New roles highlight WTW’s strategy to target high‑growth clients and differentiate on analytics and specialty expertise
Author: Awais
Portugal’s government on Tuesday announced a 22.6 billion euro ($26.5 billion) investment program to roll out over nine years, aimed at mitigating risks including climate change and power outages. The plan was initiated after severe storms hit central mainland Portugal in January and February, causing damage worth an estimated 5.3 billion euros, and a crippling power outage in Spain and Portugal exactly a year ago. The initiative, named Portugal Transformation, Recovery and Resilience, seeks to strengthen infrastructure, institutions, homes and businesses against threats linked to climate change, energy security, seismic activity and cyberattacks. The program will seek to expand the…
According to thousands of human resources and risk professionals surveyed by Marsh, inadequate cyber threat literacy ranks as the number one risk to people. It makes sense, since human error continues to be a top cause of cyber losses. Phishing and social engineering need humans to make a mistake or be fooled into providing log-in details hackers use to launch ransomware and data breaches. Marsh said results of the research underscore that cyber resilience “depends as much on human behavior as it does on technology.” The broker’s 2026 People Risks report also highlights the adoption of artificial intelligence—or “mindest barriers”—as…
A swing to strong underwriting profit in homeowners and improved auto results underline Allstate’s push to repair personal lines margins while resuming growth
Allstate Corp. first quarter 2026 net income applicable to common shareholders more than quadrupled compared with the same time a year ago, due to a large gain in underwriting income. Net income was $2.4 billion for Q1 versus $566 million for the first three months of 2025. Allstate’s Property-Liability business turned in a Q1 combined ratio of 82—more than 15 points better than Q1 2025. Catastrophe losses for the quarter were $1.2 billion compared with $2.2 billion, and underwriting income went from $360 million in 2025 to about $2.7 billion in 2026. “Market share of auto and homeowners insurance increased…
Convex Group, the expansive global specialty insurance and reinsurance underwriter, has reduced its target for the Hypatia Ltd. (Series 2026-1) catastrophe bond transaction to between $150 million and $175 million of retrocession, while the company aims to secure mid-guidance pricing for the tranche of notes on offer, this publication has learned.Convex first debuted in the catastrophe bond market back in 2020, securing $300 million of protection from the capital markets with its first Hypatia deal. The company then returned to the market in 2023 and managed to secure $150 million of industry loss triggered retrocession with a Hypatia 2023-1 issuance. Convex…
KFF resources on the Medicaid work requirements in the 2025 Reconcilation law.
A broker-led strategy blends platforms, AI, and partnerships to modernize insurance workflows
During a high-profile congressional hearing on Tuesday, one lawmaker said hospitals charge "an insane amount" for care. Still, the CEOs largely passed the buck, arguing their prices are justified.
Palomar Insurance Holdings has raised the target to as much as $410 million of capital markets backed California earthquake and Hawaii named storm reinsurance from its new Torrey Pines Re Ltd. (Series 2026-1) catastrophe bond issuance, sources have told Artemis.Palomar Insurance returned to market earlier this month, initially seeking $375 million of California earthquake and Hawaii named storm reinsurance protection with what will be its seventh in the Torrey Pines Re program of catastrophe bonds. Now, we’re told that the insurer is looking to upsize on the amount of reinsurance its latest cat bond sponsorship will provide, with a target…
The 2025 reconciliation law, once called the “One Big Beautiful Bill,” signed by President Trump on July 4, 2025, conditions Medicaid eligibility for adults in the Affordable Care Act (ACA) Medicaid expansion group and enrollees in partial expansion waiver programs (Georgia and Wisconsin) on meeting work requirements starting January 1, 2027. Currently, 41 states (including DC) have expanded their Medicaid programs under the ACA to nearly all adults with income up to 138% FPL ($21,597 for an individual in 2025). To implement Medicaid work requirements, states will need to make important policy and operational decisions, implement needed system upgrades or…
Insurance organizations are under pressure to move faster, operate more efficiently, and improve financial performance. Yet many carriers, MGAs, reinsurers, and program businesses are still relying on fragmented systems, manual workflows, spreadsheets, and delayed reporting to run critical parts of their operations. This white paper, commissioned by INTX Insurance Software and supported by independent RSM field research, examines the true cost of legacy insurance systems, from high implementation costs and manual workarounds to lost productivity, delayed system changes, and reinsurance leakage. The findings show that modernization is no longer simply a technology decision. It is an operating model decision. Download the report to understand how legacy…
On cost, Samfiru is blunt about why a buyout program is cheaper than a mass termination, particularly at companies like Rogers where long-tenured employees would otherwise command significant severance. “With a termination, the law dictates what you have to pay employees, and that amount can be very significant,” he says. “A lot of these employers like Rogers have long-service employees, and that severance can add up quickly with a buyout or a voluntary package — there’s no requirement to pay anything, it’s really what you and the employee agree to.”
Tory Starr is worried about the people who get medical care at Open Door Community Health Centers along California’s North Coast. “They’re the folks that work at restaurants. They’re the teacher’s aides,” said Starr, a registered nurse who became Open Door’s chief executive more than six years ago. Those patients, he said, are “really the heart and soul of rural America.” He said if his remote health centers don’t get a share of the billions of dollars Congress earmarked to transform health care in rural America, patients may soon lose services. About 50% of Open Door’s 60,000 patients are on…