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India Seeks US Marine Cover for Middle East Energy Cargoes, Source Says

Insurance Journal

India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East, as New Delhi seeks to shield buyers from potential supply disruptions caused by the crisis in the Gulf, a government …

Posted: Mar 05, 2026

Gareth Davies Appointed Executive Vice President, Head of Property at Price Forbes Bermuda

Risk & Insurance

The latest people news in the industry today. The post Gareth Davies Appointed Executive Vice President, Head...

Posted: Mar 05, 2026

Mikki Williams and Doug Schmude Promoted to New Roles at AXA XL Specialty Insurance

Risk & Insurance

The latest people news in the industry today. The post Mikki Williams and Doug Schmude Promoted to New Roles at AXA...

Posted: Mar 05, 2026

Lloyd’s Market Engaging With US Government Over Gulf Maritime Plan, Officials Say

Insurance Journal

The Lloyd’s of London market is engaging with the U.S. government’s International Development Finance Corporation over a plan to provide political risk insurance and guarantees for maritime trade in the Gulf, Lloyd’s market official...

Posted: Mar 05, 2026

Saugata Chatterjee Named Chief Information Officer at Gallagher Bassett

Risk & Insurance

The latest people news in the industry today. The post Saugata Chatterjee Named Chief Information Officer at Gallagher Bassett

Posted: Mar 05, 2026

Oneglobal Broking announces new regional leadership for Colombia & Central America

Reinsurance News

Oneglobal Broking, an international insurance and reinsurance brokerage group providing specialist risk advisory and placement services across global markets, has announced new leadership appointments in Colombia and Central America as part of its...

Posted: Mar 05, 2026

Citizens rates fall as policy count decline drives lower reinsurance demand

Reinsurance News

Rates are continuing to fall at Citizens Property Insurance Corporation, reflecting a shrinking exposure base as policy counts decline and Florida’s property insurance market stabilises. Regulators approved an average 8.8% rate reduction for homeo...

Posted: Mar 05, 2026

BirdsEyeView launches AI Data Scrubbing to streamline hazard modelling

Reinsurance News

BirdsEyeView, a European Space Agency-backed Insurtech specialising in natural catastrophe modelling and exposure management, has launched AI Data Scrubbing, a new capability designed to automate Statement of Values (SOV) data cleaning and geoloca...

Posted: Mar 05, 2026

Liberty Mutual’s net income rises 55% for FY’25 amid lower cat losses

Reinsurance News

Liberty Mutual Holding Company Inc. (LMHC), a global property and casualty insurer, has reported full year 2025 net income growth of 55% to $6.8 billion, compared to $4.4 billion for FY’24, with an improved combined ratio of 88.4% compared to 95.9...

Posted: Mar 05, 2026

Ariel Re appoints Sarah Morgan and Reed Gaglio to property leadership roles

Reinsurance News

Global reinsurer Ariel Re has announced the appointments of Sarah Morgan as Head of Property and Reed Gaglio as Head of E&S Property Reinsurance, both effective 1st April, 2026. Morgan succeeds Mike Cornish, who has held the role at Ariel Re s...

Posted: Mar 05, 2026

Property-cyber blended structures emerge as solution to costly tail risk: Gallagher Re

Reinsurance News

While capacity remains plentiful for standalone cyber reinsurance, tail layers remain expensive due to high capital charges, model uncertainty and systemic risk, prompting a search for more efficient structures, with Gallagher Re arguing that blen...

Posted: Mar 05, 2026

Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo

Insurance Journal

Shipments ranging from fresh produce to airplane parts are in limbo as an escalating Middle East conflict reduces the world’s air cargo capacity by more than one-fifth and pushes up freight rates, with executives bracing for backlogs of goods....

Posted: Mar 05, 2026

Update: Perishables to Plane Parts Stranded as Middle East Conflict Hits Air Cargo

Insurance Journal

Shipments ranging from fresh produce to airplane parts are in limbo as Middle East conflict squeezes cargo capacity and pushes up freight rates. The U.S. and Israeli air war against Iran has grounded passenger and freighter flights across the region,...

Posted: Mar 05, 2026

RGA appoints Logan Blake as President of Bermuda Operations

Reinsurance News

Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer, has announced the appointment of Logan Blake as President of Bermuda Operations. Blake brings more than 20 years of actuarial experience across multiple practice...

Posted: Mar 05, 2026

RGA names Logan Blake as President of Bermuda Operations

Reinsurance News

Reinsurance Group of America, Incorporated (RGA), a global life and health reinsurer, has announced the appointment of Logan Blake as President of Bermuda Operations. Blake brings more than 20 years of actuarial experience across multiple practice...

Posted: Mar 05, 2026

Pool Re finalises renewal of £2.75bn retrocession placement

Reinsurance News

Britain’s government-backed terrorism reinsurer, Pool Re, has completed the placement of its 2026 retrocession placement, securing £2.75 billion of aggregate excess of loss cover, including new cover for non-damage business interruption (NDBI). In...

Posted: Mar 05, 2026

CyberCube flags elevated cyber risk from Iran following US-Israel strikes

Reinsurance News

As tensions rise in the Middle East, CyberCube has issued a call to action for cyber insurance carriers, urging them to use threat-intelligence-informed analytics to assess and manage exposure to potential cyber operations by Iranian threat actors...

Posted: Mar 05, 2026

Lancashire grew reinsurance premiums 8% in 2025

Reinsurance News

Bermuda-based Lancashire Insurance Holdings grew premiums across its reinsurance segment by 8.1% year-on-year to $1.2 billion in the 2025 financial year, with each pillar contributing to growth, as Group profit after tax decreased by 9% to $293.4...

Posted: Mar 05, 2026

Oil Tanker Suffers Explosion in Northern Persian Gulf

Insurance Journal

An oil tanker suffered an explosion off the coast of Iraq, damaging a tank that is losing water, a representative for the ship said. The Sonangol Namibe was approached by a small boat near Khor Al Zubair in Iraq, according …

Posted: Mar 05, 2026

Oil Tanker Suffers Explosion as Risks Spread Wider Into Gulf

Insurance Journal

An oil tanker suffered an explosion off the coast of Iraq which damaged a tank that is losing water, signaling wider risks to shipping in the Persian Gulf beyond the Strait of Hormuz. The Sonangol Namibe was approached by a …

Posted: Mar 05, 2026

AI deployment in early stages, underwriters cautious on data centre opportunity, say analysts

Reinsurance News

At the 2026 Association of Insurance and Financial Analysts (AIFA) conference, Autonomous analysts noted that AI adoption in insurance is still in its early stages, and also highlighted the strong interest in data centres, though underwriters rema...

Posted: Mar 05, 2026

London Marine Insurers Still Offering Middle East Cover as War Risk Rates Rise: Broker

Insurance Journal

Marine insurers in the London market continue to offer cover in the Middle East, despite rising war risk premiums driven by escalating conflict in the Gulf, insurance broker Gallagher’s Marine Divisional Director Angus Blayney said on Wednesday...

Posted: Mar 05, 2026

Travelers Stranded by War Learn Insurance Won’t Cover Flight Cancellations

Insurance Journal

As the war in Iran grounds flights worldwide, hundreds of thousands of travelers scrambling to get home are discovering a harsh reality: their travel insurance won’t cover replacement flights or extended hotel stays. Insurers, including industr...

Posted: Mar 05, 2026

Chubb promotes Richard Bracken to Head of Strategic Partnership Development

Reinsurance News

Large US insurer Chubb has announced the promotion of Richard Bracken to Head of Strategic Partnership Development, APAC, Japan and International Digital, effective 1st March 2026. Bracken’s role has been expanded from his previous position as Reg...

Posted: Mar 05, 2026

Envisioning a Commercial Submissions Process Infused with AI-Powered Tech

coverager

The number of opportunities to leverage AI to transform commercial submissions processes is nearly limitless – with huge potential to deliver smarter processes and better outcomes. While tasks such as...

Posted: Mar 05, 2026

Marsh Says US Tanker-Insurance Plan Could Take a Few Weeks

Insurance Journal

Marsh, the world’s largest insurance broker, said a US plan to insure tankers navigating the Strait of Hormuz energy chokepoint could take a few weeks to arrange. President Donald Trump said on Tuesday the US International Development Finance C...

Posted: Mar 05, 2026

Marsh, Aon in Talks With US on Insuring Tankers in Hormuz

Insurance Journal

Marsh and Aon Plc, two of the world’s largest insurance brokers, are in talks with the US government on a plan to help insure tankers navigating the Strait of Hormuz energy chokepoint. President Donald Trump said on Tuesday the US …

Posted: Mar 05, 2026

AmFam Reports Underwriting Profit, Top-Line Decline for 2025

Insurance Journal

American Family Insurance reported $2 billion more underwriting profit in 2025, compared with 2024—pointing to “deliberate customer-driven strategic actions and a lower level of catastrophe losses to explain the favorable result. The actions me...

Posted: Mar 05, 2026

Ascot introduces “Ascot Guard” global security insurance solution

Reinsurance News

Ascot, a specialty insurance and reinsurance provider, has introduced Ascot Guard, a worldwide security insurance solution created to provide broad protection for organisations and private individuals operating at home, internationally, and in hig...

Posted: Mar 05, 2026

QBE Canada promotes Scott Pidduck to General Manager

Reinsurance News

QBE, an international insurer and reinsurer, has announced the promotion of Scott Pidduck to the newly created role of General Manager for Canada, effective 1st April 2026. The General Manager role replaces the previous role of Director of Canada,...

Posted: Mar 05, 2026

Brokerslink appoints Everywhen as UK employee benefits partner

Reinsurance News

Broking group Brokerslink has reinforced its international footprint by welcoming Southampton-based employee benefits specialist Everywhen as its newest partner in the United Kingdom. This partnership enhances Brokerslink’s employee benefits offer...

Posted: Mar 05, 2026

Bayer’s $7.25B Roundup Settlement Gets Initial OK From Judge

Insurance Journal

A state court judge in Missouri gave an initial green light on Wednesday to a proposed $7.25 billion settlement to resolve thousands of lawsuits claiming Bayer’s Roundup weedkiller causes cancer. Judge Timothy Boyer in St. Louis granted prelimi...

Posted: Mar 05, 2026

How State Farm, USAA Boost Customer Retention: Historic Dividends

Insurance Journal

While competition in personal auto insurance is rising to levels high enough to dent customer retention at GEICO, a giant mutual insurer and a reciprocal exchange have both tapped into a customer-friendly option unavailable to large stock insurers. S...

Posted: Mar 05, 2026

Viewpoint: Business Interruption Insurance Must Catch Up With Climate Volatility

Insurance Journal

In the wake of recent weather events around the world, whether it’s the bomb cyclone that hit the US from the Gulf Coast to New England, or the combination of Storms Ingrid and Chandra battering the south coast of the …

Posted: Mar 05, 2026

Banks on High Alert for Cyberattacks as Iran War Escalates

Insurance Journal

The U.S. financial services industry is on heightened alert for potential cyberattacks amid the unfolding U.S. war in Iran, with firms stepping up monitoring for threats that often rise during periods of geopolitical conflict, said executives and ana...

Posted: Mar 05, 2026

Viewpoint: Alabama Needs Tort Reform, Too, as Litigation Costs Rise

Insurance Journal

Editor’s note: No significant tort-reform legislation is currently making its way through the Alabama Legislature. But at least one state senator is calling for action. Good news continues to roll out of the Sunshine State. Florida Governor Ron...

Posted: Mar 05, 2026