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Sanlam’s $1.2 Billion Bid for Santam Would Give More Freedom to Deploy Capital
Sanlam Ltd.’s $1.2 billion bid to take full ownership of Santam Ltd. will give Africa’s top insurer more freedom to deploy capital across the continent, India and the Lloyd’s of London market, the latest step in an expansion that will …
POSTED OCTOBER 07, 2026 3:16 PM |
Markets/Coverages: Aviva to Enter US Specialty Market in Q4
Starting this quarter, Aviva said it is entering the U.S. specialty market with Aviva Specialty, which will begin underwriting commercial property. Aviva Specialty will serve open-market brokerage, and partnering with leading program administrators. As a wholly owned surplus carrier, Aviva …
POSTED OCTOBER 07, 2026 3:14 PM |
National Flood Insurance Program’s Authority to Expire in December
The National Flood Insurance Program is once again set to expire in two months. Early last month, NFIP’s authority to operate was renewed when the president signed legislation passed by Congress to keep NFIP running until midnight Dec. 12. According …
POSTED OCTOBER 07, 2026 2:57 PM |
Heffernan Insurance Acquires Walterry Brokers of Maryland
California-based Heffernan Insurance Brokers has acquired Walterry Insurance Brokers, an independent insurance agency based in Clinton, Maryland. The Walterry team joined Heffernan effective May 1, 2026. Established in 1968, Walterry Insurance Brokers specializes in media liability, professional liability, and business …
POSTED OCTOBER 07, 2026 2:11 PM |
Arthur J. Gallagher & Co. Acquires Irish MGA, Ornella Underwriting Ltd.
Arthur J. Gallagher & Co. announced that its specialist underwriting subsidiary Pen Underwriting has acquired Wexford, Ireland-based Ornella Underwriting Ltd. Terms of the transaction were not disclosed. Ornella is a managing general agent (MGA) providing a diverse range of commercial …
POSTED OCTOBER 07, 2026 2:09 PM |
Six Charged for Roles in ‘Smash-and-Grab’ Robberies of Jewelry Stores
Six people have been charged for their alleged roles in “smash-and-grab” robberies targeting jewelry stores across New Jersey in 2025 and 2026, U.S. Attorney Robert Frazer announced. According to prosecutors, masked and gloved perpetrators used crow bars and/or sledgehammers to …
POSTED OCTOBER 07, 2026 1:38 PM |
Google Accused of Overcharging 20 Million Consumers in UK Class Action
Google was accused of overcharging Android app developers for over a decade, leading to inflated prices on the Play Store for about 20 million UK customers. The US giant’s 30% levy for digital purchases violated competition law and consumers affected …
POSTED OCTOBER 07, 2026 12:26 PM |
Iran Ramps Up Ship Attacks in Hormuz as Oil, Gas Flows Rise
Iran has increased the pace of attacks on tankers in the Strait of Hormuz in recent days, just as oil shipments through the world’s most important energy chokepoint approach prewar levels. UK Maritime Trade Operations has reported nine attacks in …
POSTED OCTOBER 07, 2026 11:12 AM |
Don’t Sweat the Heatwave, El Niño Is Cooking up Some Raucous Weather for California
Most of the attention on California’s weather is focused right now on an unusual October heat wave with triple-digit temperatures in some areas, but talk of “atmospheric rivers” bringing crashing waves, pounding rain and snow by the feet to the …
POSTED OCTOBER 07, 2026 11:00 AM |
Volkswagen Sets Aside £725 Million for UK Car Finance Payout
The UK financing arm of Volkswagen AG has made a £725 million ($960 million) provision to cover the costs of a plan to compensate British customers who were overcharged for car loans. It’s the first time that Volkswagen Financial Services …
POSTED OCTOBER 07, 2026 10:29 AM |
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