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February 19, 2026

☕ Actuary Brew — February 19, 2026

Actuary Brew - Thursday, February 19, 2026

☕ Actuary Brew

Thursday, February 19, 2026

Good morning,

Here's what's moving the actuarial world today.

📑 Fresh Filings — 5 new filings

FAF (10-K), PFG (10-K), CNC (10-K), UNM (10-K), AJG (10-K)

Read Summaries →

🤖 AI & Machine Learning

Humana's CenterWell closes deal to buy primary care provider MaxHealth from Arsenal Capital Partners

Fierce Healthcare

Clinics sour on CMS after agency scraps 10-year primary care program only months in

Fierce Healthcare

Millennium Insurance Deploys Ultrassure Contract AI

Insurance Innovation Reporter

Markel Partners with Upfort to Strengthen Cyber Protection for US Policyholders

Insurtech Insights

🐦 Tweet of the Day

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🏢 P&C Insurance

BI, Litmus partner on composite insurer ratings

Business Insurance

Political risk market holds steady amid events

Business Insurance

Georgia Supreme Court Disbars Workers’ Comp Attorney for Taking Client Funds

Insurance Journal

Lemonade Books Q4 Net Loss of $21.7M as Customer Count Grows

Insurance Journal

🏥 Health Insurance

Telehealth use in primary care stabilizes: research

Healthcare Dive

Calculating network downtime's operational and financial consequences

Healthcare Finance

Veradigm cut 15% of its workforce in 2025

Healthcare Dive

Nevada Debuts Public Option Amid Tumultuous Federal Changes to Health Care

KFF Health News

💼 Life & Annuities

AXA XL names new heads of Ocean Marine and Bonds in Americas

Life Insurance International

Insurer to cut dozens of jobs after making splashy CT relocation

Insurance News Net - Annuity

SPG scales cargo and logistics power with Logistiq and Anova integration

Life Insurance International

AM Best Comments on Credit Ratings of Teachers Insurance and Annuity Association of America Following Agreement to Acquire Schroders, plc.

Insurance News Net - Annuity

🔄 Reinsurance & ILS

Donegal Group’s net income climbs 56% as CoR improves in 2025

Reinsurance News

Markel expands cybersecurity support for policyholders through Upfort partnership

Reinsurance News

ADB aims to issue $120m-$150m parametric cat bond for Kyrgyz Republic & Tajikistan in H1’26

Artemis

California FAIR Plan raises target again to $400m for second Golden Bear Re wildfire cat bond

Artemis

📈 Quantitative Finance

What the Market Knows That WACC Doesn’t

CFA Institute

ISDA Responds to Bank of England Consultation on Systemic Stablecoins

ISDA

Attention Bias in AI-Driven Investing

CFA Institute

SwapsInfo Full Year 2025 and the Fourth Quarter of 2025 Review

ISDA

👴 Retirement & Pensions

Alta Trust and Morningstar Introduce 6 Multi-Manager Portfolio CITs

Plan Adviser

Retirees’ Health Care Costs Far Outpace Social Security COLA

Plan Adviser

Alta Trust and Morningstar Launch Foundation Series CITs

PLANSPONSOR

Are Employers Getting Access to PBM Claims Data?

PLANSPONSOR

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