Know What's Happening in Insurance
Know What's Happening in Insurance
NY Court Says Post‑Cutoff Acts Don't Void D&O Run‑Off Coverage
A New York federal court held that acts occurring after a D&O run‑off policy’s cut‑off date do not bar coverage unless the acts are unlawful. Judge Jed Rakoff found AmTrust’s 2019 preferred‑share delisting to be a lawful corrective disclosure, so the insurer’s reliance on the subsequent‑acts exclusion failed. The ruling clarifies that a “Wrongful Act” under New York law must involve unlawful conduct.
Clalit Health Services, Israel’s largest HMO, announced it is probing a suspected cyberattack after the Iranian‑linked group Handala claimed to have breached its systems. The hackers released thousands of documents containing patients' personal and medical information on public platforms. Clalit has not confirmed the breach but is conducting an internal investigation. The incident arrives amid heightened geopolitical tensions and growing cyber threats targeting healthcare data.
The Council of Insurance Agents & Brokers (CIAB) reports that commercial property‑casualty premiums in Q4 2025 grew a mere 0.2%, the weakest pace since 2017. Nine lines of business, including cyber and workers’ compensation, posted declines, with directors & officers premiums falling 3.8%...
Independent insurance agencies are rapidly embracing artificial intelligence, with two‑thirds planning to increase usage over the next year. Yet only 13% have a formal AI governance policy, and 55% lack any written guidance. No major carrier has introduced a dedicated...
Private mortgage insurers collectively wrote 12% more new insurance in 2025, driven by a sharp rate‑cut‑induced surge in fourth‑quarter originations. While MGIC remained the top writer for the sixth straight quarter, the sector’s share continues to slip to the FHA...
Resilience’s 2025 Cyber Risk Report reveals a decisive shift from ransomware‑focused disruption to extortion attacks that rely on stolen data. Data‑theft‑only extortion claims rose to 65 % of incidents in the second half of last year, turning cyber incidents into multi‑year...
The CPCU Society’s In2Risk 2026 conference will take place in Las Vegas from October 19‑21, featuring the theme “High Stakes. Smart Strategies.” Organizers are accepting educational session proposals from any professional until March 6, with topics ranging from AI and predictive...
A federal lawsuit filed by families of nine children and counselors alleges Texas health officials licensed Camp Mystic without enforcing the state‑required evacuation plan. The suit targets six Department of State Health Services officials, claiming they knowingly approved a camp...
Fixed income specialist Cohen & Company announced that its European subsidiary raised €481.5 million for the PriDe IV subordinated insurance debt fund, the firm’s largest European vintage to date. The fund continues the company’s strategy of providing Tier II capital to small and...
Britain has placed sanctions on New Zealand‑based Maritime Mutual Insurance Association and its Gibraltar affiliate, accusing them of insuring dark‑fleet tankers that transport Iranian and Russian oil. The measures include an asset freeze and the disqualification of company directors. Maritime...
Santam, South Africa's leading insurer, announced the appointment of a senior Munich Re executive as its new chief executive officer. The move follows a strategic review aimed at accelerating growth and deepening reinsurance capabilities. The new CEO brings extensive global...
Harper, an AI‑native insurance brokerage founded by Y Combinator alumnus Dakotah Rice, announced a $46.8 million Series A and seed round led by Emergence Capital. Launched in 2024, the platform automates underwriting, routing, and document collection, enabling it to process over 1,000 policies...
Charter Space has launched the Charter Interplanetary Risk Corporation (CIRC), a nationally licensed brokerage dedicated to providing insurance for space missions and related commercial risks. Building on its mission‑management software and data‑driven risk analytics, CIRC will place policies ranging from...
AXA XL has promoted Alonso Tello to regional director for single‑parent captives in the Americas. The move follows the January launch of AXA XL’s alternative risk solutions (ARS) team, led by Sylvain Bouteillé. Tello will oversee growth and underwriting of...
In 2026 insurers, MGAs and InsurTechs face a shift from tech experimentation to meeting hyper‑instant, personalized customer expectations. Research shows 80% of policyholders will demand real‑time updates and 75% prefer tailored experiences. Executives highlight the rise of "micro‑engagement," the need...
UK‑based packaging giant Mondi plc has established a single‑parent captive insurance company in Guernsey, completing the launch at the end of 2025. The move follows a growing trend among FTSE 100 companies to use offshore captives for risk retention and capital...
Insurance firms face over $100 billion in annual natural‑disaster losses, prompting a shift toward predict‑and‑prevent technologies. While IoT sensors, fortified building standards, and AI‑driven flood detection are gaining traction, the article highlights a less‑visible opportunity in the cold‑chain supply‑chain. Technova Industries...
AM Best has reaffirmed the financial strength rating of A (excellent) and the long‑term issuer credit rating of a+ (excellent) for PMG Assurance, the Bermuda‑based captive of Sony Group. The ratings carry a stable outlook, underscoring the captive’s robust capital...
Allstate has priced and closed two catastrophe‑bond series, Sanders Re IV Ltd. (2026‑1A) and Sanders Re III Ltd. (2026‑1B), delivering a record $1.2 billion of multi‑peril, multi‑year reinsurance in a single market visit. The issuance comprises four tranches—two four‑year and two...
Hiscox Capital Partners lifted its insurance‑linked securities (ILS) assets under management to $1.5 billion as of 1 January 2026, driven by $330 million of new inflows over the past year. The inflows offset planned capital returns and boosted deployable capital for the January reinsurance...
An AI-generated doomsday scenario was enough to rattle real markets. Shares in Uber, Mastercard and American Express dipped, not because of fundamentals, but because narrative spread faster than verification. When synthetic analysis triggers real capital flows, we’re in a feedback loop with...
In this episode, John Weber talks with Rob Lewis, CEO of Intex Insurance Software, about Chubb’s plan to automate 85% of underwriting and claims functions and cut 20% of its workforce. Lewis explains that legacy core systems have hit a...
In this episode of the InsurTech Leadership Podcast, Curtis Barton, CEO of Alchemy Insurance, explains how his firm has built a scalable brokerage platform through disciplined acquisitions, unified data, and a focus on organic growth. He contrasts Alchemy’s producer‑led, data‑centric...
One year after the Palisades and Eaton wildfires, first‑party property claims are increasingly turning into legal disputes as insurers lag on replacement cost adjustments and customer service. Many carriers initially undervalued rebuild costs in California’s high‑price market, then froze allowances...
Root Inc. reported a record‑setting 2025, with revenue up 29% and net income rising 30% to $40 million, driven by a 1,619% jump in gross written premium and a doubling of policies‑in‑force. The company’s AI‑enhanced pricing lifted average customer lifetime value...
United Fire Group reported a record‑setting 2025 year, delivering $67 million underwriting profit, a 9% rise in net written premium to $1.3 billion, and a combined ratio of 94.8%. Investment income jumped 20% to $98 million, pushing return on equity to 13.7%, the...
Fidelis Insurance Holdings reported its strongest underwriting results to date, posting a 79% combined ratio—its lowest as a public company—and an annualized operating ROAE of 21.4%, up five points year‑over‑year. Gross premiums written rose 8% to $798 million, while the reinsurance...
Amerisafe Inc. reported Q4 2025 earnings with an 11.7% quarterly increase in gross premium written and a 6.7% year‑over‑year rise, driven by strong voluntary premium growth and a 93.7% renewal retention rate. The insurer posted a 18.5% return on equity...
Employers Holdings reported Q4 2025 gross premiums of $156.8 million, an 11% decline driven by weaker new business and audit premiums, while losses and LAE jumped 18.7% to $134.4 million. Net investment income rose 17.6% to $31.4 million after a strategic portfolio rebalancing...
AI agents are evolving from advisory tools to autonomous actors, creating an emerging "Agentic Commerce" economy. To operate at scale, these agents must be bounded by clear authority and risk controls, which the insurance industry can provide through underwriting and...
The article proposes that insurers share hard‑braking telematics data with transportation agencies to pinpoint dangerous road segments. A Google study of ten years of crash records found a strong correlation between aggregated hard‑braking events and actual crashes, correctly flagging hotspots...
The mental health crisis is evolving, prompting insurers to reassess risk strategies. Philadelphia Insurance Companies (PHLY) highlights a multi‑faceted approach, offering product‑specific resources, alliances, and services such as safety program development, site audits, and interactive web‑based training. These capabilities aim...
At its Galveston meeting, the Texas Windstorm Insurance Association (TWIA) Board voted to purchase reinsurance and catastrophe bonds only up to the statutory 1‑in‑50 year probable maximum loss (PML) level for 2026. The revised funding target of $4.3051 billion translates to...
In this episode, Unity Stokes chats with Justin Ayers, CEO of EqualityMD, about the company’s shift from a direct‑to‑consumer, membership model to a B2B/B2B2C platform that offers employers an insurance‑free telehealth solution with culturally competent clinicians and free prescriptions. Ayers...
U.S. insurers remain optimistic about 2026 investment conditions, with 76% of survey respondents seeing improving opportunities despite expectations of higher inflation, tighter liquidity and lower Fed rates. The optimism is driven by higher yields on high‑quality fixed‑income securities and attractive...
The article outlines eight transformative trends reshaping the insurance sector in 2026, from AI‑native core platforms and human‑centric AI to the expanding Silver Economy and fast‑growing specialty products such as parametric insurance. Majesco positions its cloud‑native, AI‑driven SaaS suite as...
In this episode, Andy Yeoman of Concierus walks hosts Jared and Ben through the evolution of InsurTech, from early marine analytics to the current AI‑driven platform that delivers both speed and certainty in underwriting. He stresses that technology must be...
Cartel violence erupted in Mexico after the killing of leader Nemesio Oseguera Cervantes, halting flights and disrupting tourism in Puerto Vallarta. Tourism, which contributes about 10% of Mexico’s GDP, faces short‑term setbacks and longer‑term perception risks. AM Best issued a negative...
Liberty Mutual and Floodbase have launched an instant quoting application for parametric flood reinsurance in the United States. By linking Liberty’s pricing engine with Floodbase’s API, brokers can price large‑area flood cover within minutes, streamlining a traditionally complex process. The...
A Texas law, HB 2067, took effect on Jan 1 2026 requiring all property‑and‑casualty insurers to provide written reasons when declining, canceling, or not renewing auto or homeowners policies. The mandate rolls out in three phases—first residential property and private passenger auto, then...
Synpulse announced the promotion of Marcel Loetscher to Senior Partner and Joel Smith to Partner within its Commercial Insurance, Reinsurance, ILS and Delegated Authority (CRID) practice. Loetscher, a 16‑year veteran who founded the New York office, will now head the...
CMS has unveiled a sweeping overhaul of the Medicare Advantage Star Ratings, targeting the 2028 and 2029 rating cycles. The agency will drop 12 administrative and two clinical measures, eliminate the Health Equity Index incentive, and introduce a depression‑screening metric....
Octave Specialty Group posted a mixed Q4 2025 performance, with its Everspan P&C unit boosting gross premiums 34% to $80 million while the combined ratio slipped to 99.4% due to a higher loss ratio. Total P&C premium production rose 15% to $303 million,...
Camunda introduced a Skyflow connector that tokenizes and de‑identifies PII/PHI within BPMN workflows. The connector forwards selected fields to Skyflow’s vault, replaces them with tokens, and permits controlled re‑identification only at approved steps. This approach shrinks the cleartext data footprint...
In this episode, Julian interviews Reto Bolliger, co‑founder and CEO of Chase, an online marketplace that lets consumers compare and purchase extended car warranties at prices up to 40% lower than dealership offers. Reto shares his eclectic entrepreneurial journey—from classical...
Marsh Risk has appointed Angela Baker as the UK Portfolio Solutions Leader, reporting to Tom Davies. Based in London, Baker will collaborate with Marsh’s leadership and specialty teams to design and deliver portfolio solutions for clients. A key focus of...
Toronto AI startup General Magic announced a $7.2 million financing round led by Radical Ventures with participation from a16z Speedrun and several angel investors. The company’s agentic AI texting platform automates insurance customer interactions across quoting, coverage queries, and claims, promising...
The U.S. property‑and‑casualty (P&C) insurance sector posted its strongest results in a decade in 2025, with net underwriting income surging to an estimated $39 billion and the combined ratio improving to 95.0, down from 97.1 in 2024. Robust pricing momentum across...
Price Forbes has appointed Gareth Davies as Executive Vice President and Head of Property for its Bermuda operation, effective immediately. Davies brings three decades of property insurance experience, most recently as Head of Property at Lockton, and prior senior roles...
Financial & Legal, a UK‑based insurer founded in 1995, provides in‑house underwritten After the Event (ATE) and Before the Event (BTE) insurance alongside assistance and ancillary cover. The firm is regulated by the PRA and FCA, fully Solvency II compliant, and...
Congress missed its Jan. 30 deadline to extend ACA subsidies, leaving roughly four million Americans without financial assistance and prompting a surge in uninsured individuals. The lapse underscores a broader health‑care cost crisis that has become a flashpoint ahead of the...
