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Archive: February 2026

AIG Completes Purchase of Minority Stakes in Re/Insurer Convex and PE Firm Onex
Insurance Journal | February 10, 2026
AIG Completes Purchase of Minority Stakes in Re/Insurer Convex and PE Firm Onex
American International Group announced on Friday it has completed the acquisitions of strategic minority ownership stakes in Convex Group Ltd., a privately held, global specialty insurer, and Onex Corp., a publicly traded global asset manager. AIG acquired an approximately 35% …
Probe Begins Into Maine Pulp Facility Chemical Release That Killed Intern, Injured 9
Insurance Journal | February 10, 2026
Probe Begins Into Maine Pulp Facility Chemical Release That Killed Intern, Injured 9
The U.S. Chemical Safety and Hazard Investigation Board (CSB) is opening an investigation into the fatal chemical release that occurred on January 27, 2026, at the Woodland Pulp facility in Baileyville, Maine. The incident at the pulp production facility resulted …
Risky Future Series: AI Tools for Aerial, Geospatial Intelligence ‘Demo Day’ on Feb. 11
Insurance Journal | February 10, 2026
Risky Future Series: AI Tools for Aerial, Geospatial Intelligence ‘Demo Day’ on Feb. 11
Insurance Journal’s Risky Future series is hosting the “AI Tools for Aerial and Geospatial Intelligence” Demo Day, a series of free AI tool demonstrations designed exclusively for carriers, MGAs, claims professionals, underwriters, risk managers and more. Focused on advanced property …
Labor Board Gives Up Oversight of Musk’s SpaceX
Insurance Journal | February 10, 2026
Labor Board Gives Up Oversight of Musk’s SpaceX
The US labor board is abandoning a yearslong legal battle against Elon Musk’s SpaceX and signaling it will steer clear of future cases against the company. Two years after issuing a complaint accusing the aerospace firm of firing eight engineers …
Majority of Striking New York Nurses Announce Tentative Deal With Hospitals
Insurance Journal | February 10, 2026
Majority of Striking New York Nurses Announce Tentative Deal With Hospitals
Two-thirds of nurses who walked out of major hospitals in New York City a month ago have reached preliminary agreements with their employers and may end the strike this week, the union representing 15,000 striking nurses said on Monday. The …
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance
Insurance Journal | February 10, 2026
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance
Online insurance agent Insurify said it has launched a ChatGPT app to allow consumers to compare and shop for insurance. Insurify said the app is the first insurance app in OpenAI’s directory. “Shopping for car insurance has traditionally been time-consuming, …
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
Insurance Journal | February 10, 2026
Insurance Broker Stocks Sink as AI App Sparks Disruption Fears
US insurance broker stocks were pummeled Monday as the launch of an artificial intelligence tool from privately held online insurance shopping platform Insurify sparked fears about the industry facing disruption. The S&P 500 Insurance index closed down 3.9%, in its …
Singapore Says Cyber Espionage Group Targeted Telco Infrastructure
Insurance Journal | February 10, 2026
Singapore Says Cyber Espionage Group Targeted Telco Infrastructure
Singapore’s four telecom companies, Singtel, StarHub, M1, and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore’s Cyber Security Agency said on Monday. The agency said the hackers were able to penetrate and gain access …
S. Korea Blames Coupang Data Breach on Management Failure, Not Sophisticated Attack
Insurance Journal | February 10, 2026
S. Korea Blames Coupang Data Breach on Management Failure, Not Sophisticated Attack
South Korean officials blamed a massive data leak last year at Coupang on management failure, rather than a sophisticated cyberattack, and urged the e-commerce giant to fix vulnerabilities in its security systems. Announcing the first findings of a government-led probe, …
Markets/Coverages: MGA Helix Launches London Property Offering With PartnerRe
Insurance Journal | February 10, 2026
Markets/Coverages: MGA Helix Launches London Property Offering With PartnerRe
Helix Underwriting Partners Bermuda, the multi-line independent managing general agent, announced the launch of its London property offering, Helix International, which has been trading since the start of the year, in partnership with PartnerRe Insurance Programs. The program provides capacity …