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Insurance Firm Definity Financial Readies C$1 Billion Debt Sale

Insurance Journal

Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter. The senior notes will be sold in …

Posted: Sep 10, 2025

Mark Pepper: Ascot will prioritise client selection and cat retentions in 2026 renewals

Reinsurance News

In a recent Reinsurance News interview at the Monte Carlo Rendez-Vous conference, Mark Pepper, Group Chief Underwriting Officer at Ascot, the specialty re/insurance group, shared his perspective on the upcoming January 1 renewals. As Pepper explai...

Posted: Sep 10, 2025

Aviation insurance market adjusts to rising losses: Guy Carpenter

Reinsurance News

Guy Carpenter, a risk and reinsurance advisory firm, reports in its Global Specialties Market Update that aviation insurance is shifting due to major airline losses and rising smaller-scale claims. In the United States, the general aviation sector...

Posted: Sep 10, 2025

Innovations and evolution main topics for PwC at RVS ‘25

Reinsurance News

At this year’s RVS in Monte Carlo, the conversations have gone beyond the topic of rates and pricing, shifting to the broader evolution of the industry itself, Jim Bichard, Global Insurance Leader at PwC, stated in an interview with Reinsura...

Posted: Sep 10, 2025

JBA Risk Management launches new India crop catastrophe model

Reinsurance News

UK-domiciled flood science specialist JBA Risk Management has launched an updated version of its probabilistic India crop catastrophe model for insurers and reinsurers, incorporating enhanced market data, crops, seasons, and districts to provide b...

Posted: Sep 10, 2025

Santam names Rob Vetch as CEO & CFO of Syndicate 1918

Reinsurance News

South African general insurer Santam has appointed Rob Vetch as Chief Executive Officer (CEO) and Chief Financial Officer (CFO) of Santam Syndicate 1918. The insurer has appointed a senior executive team to help lead Santam Syndicate 1918, followi...

Posted: Sep 10, 2025

Frequent Smaller Events Drive $152 Billion in Annual Catastrophe Losses Globally

Risk & Insurance

Severe thunderstorms and other recurring perils now account for two-thirds of global insured property losses, Verisk reports. The post

Posted: Sep 10, 2025

RAA meets FEMA Review Council to propose reforms for national flood insurance programme

Reinsurance News

In early 2025, President Trump established the FEMA Review Council to propose reforms aimed at improving the nation’s emergency management and disaster response systems. The Reinsurance Association of America (RAA), a trade association representin...

Posted: Sep 10, 2025

Chinese Hackers Impersonated Republican Lawmaker, Panel Says

Insurance Journal

Suspected cyber attackers linked to the Chinese Communist Party impersonated the Republican chair of the House Select Committee on China in a series of attempts to steal sensitive data on trade negotiations, the panel said. Hackers masquerading as Re...

Posted: Sep 10, 2025

Ford Recalls 1.9 Million Vehicles Over Faulty Rear-View Camera

Insurance Journal

Ford F.N is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday. The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigato...

Posted: Sep 10, 2025

Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?

Insurance Journal

In a wide-ranging scheme that prosecutors are calling “insurance farming,” a former manager for one of the larger agricultural operations in Florida is now awaiting a sentencing hearing in December. Christopher Lee, 49, from the Naples ar...

Posted: Sep 10, 2025

Insurance Agent Next After Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme?

Insurance Journal

In a wide-ranging scheme that prosecutors are calling “insurance farming,” a former manager for one of the larger agricultural operations in Florida is now awaiting a sentencing hearing in December. Christopher Lee, 49, from the Naples ar...

Posted: Sep 10, 2025

Alex Jones Takes $1 Billion Sandy Hook Judgment to Supreme Court

Insurance Journal

Right-wing conspiracy theorist Alex Jones is asking the US Supreme Court to review a Connecticut court’s nearly $1.4 billion judgment against him and Infowars stemming from his false claims that the Sandy Hook Elementary School massacre was a h...

Posted: Sep 10, 2025

Ben Webster named Associate Director at The Centre for Disaster Protection

Reinsurance News

The Centre for Disaster Protection, an organisation dedicated to helping countries better prepare for and finance responses to disasters, has announced the appointment of Ben Webster as Associate Director, effective 8 September 2025. Webster joins...

Posted: Sep 10, 2025

Employers Have Used E-Verify for Years. ICE’s Arrest of Maine Officer Raises New Questions

Insurance Journal

The case of a Maine police officer arrested by immigration authorities even though he was vetted by a government system called “E-Verify” has raised questions about what employers can do to make sure they’re employing people who can...

Posted: Sep 10, 2025

E-Verify Has Been Used for Years but ICE Arrest of Maine Officer Raises Questions

Insurance Journal

The case of a Maine police officer arrested by immigration authorities even though he was vetted by a government system called “E-Verify” has raised questions about what employers can do to make sure they’re employing people who can...

Posted: Sep 10, 2025

EU Opens Talks on Carbon Credits to Win Deal on Key Climate Goal

Insurance Journal

European Union nations will discuss potential changes to the role of imported carbon credits in the next decade in a drive for a rapid deal on the bloc’s landmark 2040 climate goal. Denmark, which holds the EU’s rotating presidency, signa...

Posted: Sep 09, 2025

Mexico Seeks to Impose Tariffs on Auto, Manufacturing Imports

Insurance Journal

Mexico’s government will propose a bill to impose import tariffs on some sectors, including automotives and manufacturing, in a bid to address trade imbalances, a top official said on Tuesday. The move would also bring an additional 70 billion...

Posted: Sep 09, 2025

CLARA Analytics Launches Intelligence-as-a-Service for Insurers

IIR

CLARA Analytics has introduced a configurable analytics solution that provides claims executives with benchmarking tools powered by the industry’s largest bodily injury dataset.

Posted: Sep 09, 2025

Origami Risk Launches AI Tool to Streamline Risk Identification

IIR

Origami Risk has introduced an AI-powered solution to help risk managers accelerate development of enterprise risk and compliance initiatives.

Posted: Sep 09, 2025

Capping Insurance Rates Could Reduce Coverage Options and Viable Insurers in Illinois: Triple-I

Insurance Information Institute

For Immediate Release Midwest Press Office, Scott Holeman, 785-760-3777, [email protected]   MALVERN, Pa., Sept. 10, 2025 – Calls in Illinois for legislative intervention in homeowners’ insurance underwriting and price setting, though well-intentioned,...

Posted: Sep 09, 2025

Scaling Securely Without Compromising Resilience

IIR

Insurers can modernize and grow at speed only if resilience and security are embedded in technology, culture, and partnerships.

Posted: Sep 09, 2025

Employers Brace for Highest Health Benefit Cost Increase in 15 Years

Insurance Forums

According to preliminary results from Mercer’s 2025 National Survey of Employer-Sponsored Health Plans, the total … Read more

Posted: Sep 09, 2025

Great Eastern introduces new app feature

coverager

My Protection Explorer is a new feature in its app that lets customers in Singapore assess their financial preparedness for unexpected life events.

Posted: Sep 09, 2025

Producer-to-Carrier Onboarding Doesn’t Have to Suck: 7 Best Practices to Drive Efficiencies in the C...

coverager

Things quickly go from complicated to flat out frustrating when you consider a few of the pain points of traditional producer-to-carrier contracting.

Posted: Sep 09, 2025

Great-West Lifeco announces appointment of Chief Investment Officer

coverager

The company announced the appointment of John Melvin as Chief Investment Officer, effective October 1, 2025.

Posted: Sep 09, 2025

Parento raises $5.9 million

coverager

Parento is a provider of comprehensive paid parental leave insurance.

Posted: Sep 09, 2025

Pathwork raises $3.5 million

coverager

American Family Ventures participated in the round.

Posted: Sep 09, 2025

Goosehead announces expansion of Mark Jones, Jr. as CFO and COO

coverager

In this newly combined role, Mark will now oversee the company’s finance, operations, and strategic go-to-market revenue generating functions.

Posted: Sep 09, 2025

180° Insurance raises $6.4 million

coverager

The startup raised $46 million to date.

Posted: Sep 09, 2025

iA Financial Group appoints Marie-Annick Bonneau as Executive Vice-President and CRO

coverager

Marie-Annick Bonneau has nearly 30 years of experience with iA Financial Group.

Posted: Sep 09, 2025

Applied Systems acquires Cytora

coverager

Method partners with six carriers and over 5,000 agency partners across the country.

Posted: Sep 09, 2025

Santa Monica Weighs Fiscal Distress Vote Amid Sex Abuse Settlements

Insurance Journal

Santa Monica, California officials are voting on whether to adopt a resolution declaring fiscal distress, as mounting sexual abuse settlements have destabilized the city’s finances, echoing strains that have already pushed other local governmen...

Posted: Sep 09, 2025

Former California Insurance Commissioner Carries on Climate Change Crusade

Insurance Journal

When Dave Jones first started talking about climate change and what insurers should be doing about it some 15 years ago, the response could be thought of as something akin to a collective shrug. There wasn’t much to say. Insurance …

Posted: Sep 09, 2025

Exclusive: Applied System Acquires AI-Enabled Risk Digitalization Firm Cytora

Carrier Management

Two Upgrades and a Downgrade: Rating Action...

Posted: Sep 09, 2025

NCCI Offers Labor Market Insights

Carrier Management

NCCI Offers Labor Market Insights NCCI analyzed BLS employment data an...

Posted: Sep 09, 2025

New Texas Laws Ban Youth Cabins in Floodways, Require Camp Safety Plans

Carrier Management

New Texas Laws Ban Youth Cabins in Floodways, Require Camp Safety Plans In the days and weeks fo...

Posted: Sep 09, 2025

Nearly $13T in U.S. Homes Face Severe Climate Risks: Report

Carrier Management

Nearly $13T in U.S. Homes Face Severe Climate Risks: Report A little more than one in four homes in...

Posted: Sep 09, 2025