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Ransomware Surges as Third-Party Risks Expand Cyber Threat Landscape

Risk & Insurance

Technology choices and security controls directly impact an organization's cybersecurity risks, At-Bay analysis shows. The post Ran...

Posted: Apr 11, 2025

Arizona Reported 15% Decrease in Vehicle Thefts in 2024

Insurance Journal

The Arizona Automobile Theft Authority reported that Arizona vehicle thefts decreased by 15% in 2024, marking a second straight year of decline. Data compiled by the AATA’s Auto Crime Tracking shows that Arizona had 17,010 vehicles reported sto...

Posted: Apr 11, 2025

AXA XL Announces Promotions on Americas Cyber Insurance Team

Risk & Insurance

The latest people news in the industry today. The post AXA XL Announces Promotions on Americas Cyber Insurance Team appeared first on

Posted: Apr 11, 2025

Marsh Appoints Lindsay Roos as CEO of Bowring Marsh Bermuda

Risk & Insurance

The latest people news in the industry today. The post Marsh Appoints Lindsay Roos as CEO of Bowring Marsh Bermuda appeared first on

Posted: Apr 11, 2025

Brown & Brown Charges Former VP With Poaching Clients, Breaching Agreements

Insurance Journal

Florida-headquartered Brown & Brown, one of the largest insurance brokerages in the country, this week filed a federal lawsuit against a former vice president, charging him with secretly setting up a competing business and poaching clients. The l...

Posted: Apr 11, 2025

Munich Re Specialty Appoints Vincent Baldo as Head of Health Care for Excess & Surplus Lines

Risk & Insurance

The latest people news in the industry today. The post Munich Re Specialty Appoints Vincent Baldo as Head of...

Posted: Apr 11, 2025

Flood insurance protection gap widening in central Appalachia: Neptune

Reinsurance News

Catastrophic flooding in early 2025 has highlighted the growing flood risk across Kentucky, Tennessee, and West Virginia, however, flood insurance participation is rapidly declining from an already low base, leaving the region financially exposed,...

Posted: Apr 11, 2025

Lawsuit Alleging Environmental Racism in Louisiana Parish Allowed to Proceed

Insurance Journal

A civil rights lawsuit alleging a south Louisiana parish engaged in racist land-use policies by placing polluting industries in majority-Black communities can move forward, a federal appellate court says. On Thursday, the 5th U.S. Circuit Court of Ap...

Posted: Apr 11, 2025

Cleanup Underway in Keystone Oil Pipeline Spill in North Dakota

Insurance Journal

Trucks and workers started cleaning up the Keystone oil pipeline spill in rural North Dakota, though its cause and the project timing is unclear. The pipeline ruptured Tuesday morning in southeastern North Dakota and was shut down within two minutes...

Posted: Apr 11, 2025

Amish Communities Quickly Repair Tornado Damage in Michigan and Indiana

Insurance Journal

No contractors, no repair estimates, no haggling with the insurance company: After a tornado struck an Amish community in Michigan, the work was underway even before the National Weather Service could assess the damage. Meteorologists make site visit...

Posted: Apr 11, 2025

Helix establishes new Professional Lines led by Matt Irvine as CUO

Reinsurance News

Bermuda-domiciled independent, multi-line managing general agent, Helix Underwriting Partners Ltd., has expanded its specialist offering by launching a new Professional Lines unit, led by Matt Irvine as Chief Underwriting Officer (CUO). Backed by...

Posted: Apr 11, 2025

UN Shipping Agency Strikes Deal on Fuel Emissions, Pollution Fees

Insurance Journal

Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector, which will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels. The U.S. …

Posted: Apr 11, 2025

Update: UN Shipping Agency Strikes Deal on Fuel Emissions, CO2 Fees

Insurance Journal

Countries at the U.N. shipping agency struck a deal on Friday on a global fuel emissions standard for the maritime sector, which will impose an emissions fee on ships that breach it and reward vessels burning cleaner fuels. The U.S. …

Posted: Apr 11, 2025

North American insurers poised to withstand current market volatility: S&P

Reinsurance News

North American insurers’ robust capital and liquidity buffers will allow them to withstand the current market volatility, including tariff-related downturns, without an immediate impact to ratings or outlooks, S&P Global Ratings highlighted in...

Posted: Apr 11, 2025

ISC acquires TravelInsurance.com

coverager

ISC will leverage its capacity, resources, and technology to expand TravelInsurance.com’s footprint.

Posted: Apr 11, 2025

No Insurance Needed, Amish Quickly Repair Tornado Damage in Michigan and Indiana

Carrier Management

No Insurance Needed, Amish Quickly Repair Tornado Damage in Michigan and Indiana No contractors, no r...

Posted: Apr 11, 2025

Poor Background Music Choices Can Negatively Impact Work Performance

Carrier Management

Poor Background Music Choices Can Negatively Impact Work Performance A new study shows that when b...

Posted: Apr 11, 2025

Remote Access Tools, Supply Chain Key Drivers of Cyber Claims: Report

Carrier Management

Remote Access Tools, Supply Chain Key Drivers of Cyber Claims: Report Ransomware incidents continue t...

Posted: Apr 11, 2025

Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk

Carrier Management

Roof Repair and Replacement Costs Up Nearly 30% Since 2022: Verisk Roof repair and replacement cost...

Posted: Apr 11, 2025

Liberty Mutual CEO Sweeney Elected Chairman, Long Steps Away

Carrier Management

Liberty Mutual CEO Sweeney Elected Chairman, Long Steps Away Liberty Mutual's Timothy M. Sweeney, preside...

Posted: Apr 11, 2025

Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses: Allianz

Carrier Management

Rising Civil Unrest, Political Violence Remain Top 10 Risk for Global Businesses...

Posted: Apr 11, 2025

Arthur J. Gallagher Completes Buy of Woodruff Sawyer

Insurance Journal

Just over a month since insurance brokerage Arthur J. Gallagher & Co. said it had a definitive agreement in place to buy Woodruff Sawyer for $1.2 billion, the deal is closed. Gallagher said April 10 that the acquisition of San …

Posted: Apr 11, 2025

BHSI names North America casualty leaders

Reinsurance News

Berkshire Hathaway Specialty Insurance Company (BHSI), a division of Warren Buffett’s Berkshire Hathaway, has announced a number of leadership moves in its North America casualty business. Based in Chicago, Matt Hale will be overseeing BHSI’...

Posted: Apr 11, 2025

Capital flows & Florida reforms point to lower pricing at June 1 renewals

Reinsurance News

Given the recent strong results that are driving capital flows, along with Florida reforms that have proven highly effective, analysts from Citizens JMP Securities expect pricing at the June 1 renewals to decrease modestly. Readers will know that...

Posted: Apr 11, 2025

Novatae Risk Buys Up Ajax Specialty Insurance in Atlanta

Insurance Journal

Dallas-based Novatae Risk Management, part of World Insurance Associates, has purchased Ajax Specialty Insurance, a wholesaler based in Atlanta. Andy Bierbaum is the owner of Ajax. He founded the company in 2012 and in 2018 brought in co-owner and pa...

Posted: Apr 11, 2025

Markets/Coverages: Cyber MGA Resilience Launches Tech E&O Cover in UK and EU

Insurance Journal

Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers...

Posted: Apr 11, 2025

Generali GC&C promotes Pignoli to Head of ART & Parametrics

Reinsurance News

Italian insurance giant Generali’s Global Corporate & Commercial (GC&C) business unit has promoted Michele Pignoli as Head of Alternative Risk Transfer (ART) and Parametrics. Pignoli has over 13 years of insurance industry experience, havi...

Posted: Apr 11, 2025

Hopes of ‘Brexit Benefit’ From Tariffs in UK Were Short-Lived

Insurance Journal

The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it …

Posted: Apr 11, 2025

NYC Tourist Helicopter Crashes in Hudson River, Killing Six

Insurance Journal

A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …

Posted: Apr 11, 2025

April US floods & SCS to drive hundreds of millions in insured losses: Aon

Reinsurance News

Persistent flooding and severe weather across parts of the Mississippi River Valley from April 2 to 7 are expected to result in insured losses reaching into the hundreds of millions of USD, according to Aon’s weekly catastrophe report. Continuous...

Posted: Apr 11, 2025

Sweden Ousts Top Financial Services Regulator After Public Outcry

Insurance Journal

Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest. Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, a...

Posted: Apr 11, 2025

A. J. Gallagher completes acquisition of Woodruff Sawyer

Reinsurance News

Global insurance brokerage Arthur J. Gallagher & Co. has announced that it has completed its acquisition of San Francisco, California-based Woodruff Sawyer. Woodruff Sawyer is a brokerage and consulting firm offering a full suite of commercial...

Posted: Apr 11, 2025

Markel promotes Matthew Brooke to Senior Underwriter of War and Terrorism

Reinsurance News

Markel, the insurance operations within Markel Group Inc., has announced the promotion of Matthew Brooke to Senior Underwriter, War and Terrorism, effective immediately. In his new role, Brooke will be responsible for driving the profitable expans...

Posted: Apr 11, 2025

Uncertainty Looms: The Future of OSHA and the Risks of a Decentralized Workplace Safety System

Risk & Insurance

Everything changes, but our mission remains the same: keep workers safe. The post Uncertainty Looms: The F...

Posted: Apr 11, 2025

Helios Underwriting NAV per share increases 13% in 2024

Reinsurance News

Lloyds-focused investment vehicle Helios Underwriting has reported its unaudited Net Asset Value (NAV) per share has increased by 13%, to £2.14 – £140,101 million in Net Assets – for the quarter to December 31, 2024. Comparably, Helios...

Posted: Apr 11, 2025

Aon appoints Erlantz Urbieta as Chief Broking Officer for EMEA

Reinsurance News

Global insurance and reinsurance broker Aon has appointed Erlantz Urbieta as Chief Broking Officer (CBO) for Europe, the Middle East and Asia (EMEA), effective immediately. Urbieta succeeds Terence Williams, who will assume the role of Head of Com...

Posted: Apr 11, 2025

Reinsurers to weather tariff-induced market volatility with minimal impact: S&P

Reinsurance News

Global reinsurers will experience only a minor impact from declines in global equity markets triggered by tariffs and counter-tariffs imposed by the U.S. and other nations, thanks to their conservative investment strategies, says S&P. Last wee...

Posted: Apr 11, 2025

Ethos Capital, BCI & White Mountains acquire stake in broker BroadStreet

Reinsurance News

An investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group will acquire an ownership position in BroadStreet Partners. Under the terms of the agreement, Ontario Teachers’ P...

Posted: Apr 11, 2025

Sarah Palin, New York Times to Face Off in Defamation Retrial

Insurance Journal

Sarah Palin and the New York Times are headed back to a courtroom where the former Alaska governor and Republican vice presidential candidate will try convincing a second jury the newspaper defamed her in an editorial about gun control. A …

Posted: Apr 11, 2025

Kay Swinburne named Independent Chair of ABI

Reinsurance News

Baroness Kay Swinburne has been appointed as the new independent Chair of the Association of British Insurers (ABI), taking over from Baroness Nicky Morgan, who was the inaugural holder of the position. The role of independent Chair was introduced...

Posted: Apr 11, 2025

People Moves: Willis Names Spinelli Head of Transactional Insurance Claims; Amadori Joins Zurich Fro...

Insurance Journal

Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertica...

Posted: Apr 11, 2025

People Moves: Willis Names Spinelli Head of Transactional Claims; Amadori Joins Zurich From Markel t...

Insurance Journal

Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertica...

Posted: Apr 11, 2025

Rising civil unrest and protest activity become key concerns for insurers: Allianz Commercial

Reinsurance News

Civil unrest and protest activity have become a key concern for companies and insurers around the world, a recent report by Allianz Commercial has revealed. According to the Allianz Risk Barometer 2025, businesses have ranked political risks and v...

Posted: Apr 11, 2025

Buffett’s Duracell Sued by BASF Over Lithium Battery Secrets

Insurance Journal

Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit...

Posted: Apr 11, 2025

People Moves: World Insurance Names Robinson SE Revenue Leader

Insurance Journal

James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced. Robinson has more than 20 years of experience in the insurance industry and recently was senior...

Posted: Apr 11, 2025