states to block the Trump administration’s attempt to terminate a multibillion-dollar grant program meant for states’ infrastructure upgrades and disaster mitigation. U.S. District Judge Richa...

Posted: Aug 06, 2025

Resilience names James C. Riviezzo as Head of NA Distribution & Strategy

Reinsurance News

Resilience, a provider of cyber risk solutions, has appointed James C. Riviezzo as Head of North American Distribution and Strategy. The appointment follows a time of significant growth for Resilience as it continues to expand its enterprise clien...

Posted: Aug 06, 2025

Wildfire Is Now California’s Largest of Year, And Is Threatening 870 Structures

Insurance Journal

A wildfire in California that has become the biggest fire in the state this year, prompting evacuation orders and threatening hundreds of structures, has grown to 83,933 acres. The fire, which started on Aug. 2 and covers San Luis Obispo …

Posted: Aug 06, 2025

California’s Largest Wildfire of 2025 Threatens 870 Structures

Insurance Journal

A wildfire in California that has become the biggest fire in the state this year, prompting evacuation orders and threatening hundreds of structures, has grown to 83,933 acres. The fire, which started on Aug. 2 and covers San Luis Obispo …

Posted: Aug 06, 2025

AI Is Reshaping Work, Agility and Growth in Insurance

Risk & Insurance

Insurance carriers are facing a growing pressure to modernize by re-examining how they work, make decisions, and engage employees. Enter AI. The post

Posted: Aug 06, 2025

Hippo’s revenue increased 31% to $117m in Q2’25

Reinsurance News

Home insurance firm Hippo reported a 31% year over year increase in revenue to $117 million in the second quarter of 2025, driven by growth in gross earned premium and higher premium retention. Gross written premium rose 16% to $299 million, suppo...

Posted: Aug 06, 2025

Global Insured Losses from Natural Disasters Could Top $150B in 2025: Swiss Re Report

Insurance Journal

Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have exceeded $US50 billion, …

Posted: Aug 06, 2025

Global Insured Losses From Natural Disasters Could Top $150B in 2025: Swiss Re Report

Insurance Journal

Global insured losses from natural catastrophes hit US$80 billion in the first half of 2025, which is almost double the 10-year average between 2015 and 2024 and marks the fifth year in succession when H1 losses have exceeded $US50 billion, …

Posted: Aug 06, 2025

Securities Class Action Lawsuits Surge in AI and Crypto Cases, Driving Market Cap Losses to Record H...

Risk & Insurance

First half of 2025 sees artificial intelligence-related filings on pace to far exceed 2024 totals, according to a report from Cornerstone Research and Stanford Law School. The post

Posted: Aug 06, 2025

Talanx’s retail division sells its Argentinian and Uruguayan subsidiaries to BARBUSS

Reinsurance News

The Retail International division of European insurer Talanx Group has sold its Argentinian and Uruguayan entities to BARBUSS, a global holding company providing a range of insurance, claims management and financing solutions. Both entities are no...

Posted: Aug 06, 2025

People Moves: Resilience Hires Riviezzo to Expand Broker Network; NFP Adds Nordeen to Lead C&I Busin...

Insurance Journal

Resilience, headquartered in New York City, named James C. Riviezzo as head of North American distribution and strategy. Riviezzo has over 25 years of industry experience, joining Resilience from At-Bay where he served as head of national broker rela...

Posted: Aug 06, 2025

The Baldwin Group’s total revenue grows to $378.8m in Q2’25

Reinsurance News

The Baldwin Group, an independent insurance distribution firm, has announced its financial results for the second quarter of 2025, reporting total revenue growth of 11% year-over-year despite a net loss of $5.1 million. The company’s total revenue...

Posted: Aug 06, 2025

Nexus Mutual responds to Arcadia Finance exploit, reinforcing commitment to onchain protection

Reinsurance News

Nexus Mutual, a decentralised risk protection platform that provides crypto-native cover, responded swiftly following a smart contract exploit on Arcadia Finance that occurred on July 15, which led to losses of approximately $3.6 million. The expl...

Posted: Aug 06, 2025

American Financial reports net earnings of $174m in Q2’25

Reinsurance News

American Financial Group, Inc. (AFG) reported net earnings of $174 million for the second quarter of 2025, down from $209 million in the same quarter a year earlier. Net earnings included after-tax non-core losses of $5 million, compared to $6 mil...

Posted: Aug 06, 2025

Large spread of price movements at the mid-year, Hiscox Re & ILS portfolio well rated: Group CUO

Reinsurance News

Joanne Musselle, Group Chief Underwriting Officer (CUO) of specialist insurer and reinsurer Hiscox, has explained that although the Hiscox Re & ILS business saw aggregate rates decline 6% in the first half of the year, the firm did see a &#822...

Posted: Aug 06, 2025

Owners of Ship That Crashed Into Baltimore Bridge Sue Vessel’s Builder Hyundai

Insurance Journal

The owners of the cargo ship that crashed into the Francis Scott Key Bridge are suing the company that built the vessel, alleging negligence in the design of a critical switchboard on the ship. Grace Ocean Private and Synergy Marine …

Posted: Aug 06, 2025

Guidewire introduces Niseko to enhance insurance financial and risk insights

Reinsurance News

Guidewire, a provider of software solutions for the insurance industry, has released Niseko, its latest update aimed at offering insurers improved visibility into financial performance and risk exposure. Niseko provides developers with tools desig...

Posted: Aug 06, 2025

Continental Re promotes Moadh Derbali to Head of Underwriting, Facultative

Reinsurance News

Pan-African reinsurer Continental Reinsurance has promoted Moadh Derbali to Head of Underwriting for its Facultative Business. According to the reinsurer, his “extensive experience in claims handling, field expertise as a loss adjuster, and...

Posted: Aug 06, 2025

Heritage posts higher net income in Q2’25 as CoR improves to 72.9%

Reinsurance News

Heritage Insurance has reported Q2 2025 net income of $48 million, up from $18.9 million in the prior year quarter, primarily driven by a reduction in losses and loss adjustment expenses and a reduction in other operating expenses, with an increas...

Posted: Aug 06, 2025

WTW and Klarity partner to enhance life insurance pricing with wearable tech data

Reinsurance News

WTW, an advisory and broking firm, is working with UK-based health data analytics company Klarity to test whether wearable technology can improve how life insurers assess and price individual risk. Current life insurance underwriting methods typic...

Posted: Aug 06, 2025

UIB International sells minority stake in UIB India

Reinsurance News

UIB International Ltd, the holding company for the UIB Group’s global investments, has announced the sale of its minority shareholding in UIB Insurance Brokers (India) Private Ltd (UIB India) to Edme Services Private Ltd, an affiliate of Samara Ca...

Posted: Aug 06, 2025

Corebridge reports 10% APTOI increase in Q2’25 despite net loss

Reinsurance News

Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting an adjusted pre-tax operating income (APTOI) of $942 million despite a net loss of $660 millio...

Posted: Aug 06, 2025

Optio completes acquisition of Luxembourg-based MGA Circles Group

Reinsurance News

Optio Group, a specialty managing general agent (MGA), has completed its acquisition of the Luxembourg-based MGA Circles Group (Circles). The transaction, initially announced in October 2024, reportedly marks Optio’s largest acquisition in Europe...

Posted: Aug 06, 2025

Arrowhead’s Mile High Markets celebrates 40 years serving the rental vehicle industry

Insurance Journal

GREENWOOD VILLAGE, Colo., Aug. 6, 2025 — Mile High Markets, a specialty commercial auto program administered by Arrowhead General Insurance Agency, Inc. and supported by Arrowhead Programs, is marking 40 years of continuous service in the rental vehi...

Posted: Aug 06, 2025

Reliable Transportation Association Launches Lloyd’s Backed Physical Damage Program for Commercial A...

Insurance Journal

New Physical Damage coverage now available in Pennsylvania, Ohio, New Jersey, Illinois, California, and Texas; Georgia, Florida, and additional states to follow. Warminster, PA., August 5, 2025 — Reliable Transportation Association (RTA) is a p...

Posted: Aug 06, 2025

Lancashire sees insurance revenue hit $930.1m in H1’25

Reinsurance News

Lancashire has reported insurance revenue of $930.1 million for the first half of 2025, an increase of $76 million, or 8.9%, compared to the same period in 2024. Of that total, the reinsurance segment contributed $450.6 million, while the insuranc...

Posted: Aug 06, 2025

Howden Re secures full reinsurance license to operate from Dubai International Financial Centre

Reinsurance News

Howden Re, the global reinsurance broking arm of Howden Group, has received a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC), with Julian Samengo-Turner a...

Posted: Aug 06, 2025

Howden Re Granted License to Operate From Dubai International Financial Centre

Insurance Journal

Howden Re, the global reinsurance brokerage arm of Howden Group, announced it has secured a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre, the leading global financial...

Posted: Aug 06, 2025

A Major Infrastructure Upgrade for Antarctica — Backed by Surety

Insurance Journal

This post is part of a series sponsored by Old Republic Surety. Antarctica is one of the most remote and isolated places on Earth. As the coldest and windiest continent on the planet according to the United States Antarctic Program, …

Posted: Aug 06, 2025

Insured losses in 2025 could exceed $150bn following costly H1: Swiss Re

Reinsurance News

The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025, which is almost double the 10-year average and more than half of the firm’s projected full-year figure of $150 billion. Acco...

Posted: Aug 06, 2025

Arthur J. Gallagher & Co. Acquires Australian Broker MACK Insurance Services

Insurance Journal

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a...

Posted: Aug 06, 2025

Rothesay completes £900m buy-in with National Grid

Reinsurance News

Rothesay, a pensions insurance specialist, has completed a £900m buy-in with the National Grid UK Pension Scheme in July 2025, securing the benefits of 7,130 pensioners and their dependents. The transaction brings the total value of the Scheme’s d...

Posted: Aug 06, 2025