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Gallagher Re’s April 1 reinsurance renewals show Japanese property catastrophe programmes ran loss‑free, prompting risk‑adjusted rate cuts of 15‑17.5%. Across other regions, property cat rates fell 7.5‑25%, accelerating the declines first seen on Jan 1. Buyers seized the soft market to reshape risk‑transfer programmes, lower premium spend and boost structural resilience, while casualty pricing remained broadly stable. The broker advises cedents to look beyond price and embed durable protection into their portfolios.
Fitch Ratings upgraded Athora Life Re Ltd. and its parent entities to an A+ Insurer Financial Strength rating and to an A long‑term issuer default rating, following the completion of its acquisition of Pension Insurance Corporation (PIC). The agency said...
DNV released a position paper outlining how traditional risk‑management principles can be adapted to assure AI‑enabled systems in safety‑critical industries. The research emphasizes a continuous, lifecycle‑wide assurance model that captures the full AI ecosystem, from data and algorithms to human...
Generative AI is reshaping property‑and‑casualty underwriting by accelerating quote turnaround, automating data‑driven decisions, and embedding capital‑allocation logic directly into the underwriting workflow. Insurers are moving from annual portfolio reviews to monthly or even weekly cycles, using AI to continuously align...
Generative AI, first introduced to underwriting in late 2022, has rapidly accelerated efficiency by automating data collection and triaging submissions. Recent AI agents now perform actions on behalf of underwriters, enabling continuous underwriting that flags real‑time changes such as a restaurant...
Utah’s regulator approved two new captives in March—Whitecap Assurance, LLC on March 3 and Cassandra Assurance, Inc. on March 24—bringing the state’s 2024 total to six formations. The approvals include Utah’s first licensed cell company, expanding the market’s structural options. Utah’s favorable...
Humana’s Medicare Advantage business, once a profit engine, is now under intense federal scrutiny for alleged overbilling and kickback schemes. The crackdown has stalled revenue growth and led to a February loss, pushing the stock 71% lower from its November 2022...
Chameleon carriers—trucking firms that shed their identities to evade FMCSA violations—are re‑entering the market under new DOT numbers, masking prior safety issues. This recycled risk distorts insurers’ underwriting models, leading to unexpected losses and higher premiums across the industry. Regulators...
Insurance carriers are still spending $7‑$15 per claim document, driving up to $375 in overhead per claim and $10‑$18 million annually for a mid‑size P&C insurer. The root cause is legacy, paper‑centric workflows that extend average claim cycles to about 30...
Moody’s says P&C reinsurance profitability peaked in 2025 as European reinsurers benefited from lower catastrophe claims and strong investment returns. However, risk‑adjusted pricing fell in the 2026 renewals, and underwriting ratios are expected to drop 2‑4 percentage points. Life reinsurance...
Vermont Governor Phil Scott signed House Bill 649, a statewide captive insurance update that bars risk retention groups (RRGs) from extending loans or making investments in their member‑owners or affiliates. The law also mandates quarterly financial statement filings for RRGs,...
Since Alberta introduced its captive statute in July 2022, the province has attracted 29 captive insurers, outpacing British Columbia and drawing increasing foreign interest. Legal and insurance experts say Alberta’s G7 status, diversified trade strategy, and flexible partnership‑based framework position...
Artificial intelligence is reshaping risk management by delivering predictive analytics, real‑time monitoring, and automated mitigation. AI algorithms now parse historical and live data to flag emerging threats, while automated response systems reduce reaction times and human error. The technology also...
UK bulk annuity market recorded its busiest year by deal count in 2025, with 367 transactions surpassing the 293 deals in 2024. Although the number of deals rose, total written premium fell to £38.2 billion (≈$47.8 billion), down from £49.1 billion the year...
MISSION Underwriters has launched a new Latin America platform, operating from Miami, to develop specialised facultative reinsurance programmes. Alejandro Pedroza was appointed President, Latin America, bringing two decades of regional reinsurance experience. The platform will initially focus on property, financial...
A recent customer complaint highlights that health‑insurance premiums in India have surged despite the government’s GST waiver. The policy cost rose from Rs 21,996 (≈$265) in March 2021 to Rs 34,409 (≈$415) in March 2024 – a 24.86% increase after GST removal. Insurers cite...
In 2026, low‑income ACA marketplace enrollees dramatically shifted from high‑CSR silver plans to bronze, accelerating a multi‑year trend. The average actuarial value (AV) for HealthCare.gov states fell from about 80% in 2025 to 76% in 2026, while total enrollment dropped...
The Centers for Medicare & Medicaid Services released its first dataset showing how many ACA Open Enrollment participants received help from certified brokers, agents, or other assisters. The data, limited to the 30 states that use the federal HealthCare.gov exchange,...
Swiss Re’s Institute report warns that the rapid expansion and technical complexity of data centres, especially those powering AI workloads, are creating major underwriting challenges. Global data‑centre insurance premiums are projected to more than double to $24.2 bn by 2030, reflecting...
XS Global has expanded its Asia‑Pacific footprint with the launch of XS Global Asia Pacific Ltd (XSGAP) in Hong Kong and now appoints Daniel Abramson as Head of Construction Underwriting for the region. Abramson brings over 25 years of underwriting...
SEADRIF Insurance Company and the ASEAN Coordinating Centre for Humanitarian Assistance (AHA Centre) signed a Memorandum of Intent in Bali to strengthen disaster risk financing across Southeast Asia. The pact creates a framework for improved disaster impact reporting and explores...
Insurance Europe, the EU’s leading insurance trade body, has responded to the European Insurance and Occupational Pensions Authority’s (Eiopa) draft consultations on the Insurance Distribution Directive (IRDD). While it endorses the overarching consumer‑protection and market‑integrity objectives, the association warns that...
Bermuda’s insurance regulator, the BMA, is overhauling its supervisory framework to better manage asset‑intensive reinsurance, the surge in private‑credit fund participation, and the growing use of artificial intelligence. The new rules tighten capital adequacy, demand granular asset reporting, and introduce...
WTW says the prolonged Middle East conflict is establishing a new baseline for terrorism and political violence reinsurance. Insurers are now offering reduced line sizes, tighter terms, and higher rates. Capacity outside the MENA region remains near $8.5 billion, with only...
AM Best removed the under‑review status and affirmed an A+ (Superior) Financial Strength Rating for Sompo Japan Insurance, with a stable outlook, alongside an aa‑ Long‑Term Issuer Credit Rating carrying a positive outlook. The agency also affirmed an a‑ rating...
Specialist insurer Tokio Marine Kiln (TMK) has appointed Francesca Kevill as an underwriter on its Cyber & Enterprise Risk team, reporting to Head of Delegated Cyber & IP Ellie Webb. Kevill brings extensive cyber underwriting experience from Tokio Marine Australia,...
Aon’s latest catastrophe report estimates that the back‑to‑back Kona storms that battered Hawaii in March 2024 will generate at least $1 billion in combined economic and insured losses. The two‑week deluge produced record rainfall—over 52 inches at mountain peaks—the heaviest event...
Louisiana lawmakers have introduced three bills aimed at modernizing the state’s captive insurance framework, with a particular focus on entities that underwrite commercial trucking risks. House Bills 936 and 904 would tighten capital requirements, impose stricter governance standards, and broaden...
The Wren Insurance Association Limited, a mutual insurer that provides professional indemnity coverage for architects, will cease writing new business on 1 July 2026. The decision follows a surge in cladding‑related claims that have strained the mutual’s capacity. Wren remains...
The Policy Design Lab released interactive county‑level visualizations of USDA’s crop insurance data for 2014‑2024, highlighting stark geographic imbalances. Midwest counties, such as those in Illinois, consistently pay more in premiums than they receive in indemnities, while counties like Gaines...
China’s rapidly expanding multinational corporations are creating a fertile market for captive insurance structures, with Hong Kong positioned as the regional hub. Yves Betz, head of AXA XL Multinational Solutions, highlighted this emerging opportunity in an exclusive Global Captive Podcast...
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 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 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...
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...
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...
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...
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...
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,...
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...
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...
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,...
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...
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...
DUAL UK, the underwriting arm of Howden Group Holdings, has launched a new Credit Risk Insurance (CRI) solution to help clients manage payment and contractual risks in cross‑border trade. The product offers contract‑frustration coverage for up to 15 years and...
Berkshire Hathaway Specialty Insurance (BHSI) has rolled out two new Executive First Directors & Officers (D&O) liability policies in Switzerland, one aimed at commercial and industrial firms and the other at financial institutions and investment managers. The policies promise straightforward,...
Readhunt, an independent UK insurance broker, has secured Lloyd’s of London broker registration, granting it direct access to Lloyd’s syndicates. The accreditation expands the firm’s capacity to design bespoke insurance programmes for technically complex or non‑standard risks across sectors such...
Forge Insurance, a nano‑cap property‑and‑casualty carrier focused on commercial auto, reported 2025 results that signal a decisive inflection point. Net premiums earned jumped 41% to $31.1 million and underwriting income turned positive at $2.4 million after a loss the prior year. Net...
JBA Risk Management has launched an upgraded global flood model that features richer hazard maps, a broader suite of future climate scenarios, faster processing, and finer exposure‑disaggregation. The enhancements give insurers, corporates and asset managers a clearer view of current...
Ki, the algorithmic Lloyd’s digital platform, has appointed Helen Rios as an Active Underwriter for Syndicate 1618, effective March 2026 pending regulatory approval. Rios, who has served as Underwriting Director for Ki’s Casualty Division since the firm’s 2020 launch, will...
