Category: News

The Australian Competition and Consumer Commission (ACCC) has announced its opposition to Insurance Group of Australia Ltd’s (IAG) proposed acquisition of RAC Insurance Pty Limited (RACI) from the Royal Automobile Club of Western Australia, citing concerns that the transaction could result in a significant reduction in competition for the supply of motor vehicle, home and…

Florida’s state-backed Citizens Property Insurance Corporation announced Wednesday that its board of governors has approved proposed 2026 rates that would lower average premiums for individual insurance customers for the first time since 2015, reflecting how recent legislative changes have strengthened the state’s property insurance landscape. The proposal recommends a statewide average decrease in personal insurance…

Global life and health reinsurer Reinsurance Group of America (RGA) announced the appointment of Ryan Krueger as senior vice president of investor relations, effective January 5, 2026. Reporting to Axel André, executive vice president and chief financial officer, Krueger will provide leadership for RGA’s investor relations. He will work closely with the executive leadership team…

Legal & General Retirement America (LGRA), a business unit of Legal & General America, expects total premiums in the U.S. pension risk transfer (PRT) market to be around $9 billion in the third quarter of 2025, down from $15.5 billion in the third quarter of 2024. In the first half of 2025, the total premium…

Global insurance and reinsurance brokerage group Howden has appointed Chris Aries as general counsel for its US retail brokerage and advisory operations. In his new role, Aries will serve as primary legal counsel for Howden’s U.S. operations, covering specialty and retail insurance. He joins the senior leadership team, as part of which he will help…

Louisiana Insurance Commissioner Tim Temple has approved SureChoice Underwriters Reciprocal Exchange (SURE) and Elevate Reciprocal Exchange’s request for an average rate reduction of 7.5%, benefiting the companies’ more than 73,000 homeowner policyholders and more than 17,000 residential policyholders. The changes, which will take effect on February 16, 2026, reflect statewide averages, meaning each policyholder’s actual…

Private managed general underwriter (MGU) Fidelis Partnership (TFP) has transferred its main European entity from Brussels to Dublin, effective December 1, 2025. TFP’s use of Dublin as a hub to access European markets reflects its growing investment in Ireland and further supports its overall European growth ambitions. TFP Dublin’s headcount has grown to more than…

hyperexponential (hx), a pricing and underwriting platform for re/insurers, has expanded its strategic partnership with Aviva to accelerate the British insurers’ AI-powered underwriting and pricing transformation. This builds on the announcement in July 2025, with Aviva leading hx’s AI beta program, spearheading the exploration of the newly launched Actuarial Agent within hx Renew. Aviva is…

Moody’s RMS has launched a new high-definition model of severe convective storms in North America, just as recent industry events have highlighted the urgent need for more robust and reliable risk modeling. According to the company, insured losses from severe convective storms (SCS) in the United States have exceeded $50 billion annually over the past…

Radian Group Inc., a U.S. company primarily known for mortgage insurance, has received all regulatory approvals required for its pending acquisition of Inigo Limited, a specialty insurance group underwritten through Lloyd’s of London. The transaction is expected to close in February 2026, subject to customary closing conditions. The deal would mark a major step for…