Industry News

Reinsurance News Oct 19, 2026 RLI promotes four senior leaders Specialty insurer RLI Corp. has promoted Kathleen Taylor to Vice President (VP), Controller and Treasurer, Katie Kappes to Chief Administrative, Amy Braet to VP of Human Resources, and Ross Edwards to… ↗ Reinsurance News Oct 19, 2026 GAIP welcomes Lloyd’s Asia as Supporting Partner Lloyd’s Asia has joined the Global Asia Insurance Partnership (GAIP) as a Supporting Partner, adding specialist insurance and reinsurance market expertise to the Asia-focused, neutral tripartite platf… ↗ Carrier Management Oct 18, 2026 The Latest Launches from Socotra, dClimate, Patra Socotra announced the launch of Socotra Configuration Assistant, a native product experience that turns business requirements into a working product in Socotra. Users can describe a product in natural… ↗ Carrier Management Oct 16, 2026 Unbuckled Motorists Account for 28% of Traffic Fatalities: AAA New research reveals that unbelted occupants account for a significant number of traffic deaths, according to the AAA Foundation for Traffic Safety (AAAFTS). Fatal Crash Data Analysis (FARS) from 2017… ↗ Reinsurance News Oct 16, 2026 APAC re/insurance markets face shifting risks and growth pressures: Gallagher Re Roshan Perera, CEO of APAC at Gallagher Re, a global reinsurance broker and risk advisory firm, has outlined the key challenges and opportunities facing Asia-Pacific’s insurance and reinsurance market… ↗ Reinsurance News Oct 16, 2026 Generali advances reinsurance strategy with launch of Syndicate 2031 Red Bridge at Lloyd’s Global insurer Generali has entered the Lloyd’s marketplace with the launch of Syndicate 2031 Red Bridge, which will assume a share of the carrier’s outward reinsurance placements, across multiple lin… ↗ Carrier Management Oct 16, 2026 EL Nino Expected to Drive Warmer Temps North While South, East Will See Wetter Conditions El Nino will drive warmer and wetter conditions in the U.S., according to NOAA’s latest U.S. Winter Outlook, published this week. Between December 2026 and February 2027, the northern U.S. will see wa… ↗ Reinsurance News Oct 16, 2026 VisionFund, Global Parametrics to develop Amazon Basin parametric cover VisionFund, the financial inclusion arm of World Vision, working with Global Parametrics and co-financed by the InsuResilience Solutions Fund, will design a two-peril parametric meso-insurance for Wor… ↗ Carrier Management Oct 16, 2026 Broad AI Exclusions in Insurance Policies Could Create Uncertainty, Marsh CEO Says A broad-based AI exclusion in insurance policies could create “real confusion and uncertainty,” Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology beco… ↗ Carrier Management Oct 16, 2026 Teen’s Death Prompts Plan to Ban New York Central Park’s Horse-drawn Carriages New York City lawmakers plan to ban horse-drawn carriages from Central Park, ending their more than 150-year run as an iconic, old-timey tourist attraction, following decades of opposition from animal… ↗ Reinsurance News Oct 16, 2026 Moody’s RMS says Hurricane Isaias insured losses could hit $4.5bn Catastrophe risk modeller Moody’s RMS Event Response has estimated total US private market insured losses from Hurricane Isaias to range from $2.5 billion to $4.5 billion, with a best estimate of $3.5… ↗ Reinsurance News Oct 16, 2026 Stand secures $70m Series C Funding to grow resilient home insurance business Stand, a property insurance company that helps homes withstand natural disasters, has secured $70 million in Series C funding at a $1 billion valuation. Announced on 15 October 2026, the investment ta… ↗ Reinsurance News Oct 16, 2026 Travelers Q3’26 net income rises despite higher cat losses, but 9M cat toll down considerably Travellers has announced its financial results for the third quarter of 2026, reporting a net income of $1.917 billion, increasing from $1.888 billion in the same period last year, despite a year-on-y… ↗ Reinsurance News Oct 16, 2026 Marsh Re’s Janeke expects Baden-Baden to ‘entrench’ buyer-favourable reinsurance market Marsh Re’s Leon Janeke expects Baden-Baden to “confirm and further entrench” a buyer-favourable reinsurance market ahead of the 1 January renewals, with reinsurers set to take a greater share of large… ↗ Carrier Management Oct 16, 2026 KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event Catastrophe risk management firm Karen Clark & Co. (KCC) said privately insured losses from wind and storm surge during Hurricane Isaias will be about $3 billion, making the storm one of the most mana… ↗ Carrier Management Oct 16, 2026 Workers’ Compensation’s Real Challenge: Orchestration Workers’ compensation has long been one of the most operationally complex lines in the property/casualty insurance industry. What appears on the surface to be a straightforward claims process is, in r… ↗ Reinsurance News Oct 16, 2026 AI-driven incidents will escalate in frequency once attackers find the right business model: Coalition Cyber risk can hold flat for years, then jump sharply once attackers find a way to exploit a new technology; artificial intelligence (AI) appears to be heading down a similar path, cyber insurance spe… ↗ Insurance Business Oct 16, 2026 Liberty Mutual Re pays out on Mexico's parametric quake cover weeks after inception Second sensor-triggered quake offering in three months for LM Re, as it also adds a Nordics manager ↗ Carrier Management Oct 15, 2026 Arctic Sea Ice Continues to Shrink at a Rapid Pace: Study Arctic sea ice is shrinking in both winter and summer, with satellite records revealing that the region’s remaining ice is becoming thinner, younger, and more vulnerable to melting, according to the N… ↗ Carrier Management Oct 15, 2026 A Timeline of Developments in AI Safety Since the Attack on Hugging Face In one alarming announcement after another, artificial intelligence companies in recent months have shared examples of their technology acting in ways that appeared to evade instructions from humans.… ↗