Today's Insurance Pulse
Heritage trims reinsurance program, saving $63.2M
Heritage Insurance Holdings renewed its 2026 reinsurance and catastrophe‑bond program with a total limit of $2.2 billion, down from $2.5 billion placed in 2025. The renewal includes $712 million of multi‑year coverage, $550 million from cat bonds and $162 million from private markets. Pricing softness allowed Heritage to cut renewal costs by $63.2 million.
Also developing:
D&O Policy Doesn’t Cover Antitrust Suit over Drug Acquisition: Court
A federal judge ruled that Old Republic’s directors‑and‑officers insurance does not cover the antitrust lawsuit against Supernus Pharmaceuticals over its 2020 acquisition of USWM Enterprises. The court held that the policy only applies to securities issued by Supernus or its subsidiaries, and USWM’s securities were issued before it became a Supernus subsidiary. The antitrust claim alleges that Supernus inflated the price of the Parkinson’s drug Apokyn and delayed generic competition. The decision narrows the scope of D&O coverage for similar pharma M&A disputes.
Totalis Program Underwriters Acquires Specialist Provider ShoreOne
Totalis Program Underwriters has acquired ShoreOne Insurance Managers, a niche provider of homeowners insurance with integrated flood coverage. The deal terms were undisclosed, and ShoreOne will operate as an independent business unit under Totalis, with Cameron Rhodes taking over as...
Hawaii Introduces Senate Bill 2950, Allows Captives to Write Catastrophic Risk
Hawaii Senate Bill 2950 authorizes captive insurers to write catastrophic property and casualty risks, provided they obtain approval and remain under the ongoing supervision of the state insurance commissioner. The legislation defines catastrophic risk as exposures that could generate severe,...
Markel International Appoints Camilla Roughan to Senior Underwriter – Energy
Markel International has named Camilla Roughan as Senior Underwriter – Energy, effective immediately. Based in London, Roughan will lead underwriting for the firm’s upstream and midstream energy portfolio, focusing on tighter risk selection and stronger broker relationships. Her 20‑plus years...
MEPs Approve CMDI Package
On 26 March 2026 the European Parliament approved the crisis management and deposit insurance (CMDI) package, bundling the Bank Recovery and Resolution Directive, the Single Resolution Mechanism Regulation and the Deposit Guarantee Schemes Directive. The reforms broaden the resolution framework...
Extreme Heat and Drought Dominated Extreme European Weather Risks
European weather risk assessments now highlight extreme heat and drought as the primary threats for the continent. Recent climate data shows record‑breaking temperatures and prolonged dry spells across major economies, raising concerns for agriculture, energy, and public health. Insurers and...
UK Insurtech Startups Continue to Secure Funding Despite Broader Slowdown in VC Activity : Analysis
A new CB Insights report identifies the 25 most active investors in UK insurtech, who together completed 97 equity deals between 2021 and 2025. Despite a broader slowdown in venture capital, 11% of UK insurtech equity deals involved companies ranked...
‘Everything I Got Came Out of the CHP’: Gordon Graham on Career, Culture and Leadership
Gordon Graham credits the California Highway Patrol (CHP) as the foundation of his 30‑year law‑enforcement career, from a childhood ride‑along to senior leadership roles. His tenure was defined by mentors who prioritized caring for officers, shaping his people‑first leadership style....
Public Entity Insurance Market Holds Steady but Faces Pressure From Legal Trends and FEMA Reforms
Amwins reports that the public‑entity property insurance market stays favorable for buyers, with strong carrier competition, ample capacity and innovative pricing. However, casualty coverage is under pressure from rising nuclear verdicts, reviver statutes and aggressive litigation funding. Proposed FEMA Public...
MGA Banyan Risk Deploys Hx’s Full Agentic Underwriting Suite
hyperexponential (hx) has partnered with MGA Banyan Risk to become the first managing general agent to deploy hx’s full agentic underwriting suite across the United States, United Kingdom, Canada and Bermuda. The hx platform will sit at the core of...
DPC Is Scaling — The Financing Architecture Isn’t Ready
Direct primary care (DPC) practices have exploded, growing 83 percent since 2018 to over 2,700 sites serving roughly 250,000 patients, and the global market is projected to reach $93 billion by 2034. While DPC delivers longer visits and lower utilization, the migration...
Agentic AI Poised to Shape Both Offensive and Defensive Cyber Measures: Munich Re
Munich Re’s 2026 cyber‑insurance report warns that agentic AI will soon automate multi‑stage attacks, generate hyper‑personalised phishing, and manipulate AI models through prompt injection and data poisoning. The technology expands the attack surface while also offering defenders autonomous tools to...
PartnerRe Cedes Less Risk to Lorenz Re Cells, Third-Party Reinsurance Capital Strategy Adjusts
PartnerRe dramatically reduced its risk cessions to the Lorenz Re special‑purpose cells, dropping from $529 million in 2023 to just $155 million in 2025. Correspondingly, the reinsurance recoverable tied to Lorenz fell from $921 million at the end of 2022 to $445 million by...
Viewpoint: Driving Sustainable Underwriting Performance With Data and Discipline
International insurance markets are entering a new cycle phase, with rates slipping 4% in Q4 2025 – the sixth consecutive quarter of moderation. U.S. casualty lines remain an outlier, seeing price hikes driven by litigation funding and class actions. Meanwhile, heightened...
LIRG Backs DLT Alert with $15m Quota-Share for Parametric Cyber Warranties
Algorithmic Insurance Services (LIRG) has arranged a $15 million quota‑share reinsurance deal for New York‑based managing general agent DLT Alert. The capacity backs the launch of a new suite of embedded parametric cyber warranty products aimed at cybersecurity solution providers, with...
Ci DataHub: South African, Malaysian Companies Form Mauritius Captives
Mauritius Financial Services Commission licensed two new pure captive insurers in December, doubling the jurisdiction’s non‑PCC captive count. One of the new entities, Master Drilling Captive, Ltd., received approval on 22 December 2025. The additions were driven by South African and Malaysian...
Infosys to Acquire Stratus, Expanding AI‑Driven Services for P&C Insurers
Infosys announced a definitive agreement to acquire Stratus, a U.S.‑based Guidewire consulting specialist with more than 450 experts. The deal, slated to close in the first quarter of FY2027, aims to combine Infosys' Topaz AI and Cobalt cloud platforms with...
Fleet Risk Is Changing Fast. Are You Keeping Up?
The Insurance Journal and Risky Future are hosting a free virtual event on March 31, 2026 to explore how telematics and artificial intelligence are reshaping fleet risk management. Featuring experts from The Hartford, Motive and TAKKION, the session will showcase current telematics...
Claims Firms Face Compliance Risk as FCA Car Finance Deadline Nears
SmartSearch warns claims management firms and law practices that the FCA’s motor‑finance compensation scheme will go live after final rules are published on 30 March 2026, initiating a three‑to‑five‑month implementation window. Millions of consumers are expected to receive compensation before year‑end, creating...
Florida Homeowners Slam Insurers Over Denied Claims and 40% Premium Surge
Florida property insurers are under fire as homeowners report a wave of denied claims and premiums that have jumped 40% in recent years. Whistleblowers, including a former CEO and CFO, allege profit‑shifting and lack of transparency, while state officials tout...
Dangote Refinery Leverages Middle‑East Crisis to Expand Africa’s Downstream Market
Aliko Dangote’s refinery has lifted its ex‑depot gasoline price to N1,285 per litre – its fifth hike in March – as the U.S.–Israel war on Iran pushes crude to $120 a barrel. The move deepens Dangote’s downstream foothold while sparking...
Deposit Insurance Expansion Misses Small Business Reality
Expanded deposit insurance for noninterest bearing accounts helps small businesses? What small business keeps over $250k in a zero yield account? If this is how banks think they are going to preserve deposits, the logic needs to be reexamined.
EPA Proposes to Extend Compliance Dates for PCE and CTC TSCA Risk Management Rules
The EPA announced a proposal to extend the compliance deadlines for the 2024 TSCA risk‑management rules covering perchloroethylene (PCE) and carbon tetrachloride (CTC). For non‑federal entities, initial monitoring would move to June 21, 2027, with key milestones in September and December 2027. The...
Cayman’s Framework and Stability Key to Japanese Multinational’s Re-Domiciliation – SRS’ Jenny Pooley
Japanese conglomerate Itochu Corporation decided to re‑domicile its Bermuda captive to the Cayman Islands. The move was driven by the Cayman Islands Monetary Authority’s robust regulatory framework and the jurisdiction’s political and economic stability. The new captive, named GUNA Re,...
CMS Considers New Ownership and Identity Verification Requirements for Medicare-Enrolled Providers and Suppliers
The Centers for Medicare & Medicaid Services (CMS) issued a Request for Information seeking feedback on proposed rules that would tighten ownership and identity verification for Medicare‑enrolled providers and suppliers. The agency is weighing a citizenship or permanent‑resident requirement for...
Insurance Coverage for Emerging AI and Social Media Liabilities
A Delaware court denied Meta coverage under its Commercial General Liability policy for thousands of lawsuits alleging that Facebook and Instagram were intentionally designed to foster addiction and mental‑health harms. The judge applied a narrow definition of “occurrence,” concluding that...
House Gives Deposit Insurance Reform Another Try
The House Financial Services Committee unveiled a new legislative package to reform deposit insurance, featuring a revised Main Street Depositor Protection Act that caps coverage for non‑interest‑bearing business accounts at $5 million, down from earlier proposals of $10‑$20 million. The bill delegates...
ACA Subsidy Cliffs Are Back and Costing Clients Thousands
For the first time in five years, the ACA’s enhanced premium tax credits expire at the end of 2025, restoring the pre‑pandemic subsidy structure. Households earning just above 400% of the federal poverty level—about $62,600 for an individual or $84,600...
Kansas House Moves Forward on Bill to Tighten PBM Rules and Lower Drug Prices
The Kansas House of Representatives approved a bill that would tighten regulations on pharmacy benefit managers (PBMs) to help lower prescription‑drug prices. The measure now heads to the Senate, where it could reshape how insurers negotiate drug rebates and pricing.
How to Communicate Risk to the C-Suite and Board
The NC State ERM Initiative released a practical guide for enterprise risk management leaders on how to communicate risk to the C‑suite and board. It outlines four pillars—focusing the message, structuring the process, designing concise materials, and ensuring messages are...
Chubb's CEO Just Challenged the Entire MGA Model
In its March 17 shareholder letter, Chubb CEO Evan Greenberg labeled managing general agents (MGAs) a "bad bet" and unveiled a four‑year plan to automate roughly 85% of underwriting and claims. The initiative includes cutting about 8,600 positions and targeting...
MedRisk Report Highlights Faster Care, AI Adoption in Comp
MedRisk’s latest trends report shows workers‑comp insurers accelerating injured‑worker treatment while scaling artificial‑intelligence tools beyond pilot projects. AI adoption is driven by rising claim complexity and the need for faster, data‑informed decisions, though many firms still wrestle with data quality,...
Humana, CommonSpirit Seal 3‑Year Nationwide Deal Restoring Medicare Advantage Access in 24 States
Humana and CommonSpirit Health have finalized a three‑year, nationwide contract that keeps CommonSpirit’s hospitals and outpatient sites in‑network for Humana’s Medicare Advantage members across 24 states. The agreement restores coverage lost in Colorado and Texas, stabilizing access for millions of...
AM Best Analysis: P/C Industry Soared in 2025. Will It Fly as High in 2026?
The U.S. property‑casualty (P/C) sector posted a $61 billion underwriting gain in 2025, nearly three times the $22 billion recorded in 2024. A stronger combined ratio of 92.6% and a 6% rise in net premiums earned reflected disciplined underwriting and improved pricing...
Catastrophe Losses Plunge, Driving US Net Underwriting Gain: Verisk
Verisk’s latest data shows U.S. catastrophe losses fell sharply in 2025, dropping roughly 30% to about $5.5 billion. The decline propelled the domestic property‑casualty market into a net underwriting gain of roughly $1.2 billion, reversing a multi‑year loss trend. Analysts attribute the...
Florida Court Reinterprets Comp Tolling, Revives Claim Filing Window
The Florida First District Court of Appeal ruled that the state workers’ compensation statute of limitations is tolled—meaning the two‑year clock stops—while an employee receives benefits and resumes one year after the last payment. This reinterpretation overturns decades of case...
Marsh Risk Arranges Coverage for Nuclear Power Plant
Marsh Risk announced it has arranged insurance coverage for TerraPower’s Kemmerer Unit 1 nuclear plant, the first commercial reactor approved for construction in nearly a decade. The policy involves insurers in the United States, London and Bermuda, as well as nuclear...
APRA Issues Insurance Climate Vulnerability Assessment
On 24 March 2026 the Australian Prudential Regulation Authority (APRA) published its Insurance Climate Vulnerability Assessment, a stress test that projects how climate change could erode home‑insurance affordability through 2050. The analysis models two severe climate scenarios—heightened physical weather risks and costly...
Heat Exposure, Workplace Violence and Systemic Reforms Emerge as Key Workers’ Comp Legislative Trends
Heat-related injuries are surging, with roughly 34,000 incidents and 479 fatalities between 2011 and 2022, prompting a wave of legislative activity. States such as Arizona, New Hampshire and California are introducing or revisiting bills that require written heat‑illness mitigation plans...
War Risk Premiums Hit 7.5%, May Reach 10%: Lloyd’s
Lloyd’s of London says war risk insurance premiums for commercial vessels have surged to 7.5% of a ship’s value following the outbreak of the Iran conflict. Insurers warn that the cost for the most hazardous voyages could approach 10%, dramatically...
Cambridge Mobile Telematics Secures $350 Million Funding From TPG, Allianz, State Farm
Cambridge Mobile Telematics announced a $350 million financing round led by private‑equity firm TPG and joined by insurers Allianz and State Farm. The capital will fuel AI model development, a European rollout with Allianz and a hiring push for 30 AI...
New Dawn Risk and Continent 8 Partner for iGaming Cybersecurity and Insurance
New Dawn Risk, a Lloyd's specialist broker, has teamed up with Continent 8 Technologies to deliver a combined cyber‑security and insurance offering for iGaming operators. The package bundles managed SOC, MDR, DDoS mitigation, WAAP and MFA with tailored insurance coverage,...
Top-Down Risk Control: Why Roofs Matter More Than Ever
Roofing has moved from a peripheral maintenance task to a central risk‑management priority as insurers tighten underwriting standards and leverage satellite imagery to assess condition. Small, untreated defects can snowball into multi‑million‑dollar losses when storms cause water intrusion, equipment damage,...
HKIA Reforms Seen Strengthening Hong Kong’s Reinsurance Hub Status: AM Best
AM Best’s latest report says HKIA’s proposed reforms to non‑life insurers’ capital rules could boost Hong Kong’s reinsurance hub status. The changes would scale back prescribed natural catastrophe risk factors and let insurers exclude offshore reinsurance from capital calculations, improving...
Aviva Pilots ChatGPT App for Home Insurance Quotes
Aviva has launched a pilot ChatGPT app that delivers instant home‑insurance quotes within minutes. The app, available through the ChatGPT App Store, asks users basic details—name, address, contact and policy type—to generate a quote for Aviva’s Signature Home Insurance product....
New York Ends Essential Plan, Cutting Coverage for 460,000 Low‑Income Residents
New York State announced the rollback of its Essential Plan, ending near‑free health insurance for about 460,000 low‑income residents. The move eliminates a key safety‑net, prompting concerns from advocates and insurers about coverage gaps and market disruption.
New KeyState PCC Was From Broker-Driven Demand
KeyState has created a District of Columbia‑domiciled captive insurance entity, KeyState PCC LLC, aimed at mid‑sized firms exploring captive structures for the first time. The move responds to strong broker‑driven demand and comes with a pipeline of ready‑to‑use candidates. Founded...
AI Agents Become Profit Drivers, Demand New Accountability
Agentic AI is starting to change something fundamental in financial services: who actually drives profit and loss. We are moving beyond models that inform decisions. AI agents are beginning to price risk, approve loans, detect fraud, handle claims, and manage...
Questioning FDIC Expansion; Call for Data-Indexed System
With the floodgates open for industrial bank charters & private equity & crypto owned banks, I’m extremely suspect on why there’s such a drive to dramatically increase FDIC insurance in zero interest yield deposits. A data driven, indexed system is...
ACA's Bans and Tax Rules Kill Portable Individual Plans
And, the ACA banned individual guaranteed renewable plans which existed, and protected against the emergence of preexisting conditions. The tax deduction for employer based group plans, but not for contributions to portable individual plans nails the coffin. Great essay.