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165 deals were transacted from 1 July to 31 December 2024 in the DB pension scheme risk transfer market, with a total value of £32.6 billion, marking a record-breaking second half of the year, according to a recent Hymans Robertson report. This be...
Posted: Apr 09, 2025
With the Los Angeles fires in January and last week’s severe storms that brought flooding and tornadoes to the Midwest, extreme weather is already battering US homes in 2025. Homeowners should expect their insurance rates to jump accordingly, s...
Posted: Apr 09, 2025
About 50% more pedestrians were killed during the first six months of 2024 compared to a decade ago, although the number is down 2.6% from the prior year. According to a report breaking down deaths by state published by the …
Posted: Apr 09, 2025
About 50% more pedestrians were killed during the first six months of 2024 compared to a decade ago, although the number is down 2.6% from the prior year. According to a report breaking down deaths by state published by the …
Posted: Apr 09, 2025
The Lloyd’s Market Association (LMA) has announced the addition of two new representatives to its board: Bethany Greenwood, CEO of Beazley Furlonge Limited and Beazley’s Group Head of Specialty Risks, and Emma Woolley, CEO of Talbot Underwriting L...
Posted: Apr 09, 2025
Moody’s Ratings, a credit rating agency that provides independent analysis and ratings on a wide range of financial instruments, has released a new report examining the effects of recent market fluctuations on the solvency of European insurers. Th...
Posted: Apr 09, 2025
Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed James Dickerson in a global role as Head of Retrospective Reinsurance & Legacy Solutions, strengthening its Capital Advisory Practice. Dickerson will be bas...
Posted: Apr 09, 2025
Jazz Pharmaceuticals JAZZ.O said on Tuesday that it had agreed to a settlement of $145 million to resolve a series of antitrust lawsuits related to its narcolepsy drug, Xyrem. Xyrem, a medication approved in the U.S., is used for the …
Posted: Apr 09, 2025
Global insurance and reinsurance broker Aon has announced the appointment of Luke Proctor as Head of Reinsurance Analytics for UK and Bermuda. “Analytics is fundamental to how we understand risk here at Aon. Luke will be leading the strategic dire...
Posted: Apr 09, 2025
Paratus Holdings Limited, a specialist re/insurer focused on energy price risk, and Low Carbon, a renewable energy developer and Independent Power Producer (IPP), have announced a strategic agreement to manage power price exposure across Low Carbo...
Posted: Apr 09, 2025
Fine arts insureds face historic losses from the Palisades fire. The post A Monumental Loss: Fine A...
Posted: Apr 09, 2025
Lloyd’s global re/insurer MS Amlin has appointed John Gately as Head of Strategy, Financial Planning, and Performance. Gately has two decades of insurance sector experience, having begun his career at KPMG. He has since held various senior roles,...
Posted: Apr 09, 2025
The U.S. Department of Labor reached an agreement with Jamesport roofing contractor John Troyer after a federal investigation determined he violated federal laws, resulting in a teen worker’s fatal fall in March 2023. The department’s Occ...
Posted: Apr 09, 2025
The Cayman Islands international insurance sector contributes CI$233 million annually to the economy, according to a recent study by The Insurance Managers Association of Cayman (IMAC) and Cayman Finance. The report, conducted by FTS with input fr...
Posted: Apr 09, 2025
Texas’ renewable energy industry is booming. Accounting for nearly 90% of new electrical generation, wind, solar and battery storage industries have established themselves as a reliable source of energy for the state’s grid — and position...
Posted: Apr 09, 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has appointed Marc Amen as Chief Executive Officer (CEO) North America, effective later this year, after he completes his current obligations. In the new role, Amen will be responsible for...
Posted: Apr 09, 2025
risktec Ltd, a Swiss technology and advisory firm specialising in the re/insurance and risk industries, marks its three-year anniversary with the launch of integre, a new solution designed to meet the evolving needs of the reinsurance market. Foun...
Posted: Apr 09, 2025
Ascot, a Bermuda-domiciled global specialty insurer, has appointed Christopher McKeon to lead the company’s new U.S. Middle Market Loss Sensitive Casualty segment. Reporting to David Zimmerman, Executive Vice President, Primary Casualty, McKeon wi...
Posted: Apr 09, 2025
Fiducia, a Leeds-domiciled specialty insurance managing general agent (MGA), has expanded its combined liabilities insurance risk appetite to include a range of contractor clients for UK brokers. The expanded coverage will include builders, ground...
Posted: Apr 09, 2025
South Bow Corp.’s Keystone oil pipeline has been shut after a spill in southeast North Dakota, curtailing a conduit that carries as much as 15% of Canada’s crude exports to the US. The pipeline was shut within two minutes after …
Posted: Apr 09, 2025
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Pantea Vaziri as its new Global Head of Risk Engineering Services (RES). In the new role, Vaziri will continue to enhance Swiss Re Corporate So...
Posted: Apr 09, 2025
Allianz Commercial, headquartered in New York City, expanded its U.S. construction team with five new hires who will join Allianz Commercial’s Master Builder’s Risk team by mid-April. Kristen Hoskinson was appointed executive underwriter...
Posted: Apr 09, 2025
Allianz Commercial, headquartered in New York City, expanded its U.S. construction team with five new hires who will join Allianz Commercial’s Master Builder’s Risk team by mid-April. Kristen Hoskinson was appointed executive underwriter...
Posted: Apr 09, 2025
The U.S. Justice Department is disbanding its National Cryptocurrency Enforcement Team and ordering prosecutors to narrow crypto investigations to focus on drug cartels and terrorist groups, according to a memo seen by Reuters. The memo from Deputy A...
Posted: Apr 09, 2025
On March 19, 2025, the U.S. Department of Justice (DOJ) Office of Public Affairs issued a press release announcing two technical assistance documents jointly released by the U.S. Equal Employment Opportunity Commission (EEOC) and the DOJ. The stated...
Posted: Apr 09, 2025
The rate of California workers’ compensation medical treatment request denials being overturned was up slightly last year, but they are still a relatively rare occurrence, a new report shows. Denials were overturned at a rate of 12.7%, an incre...
Posted: Apr 09, 2025
Mezzo-soprano Anita Rachvelishvili sued the Metropolitan Opera and her union, alleging the company unlawfully terminated her contracts because of a vocal issue that developed after she gave birth. She also accused the union of failing to pursue a gri...
Posted: Apr 09, 2025
Broker Insights, a provider of insurance data analytics and market intelligence, has revealed a major update to its insurance decision intelligence platform, Broker Insights VISION. 2024 marked a milestone year for Broker Insights, with Gross Writ...
Posted: Apr 09, 2025
The parents of a freshman Bucknell University football player who died after his first day of football practice in 2024 have filed a wrongful death lawsuit against the school, its administrators, and athletic coaches who, they allege, could have prev...
Posted: Apr 09, 2025
Danny Reeder joined Alliant Insurance Services as vice president within its employee benefits group. Based in Utah, Reeder has more than 13 years of leadership experience in executive consulting, account management and benefits strategy. Prior to All...
Posted: Apr 09, 2025
QBE launches two new coverage enhancements in the face of regulatory enforcement of cyber incident reporting shortcomings. The post
Posted: Apr 08, 2025
The integration aims to accelerate risk assessment and quoting with AI-powered document processing.
Posted: Apr 08, 2025
The certification affirms Ushur’s adherence to rigorous data protection protocols.
Posted: Apr 08, 2025
The insurer worked with SAS to align AI oversight with ethics and compliance, to protect customers, strengthen regulatory compliance, and position the insurer for responsible innovation.
Posted: Apr 08, 2025
The recognition affirms EIS OneSuite’s alignment with modern architecture standards.
Posted: Apr 08, 2025
Colorado State University (CSU) hurricane researchers are predicting 17 named storms during the Atlantic hurricane season.
Posted: Apr 08, 2025
Keeping an existing client is far more cost-effective than chasing down a new one. But with more competition and less opportunity for face-to-face contact with customers, how can you stay top of mind?
Posted: Apr 08, 2025
Boeing Settles Lawsuits With Two 737 MAX Crash Victims’ Families U.S. plane maker Boeing Co reached...
Posted: Apr 08, 2025
USDA Opens 59% of Federal Forest for Logging to Manage Wildfire Risk Agriculture Secretary Brooke Rollins plac...
Posted: Apr 08, 2025