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Despite $40 billion in wildfire losses, competitive pressures drive pricing down while ILS capacity surges toward $114 billion in 2025: AM Best. The post
Posted: Sep 02, 2025
Envelop Risk, a data-driven cyber reinsurance and analytics specialist, has announced three new appointments: Michael Murdoch-Smith and JayLynn Hines, who will be based in Bermuda; and Sarah Kennerley, who will be based in London. Murdoch-Smith ha...
Posted: Sep 02, 2025
Willis, a business of WTW, has launched the first specialty bloodstock insurance solution with Equine MediRecord to make the purchasing of bloodstock insurance more accessible and efficient for horse owners and trainers in the UK. Willis have signed...
Posted: Sep 02, 2025
The car company run by Elon Musk asked a federal court Friday to dismiss massive damages awarded to victims of a deadly crash, arguing that their lawyers had misled the jury by improperly bringing up the billionaire during the trial. …
Posted: Sep 02, 2025
Gov. Matt Meyer vetoed a bill last Thursday that would have loosened regulations around where marijuana businesses can locate in Delaware, likely further delaying the growth of the weeks-old industry. But the governor also offered a competing proposa...
Posted: Sep 02, 2025
Moody’s has changed its outlook on the global reinsurance sector to stable from positive, noting that pricing for property reinsurance is declining as the supply/demand balance shifts toward reinsurance buyers. According to Moody’s, abundant...
Posted: Sep 02, 2025
Global reinsurance broker Gallagher Re has further invested in the Asia Pacific region by agreeing to acquire Sydney, Australia-based reinsurance broking firm Steadfast Re Pty Limited. Terms of the deal, which is expected to close in the final qua...
Posted: Sep 02, 2025
At the halfway point of 2025, global reinsurance industry capital hit a new high of $805 billion, reflecting growth of 4.8% from the end of 2024, as the underlying return on equity (ROE) of a subset of 16 reinsurers reduced but remained healthy at...
Posted: Sep 02, 2025
Aon, a global re/insurance broking group, has announced the appointment of Bonjay Koo as Enterprise Client Leader, Asia Pacific in South Korea. In his new Seoul-based role, Koo will be responsible for the delivery of integrated Risk Capital and Hu...
Posted: Sep 02, 2025
Insurance Business Magazine - US
Posted: Sep 02, 2025
Insurance Business Magazine - US
Posted: Sep 02, 2025
Insurance Business Magazine - US
Posted: Sep 02, 2025
Insurance Business Magazine - US
Posted: Sep 02, 2025
ICEYE, a global leader in satellite-powered disaster management solutions, has expanded its multi-peril change detection portfolio with the launch of an Earthquake with Fire Following capability, initially available in California. The new solution...
Posted: Sep 02, 2025
Credit ratings agency AM Best has placed the Financial Strength Rating (FSR) of Sompo Japan Insurance Inc. and its subsidiaries under review with positive implications, citing potential “material benefits in Sompo group’s business profile fo...
Posted: Sep 02, 2025
Westfield Specialty International, a specialty insurance provider, has strengthened its claims leadership with the appointment of Melanie Gilbert as Head of Third Party Claims. Based in London, Gilbert will report to Katie MacGregor, Director of O...
Posted: Sep 02, 2025
Insurer confidence in the Australian Reinsurance Pool Corporation (ARPC) remains high, according to the latest 2024/25 Insurer Customer Survey, conducted independently by ORIMA Research. Among its key findings, the survey – which captured fe...
Posted: Sep 02, 2025
Hackers on Friday broke into Sinqia, a financial technology provider owned by Evertec, attempting to steal around 420 million reais ($77.4 million) from several Brazilian financial institutions including HSBC Holdings Plc’s local operations, O...
Posted: Sep 02, 2025
Homeland Security Secretary Kristi Noem announced that she fired two dozen employees from the Federal Emergency Management Agency after a review determined significant flaws had allowed a hacker to access to FEMA’s network. The employees “...
Posted: Sep 02, 2025
The Federation of European Risk Management Associations (FERMA) has highlighted a critical gap in adequate and accessible insurance coverage to support Europe’s transition to net zero, urging the re/insurance industry to recognise its vital role i...
Posted: Sep 02, 2025
New Jersey’s governor is asking federal officials to impose restrictions on nonessential helicopter flights in his state after a New York City sightseeing helicopter broke apart in midair in April, killing six people. Gov. Phil Murphy, in an Au...
Posted: Sep 02, 2025
WhatsApp said Aug. 29 it discovered an advanced cyberespionage effort that took advantage of a chain of security vulnerabilities in the app and Apple devices to hack them. A researcher with Amnesty International said unidentified members of civic gro...
Posted: Sep 02, 2025
The number of products recalled across the U.S. in the second quarter fell 31.5% from 125.37 million units in the first quarter to 85.87 million in Q2, a new report shows. This level marked the lowest quarterly total since the …
Posted: Sep 02, 2025
A divided U.S. appeals court ruled on Friday that most of Donald Trump’s tariffs are illegal, undercutting the Republican president’s use of the levies as a key international economic policy tool. The court allowed the tariffs to remain i...
Posted: Sep 02, 2025
A Florida appeals court has put another nail in the idea that the state’s limits on attorney fees can be applied retroactively to policies issued before the landmark legislative changes were enacted in 2022 and 2023, despite arguments to the &#...
Posted: Sep 02, 2025
Players Health, a Minneapolis-based provider of athlete safety and insurance solutions, is committing 1% of its revenue to directly fund programs, equipment, and support for underserved youth through the Players Health Foundation. Launched in 2022, t...
Posted: Sep 02, 2025
As Asia’s population ages rapidly, insurers must adjust their strategies to meet the changing needs of older adults, according to Ping Ji, Matt Singleton, and Torben Swart of Swiss Re Group, a global reinsurance company that provides research and...
Posted: Sep 02, 2025
Hurricane Katrina claimed hundreds of lives, destroyed homes and changed how emergency response is dealt with forever. In this episode of “The Story Behind the AP Story,” retired Associated Press journalist Chevel Johnson Rodrigue recalls...
Posted: Sep 02, 2025
A Pennsylvania woman has been sentenced up to three years in prison for intentionally setting fire to her rented home in 2023 as a part of a scheme to collect an insurance payout. According to Pennsylvania Attorney General Dave Sunday, …
Posted: Sep 02, 2025
Eight months after the Palisades and Eaton wildfires in Los Angeles, commercial and residential policyholders continue to report unreasonably long delays, dubious denials, and conspicuously low settlements. Most prominently, the California FAIR Plan...
Posted: Sep 02, 2025
As catastrophic events increase in both frequency and severity, insurance professionals must adapt strategies to manage emerging risks and maintain strong relationships. The post
Posted: Sep 01, 2025
In this fictive scenario, a real estate investment company gets caught in a riptide when its insurance coverage is proved inadequate and misplaced. The post Jersey Shore Jumble...
Posted: Sep 01, 2025
The importance of care direction and the provider network. The post New Jersey WCMCO vs MCO appeared first on Risk & Insu...
Posted: Sep 01, 2025
Crum & Forster Upgraded to A+; Aspen, Sompo...
Posted: Sep 01, 2025
The initiative is part of Admiral’s broader investment in a sustainable, future-ready repair network.
Posted: Sep 01, 2025
Jensten serves small and medium-sized enterprises across the UK.
Posted: Sep 01, 2025
The move positions IAG as RACQ’s exclusive insurance underwriting partner.
Posted: Sep 01, 2025
Superian operates brands including Servca Group, Medicas, Synergio, and Stratify InsurTech.
Posted: Sep 01, 2025
US health insurers have come under significant pressure due to increased utilisation and higher medical costs across the industry, prompting AM Best to revise its outlook on the segment to negative from stable. In its recent report, AM Best highli...
Posted: Sep 01, 2025