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Orion180 launches FLEX Home Insurance in Florida

coverager

In February, Orion180 launched the coverage in Texas.

Posted: Apr 08, 2025

Global Reinsurance Reaches Record Numbers in 2024: Gallagher Re

Risk & Insurance

Global reinsurance capital surged in 2024 and looks to grow by 6% in 2025, according to Gallagher Re's 2024 Reinsurance Market Report. The post

Posted: Apr 08, 2025

New Mexico Insurance Department Moving to Increase FAIR Plan Limits

Insurance Journal

New Mexico Superintendent of Insurance Alice Kane increased maximum residential property insurance limits for policies from $350,000 to $750,000 through the New Mexico Fair Access to Insurance Requirements Plan. The move was adopted by the NM FAIR Pl...

Posted: Apr 08, 2025

US Trade Rep Faces Bipartisan Questions on Scope and Duration of Tariffs

Insurance Journal

U.S. Trade Representative Jamieson Greer told U.S. senators on Tuesday that President Donald Trump’s administration has no plans to change tactics on the global tariff program in the near term, prompting some light push back from Republican law...

Posted: Apr 08, 2025

Gov. Moore Swears In Executive Team Including Insurance Commissioner Grant

Insurance Journal

Maryland Governor Wes Moore this week swore in eight new executive leaders, each confirmed by the Senate during the 2025 legislative session, to fill key positions across state government. Among them was Insurance Commissioner Marie Grant, who joined...

Posted: Apr 08, 2025

Sutton National & Bamboo complete reinsurance renewal with new sidecar & cat bond

Reinsurance News

Property and casualty insurer Sutton National and Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, Ltd., have announced the completion of Bamboo’s reinsurance programme, which includes a debut catastrophe bond a...

Posted: Apr 08, 2025

People Moves: NFP Names D’Agostino Senior Vice President

Insurance Journal

NFP, an Aon company headquartered in New York City, named Joseph D’Agostino as senior vice president, property and casualty. D’Agostino has nearly two decades of experience supporting hundreds of companies in navigating IPOs, acquisitions...

Posted: Apr 08, 2025

Maine’s United Insurance Acquires Barresi Financial

Insurance Journal

Portland, Maine-based United Insurance announced it has acquired Barresi Financial, a financial services and retirement advisory firm with offices in Bangor and Presque Isle. Barresi’s 10 associates will join United, according to Zack Frechette...

Posted: Apr 08, 2025

Singapore Customer Data Exposed After Ransomware Attack on Vendor of DBS, BoC

Insurance Journal

Some customer information from Singapore’s DBS Group and Bank of China’s branch in the country has potentially been compromised after a ransomware attack on their data vendor Toppan Next Tech (TNT). DBS said on Monday customer statements...

Posted: Apr 08, 2025

SageSure and Auros close upsized $150m cat bond

Reinsurance News

SageSure, a managing general underwriter (MGU) focused on catastrophe-exposed markets, and Auros Reciprocal Insurance Exchange, a policyholder-owned insurer, have closed their Gateway Re Series 2025-2 catastrophe bond, securing $150 million in cov...

Posted: Apr 08, 2025

Louisville, Other Parts of Kentucky Brace for More Flooding as Rivers Crest

Insurance Journal

The Ohio River is expected to crest Tuesday night at historically high levels, exacerbating flooding that has already swamped hundreds of homes, businesses and restaurants in Louisville and other parts of Kentucky. While heavy rains have moved on, ri...

Posted: Apr 08, 2025

Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers

Insurance Journal

Insurance industry analysts, economists, and trade associations have continued to look at the potential effect of President Trump’s tariffs. About a month after Trump looked to impose steep tariffs on China, Mexico, and Canada, the administrati...

Posted: Apr 08, 2025

S&P upgrades Global Atlantic’s ratings on strong capital

Reinsurance News

S&P Global Ratings has raised the financial strength and issuer credit ratings of Global Atlantic Financial Group’s (GAFG) operating insurance entities to ‘A’ from ‘A-‘, assigning a stable outlook. Concurrently, t...

Posted: Apr 08, 2025

UK Urged to Give Companies Incentives to Hire the Long-Term Sick

Insurance Journal

The UK government needs to consider more perks for businesses and employees if it’s serious about getting the long-term sick back into the country’s workforce, two think-tanks said. Chancellor of the Exchequer Rachel Reeves should give fi...

Posted: Apr 08, 2025

Triple figure growth for Wrisk

coverager

Insurtech Wrisk achieves third consecutive year of revenue growth, with triple figure increase in 2024

Posted: Apr 08, 2025

Making the Case for Investing in Your Distribution Channel Management

coverager

Every day that you bootstrap your producer licensing could be the day that a license lapses and costs you $20,000 in state fines.

Posted: Apr 08, 2025

Lockton partners with Axio

coverager

The integration will empower Lockton's cyber brokers with detailed and real-time analysis.

Posted: Apr 08, 2025

Resilience expands capacity with Accredited Insurance

coverager

The company is expanding its cyber risk solutions to serve large enterprise accounts with revenue greater than $10 billion.

Posted: Apr 08, 2025

Willis launches new professional indemnity solution

coverager

The exclusive ProXS solution includes competing panels from Lloyds and company markets.

Posted: Apr 08, 2025

Guardian and Janus Henderson announce partnership

coverager

In February, Orion180 launched the coverage in Texas.

Posted: Apr 08, 2025

Willis launches new Professional Indemnity solution with CCY40m capacity

Reinsurance News

Willis, a WTW business, has launched ProXS, a new Professional Indemnity solution with a CCY40m capacity, designed to provide enhanced and cost-effective coverage for professional companies. The ProXS solution includes competing panels from Lloyds...

Posted: Apr 08, 2025

Westfield Specialty Intl. adds Nate Field to casualty reinsurance team

Reinsurance News

Westfield Specialty International, a provider of specialised insurance solutions, has expanded its reinsurance team with the appointment of Nate Field as Class Underwriter in casualty treaty reinsurance. Field will be based in London, and brings a...

Posted: Apr 08, 2025

Reinsurance sector ROE drops in 2024, though remains strong: Gallagher Re

Reinsurance News

Gallagher Re’s full year 2024 reinsurance market report, which analyses capital and profitability trends in the global reinsurance sector, highlights a 17% return on equity (ROE) for 2024, down from 19.5% in the previous year. Despite this d...

Posted: Apr 08, 2025

Japan Warns Potential Megaquake Could Kill Nearly 300,000

Carrier Management

Japan Warns Potential Megaquake Could Kill Nearly 300,000 A lon...

Posted: Apr 08, 2025

Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastrophe Models

Carrier Management

Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastro...

Posted: Apr 08, 2025

QRG appoints Dennis Gattinger as Head of Europe

Reinsurance News

Quick Ralf & Grant (QRG), a specialist insurance group and Lloyd’s broker, has announced the appointment of Dennis Gattinger as Head of Europe. In his new role, Gattinger will report to Robert Ralf, CEO of QRG, and will be based in Barcelona....

Posted: Apr 08, 2025

China Calls for Smart Driving Vigilance After Fatal Crash of Xiaomi Corp. EV

Insurance Journal

Chinese authorities warned drivers to stay vigilant and reduce the use of advanced driver-assistance technology during the Qing Ming Festival holiday, after three people died in an accident involving a Xiaomi Corp. electric car just over a week ago....

Posted: Apr 08, 2025

Lockton partners with Axio to enhance cyber risk analytics

Reinsurance News

Independent insurance broker Lockton has announced a strategic partnership with Axio, a provider of cyber risk quantification solutions, to enhance cyber risk analytics. This collaboration provides organisations with the tools they need to better...

Posted: Apr 08, 2025

Broker BMS Appoints Former Hannover Re Executive Henchoz as Chairman of Board

Insurance Journal

BMS Group, the London-based specialist insurance and reinsurance broker, announced the appointment of Jean-Jacques Henchoz to the role of chairman of the board, effective May 1, 2025. Henchoz was most recently the CEO and chairman of the Executive Bo...

Posted: Apr 08, 2025

SM RE to expand global reach beyond Africa and Asia

Reinsurance News

SM Reinsurance Company (SM RE), a Dubai-based specialist reinsurer, has announced plans to expand its operations and target markets beyond Africa and Asia to support continued growth. Since its inception on June 1, 2023, SM RE has experienced rapi...

Posted: Apr 08, 2025

Markets/Coverages: Resilience to Expand Cyber Capacity With Accredited

Insurance Journal

Resilience is expanding the availability of its cyber risk solutions to serve large enterprise accounts with revenue greater than $10 billion. The expanded underwriting authority provides broker partners with more options in addressing clients’...

Posted: Apr 08, 2025

PRA consultation aims to help insurers accelerate investment in UK

Reinsurance News

The Prudential Regulatory Authority (PRA) has launched a consultation to help insurers accelerate investment in the United Kingdom. In its consultation paper the PRA proposes rules to reform the Matching Adjustment (MA) application process by intr...

Posted: Apr 08, 2025

Fidelis sees outlook revision amid adverse aviation development & wildfire losses

Reinsurance News

S&P Global Ratings has revised its outlook on Fidelis to stable from positive, citing significant Q4 2024 aviation-related losses from the Russia-Ukraine conflict and $160-$190 million in losses from the January 2025 California wildfires. As a...

Posted: Apr 08, 2025

Resilience partners with Accredited to expand capacity of cyber risk solutions

Reinsurance News

Cyber risk solutions firm Resilience has expanded its capacity to provide cyber risk solutions to large enterprise accounts with revenue of more than $10 billion through a partnership with Accredited Insurance Holdings, a global programme manager....

Posted: Apr 08, 2025

AM Best revises London Market insurance segment outlook to stable

Reinsurance News

AM Best has revised its outlook for the London Market insurance segment from positive to stable, citing emerging signs of a softening pricing environment. “Although the pricing environment for most business lines remains adequate and support...

Posted: Apr 08, 2025

How Westfield is Implementing AI in Claims

Insurance Journal

Identifying the needs and pain points of customers and then developing solutions to better service them and other company partners—those are the most important promises that artificial intelligence and new technologies hold for those overseeing an on...

Posted: Apr 08, 2025

How Westfield Is Implementing AI in Claims

Insurance Journal

Identifying the needs and pain points of customers and then developing solutions to better service them and other company partners—those are the most important promises that artificial intelligence and new technologies hold for those overseeing an on...

Posted: Apr 08, 2025

MS&AD to sell Challenger shares to TAL Dai-ichi Life Australia

Reinsurance News

Japanese insurance group MS&AD Insurance Holdings, the parent of the Mitsui Sumitomo insurance entities, has agreed to sell all of its shares in Australian financial services company with annuities and fund management businesses, Challenger Li...

Posted: Apr 08, 2025

Transforming Lives: James Dick’s Role in Empowering Nonprofits for the Homeless

Risk & Insurance

Brokering for the homeless takes a strong insurance mindset and a gracious soul. Enter James Dick of Gallagher. The post T...

Posted: Apr 08, 2025