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CBPR market shows strong profitability and strategic reinsurance moves: Guy Carpenter

Reinsurance News

Guy Carpenter, a reinsurance and risk advisory firm, reports in its Global Specialties Market Update on the current dynamics shaping the Credit, Bond & Political Risk (CBPR) market. According to Guy Carpenter, the global insurance environment...

Posted: Sep 11, 2025

Crumbling Dam Reveals Risks of Private Hydroelectric Ownership

Carrier Management

Crumbling Dam Reveals Risks of Private Hydroelectric Ownership Amid st...

Posted: Sep 11, 2025

Senator Pushes FTC to Probe Microsoft for ‘Gross Cybersecurity Negligence’

Carrier Management

Senator Pushes FTC to Probe Microsoft for ‘Gross Cybersecurit...

Posted: Sep 11, 2025

US Treasury-Led Watchdog Dismantles Climate Advisory Panels

Insurance Journal

U.S. financial regulators voted on Wednesday to disband two committees charged with monitoring financial risks brought on by climate change, ending a multi-year Biden administration effort to embed climate threats into financial regulations. The Fina...

Posted: Sep 11, 2025

Senator Pushes FTC to Investigate Microsoft for ‘Gross Cybersecurity Negligence’

Insurance Journal

U.S. Democratic Senator Ron Wyden on Wednesday requested the Federal Trade Commission “investigate and hold Microsoft responsible” for its role in a string of high-profile cybersecurity incidents in recent years, saying the company’...

Posted: Sep 11, 2025

Allianz and Jio formalise Indian reinsurance joint venture

Reinsurance News

Allianz Europe B.V. and Jio Financial Services Ltd (JFSL) have formally incorporated their reinsurance joint venture in India, naming the new entity Allianz Jio Reinsurance Ltd (AJRL). The joint venture received its certificate of incorporation fr...

Posted: Sep 11, 2025

AM Best: Six-Month US P/C Underwriting Income Jumps to $11.2B

Insurance Journal

An early look by AM Best at the financial results of the U.S. property/casualty industry revealed insurers recorded an estimated $11.2 billion in net underwriting income in the first half of 2025. Last year after the first six months, the …

Posted: Sep 11, 2025

Accelerant expands risk capital network through partnership with AF Specialty

Reinsurance News

Accelerant, a company that operates a data-driven Risk Exchange for specialty insurance, has established a risk capital partnership with AF Specialty, the specialty programme and delegated underwriting division of Michigan-based AF Group. The arra...

Posted: Sep 11, 2025

When Is Your Home Safe After Wildfire Smoke? LA Researchers Have Some Answers

Insurance Journal

At a church parking lot near Los Angeles, two hazmat-suit-clad workers vacuumed and wiped most of the contents of Elle Schneider’s house. Surrounded by stacked plastic bins of books and clothes, they opened up the drawers of a squat wooden &#82...

Posted: Sep 11, 2025

Syria gets $7.9m payout from drought parametric policy

Reinsurance News

A parametric insurance policy has been triggered to provide relief to nearly 120,000 people in Syria after one of the country’s worst droughts in half a century, through an initiative funded by Humanity Insured as part of a wider public–private pa...

Posted: Sep 11, 2025

Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court

Carrier Management

Agent Has No Duty to Tell Insured of Pending Nonrenewal: Connecticut High Court A Connecticut insurance age...

Posted: Sep 11, 2025

SageSure and Affiliate to Acquire Olympus MGA and Olympus Insurance in Florida

Carrier Management

SageSure and Affiliate to Acquire Olympus MGA and O...

Posted: Sep 11, 2025

Ransomware Attackers ‘More Systematic,’ Claims Become Costlier: Report

Carrier Management

Ransomware Attackers ‘More Systematic,’ Claims Become Costlier: Report A portfolio claims a...

Posted: Sep 11, 2025

Leddy Named New CEO at Tampa-Based Ryze Claims Solutions

Insurance Journal

Tampa-based Ryze Claim Solutions has named Walter Leddy chief executive officer, effective immediately. Leddy previously was CEO of U.S. field services for Davies, an adjusting and insurance services firm. Leddy, who holds a master’s in busines...

Posted: Sep 11, 2025

Gartner outlines “reflexive risk ownership” as the future of organisational risk management

Reinsurance News

According to Gartner, Inc., a research and advisory firm specialising in business and technology insights, risk, audit, and compliance leaders should work toward developing what the company calls “reflexive risk ownership.” This approach describes...

Posted: Sep 11, 2025

Pinnacol’s EverPeak Acquires Method Insurance, a Workers’ Comp MGA

Insurance Journal

Pinnacol Assurance subsidiary EverPeak Insurance has acquired Method Insurance, a workers’ compensation managing general agent based in Nashville. The move is in response to brokers who require a seamless solution for diverse client bases, and...

Posted: Sep 11, 2025

US commercial insurance rate growth eases in Q2’25: WTW

Reinsurance News

According to WTW, an advisory, broking, and solutions company, US commercial insurance rates increased by 3.8% in the second quarter of 2025, continuing a downward trend from the previous quarters (5.3% in Q1 2025 and 5.6% in Q4 2024). These findi...

Posted: Sep 11, 2025

Georgia Judge to Toss Landmark Racketeering Charges Against ‘Cop City’ Protestors

Insurance Journal

ATLANTA (AP) — A Georgia judge on Tuesday said he will toss the racketeering charges against all 61 defendants accused of a yearslong conspiracy to halt the construction of a police and firefighter training facility that critics pejoratively call &#8...

Posted: Sep 11, 2025

HDI Global names Bob van Alphen as Head of Engineering Underwriting

Reinsurance News

HDI Global SE, part of the Talanx Group, has appointed Bob van Alphen to lead one of its two regionally structured Engineering Underwriting teams. He will be based at the company’s headquarters in Hannover and will report to François Périquet, Glo...

Posted: Sep 11, 2025

French Lawmaker Asks Prosecutor to Probe TikTok for ‘Endangering the Lives’ of Users

Insurance Journal

The chairman of a French parliamentary committee investigating TikTok’s psychological effects on minors said on Thursday that he had asked for a criminal probe into TikTok’s possible responsibility for “endangering the lives”...

Posted: Sep 11, 2025

Duffy Acquires Sartori Agency of Massachusetts

Insurance Journal

Duffy Insurance Agencies in Lynn, Massachusetts announced it has acquired the Sartori Insurance, a family-run agency that has served the Lexington, Massachusetts community for more than 50 years. The Sartori team will continue to operate from the age...

Posted: Sep 11, 2025

Reinsurance buyers to benefit as KBW sees rate declines ahead of Jan renewals

Reinsurance News

KBW has revealed that its primary takeaway from the Reinsurance Rendezvous is that, absent very significant near-term losses, property catastrophe reinsurance rates are likely to fall by at least 10% at the January 1, 2026 renewals, leaving the fi...

Posted: Sep 11, 2025

Two High-Profile Personal injury Law Firms Sue… Each Other

Insurance Journal

Insurance folks tired of hearing about personal injury law firms going after those “greedy insurance companies” might want a ringside seat for this one. Two high-profile Boston-area personal injury law firms are going after each other ove...

Posted: Sep 11, 2025

Two High-Profile Personal Injury Law Firms Sue… Each Other

Insurance Journal

Insurance folks tired of hearing about personal injury law firms going after those “greedy insurance companies” might want a ringside seat for this one. Two high-profile Boston-area personal injury law firms are going after each other ove...

Posted: Sep 11, 2025

US private mortgage insurers increase use of reinsurance: AM Best

Reinsurance News

According to AM Best, a credit rating agency and provider of financial data and analysis for the insurance industry, US private mortgage insurers continue to transfer a significant portion of their premiums to reinsurers, with the share going to u...

Posted: Sep 11, 2025

Scientists Link Major Carbon Emitters to Worsening Heat Waves

Insurance Journal

One quarter of more than 200 heat waves that occurred worldwide this century may have been impossible without human-induced global warming. Emissions from the world’s largest fossil fuel and cement companies played a significant role in worseni...

Posted: Sep 11, 2025

Jonathan Prinn named Placement Leader at Marsh Specialty UK

Reinsurance News

Marsh, a firm providing insurance broking and risk management services, has announced that Jonathan Prinn will take on the role of Placement Leader at Marsh Specialty UK, in addition to his current position as Chief Business Officer, effective imm...

Posted: Sep 11, 2025

Markets/Coverages: Howden’s MGA DUAL Launches Cargo Insurance in Europe

Insurance Journal

DUAL Europe, the managing general agent and unit of insurance intermediary Howden, announced the launch of its cargo insurance business, effective from Sept. 1, 2025. This marks a strategic expansion of DUAL Europe’s marine proposition, followi...

Posted: Sep 11, 2025

Pen Underwriting enhances UK SME cyber coverage with six key updates

Reinsurance News

Pen Underwriting, a multi-class, multi-territory managing general agent (MGA), has introduced six significant updates to its UK SME cyber insurance offering, reinforcing its commitment to evolving coverage in line with emerging risks and helping b...

Posted: Sep 11, 2025

How the BIIC Is Advancing Black Leadership in Insurance

Risk & Insurance

The Black Insurance Industry Collective is among the leading forces in channeling more Black professionals into industry leadership roles. The post

Posted: Sep 11, 2025

Sompo boosts Commercial Insurance division with two senior appointments

Reinsurance News

Sompo Japan has strengthened its Commercial Insurance division with two senior appointments: Heiko Thienenkamp as Chief Operating Officer, Commercial Business, and Hiroki Ohashi as Head of Financial Lines. Thienenkamp and Ohashi, who both join Som...

Posted: Sep 11, 2025

Reinsurers could enable $17tn in global value by 2035: PwC

Reinsurance News

PwC, a professional services firm, has released new research titled Reinsurance 2035: Rethinking the Risk Business, presenting its perspective on how the reinsurance sector may develop over the next decade and beyond, with a particular focus on th...

Posted: Sep 11, 2025

Liberty Specialty Markets launches integrated third-party division in UK & MENA

Reinsurance News

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has announced the launch of a single integrated third-party division, bringing together its financial and professional (FinPro) and casualty operations across the UK and MENA...

Posted: Sep 11, 2025

Why Your Tech Stack Matters More Than Ever During CAT Season

Insurance Journal

If you’re an independent insurance agent, you already know what’s around the corner. Late summer and early fall bring peak CAT (catastrophic) event seasons, and they’re no joke. From hurricanes and wildfires to floods and severe sto...

Posted: Sep 11, 2025

Clayden joins Compre as interim global claims director

Reinsurance News

Compre Group, the Bermuda-domiciled international specialty reinsurance group, has appointed Dominic Clayden to the newly created role of interim global claims director. Clayden has held senior roles across the industry, including group chief clai...

Posted: Sep 11, 2025

BPL names Grahame Chilton as Non-Executive Chairman amid PCP investment

Reinsurance News

BPL, an insurance broker focusing on credit and political risk, has named Grahame Chilton (“Chily”) as Non-Executive Chairman. Chily has over 45 years of experience in the insurance industry, including leading roles at Benfield, where he oversaw i...

Posted: Sep 11, 2025

Earnix introduces new AI solutions for insurance at Excelerate 2025

Reinsurance News

At its Excelerate 2025 conference, Earnix presented a new set of AI-based solutions aimed at the insurance sector. These tools are designed to support faster decision-making and more personalised customer interactions, while meeting the requiremen...

Posted: Sep 11, 2025