Pennsylvania insurance market The Pennsylvania acquisition, meanwhile, plugs Hilb directly into a large, mature and highly contested P&C arena. The state ranks among the larger state P&C markets in the US by premium, with a broad mix of national carriers, regional and mutual insurers, and active surplus lines capacity serving both personal and commercial risks.
Author: Awais
“I am delighted to announce this partnership with Allianz. Over the years I have learned that success in sport, as in life, is forged through resilience, preparation, and the willingness to push yourself beyond your comfort zone,” Sinner said. “A strong team drives every achievement – they push and support me, working hard day after day in order to improve both on and off the court. I know Allianz shares that vision, and I look forward to building a collaboration with them, especially through the partnership with my Foundation.”
TD Insurance’s successful sponsorship of its second 144A catastrophe bond, the C$115 million MMIFS Re Ltd. (Series 2026-1) issuance, will help the company tackle the rising costs of natural disaster events and provide competitive pricing to its clients, James Russell, President and CEO, Senior Executive Vice President, TD Insurance has said.As we’ve been reporting, TD Insurance successfully priced its second 144A catastrophe bond at the beginning of January, which provides the firm with annual aggregate reinsurance for multiple perils across Canada. Initially, the company was looking to secure C$125 million in aggregate catastrophe reinsurance protection from the capital markets through this…
Aggressive M&A playbook continues to close the gap with other giants
Firm claims insurer wrongfully denied defense for two executives
Winter storm Fern, which affected the United States from January 23rd through 26th, is expected to cause insurance market losses of more than one billion dollars, while it is likely to be compared to previous historic US winter storms, broker Aon has reported.In its latest weekly catastrophe report, insurance and reinsurance broker Aon said that, “For the damages seen thus far, total economic and insured losses are expected to exceed one billion USD. “A large portion of losses will likely come from the southeast U.S. due to the impacts of the devastating ice storm on residential and utility infrastructure, as…
And in Los Angeles, a $7.1 million home has become the unlikely focal point of a coverage trench war: Scottsdale Insurance says it has been left holding the defense bill for a general contractor sued over alleged construction defects, and it wants three other carriers—tied to subcontractors’ policies that purportedly name the contractor as an additional insured—to pay their share. The suit, filed January 22, 2026, is a reminder that in high-dollar defect cases, the real contest can be less about cracked stucco than about who pays to litigate it. Full story here
The case puts insurer dispute-handling protocols squarely under the microscope
Reinsurance broker Gallagher Re has released the latest edition of its cyber rate index, indicating that an oversupply of capacity resulted in a cyber aggregate excess of loss (XOL) risk-adjusted rate (RAR) change of -32% at the January 1st, 2026 renewals.The index is an updated version of the broker’s Cyber RAR index, which launched in 2025, and monitors reinsurance prices adjusted for expected changes to the underlying level of risk. In contrast to property, where the limit is directly linked to risk, a cyber reinsurance rating index employs Gallagher Re’s proprietary view of risk (VoR), which encompasses factors such as…
The court applied reasoning from similar cases, explaining that proving an insurer should have paid certain medical bills as a primary payer wouldn’t establish that it should have paid other bills for different Medicare organizations. Each claim would require its own examination of how much USAA paid, to whom, whether those payments used up the policyholder’s personal injury protection benefits, and what secondary payers contributed.
In December, Nebraska was the first state to announce that it would be enforcing Medicaid work requirements early, starting May 1, 2026. The 2025 reconciliation law requires states to condition Medicaid eligibility for adults in the ACA Medicaid expansion group and enrollees in partial expansion waiver programs (Georgia and Wisconsin) on meeting work requirements starting January 1, 2027; however, states have the option to implement requirements sooner through a state plan amendment or through an approved 1115 waiver. Implementing work requirements will require complex changes to eligibility and enrollment systems, as well as enrollee outreach and education, staff training, and coordination with managed care plans,…
Catastrophe losses The company recorded pre-tax catastrophe and weather-related losses of $159 million for the year, or 2.8 combined ratio points. Natural catastrophe losses of $137 million were primarily tied to the California wildfires, Hurricane Melissa, and other weather events. An additional $22 million stemmed from the Middle East conflict.
MGIC Investment Corporation has now successfully priced and settled its latest 144A mortgage insurance-linked securities (ILS) transaction, securing the targeted just over $323.5 million of collateralized mortgage reinsurance through the Home Re 2026-1 Ltd. transaction.MGIC returned to the capital markets earlier in January, with the first issuance of mortgage insurance-linked notes to support the reinsurance needs of its Mortgage Guaranty Insurance Corporation unit since October 2023. The Home Re series of mortgage insurance-linked notes deals has been in effect since 2018 with this new Home Re 2026-1 now being the eighth rated issuance in the series. MGIC uses these 144A…
According to the filing, Virani resided in Massachusetts when she purchased an IUL policy in September 2023 with a face coverage amount of $2,767,336. The lawsuit describes the US Pacesetter No Cap Annual Point-to-Point Indexed Strategy, to which Virani allocated 100% of her accumulated value.