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Global insured cat losses could reach $90bn in H1’25, second-highest on record: Jefferies

Reinsurance News

Global insured catastrophe losses in H1 2025 could reach as high as $90 billion, according to Jefferies, making it the second-highest first-half total on record. This projected figure sharply exceeds both the $58 billion recorded in H1 2024 and th...

Posted: Jul 14, 2025

Wildfire Destroys a Historic Grand Canyon Lodge and Other Structures

Insurance Journal

A fast-moving wildfire destroyed a historic lodge and dozens of other structures on the Grand Canyon’s North Rim, forcing officials to close access to that area for the season, the park said Sunday. The Grand Canyon Lodge, the only lodging &#82...

Posted: Jul 14, 2025

Wildfire That Destroyed Historic Grand Canyon Lodge Spread After Being Allowed to Burn for Days

Insurance Journal

A wildfire raging along the Grand Canyon’s North Rim that leveled a historic lodge erupted over the weekend after burning for more than a week, raising scrutiny over the National Park Service’s decision not to aggressively attack the fire...

Posted: Jul 14, 2025

Wildfire Destroyed Historic Grand Canyon Lodge After Being Allowed to Burn

Insurance Journal

A wildfire raging along the Grand Canyon’s North Rim that leveled a historic lodge erupted over the weekend after burning for more than a week, raising scrutiny over the National Park Service’s decision not to aggressively attack the fire...

Posted: Jul 14, 2025

Ships Look to Dodge Red Sea Attacks With ‘All-Crew-Muslim’ Messages

Insurance Journal

Commercial ships still sailing through the Red Sea are broadcasting messages about their nationality and even religion on their public tracking systems to avoid being targeted by Yemen’s Houthis after deadly attacks this week by the militia. Th...

Posted: Jul 14, 2025

L&G completes £800m buy-in with Honda Group, UK Pension Scheme

Reinsurance News

UK insurer Legal & General Assurance Society Limited (L&G) has completed a c.£800 million buy-in with the Honda Group, UK Pension Scheme (the Scheme). This secures the retirement benefits of over 1,700 retirees and over 3,000 deferred memb...

Posted: Jul 14, 2025

Nursing Homes Struggle With Trump’s Immigration Crackdown

Insurance Journal

Nursing homes already struggling to recruit staff are now grappling with President Donald Trump’s attack on one of their few reliable sources of workers: immigration. Facilities for older adults and disabled people are reporting the sporadic lo...

Posted: Jul 14, 2025

Gallagher UK names Sarah Lyons Specialty CEO

Reinsurance News

Gallagher UK has announced the appointment of Sarah Lyons as Specialty CEO, a London-based role. In her new role, Lyons will lead 1400 colleagues in the Specialty division, which support large clients across the globe with their insurance and risk...

Posted: Jul 14, 2025

ICEYE launches Flood Rapid Impact to deliver timely, actionable flood intelligence

Reinsurance News

ICEYE, a provider of satellite-based disaster response technologies, has introduced Flood Rapid Impact (FRI) — a new solution designed to provide automated, near-real-time flood data to emergency response teams, energy providers, insurers, and fin...

Posted: Jul 14, 2025

Meta Investors, Zuckerberg Square Off at $8B Trial Over Alleged Privacy Violations

Insurance Journal

Mark Zuckerberg is expected to appear as a star witness in an unusual $8 billion trial that kicks off this week at which the Meta CEO is accused of operating Facebook as an illegal enterprise that allowed users’ data to …

Posted: Jul 14, 2025

BMS appoints Cory Wilson as Director to strengthen Canadian retail division

Reinsurance News

BMS, an independent insurance and reinsurance broker, has strengthened its Canadian Retail division with the appointment of Cory Wilson as Director. Wilson will join the Canadian Retail team and report directly to Dan Reid, Managing Director of BM...

Posted: Jul 14, 2025

Tesla Goes to Trial Over Fatal Autopilot Crash in Florida

Insurance Journal

Tesla Inc. will stand trial over claims that the company is partly to blame for a fatal 2019 crash in Florida that occurred when the Autopilot system in a Model S allegedly failed to detect a parked SUV. Family members …

Posted: Jul 14, 2025

Turkish non-life insurance sector gradually stabilising amid stronger pricing: Fitch

Reinsurance News

Fitch Ratings, a credit rating agency known for its comprehensive financial analysis and market insights, has provided an updated outlook on the Turkish non-life insurance sector. Their latest report highlights a cautious yet optimistic path towar...

Posted: Jul 14, 2025

Fire at Massachusetts Assisted Living Facility Takes 9 Lives, Injures 30

Insurance Journal

Nine people have died in a fire at an assisted living facility in Massachusetts, where people were hanging out of windows screaming for help, authorities said Monday. At least 30 people were injured. Firefighters responded to the Gabriel House assist...

Posted: Jul 14, 2025

90 Patients Safely Relocated Amid North Carolina Health Facility Fire

Insurance Journal

About 90 patients at a North Carolina rehabilitation facility that suffered a structure fire have been safely moved and housed in other facilities, first responders in Burke County reported last night. Crews were dispatched shortly before 1 p.m. to t...

Posted: Jul 14, 2025

Liberty Specialty Markets launches crypto insurance for financial institutions

Reinsurance News

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has launched a new insurance product tailored for financial institutions operating in the cryptocurrency market. The product was developed in response to growing demand from...

Posted: Jul 14, 2025

4 Eastern Kentucky Communities Receive $14.4 Million for Flood Mitigation

Insurance Journal

Kentucky Gov. Andy Beshear announced more than $14.4 million to improve water and wastewater infrastructure in four communities across the eastern part of the state that were hit by historic floods in 2022. The cities of Beattyville in Lee County, &#...

Posted: Jul 14, 2025

UK Hiring Tumbles by Most in Nearly Two Years, KPMG Survey Shows

Insurance Journal

Hiring by UK businesses plunged at the fastest pace in nearly two years, according to a survey that suggested that the fallout from a hike in payroll taxes is showing little sign of letting up. Permanent staff appointments fell by …

Posted: Jul 14, 2025

Miller names Shim as Head of Specialty for newly launched Korean marine team

Reinsurance News

Miller, the independent specialist insurance and reinsurance broker, has launched its Korean marine unit with four senior hires to further build out its operations in the region, and has hired KyungSeop (KS) Shim to lead the team as Head of Specia...

Posted: Jul 14, 2025

CyberCube releases latest version of catastrophe model, PMv6

Reinsurance News

CyberCube, a provider of cyber risk analytics, has announced the launch of Portfolio Manager Version 6 (PMv6), the latest version of its catastrophe modelling platform. This new version has been designed to reflect the cyber insurance market’s evo...

Posted: Jul 14, 2025

Aon names Richard Tan as Chief Commercial Officer, Singapore

Reinsurance News

Global reinsurance and insurance broker Aon has expanded Richard Tan’s role to Chief Commercial Officer, Singapore. In the role, Tan will lead growth across Commercial Risk, Health, and Talent Solutions, while continuing to elevate Aon&#8217...

Posted: Jul 14, 2025

Introducing the 2025 Risk All Stars

Risk & Insurance

Risk All Stars represent the very best in risk management. The post Introducing the 2025 Risk All Stars appeared first on

Posted: Jul 14, 2025

Meet 2025 All Star Tricia Cottman of Greater Orlando Aviation Authority

Risk & Insurance

The Greater Orlando Aviation Authority transformed its risk management approach under the leadership of Tricia Cottman. The post

Posted: Jul 14, 2025

Meet 2025 Risk All Star Barbara Johnson-Bechthold of Clean Energy

Risk & Insurance

Barbara Johnson-Bechthold worked with underwriters to help them understand and support a novel approach to energy generation and distribution. The post

Posted: Jul 14, 2025

Meet 2025 All Star Hillary Jacques of REI

Risk & Insurance

REI’s Hillary Jacques overcame organizational chop to help the business find calmer waters. The post Meet 2025 All Star Hillary Jacques of REI appeared fi...

Posted: Jul 14, 2025

Meet 2025 Risk All Star Melissa Hollingsworth of Los Angeles Unified School District

Risk & Insurance

Building out the capabilities of a vital captive is LAUSD’s Melissa Hollingsworth’s handiwork. The post Meet 2025...

Posted: Jul 14, 2025

Meet 2025 Risk All Star Timothy Adam of ULCS/Asplundh

Risk & Insurance

Timothy Adam transformed a utility contractor's risk profile by addressing safety and cultural issues. The post Meet 2025 Risk All Star Timothy A...

Posted: Jul 14, 2025

WTW appoints Adrian Cousins as Head of London Market Claims

Reinsurance News

Willis, a WTW business, has announced the appointment of Adrian Cousins as Head of London Market Claims. In his new role, Cousins will report to Neil Harrison, Global Head of Claims. He will oversee and implement key elements of Willis’ global cla...

Posted: Jul 14, 2025

Meet 2025 Risk All Star Joselle Bamford of Erickson Senior Living

Risk & Insurance

Strengthening return-to-work and claims management in long-term care helps to protect some of society’s most vulnerable. The post Meet...

Posted: Jul 14, 2025

Meet 2025 Risk All Star David Cassity of Jacuzzi Brands

Risk & Insurance

David Cassity took a no-holds-barred approach to creating better alignment in the management of his company’s P&C risk management and insurance programs. The post

Posted: Jul 14, 2025

Meet 2025 Risk All Star Jill Alfano of Victoria’s Secret

Risk & Insurance

Jill Alfano transformed Victoria’s Secret’s risk management by building a comprehensive claims program from scratch in under four years. The post

Posted: Jul 14, 2025

Meet 2025 Risk All Star Heather Harrison of WESCO Distribution Inc.

Risk & Insurance

WESCO’s Heather Harrison created a massive risk management program from scratch with the help of key vendors. The post Meet 2025 Risk All...

Posted: Jul 14, 2025

Meet 2025 Risk All Star Josh Weisberg of SterlingRisk

Risk & Insurance

An education-focused approach to risk mitigation served this insurance brokerage very well. The post Meet 2025 Risk All Star Josh Weisberg of Ster...

Posted: Jul 14, 2025

HDI Global SE and Descartes Underwriting approved to offer parametric earthquake insurance in Japan

Reinsurance News

HDI Global SE’s Japan branch, part of Germany-based insurer Talanx AG, has been approved by the Japanese Financial Services Agency to introduce a parametric earthquake insurance product to the Japanese market. To create this product, HDI Global wo...

Posted: Jul 14, 2025

Meet 2025 Risk All Star LaVeta Breath of City of Oklahoma City

Risk & Insurance

LaVeta Breath built a comprehensive program to address the mental health needs of first responders. The post Meet 2025 Risk All Star LaV...

Posted: Jul 14, 2025

Meet 2025 Risk All Star Dr. Deeba Siddiqui of Hackensack Meridian Health

Risk & Insurance

Dr. Deeba Siddiqui orchestrated a streamlined approach to safety and risk management that saved millions. The post Meet 2025 Risk Al...

Posted: Jul 14, 2025

Guy Carpenter appoints Hakes as Global Head of Marine, Energy and Technical Lines

Reinsurance News

Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has appointed Richard Hakes as the new Global Head of Marine, Energy and Technical Lines (METL). Hakes, who will also join the Global Specialties Lea...

Posted: Jul 14, 2025

Air India Crash Points to Cockpit Confusion as Fuel Flow Cut Out

Insurance Journal

The Air India jetliner that crashed on June 12 was doomed almost immediately upon taking off, after both engines lost fuel supply and the pilots ran out of time to regain control and avert catastrophe. A preliminary 15-page report filed …

Posted: Jul 14, 2025

Old Republic Surety Goes High-Tech with Pittsburgh Pirates Video Project

Insurance Journal

This post is part of a series sponsored by Old Republic Surety. A major league ballpark can be a feast for the senses, from colorful fan gear to a tasty barbecue sandwich. There’s always plenty of action down on the …

Posted: Jul 14, 2025

US hurricane losses could soar 50% in warming climate, MS Amlin study finds

Reinsurance News

Insured losses from US hurricanes could increase by nearly 50% if global temperatures rise by 2°C, MS Amlin, the Lloyd’s re/insurer, warns in its recently launched peer-reviewed study published in the Journal of Catastrophe Risk and Resilience. Ac...

Posted: Jul 14, 2025

Broussard to serve as a Director on Marsh McLennan’s Board

Reinsurance News

The Board of Directors of Marsh McLennan, a global insurance and reinsurance brokerage firm, has appointed Bruce Broussard as a Director, effective immediately. His appointment brings the total number of directors on the Board to 12. Broussard has...

Posted: Jul 14, 2025