Ransomware attacks jumped 32% in 2025, targeting manufacturing, health care, education and supply chains, while third‑party breaches accounted for roughly 30% of incidents. The surge has driven a rapid expansion of cyber insurance as companies seek protection against AI‑fuelled threats and a projected $10.5 trillion cybercrime cost. Insurers now recognize that effective policies require deep cyber expertise, not just traditional underwriting skills. To fill the talent gap, firms are recruiting security engineers, launching apprenticeships, internships and continuous training programs.
Liberty Mutual announced that Matthew Moore will become president of its Global Risk Solutions division, effective March 6, 2026. Moore, who has served as president of underwriting for GRS and held senior roles across the company’s specialty and reinsurance businesses...
Munich Re Specialty – North America appointed Robin Udhwan as Head of Canada Programs. In this role, Udhwan will oversee underwriting and management of the MGA portfolio, reporting to Claudia Carnevale and Derek Stewart. He brings extensive underwriting and operational...
The directors and officers (D&O) liability market is moving toward stability after several years of aggressive price competition. AM Best upgraded its outlook to stable as renewal rates flatten and premium cuts become modest through 2026. Insurers are shifting focus from...
Businesses of all sizes are embracing peer‑to‑peer payment apps such as Venmo, Zelle and Cash App to streamline vendor payments and employee reimbursements. The convenience has sparked a surge in fraud, with New York regulators reporting more than $390 million in losses...
Lesli Rice, a veteran risk manager who rose from a Brooklyn library job to senior roles at Allstate, Turner Construction, and Lincoln Avenue Communities, highlights the risk management field’s strong mentorship culture. She points to the industry’s narrowing coverage, rising...
Employers who actively manage workers’ compensation claims can dramatically lower expenses, according to Kinetic Insurance’s new guide. Reporting injuries within 24‑48 hours reduces medical utilization and litigation risk, while delayed reporting can increase costs by 30‑40 percent. The guide identifies...

Jim Marcoulier has been promoted to director of underwriting at A.I.M. Mutual Insurance Companies, a workers’ compensation carrier based in Burlington, Massachusetts. Previously a senior underwriting manager, he will now oversee underwriting operations across New England and report directly to...

Venbrook Group LLC announced the appointment of Awais Farooq as chief claims officer, effective immediately. Farooq arrives with nearly two decades of experience leading claims transformation at firms such as Crawford & Company, State Farm, Chubb, and Berkshire Hathaway GUARD....

Marsh Risk has created a new global supply chain practice and appointed James Crask as its leader. The role merges the firm’s supply‑chain insurance and risk‑consulting capabilities with advanced analytics, notably the AI‑driven mapping platform Sentrisk. Crask, based in London,...

Aon PLC appointed Joe Peiser as CEO of Risk Capital, overseeing Commercial Risk and Reinsurance Solutions and reporting to Andy Marcell, Global Solutions CEO. Peiser brings more than 30 years of experience across North America, the UK and Bermuda, having served as...

The Delaware Supreme Court affirmed that Harman International’s $28 million merger settlement is covered under its directors‑and‑officers (D&O) policy, despite the insurers’ reliance on a “bump‑up” exclusion. The court applied a two‑step test, accepting that the underlying securities claim alleged inadequate...

A growing share of U.S. homeowners and commercial property owners are going uninsured as premiums rise and availability shrinks, with recent estimates putting the uninsured homeowner rate at roughly 13.6 percent, or 11.3 million homes. Mortgage‑free households, owners of manufactured or...

Global commercial insurance premiums slipped 4% in Q4 2025, marking the sixth straight quarterly decline after seven years of steady hikes. The drop reflects heightened competition, favorable loss experience and cheaper reinsurance, expanding market capacity worldwide. Regional data show the...

University of Texas at Arlington engineers unveiled the Pneumatically Actuated Soft Elbow Exoskeleton (PASE), a lightweight silicone‑based wearable that cuts elbow muscle activity by 22% during typical industrial tasks. Tests with 19 participants showed an 8‑10 point reduction in perceived...

Surety insurers posted record profitability in 2024, achieving a 45.6% net profit margin and $2.35 billion in underwriting profit for the third straight year. The surge stems from federal infrastructure programs that have driven strong demand for contractor bonds, while loss...