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How a French Philosopher Predicted the ‘Polycrisis’

Insurance Thought Leadership

How a French Philosopher Predicted the ‘Polycrisis’ Predict & Prevent

Posted: Jul 28, 2025

Mosaic launches new coverage for digital asset sector

coverager

The launch is underpinned by Mosaic’s first strategic partnership in the sector with Native, a specialist broker in digital assets.

Posted: Jul 28, 2025

QBE Europe partners with Matrix iQ

coverager

The platform is already being rolled out to select QBE customers, with broader availability planned in the coming months.

Posted: Jul 28, 2025

Applied Underwriters launches Innovation Risk

coverager

The MGA will offer coverage in the US and EU.

Posted: Jul 28, 2025

Cover Whale raises $40 million

coverager

Morgan Stanley Expansion Capital first invested in Cover Whale in May 2024 with a structured debt instrument.

Posted: Jul 28, 2025

iA Financial to acquire RF Capital Group

coverager

The company offers several tools to help individuals and businesses identify and mitigate cyber risks.

Posted: Jul 28, 2025

Volante Global Taps Smith From Guy Carpenter as Group CEO, Succeeding Reith

Insurance Journal

Volante Global, a multi-class, multi-territory international Lloyd’s syndicate and managing general agent (MGA) owned by leading global fintech Acrisure, announced the appointment of Demian Smith to the role of chief executive officer, Volante...

Posted: Jul 28, 2025

Polish Insurer PZU Eyes Seed Funding Role for Big Polish Projects

Insurance Journal

Polish insurer PZU SA envisages playing a key role in attracting financing for the country’s big-ticket energy and infrastructure projects after it completes a merger with Bank Pekao SA. Chief Executive Officer Andrzej Klesyk said he wants to c...

Posted: Jul 28, 2025

UK Hybrid Fronting Insurer Bridgehaven to Acquire Dublin Insurer SureStone

Insurance Journal

Bridgehaven Europe Holdings Ltd., the UK hybrid fronting insurer in commercial and specialty lines, has entered into an agreement to acquire the Dublin-based insurer, SureStone Insurance DAC. The deal, for an undisclosed fee, is subject to regulatory...

Posted: Jul 28, 2025

Solvency II: Insurance Europe calls for smarter capital rules to boost EU investment and growth

Reinsurance News

Insurance Europe—the federation representing the European insurance and reinsurance industry—has welcomed the European Commission’s launch of its consultation on the Level 2 technical details of the Solvency II review. This consultation provides a...

Posted: Jul 28, 2025

Michigan Mobile Parks Remain Behind on Safe Drinking Water

Insurance Journal

After the Flint water crisis, Michigan became a national leader on safe drinking water, requiring the removal of lead pipes and the reduction of harmful “forever chemicals” years before the federal government acted. But the state has a bl...

Posted: Jul 28, 2025

New York Court Blocks Suit Against Social Media Giants Over Buffalo Racial Massacre

Insurance Journal

Social media companies cannot be sued for their alleged roles in a racially-motivated mass shooting at a grocery store in Buffalo in 2022, according to a New York court that said to allow the lawsuit would “result in the end …

Posted: Jul 28, 2025

Ohio Company to Pay $326K for Allegedly Selling Unregistered Pesticides

Insurance Journal

The U.S. Environmental Protection Agency (EPA) announced last week a settlement with Tranzonic Cos., known as Hospeco Brands Group, in Cleveland, Ohio, for allegedly selling unregistered pesticide products and a product with incorrect pesticidal clai...

Posted: Jul 28, 2025

Berkshire (BHSI) promotes two senior leaders in Dubai

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Aisling Malone as Deputy Senior Executive Officer and Head of Customer & Broker Engagement, and Joe Saa...

Posted: Jul 28, 2025

Arkansas to Receiving $1M in Funding for April Storm Cleanup and Recovery

Insurance Journal

The U.S. Department of Labor announced last week the award of $1 million in grant funding to Arkansas for cleanup and recovery activities after severe storms caused extensive damage and flooding in April. Between April 2-22, 2025, a strong weather &#...

Posted: Jul 28, 2025

Florida Regulators Say They Need More Authority to Rein in Slide’s Exec Pay

Insurance Journal

Florida’s insurance regulators expressed concern about recent news that Slide Insurance executives took home millions in compensation last year, suggesting that state agencies need new authority to limit pay packages. “It’s super co...

Posted: Jul 28, 2025

Texas Cotton Industry Struggles as Synthetic Fibers Go Mainstream

Insurance Journal

For decades, the cotton industry has long been considered king in the Texas agriculture world. However, a shift has left it standing on shaky ground. In the last few years — as cotton producers struggled with low market prices, high …

Posted: Jul 28, 2025

Applied Underwriters launches Innovation Risk MGA platform

Reinsurance News

Applied Underwriters, a provider of insurance solutions, has announced the launch of Innovation Risk, a new managing general agent (MGA) platform focused on casualty, accident, and life underwriting operations. This new independently operated MGA...

Posted: Jul 28, 2025

Cyber Reinsurance Market Sees Capacity Surge, Even As U.S. Premium Volume Declines

Risk & Insurance

New entrants add $250 million in additional capacity while direct premiums drop to $7.1 billion amid softening conditions, Lockton Re reports. The post

Posted: Jul 28, 2025

Judge Sanctions Lawyers Defending Alabama’s Prisons For Citing Fake Cases from AI

Insurance Journal

A federal judge reprimanded lawyers with a high-priced firm defending Alabama’s prison system for using ChatGPT to write court filings with “completely made up” case citations. U.S. District Judge Anna Manasco publicly reprimanded t...

Posted: Jul 28, 2025

Judge Sanctions Lawyers Defending Alabama’s Prisons For Citing Fake Cases From AI

Insurance Journal

A federal judge reprimanded lawyers with a high-priced firm defending Alabama’s prison system for using ChatGPT to write court filings with “completely made up” case citations. U.S. District Judge Anna Manasco publicly reprimanded t...

Posted: Jul 28, 2025

AXA XL appoints Sylvain Bouteillé as CUO for Specialty Americas

Reinsurance News

AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Sylvain Bouteillé as Chief Underwriting Officer (CUO) for Specialty Americas. Based in New York, Bouteillé will report...

Posted: Jul 28, 2025

Ga. Funeral Home Sent Parents Their Deceased Son’s Brain by Mistake, Lawsuit Says

Insurance Journal

Two funeral homes allegedly gave grieving parents their deceased son’s brain in a box, which began to smell, leaked into their car and got on the father’s hands when he moved it, according to an updated lawsuit filed this week. …

Posted: Jul 28, 2025

Southwest Crew Members Injured After Jet Makes Evasive Move Over California

Insurance Journal

Two flight attendants on a Southwest Airlines Co. jet were injured Friday after the pilot had to maneuver sharply in response to alerts that another aircraft was in the vicinity. About six minutes after takeoff, Southwest Airlines flight 1496 dropped...

Posted: Jul 28, 2025

Malawi receives over $3.3m insurance payout from ARC, addressing drought impacts

Reinsurance News

The Government of the Republic of Malawi has received a total insurance payout of USD $3,376,783 from the African Risk Capacity (ARC) Group, a specialised agency of the African Union that helps member states manage the risks associated with extrem...

Posted: Jul 28, 2025

Construction Projects Facing Delays Under Threat of ICE

Insurance Journal

Under a broiling Alabama sky a frustrated Robby Robertson, a construction site superintendent, surveys an 84,000 square foot, mostly built recreation center close to the Gulf coast port city of Mobile. The site is eerily quiet. Last month, the $20 &#...

Posted: Jul 28, 2025

Dubai’s DIFC record growth strengthened by insurance-related firms

Reinsurance News

The Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA), has announced its best-ever performance for the first half of a year, with the insurance sector taking a prominent lead...

Posted: Jul 28, 2025

Jeju Air Jet Still Had Working Engine When it Crashed: Investigation Update

Insurance Journal

A Jeju Air plane that crashed in December during an emergency landing after a bird strike could have kept flying on the damaged engine that was still working after pilots shut down the other one, according to an update from …

Posted: Jul 28, 2025

Coalition adds Holder and Mullett to support regional brokers in the UK

Reinsurance News

Coalition, an active insurer focused on preventing digital risks, has appointed James Holder as a Senior Business Development Manager based in the border of South Wales/England, and Sam Mullett as a Production Underwriter based in Birmingham. Coal...

Posted: Jul 28, 2025

Barents Reinsurance settles with PRA over £1.8m post-Brexit compliance fine

Reinsurance News

Barents Reinsurance S.A. (Barents) has acknowledged the Final Notice issued by the Prudential Regulation Authority (PRA) regarding breaches related to post-Brexit compliance in its London Branch (now in supervised run-off) between July 2021 and Oc...

Posted: Jul 28, 2025

Aon names Eric Seyfried as MD within Cyber Solutions group

Reinsurance News

Global insurance and reinsurance broker Aon has announced the appointment of Eric Seyfried as Managing Director (MD) within its Cyber Solutions group. Based in New York City, Seyfried will report to Brent Rieth, Global Cyber Leader at Aon. He will...

Posted: Jul 28, 2025

Markets/Coverages: QBE and Matrix iQ Partner to Provide UK Fleet Risk Mgmt Solutions

Insurance Journal

QBE, the business insurer, has announced a strategic partnership with Matrix iQ, a leading provider of connected vehicle and behavioral data solutions. Through this partnership, QBE customers will be able to access Matrix iQ’s technology-agnost...

Posted: Jul 28, 2025

Consilium expands Global Cedant Fac offering with new Singapore office to be led by Drysdale

Reinsurance News

Consilium, the global specialty re/insurance broking business of the Aventum Group, has expanded its Cedant Facultative Risk Solutions team with the launch of a new Singapore office, subject to regulatory approval. The Singapore office’s dev...

Posted: Jul 28, 2025

European reinsurance pricing softens, but market discipline holds firm, says Autonomous

Reinsurance News

Autonomous, an independent research firm known for in-depth financial analysis across re/insurance sectors, has provided a detailed update on the state of the European reinsurance market following the completion of the key 1 July renewal period. T...

Posted: Jul 28, 2025

Reinsurance pricing softens, but market discipline holds firm, says Autonomous

Reinsurance News

Autonomous, an independent research firm known for in-depth financial analysis across re/insurance sectors, has provided a detailed update on the state of the European reinsurance market following the completion of the key 1 July renewal period. T...

Posted: Jul 28, 2025

Chaitali Roy to lead MNK Group Holdings’ risk and regulatory initiatives

Reinsurance News

MNK Group Holdings, a global independent insurance and reinsurance conglomerate, has announced the appointment of Chaitali Roy as Group Executive Managing Director – Risk and Regulation. She will also join the Group Executive Board and report dire...

Posted: Jul 28, 2025

Bridgehaven expands into European MGA market with SureStone acquisition

Reinsurance News

Bridgehaven Europe Holdings Limited (Bridgehaven), a UK-based hybrid insurer focused on commercial and specialty lines, has entered into an agreement to acquire SureStone Insurance DAC (SureStone), a Dublin-based insurer, for an undisclosed fee. S...

Posted: Jul 28, 2025

SMABTP and MACSF to acquire 100% of Arundo Re’s capital

Reinsurance News

A consortium formed by the SMABTP and MACSF groups has finalised an agreement to acquire 100% of the capital of Arundo Re (formerly CCR Re). This transaction marks the full exit of Caisse Centrale de Réassurance (CCR) from the capital of France&#8...

Posted: Jul 28, 2025

Europe Inc Swerves Trump Trade War ‘Hurricane’ but Laments Higher Tariffs

Insurance Journal

European companies were left wondering on Monday whether to cheer a hard-won U.S. trade deal or lament a still sharp jump in tariffs versus those in place before President Donald Trump’s second term. A day earlier, European leaders heralded a &...

Posted: Jul 28, 2025

Volante Global appoints Demian Smith as new Group CEO

Reinsurance News

Volante Global, an international Managing General Agent (MGA) and Lloyd’s Syndicate owned by global fintech Acrisure, has appointed Demian Smith as its new Chief Executive Officer (CEO), subject to current contractual obligations and regulatory ap...

Posted: Jul 28, 2025

PERILS lifts industry loss estimate for windstorm Éowyn to €747m

Reinsurance News

Zurich-domiciled catastrophe insurance data provider, PERILS, has upped the industry loss for its third estimate for extratropical windstorm “Éowyn”, also known as “Gilles”, to €747 million from €696 million in April. The third estimate compares t...

Posted: Jul 28, 2025

Eventual raises $7.5m to bring stability to US real estate insurance

Reinsurance News

Eventual, a company focused on improving financial stability for real estate owners, has announced that it has raised $7.5 million in funding and introduced Premium Lock, a product designed to provide long-term predictability for property insuranc...

Posted: Jul 28, 2025

IUA adds Newman to secretariat team, HDI Global SE’s Osborne joins Board

Reinsurance News

The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, has appointed Evie Newman as an Underwriting and Claims Technician. Simultaneously, the IUA has also announced that Antonia Osborne, Director...

Posted: Jul 28, 2025

Some Large Accounts Start Seeing Chubb’s Back as It Focuses on Middle, Small

Carrier Management

Some Large Accounts Start Seeing Chubb’s Back as It Focuses on Middle, Small The global m...

Posted: Jul 28, 2025

Viewpoint: Driverless Cars Are Changing the Future of Claims

Insurance Journal

In the age of a tech-fueled automotive transformation in which vehicle usage is at an all-time high, the public perception of uncertainty around driverless cars remains. As of 2025, only 13% of U.S. Consumers would trust riding in an autonomous &#823...

Posted: Jul 28, 2025

REPAIR programme’s Phase 2 extends to Angola, Burundi, Malawi, Seychelles and Zambia

Reinsurance News

The World Bank has approved the accession of five countries – Angola, Burundi, Malawi, Seychelles, and Zambia – under Phase 2 of the Regional Emergency Preparedness and Access to Inclusive Recovery (REPAIR) programme. This widens the p...

Posted: Jul 28, 2025

Justice Department Prepares Crackdown on Trump Tariff Violators

Insurance Journal

Federal prosecutors are laying the groundwork to criminally charge companies and individuals that try to evade US tariffs as President Donald Trump readies a fresh round of levies next week. American customs officials have long sought to thwart attem...

Posted: Jul 28, 2025

Women’s Dating App Tea Reports 72,000 Images Stolen in Security Breach

Insurance Journal

Tea, an app that lets women anonymously comment and review dates with men, said it has suffered a data breach, with hackers gaining access to 72,000 user images. A Tea spokesperson confirmed the hack to Reuters on Saturday, saying they …

Posted: Jul 28, 2025

Insurer Can’t Sue for Unjust Enrichment by Deceptive Insured, Appeal Court Says

Insurance Journal

A decision by a federal appeals court last week shows what limited options insurance carriers have when they discover major misrepresentation by the insured long after claims have been paid. The U.S. 11th Circuit Court of Appeals last week found &#82...

Posted: Jul 28, 2025