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Tag: insurance-journal

Competition to Drive ‘Deteriorating’ Reinsurance Market, More M&A in 2026
Insurance Journal | September 10, 2025
Competition to Drive ‘Deteriorating’ Reinsurance Market, More M&A in 2026
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across most property lines will …
Report: Ransomware Attackers ‘More Systematic,’ Claims Become Costlier
Insurance Journal | September 10, 2025
Report: Ransomware Attackers ‘More Systematic,’ Claims Become Costlier
A portfolio claims analysis shared by Resilience, a cyber risk solutions company, showed the year-over-year average cost of individual ransomware attacks rose by 17% in the first half of 2025. The new report found that successful attacks are becoming more …
Willis Launches Global Risk Engineering Team to Enhance Specialized Capabilities
Insurance Journal | September 10, 2025
Willis Launches Global Risk Engineering Team to Enhance Specialized Capabilities
Willis, a business of the broker WTW, announced the launch of a Global Risk Engineering team, as a key expansion of its Global Risk & Analytics (R&A) business. By consolidating and elevating its engineering capabilities, Willis said it is enhancing …
Markets/Coverages: IQUW Re Bermuda Adds Mortgage, Credit, Cyber to Product Suite
Insurance Journal | September 10, 2025
Markets/Coverages: IQUW Re Bermuda Adds Mortgage, Credit, Cyber to Product Suite
IQUW Re Bermuda, announced plans to expand its predominantly property cat reinsurance product suite with the additions of mortgage, credit, and cyber reinsurance to its portfolio. This continued product expansion comes at a time of significant development for IQUW. The …
Insurance Firm Definity Financial Readies C$1 Billion Debt Sale
Insurance Journal | September 10, 2025
Insurance Firm Definity Financial Readies C$1 Billion Debt Sale
Definity Financial Corp. plans to sell around C$1 billion ($723 million) of debt in two parts as it prepares to close the acquisition of Travelers Canada, according to people familiar with the matter. The senior notes will be sold in …
Chinese Hackers Impersonated Republican Lawmaker, Panel Says
Insurance Journal | September 10, 2025
Chinese Hackers Impersonated Republican Lawmaker, Panel Says
Suspected cyber attackers linked to the Chinese Communist Party impersonated the Republican chair of the House Select Committee on China in a series of attempts to steal sensitive data on trade negotiations, the panel said. Hackers masquerading as Representative John …
Ford Recalls 1.9 Million Vehicles Over Faulty Rear-View Camera
Insurance Journal | September 10, 2025
Ford Recalls 1.9 Million Vehicles Over Faulty Rear-View Camera
Ford F.N is recalling 1.9 million vehicles worldwide due to faulty rear-view cameras, the latest in a series of callbacks over the issue, the automaker said Tuesday. The recall covers various 2015 through 2019 model year Lincoln MKC, Lincoln Navigator, …
Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?
Insurance Journal | September 10, 2025
Florida Farm Manager Pleads in ‘Insurance Farming’ Scheme. Insurance Agent Next?
In a wide-ranging scheme that prosecutors are calling “insurance farming,” a former manager for one of the larger agricultural operations in Florida is now awaiting a sentencing hearing in December. Christopher Lee, 49, from the Naples area, on Aug. 26 …
Alex Jones Takes $1 Billion Sandy Hook Judgment to Supreme Court
Insurance Journal | September 10, 2025
Alex Jones Takes $1 Billion Sandy Hook Judgment to Supreme Court
Right-wing conspiracy theorist Alex Jones is asking the US Supreme Court to review a Connecticut court’s nearly $1.4 billion judgment against him and Infowars stemming from his false claims that the Sandy Hook Elementary School massacre was a hoax. The …
EU Opens Talks on Carbon Credits to Win Deal on Key Climate Goal
Insurance Journal | September 9, 2025
EU Opens Talks on Carbon Credits to Win Deal on Key Climate Goal
European Union nations will discuss potential changes to the role of imported carbon credits in the next decade in a drive for a rapid deal on the bloc’s landmark 2040 climate goal. Denmark, which holds the EU’s rotating presidency, signaled …