Baldwin to buy CAC Group
The Baldwin Insurance Group announced Tuesday that it has agreed to acquire specialty and middle-market brokerage CAC Group in a transaction valued at $1.026 billion.
Zurich names two to leadership roles
Zurich North America announced Tuesday that it has appointed former Everest National Insurance executive Tom Morelli as U.S. head of energy, a new unit within its specialties business.
Duck Creek names former Hewlett Packard exec CTO
Duck Creek Technologies on Tuesday named former Hewlett Packard Enterprise executive Rajesh Raheja as chief technology officer.
Business aware of rising risks, not confident in managing them: Report
Businesses are increasingly aware of rising technology, regulatory and geopolitical risks, but few are confident in their ability to manage them, according to a report released Tuesday by Hub International.
Changed circumstances have Ohio appeals court remanding disability application
An Ohio appellate court issued a limited writ returning a worker’s application for permanent total disability benefits to the Industrial Commission to make findings as to whether he presented evidence of new and changed circumstances.
Lack of evidence dooms worker’s COVID claim
The Supreme Court of Tennessee’s Special Workers’ Compensation Appeals Panel affirmed a decision finding that an injured worker failed to introduce evidence supporting her claim that she contracted COVID-19 at work.
Marsh unit wins partial injunction in Alliant poaching case
A New York federal court issued a partial preliminary injunction Monday against Alliant Insurance Services, preventing the brokerage and a pair of former Marsh McLennan Agency employees who joined Alliant from soliciting their former clients.
Trump administration backs Bayer’s bid to curb Roundup lawsuits
President Donald Trump’s administration urged the U.S. Supreme Court on Monday to take up Bayer’s bid to curtail thousands of lawsuits claiming its Roundup weedkiller causes cancer, pushing the group’s shares to their highest in almost two years.
Zestimates no longer flooded with climate data
Following a flurry of complaints, Zillow has stopped publishing climate risk ratings for sales listings that show the likelihood of properties being impacted by extreme weather, according to the New York Times.
SRS hires Vermont captive leader for compliance role
Strategic Risk Solutions announced Tuesday it appointed Sandy Bigglestone, deputy commissioner of Vermont’s captive insurance division, as managing director, chief governance, regulatory and compliance officer, effective Jan. 2.
Ryan Specialty rebrands a professional liability team
Ryan Specialty Underwriting Managers, a division of Ryan Specialty, announced Tuesday it rebranded its North American professional liability team as Ryan Financial Lines.
AUB ends talks on multibillion-dollar takeover bid
Australia-based AUB Group Ltd. said a takeover proposal from private equity firms EQT AB of Sweden and CVC Asia Pacific Ltd. will not proceed, Insurance News reported. The joint bid had valued AUB at more than 5 billion Australian dollars ($3.3 billion).
Gallagher Re acquires South African reinsurance broker
Arthur J. Gallagher (U.K.) Ltd. has agreed to acquire Resilea Pty Ltd., the largest independent reinsurance broker in South Africa, The Royal Gazette reported. Iain Macindoe, formerly Resilea’s chief executive, will become chairman for South Africa. Mathew Macindoe, former managing director, will serve as regional director and CEO.
Africa Specialty Risks enters cyber market
U.K.-based Africa Specialty Risks Ltd. has entered the cyber insurance market with a digital quote-and-bind policy that provides up to $5 million in coverage for African businesses with revenues of up to $100 million, Reinsurance News reported. The product, initially available in South Africa, Namibia and Mauritius, will eventually be offered continent-wide.
European firms eye supply chain shift away from China
The European Union Chamber of Commerce in China said one in three member companies are looking to move supply chain away from the country, MSN reports, citing Reuters. EU firms said the commerce ministry’s license application process is taking longer than promised, and criticized the lack of transparency, disclosure requirements and potential intellectual property […]
Santam to launch new Lloyd’s syndicate
South Africa-based Santam Ltd. has received final approval from Lloyd’s to launch Syndicate 1918 effective Jan. 1, 2026, Global Reinsurance reported. The syndicate will initially focus on underwriting property, marine, energy, political violence and terrorism, financial institutions, professional indemnity and cyber.
Migdal Insurance secures $100 Israel cat bond
Israel-based Migdal Insurance Company Ltd. has secured its targeted $100 million of earthquake reinsurance from its debut Turris Re Ltd. catastrophe bond, Artemis reported. The Class A notes provide three years of fully collateralized indemnity and per-occurrence protection against earthquakes that affect Israel, an entirely new peril for the market.
Ace Insurance Brokers appoints new president, CFO
India-based Ace Insurance Brokers Pvt Ltd. has appointed Arvind Laddha as president and Puneet Kumar as CFO, Reinsurance News reported. Laddha brings two decades of experience, including founding Vantage Insurance Brokers and serving as Mercer LLC’s president for India.
Shipping war risk rates climb after drone strikes
War risk insurance costs for Black Sea shipping climbed Monday after Ukrainian naval drones struck two tankers bound for a Russian port, Reuters reported. Pricing for calls to Ukrainian ports increased 25% for a seven-day voyage from the week earlier.
Morocco’s insurance premiums hit $5.2 billion
Morocco’s insurance industry recorded 48.2 billion Moroccan dirhams ($5.2 billion) in total premiums for the first nine months of 2025, a 7% year-on-year increase, Middle East Insurance Review reported. The non-life segment maintained the largest share at MAD27.2 billion, up 7%. Technical risks premiums rose 71%, while surety bond and catastrophic events premiums increased 15% […]