RT Specialty names Utah president
RT Specialty, the wholesale brokerage division of Ryan Specialty, announced Tuesday that it has hired Amber Carver, formerly an executive at Burns & Wilcox, as president of RT Specialty, Utah.
Contractors should view options to cover joint venture projects
Construction joint ventures can help contractors win more business, but contracts with partner companies must be carefully crafted to clarify liability and insurance issues, a panel of experts said.
Zurich teams with video coach on construction site safety
Zurich North America is working with remote video coaching company Arrowsight to place cameras at construction sites that provide daily replays of both safe and dangerous behaviors to reduce injuries, the companies announced.
Andrew Forchelli named to Hub’s executive leadership team
Hub International on Tuesday announced the appointment of Andrew Forchelli, president and CEO of Hub California, to Hub’s executive management team, effective Jan. 1, 2026.
Estimated cost to rebuild Baltimore bridge soars
The Maryland Transportation Authority announced late Monday that the updated cost to rebuild Baltimore’s Francis Scott Key Bridge is estimated to be between $4.3 billion and $5.2 billion.
Potato chip claims cause ripple among health foodies
Cape Cod Chips are not as “crunchy” as they seem, according to a lawsuit that claims the brand of potato chips that are advertised as natural but actually contain synthetic citric acid.
Hazelton rejoins Chubb from Everest
Chubb announced Tuesday that Bill Hazelton has rejoined the company as chief operating officer for North America field operations, effective Dec. 1.
Wyoming governor approves 15% comp rate decrease
Wyoming Gov. Mark Gordon approved a 15% rate decrease for policies incepting in 2026.
Texas court dismisses jail employee’s claims arising from inmate assault
A jail employee’s civil claims arising from a sexual assault by an inmate should have been dismissed, a Texas appellate court ruled.
Florida commissioner approves 6.9% rate decrease
Florida Insurance Commissioner Mike Yaworsky on Monday announced the approval of a 6.9% rate decrease for policies incepting on or after Jan. 1.
Idaho Supreme Court upholds denial of claim for road worker’s COVID death
The Idaho Supreme Court on Friday upheld the denial of a widow’s workers compensation claim for her husband’s death from complications related to COVID-19.
Hong Kong’s commercial insurance pricing tumbles
Hong Kong’s commercial insurance market stayed favorable for buyers in the third quarter amid broad price competition driven by increased capacity from local and international insurers, according to Aon plc, Insurance Asia reported. Most lines saw rate reductions and flexible underwriting, including casualty, liability and cyber.
Meta, Google undersea cable projects stall amid Red Sea conflict
Several major undersea cable projects backed by Meta Platforms Inc. and Google LLC are facing delays due to operational challenges in the Red Sea region, Engadget reports, citing Bloomberg. Meta’s 2Africa subsea cable system has stalled in the southern Red Sea because of regional conflicts and permit issues, while the Google-backed Blue-Raman intercontinental cable system […]
Axa XL seeks $175 million catastrophe bond
Bermuda-domiciled Axa XL Ltd. is seeking at least $175 million in industry loss-based retrocessional protection through a new Galileo Re Ltd. catastrophe bond focused on U.S., D.C., Puerto Rico, Virgin Islands and Canada named storms and earthquakes, Artemis reported. With coverage running through 2029, the Class A notes will provide $85 million of named storm […]
Doha Insurance to open Saudi branch
Qatar-headquartered Doha Insurance Group QSC plans to open a branch in Saudi Arabia to expand its overseas reinsurance business, Middle East Insurance Review reported. The group said it received approval from the Qatar Central Bank to set up the branch at the King Abdullah Financial District in Riyadh, according to a filing with the Qatar […]
U.K. non-life premiums to decelerate through 2028: EY
U.K. non-life premium growth is expected to slow as the economy weakens, easing from 4.6% in 2025 to 3.6% in 2026 and then to 3.4% and 3.2% in 2027 and 2028, according to U.K.-based Ernst & Young Global Ltd., Reinsurance News reported. EY U.K. & Ireland Insurance Leader Martina Neary said that slowing economic momentum […]
Lotte Insurance challenges regulators over punitive action
South Korea–based Lotte Insurance Company Ltd. plans to take legal action against financial regulators after they placed the insurer under prompt corrective action on Nov. 5 despite meeting all quantitative capital standards, The Korea Times reported. Although the insurer’s capital adequacy ratio stood at 141% – well above the 130% threshold – regulators issued a […]
Liberty General rolls out surety insurance in India
India-based Liberty General Insurance Ltd. has launched a new surety insurance product to support the country’s construction and infrastructure financing ecosystem, Life Insurance International reported. The rollout follows the regulator’s approval of surety products as alternatives to bank guarantees and includes bid, performance, advance payment, retention and warranty bonds, as well as shipbuilding refund guarantees […]
Energy insurance rates to plummet: WTW
Rate softening in the global energy insurance market is expected to continue into 2026, with standard cuts of 10% to 15% and reductions of up to 50% in the most competitive tenders, according to U.K.-based Willis Towers Watson plc, Global Reinsurance reported. While downstream insurers face about $3.5 billion in losses this cycle, Willis […]
Tunisian insurers report 7% premium growth
Tunisian insurers listed on the stock exchange, along with reinsurer Tunis Re, posted total turnover of 1.4 billion Tunisian dinars ($472 million) for the first nine months of 2025, up 7% from the same period last year, Atlas Magazine reported. The six listed insurers generated TND1 billion, representing 74% of premiums. Tunis Re posted TND357 […]