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Lawyer Alleges UPS Put Profits Over Safety Before Deadly Plane Crash A deadly UPS cargo plane crash...
Posted: Dec 05, 2025
U.S. Probes Reports Waymo Robotaxies Illegally Passed School Buses 19 Times in...
Posted: Dec 05, 2025
Specialty MGA Nirvana Acquires Arena From Ryan Specialty Specialty managing general agent (MGA) Nirvana announced the acquisition of Arena NV from Ryan Specialty. Financial terms were not disclosed. Arena is a leader in the Belgian sports insurance m...
Posted: Dec 05, 2025
Third quarter records lowest claim volume in five years while projected severity could reach historic highs as claims mature: Verisk. The post
Posted: Dec 05, 2025
Mitsui Sumitomo Insurance Co., Ltd. (MSI), a Japanese property and casualty (P&C) insurance carrier, has acquired beneficial ownership of at least 12.5% of W. R. Berkley Corporation’s common stock. This move follows MSI’s agreements with...
Posted: Dec 05, 2025
Marsh this week announced it has hired Tom Srail its cyber analytics and digital infrastructure leader for the U.S. and Canada. Srail had spend the last 21 years with WTW, mostly recently as executive vice president of its global cyber …
Posted: Dec 05, 2025
Private equity firms EQT AB, PAI Partners and Stone Point have been shortlisted in the bidding for German insurance brokerage Global Group, people familiar with the matter said. Global Group, which is backed by buyout firm Castik Capital, could fetch...
Posted: Dec 05, 2025
The latest assessment from international insurance group MAPFRE Economics points to a more favourable environment for insurers worldwide. MAPRE notes that steadier economic conditions, improved financing in major markets and a gentler inflation ba...
Posted: Dec 05, 2025
A U.S. agency said on Thursday it has asked Waymo to answer more questions after Texas officials said the Alphabet GOOGL.O unit’s self-driving vehicles had illegally passed school buses 19 times in recorded incidents since the start of the scho...
Posted: Dec 05, 2025
The New York Times filed a lawsuit against Perplexity AI on Friday, claiming that the artificial intelligence startup was copying, distributing and displaying millions of its articles without permission. The startup has become a target of multiple le...
Posted: Dec 05, 2025
Relm Insurance, a specialty insurer for emerging and innovative industries, has announced the launch of a new suite of insurance products designed for the rapidly expanding space economy. These comprehensive products provide brokers and their clie...
Posted: Dec 05, 2025
AM Best has revised the outlook to negative from stable for the Long-Term Issuer Credit Rating (ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Nazareth Mutual Insurance Co., b...
Posted: Dec 05, 2025
Swiss Re shares dropped 7.5% on Friday after the world’s second-largest reinsurer announced a new profit target that fell short of market expectations. The Zurich-based company said it was aiming for group net income of $4.5 billion next year,...
Posted: Dec 05, 2025
After Swiss Re announced a net income target of $4.5 billion for 2026, which left some analysts underwhelmed, the reinsurer’s Group Chief Executive Officer (CEO), Andreas Berger, underlined the importance of growing at the right time and avo...
Posted: Dec 05, 2025
The World’s Plastic Glut Is Set to Get Much Worse by 2040, S...
Posted: Dec 05, 2025
Standard Chartered Plc has settled an investor lawsuit worth £1.5 billion ($2 billion) over allegations it systematically breached sanctions against Iran to win new business. In a London Court of Appeal ruling over disclosure published on Friday, the...
Posted: Dec 05, 2025
AmTrust Financial Services, Inc., a global specialty property casualty insurer, and Blackstone Credit & Insurance (BXCI) have announced the closing of a strategic transaction and the launch of a newly formed independent, multinational MGA comp...
Posted: Dec 05, 2025
China routinely sends astronauts to and from its space station Tiangong. A crew capsule is about to undock from the station and return to Earth, but there’s nothing routine about its journey home. The Shenzhou-20 capsule will carry no crew, ...
Posted: Dec 05, 2025
Credit rating agency Fitch Ratings states that the broader EMEA insurance landscape enters 2026 on a steady footing, supported by reliable operating performance, firm capitalisation and continued momentum in new business generation. According to F...
Posted: Dec 05, 2025
Cloudflare Inc. said it has fixed a problem that led to the websites for several banks, Shopify, Zoom and LinkedIn to go down Friday. “A fix has been implemented and we are monitoring the results,” the San Francisco-based company said ...
Posted: Dec 05, 2025
SAS’ industry experts anticipate that the coming year will mark a significant shift, with AI moving into a central role in how insurers function and no longer serving as a secondary aid. SAS, an analytics and AI company known for its advanced data...
Posted: Dec 05, 2025
A working paper from three well-known economists shows the impacts of global warming and particularly extreme weather on the budgets of American households is up to $900 per year. The paper was authored by former Treasury Department officials Kimberl...
Posted: Dec 05, 2025
Chris Dittman, Head of Florida Strategy at Aon’s Reinsurance Solutions, said recently that as expected, reinsurance supply continues to outpace demand ahead of the key January 1st, 2026, renewals, with the broker seeing rate decreases of between 1...
Posted: Dec 05, 2025
Jensten Group, a provider of insurance services in the UK, has announced the completion of its strategic investment deal with Bain Capital, a private investment firm. In September, Bain Capital signed a definitive agreement to acquire Jensten Grou...
Posted: Dec 05, 2025
Ariel Green, a division of Ariel Re, has provided long-term insurance coverage for global solar PV manufacturer, ELITE Solar. The partnership provides Technology Performance Insurance (TPI) for ELITE Solar’s module performance warranties for a ter...
Posted: Dec 05, 2025
Allianz Reinsurance, part of global insurer Allianz, has appointed Anna Kohls as its new Regional Chief Executive Officer (CEO) and Head of P&C Client Management of Allianz Reinsurance Branch Asia Pacific (ARAP), effective January 1st, 2026. T...
Posted: Dec 05, 2025
Swiss Re utilised its year-end management dialogue to signal that artificial intelligence now sits at the centre of its new “Built to Lead” strategy, with the group aiming to convert its extensive data holdings into actionable insights through a m...
Posted: Dec 05, 2025
RiverStone International, a global provider of legacy solutions, has announced the appointment of Charlotte Pritchard as UK CEO, effective 5 January, subject to regulatory approval. She will be succeeding Andrew Creed who will become group preside...
Posted: Dec 05, 2025
SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed property in the US, has announced the appointment of John Sence as Chief Sales Officer. In his new role, Sence will oversee sales strategy, distribution expansion, and h...
Posted: Dec 05, 2025
WTW, an advisory, broking, and solutions company, has launched Radar Fusion, a cloud-based platform developed by WTW to make commercial underwriting faster, more data-driven, and strategically aligned. The solution provides analytics, real-time in...
Posted: Dec 05, 2025
Insurance Business Magazine - US
Posted: Dec 05, 2025
Zurich-domiciled global reinsurance company, Swiss Re, has set its targets for 2026, including a group net income of $4.5 billion and a Property & Casualty Reinsurance combined ratio of less than 85%. The reinsurer has maintained or increased...
Posted: Dec 05, 2025
AmTrust International, a specialty insurer and subsidiary of AmTrust Financial Services, Inc., has named Tony Scott as Head of AmTrust Specialty Limited Claims, subject to regulatory approval, as well as Head of Claims for its Specialty business u...
Posted: Dec 05, 2025
Previsico, an insurtech company that provides advanced flood prediction and risk management solutions, has released Flood Intelligence 2.0, an updated version of its flood forecasting platform. The platform is designed to give insurers, infrastruc...
Posted: Dec 05, 2025
Posted: Dec 05, 2025
Both of the apartment building fires that displaced 70 families in Holyoke this week appear to be accidental but the exact causes remain under investigation, according to city and state fire officials. Holyoke Fire Chief John Kadlewicz and State Fire...
Posted: Dec 05, 2025
Consilium, a specialist re/insurance brokerage, has announced that its Risk Solutions division is launching a dedicated UK Contractors’ All Risks (CAR) facility. Part of its expanding suite of casualty risk offerings, the CAR facility provides com...
Posted: Dec 05, 2025