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| Jan 22, 2025 2:22:16 PM
Talent
Axa XL hires AIG’s Carnazza to lead Americas construction property
He will be replacing Joe Vierling, who retired at the end of 2025.
Andrew Ragsly
,
January 21, 2026
Commercial Lines
Travelers improved cat cover with ‘modest’ increase in costs: CFO Frey
The carrier confirmed that its corporate cat treaty retention decreased to $3bn this year from $4bn in 2025.
Jairo Ibarra
,
January 21, 2026
Catastrophe losses
LA fire subrogation: The ~$8bn dollar question
The market expects a lower proportion of restoration by utilities than after 2018’s Camp Fire.
Rachel Dalton
,
January 21, 2026
AI
Testudo launches AI-focused GL cover backed by Lloyd’s
The MGA can offer AI liability limits up to $8.5mn for US companies.
Olivia Royle
,
January 21, 2026
Talent
Crawford names Mike Hoberman CEO of US operations
The company will also split operations into US and international divisions.
Adam Kovac
,
January 21, 2026
Commercial Lines
Travelers Q4 CoR falls 3pts to 80.2% on low cats, higher reserve releases
Travelers grew NWP by 1% in Q4 as BI rose 2%, specialty increased 4% and personal lines was unchanged.
Jairo Ibarra
,
January 21, 2026
Cyber
Market hardening for cyber healthcare segment as risks mount
The industry vertical is bucking a trend in the cyber market overall, which remains soft.
Olivia Royle
,
January 21, 2026
Catastrophe losses
CatIQ pegs 2025 Canadian nat-cat losses at $1.7bn
Last year was the ninth-largest loss year for the country on record.
Rebecca Perkins
,
January 21, 2026
Catastrophe losses
Gallagher Re estimates global nat cat losses of $129bn for 2025
The year featured the fewest multi-billion-dollar insured loss events since 2019.
Adam Kovac
,
January 21, 2026
Legal
Howden, Alliant agree to injunction blocking client poaching, use of confidential info
The temporary deal would remain in effect through a trial on the merits.
Clark Mindock
,
January 20, 2026
M&A
Alacrity sells managed repair arm to BV Investment Partners
The deal follows Alacrity’s sale last year to a group of its private lenders.
Jairo Ibarra
,
January 20, 2026
Legal
Marsh rejects settlement talks, only ‘tip of the iceberg’ known about Howden raids
The parties will likely consider settlement talk formats after discovery.
Clark Mindock
,
January 20, 2026
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