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VIG acquires 80% of Moldasig

coverager

The deal follows VIG’s 2014 entry into Moldova.

Posted: Sep 05, 2025

AXA partners with MOTOGO on typhoon parametric and travel insurance

coverager

The offerings are provided at no cost to eligible MOTOGO members.

Posted: Sep 05, 2025

THE DIFFERENCE IS MINDSET

Rough Notes

Success doesn’t depend exclusively on strategy, resources and talent, but also on thinking bigger [Successful business owners] simply don’t indulge the voice of internal doubt that produces self-limiting behaviors. By Brent Kelly In working with the...

Posted: Sep 05, 2025

Aon appoints Andrew Minnitt as Head of Southeast Asia

Reinsurance News

Aon, a global insurance and reinsurance broking group, has announced the appointment of Andrew Minnitt as Head of Southeast Asia. The newly created role brings together Singapore, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam as a un...

Posted: Sep 05, 2025

Containment Grows on Wildfires That Forced Evacuations, Destroyed Buildings

Insurance Journal

Firefighters are slowly gaining on several wildfires burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The TCU September Lightning Complex fires, which were started by numerous...

Posted: Sep 05, 2025

AI Adoption Accelerates in Insurance Agencies Despite Lingering Skepticism

Risk & Insurance

Liberty Mutual study reveals generational divide as younger agency employees embrace artificial intelligence for work. The post

Posted: Sep 05, 2025

RBC BlueBay Says ESG Is ‘Extremely Important’ for Investors

Insurance Journal

Even after more than three years of Republican-led attacks against environmental, social and governance investing, the strategy is still “extremely important,” according to RBC BlueBay Asset Management. “Focusing on ESG as part of y...

Posted: Sep 05, 2025

AM Best highlights importance of underwriting cycle management for Lloyd’s amid softening market con...

Reinsurance News

AM Best, the credit rating agency, reports that Lloyd’s reinsurance business has seen substantial growth in recent years, with a five-year compound average growth rate of 9 percent. Specialty reinsurance has been the fastest-growing segment, recor...

Posted: Sep 05, 2025

Lloyd’s Reports Combined Ratio of 92.5 on Drop in H1 Underwriting Result

Carrier Management

Lloyd’s Reports Combined Ratio of 92.5 on Drop in H1 Underwriting Result Lloyd's first-half u...

Posted: Sep 05, 2025

Apollo Settles Fight With Ex-Athene Executives Before Trial

Insurance Journal

Apollo Global Management Inc. resolved a lawsuit against two former executives of insurance unit Athene Holding Ltd. just days before the matter was set to go to trial. In a Wednesday filing in New York state court, the private equity …

Posted: Sep 05, 2025

MultiStrat appoints new execs, launches casualty reinsurance partnership

Reinsurance News

MultiStrat has named Nadia Chychrun as Chief of Staff and Group Senior Director of Program Change, and Paul McCabe as Executive Director – Operations (COO), while also entering a definitive agreement to provide underwriting and liability managemen...

Posted: Sep 05, 2025

Publisher Gannett Wins Dismissal of Nearly All of Journalists’ Job Bias Lawsuit

Insurance Journal

Gannett, the largest U.S. newspaper publisher, won the dismissal of most of a lawsuit, including all class action claims, alleging its diversity policies led to widespread discrimination against white journalists. U.S. District Judge Rossie Alston sa...

Posted: Sep 05, 2025

Secondary perils a “big opportunity for the reinsurance market,” says Karen Clark

Reinsurance News

Advancements in risk modelling offer a big opportunity for the reinsurance market to better understand and price secondary perils, the co-founder and CEO of Karen Clark & Company (KCC), Karen Clark, shared in a recent interview with Reinsuranc...

Posted: Sep 05, 2025

People Moves: Judd Joins AXA XL Energy

Insurance Journal

Judd Joins AXA XL Energy Underwriting Team AXA XL, in Stamford, Connecticut, hired Eric Judd as an executive underwriter on its energy underwriting team in the Americas in New York. With more than three decades of experience in the insurance …

Posted: Sep 05, 2025

Flood Re adds Murphy as Independent Non-Exec. Director and Mulry-Lawson as Interim CRO

Reinsurance News

Flood Re, the UK government-backed scheme funded by the insurance industry to improve access to affordable flood insurance, has appointed Michael Murphy as Independent Non-Executive Director and Sue Mulry-Lawson as Interim Chief Risk Officer (CRO)...

Posted: Sep 05, 2025

Trump to Ask Supreme Court to Toss Carroll’s $5 Million Abuse and Defamation Verdict

Insurance Journal

President Donald Trump will soon ask the Supreme Court to throw out a jury’s finding in a civil lawsuit that he sexually abused writer E. Jean Carroll at a Manhattan department store in the mid-1990s and later defamed her, his …

Posted: Sep 05, 2025

Those who innovate & adapt will thrive in evolved reinsurance market: Howden Re

Reinsurance News

Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has suggested that those who combine market insight with technical execution, portfolio diversification and innovative structures will be best placed to succe...

Posted: Sep 05, 2025

Mass. Orders Insurers to Cover State-Backed Vaccines, Even Without CDC Support

Insurance Journal

Massachusetts Governor Maura Healey said Thursday the state had ordered insurers to cover vaccines backed by its health department, even if the U.S. Centers for Disease Control and Prevention issue narrower recommendations. Insurers would no longer r...

Posted: Sep 05, 2025

BHSI adds Anna Spink as Head of Marine, Australasia

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Anna Spink as Head of Marine, Australasia. In her new role, Spink will be based in Sydney and lead the mar...

Posted: Sep 05, 2025

Lloyd’s CEO outlines strategy to boost market relevance and cut costs

Reinsurance News

Lloyd’s Chief Executive Officer Patrick Tiernan has set out his vision for the future of the market, stressing both the need to strengthen Lloyd’s relevance to stakeholders and to reduce the cost of doing business. “We will strive to increase the...

Posted: Sep 05, 2025

BluePond.AI launches Reinsurance CoPilot to automate complex document processing

Reinsurance News

BluePond.AI, a GenAI-native insurtech, has introduced its latest solution, P&C Reinsurance CoPilot, a tool designed to automate the ingestion of complex reinsurance documents and optimise workflow efficiency. Reinsurance contracts are often le...

Posted: Sep 05, 2025

Tackling Evolving Risk Management Challenges by Building Resilience

Risk & Insurance

Marsh's Samar Patni shares insight into public sector and health care brokering. The post Tackling Evolving Risk Management Challeng...

Posted: Sep 05, 2025

Lockton Re names James Stephens as Head of Crisis Management in London office

Reinsurance News

Lockton Re, the reinsurance arm of the privately owned independent insurance broker, has announced the appointment of James Stephens as Head of Crisis Management in its London office. Tom Meyer, Head of Specialty, Lockton Re, added: “We are...

Posted: Sep 05, 2025

Buyers can use favourable reinsurance market to seize strategic advantage: Aon

Reinsurance News

A new report from Aon has hailed the attractive yet dynamic reinsurance market, noting that buyers can seize a strategic advantage amid global reinsurance capital reaching a record $735 billion as of June 30, 2025. According to the firm’s ne...

Posted: Sep 05, 2025

Advice From a Surety Underwriter to the Owner of a Start-Up Construction Company

Insurance Journal

This post is part of a series sponsored by Old Republic Surety. Early in my underwriting career, it wasn’t unusual to meet a company owner who had recently climbed down from a ladder or the seat of a bulldozer to …

Posted: Sep 05, 2025

Tim Barber becomes CEO, London for Price Forbes Re

Reinsurance News

Independent reinsurance broker Price Forbes Re has announced the appointment of Tim Barber as CEO, London, reporting directly to Chris Bonard, president of the company. Barber brings over four decades of industry experience to his new role. As par...

Posted: Sep 05, 2025

People Moves: Alliant Human Capital Names Muller as Vice President

Insurance Journal

Alliant Human Capital, a division of Alliant Insurance Services, announced the appointment of Brian Muller as Vice President. Muller brings more than 15 years of experience in both corporate and consulting HR, with a proven track record of delivering...

Posted: Sep 05, 2025

Apollo receives Lloyd’s approval to establish ReShare Syndicate 1972

Reinsurance News

Apollo, the technology-driven insurance platform, has received “in principle” approval from Lloyd’s Council to establish Apollo ReShare Syndicate 1972, which is expected to commence underwriting on 1st January 2026. The new syndicate will provide...

Posted: Sep 05, 2025

Cultivated Meat Companies Sue Texas Over Its Lab-Grown Meat Ban

Insurance Journal

Two cultivated meat companies have filed a lawsuit against officials in Texas over the law that bans the sales of lab-grown meat in the state for two years. California-based companies UPSIDE Foods, which makes cultivated chicken, and Wildtype, which...

Posted: Sep 05, 2025

Pool Re targets ‘perception gap’ with Treaty reforms to expand terrorism cover

Reinsurance News

Only around 4% of UK SMEs currently buy terrorism insurance, a shortfall Pool Re attributes as much to a “perception gap” as to cost, with many businesses unaware that terrorism risks are excluded from standard policies, prompting a Treaty overhau...

Posted: Sep 05, 2025

Gallagher Re names Max Garratt & Russell Hails as Executive Directors

Reinsurance News

Global reinsurance broker Gallagher Re has announced the appointments of Max Garratt and Russell Hails as Executive Directors for its Australia team. Garratt brings over 20 years of industry experience to his new role. He joins Gallagher Re from L...

Posted: Sep 05, 2025

Minnesota Governor to Call Special Session on Gun Laws After School Shooting

Insurance Journal

Minnesota Gov. Tim Walz plans to call a special legislative session to consider tougher gun laws following a shooting last week at a Catholic school in Minneapolis that left two children dead and 21 people injured. The Democrat told reporters …

Posted: Sep 05, 2025

Tesla Says Its Robotaxi App Now Open to Public Riders

Insurance Journal

Tesla Inc. said it has opened its robotaxi app to the general public, suggesting the company will soon roll out the service beyond a select group of early access users in Austin, Texas. The company’s Tesla Robotaxi account on social …

Posted: Sep 05, 2025

Insured Losses in Texas Exceed $47 Billion in 2024

Insurance Journal

Insured losses exceeded $47.2 billion in Texas last year—a 4.2% increase over 2023, according to a new property and casualty market report from the state’s insurance council. Annual direct losses in Texas have now increased in two consecutive y...

Posted: Sep 05, 2025

Rokstone appoints Allman and Turgeon as Senior Underwriters, NA Inland Marine

Reinsurance News

Rokstone, the international specialty re/insurance managing general agent (MGA) and part of the Aventum Group, has appointed Adrianna Allman and Charles Turgeon as Senior Underwriters in its North American (NA) Inland Marine division. The appointm...

Posted: Sep 05, 2025

Planette’s quantum-inspired forecasting system to improve extreme weather prediction

Reinsurance News

In a move to combat the growing challenges of extreme weather, the U.S. National Aeronautics and Space Administration (NASA) has chosen Planette, a long-range weather prediction technology company, to develop QubitCast, a next-generation forecasti...

Posted: Sep 05, 2025

Blenheim Underwriting adds SCOR Syndicate’s Lawson & Hewlett as property underwriters

Reinsurance News

Blenheim Underwriting, a specialist managing general agent (MGA) and Lloyd’s coverholder, has appointed Phil Lawson and Alex Hewlett as Class Underwriters, effective February 2026. The pair will join the delegated authority team, further strengthe...

Posted: Sep 05, 2025

MENA reinsurance market maintains strong capacity despite heightened challenges, says AM Best

Reinsurance News

AM Best, a credit rating agency and provider of insurance market intelligence, reports that reinsurers operating in the Middle East and North Africa (MENA) are facing a complex and demanding environment. According to AM Best, these market particip...

Posted: Sep 05, 2025

FTC to Review AI Chatbot Risks With Focus on Privacy Harms

Insurance Journal

The US Federal Trade Commission plans to study the harms to children and others of AI-powered chatbots like those offered by OpenAI, Alphabet Inc.’s Google and Meta Platforms Inc., according to people familiar with the matter. The study will fo...

Posted: Sep 05, 2025

People Moves: Everest Promotes Voralia as CUO, Global Reinsurance; BHSI Appoints Spink as Head of Ma...

Insurance Journal

This edition of International People Moves details appointments at Everest Reinsurance and Berkshire Hathaway Specialty Insurance (BHSI). A summary of these new hires follows here. Everest Promotes Voralia as CUO, Global Reinsurance Everest Reinsuran...

Posted: Sep 05, 2025

NY Fed Finds Modest Impact of AI on Jobs Even as Usage Increases

Insurance Journal

Use of artificial intelligence among businesses jumped in the last year and is expected to continue to grow, yet few firms have cut jobs as a result so far, according to a new Federal Reserve Bank of New York study. …

Posted: Sep 05, 2025

Markets/Coverages: AXA XL Launches Portal for Multinational Clients

Insurance Journal

AXA XL has launched a web-based portal for its global clients, providing a centralized platform which allows data insights across multinational solutions portfolios to be viewed and exported in real-time. The portal, which is available via AXA’...

Posted: Sep 05, 2025

Alabama DOI Extends Moratorium on New Captives, Risk Retention Groups

Insurance Journal

Alabama’s insurance commissioner has extended a moratorium on new captive insurance companies and risk retention groups until at least next summer. The bulletin, posted this week, follows the commissioner’s announcement in March that the...

Posted: Sep 05, 2025