THE WIRE · UPDATED FOUR TIMES A DAY
The wire
Insurance news from trade publications, regulators, companies and research houses, as it is published. Each line is the outlet’s own headline (in English translation, labelled, when the original is in another language) with our one-line summary; follow the link to read the original. Last checked 2026-10-20 12:00 UTC.
Budget Direct opens Adelaide service hub, with room for 300 staff by 2027 ↗
Mid-market employers are flying blind on alternative funding ↗
Mid-market employers lack clarity on alternative health funding, and many sit in plans that hurt them.
Gallagher adds Australian comms firm in ongoing benefits build-out ↗
Gallagher has acquired a Melbourne employee communications firm, extending its deals across four countries.
Also: Insurance Business (US)
Life insurance council announces grant winners ↗
Central Bank issues warning over two unauthorised firms advertising cheap car insurance ↗
Jonathan Barne KC: The co-insurance defence ↗
Why claims leaders want AI to automate tasks, not decisions ↗
Claims leader Clayton Matthews argues AI should automate claims tasks rather than decisions.
Europe's Insurers Cut Coverage of Weather Losses, Report Says ↗
When someone else’s outage becomes your claim ↗
Cyber business interruption claims are moving downstream when third-party outages hit insureds.
Femia to lead newly launched DOXA Re as President ↗
Also: Insurance Business (US)
AI exclusions are spreading. Harbor just raised $10 million to insure the gap ↗
Harbor raised $10M to cover AI risk left by spreading AI exclusions and monitors agent activity.
Acuity’s five outside hires hint at a HNW private-client push in personal lines ↗
Isaias: 47,000 Claims and $582M in Losses in Florida So Far, OIR Reports ↗
Florida's insurance regulator reports 47,000 Isaias claims and $582M in losses so far.
Insurance, Maintenance Factors Challenge U.S. Plans to Ease Shadow Fleet Sanctions ↗
Analysts say easing sanctions on shadow fleet tankers would have limited impact, as ships lack insurance.
Meeting to address mortgage and insurance difficulties facing defective concrete homeowners - Highland Radio ↗
Airlines evacuate $4B worth of aircraft from Riyadh ↗
Saudi airlines are urgently evacuating aircraft worth up to $4bn from Riyadh after Houthi strikes damaged six.
Marsh to pay largest share of Greensill settlement ↗
Italian brokerage launches Brazilian marine insurance JV ↗
Cambiaso Risso Marine entered Brazil's marine insurance market via a 51/49 joint venture with Korsa.
Insured wildfire loss estimate grows to $634M ↗
France Assureurs estimates this summer's wildfires caused up to €563M in insured losses.
Executives’ defense costs spark $56M insurance battle ↗
Lloyd's syndicates ask the Court of Appeal to overturn an order to fund £45M of defence costs for two ex-Petrofac executives.
Hannover Re promotes new South Africa CEO ↗
Hannover Re has appointed Wesley Clay as chief executive of its South African operations.
How ReSource Pro is building insurance data services for AI ↗
KB Insurance sets up London subsidiary ↗
KB Insurance has set up a London subsidiary to prepare investments in Lloyd's syndicates.
BHSI appoints Carsten Keune as Country Manager for Poland ↗
BHSI has appointed Carsten Keune as Country Manager as it enters the Polish market.
Also: Coverager
Global Medical Trend Eases to 9.0% for 2027, but Cost Pressures Remain Far Above Inflation ↗
Aon projects global medical cost trend easing to 9.0% for 2027, still far above inflation.
Contributions from insurers shape Ohio governor elections | Local ↗
Insurance industry contributions are shaping Ohio's governor election campaigns.
Co-pays are blocking access to million-dollar cures, researchers say ↗
A peer-reviewed commentary argues co-pays do more harm than good for curative gene therapies.
Hannover Re sees ILS capital as sustainable reinsurance addition, source of growth: Horstmann ↗
E+S Rück sees growth opportunity in well-structured frequency protection, says CEO ↗
E+S Rück's CEO sees growth in structured frequency and aggregate covers if margins hold.
Scor's line in sand: no compromise on terms, conditions regardless of price ↗
SCOR says it will not compromise on reinsurance terms and conditions, regardless of price.
Cedants extracting increased value from the reinsurance product: Aon ↗
New online tool helps farmers decide among dizzying array of insurance options ↗
A new online tool helps farmers compare options among a wide range of insurance products.
Travelers to share more cyber insurance risk with other insurers ↗
Interconnected risks and new capital increase relevance of structured solutions, Swiss Re says ↗
Corgi Insurance Names James Kullman Head of Underwriting ↗
Former Chubb underwriter James Kullman will lead Corgi's North American underwriting as it expands its AI-assisted platform.
Arity to Acquire INRIX ↗
Allstate's Arity is acquiring INRIX to combine driving-behaviour data with transportation intelligence.
Litigation costs keep outpacing commercial auto rate increases ↗
AM Best data show commercial auto loss payments grew at over twice the inflation rate from 2014 to 2024.
Captives and fronting are reshaping who actually carries the risk in Canada's MGA market ↗
Alternative capital is backing more fronting deals in Canada's MGA market, though carriers keep the paper risk.
AI can help close re/insurance blind spots; sharpen growth, risk and returns – mea ↗
Europe's changing flood reality is creating a new challenge for insurers ↗
Ray Lei named Product Proposition Lead for Greater China, Markel International ↗
Also: Insurance Asia News
Travelers earnings rise as commercial insurance pricing stabilises ↗
Travelers Q3 net income rose 2% to $1.92bn as commercial pricing stayed stable and investment income grew.
Maybe Motorcycle Brokers Should Think About Airbag Discounts ↗
Commentary suggests rider airbags could justify motorcycle discounts that save brokers and insurers money.
Insurers set aside $40M for flood claims in Istanbul, 5 other provinces ↗
For Insurance Carriers Heading Into 2027, Surf’s Up! ↗
Opinion: an aging population pushes carriers to rethink segmentation, products and digital versus human service.
Genuine grief, rising pay, a new home – and a psychiatric claim that still fell short ↗
Fitch raises Allstate’s ratings following improvements in capital and underwriting performance ↗
Fitch upgraded Allstate's ratings on stronger capital and underwriting, with a Stable outlook.
Cofounder of failed reinsurer's parent firm admits $500m fraud - The Royal Gazette | Bermuda News, Business, Sports, Events, & Community ↗
Howden Re strengthens US casualty team with two senior appointments ↗
Franklin Templeton moderates cat bond conviction to overweight, turns neutral on ILS ↗
Franklin Templeton cut its cat bond stance to overweight and turned neutral on ILS for Q4 2026.
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