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Ryan Specialty Underwriting Managers names Ferguson CEO of US Assure

Reinsurance News

Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has announced the appointment of Alan Ferguson as Chief Executive Officer of US Assure, effective September 1, 2025. Ferguson, who will continue t...

Posted: Aug 29, 2025

kWh Analytics adds new $20m capacity layer to nat cat solution for renewable energy industry

Reinsurance News

kWh Analytics, a climate insurer and risk manager for renewable energy projects, through its licensed insurance entity, Solar Energy Insurance Services, Inc., has expanded its portfolio with a new Excess Natural Catastrophe coverage to protect the...

Posted: Aug 29, 2025

Heavy Rain Causes Flooding, Landslides and Deaths in Vietnam and Thailand

Insurance Journal

Heavy rain caused flooding and landslides Wednesday in parts of Southeast Asia, where at least eight deaths were reported in the aftermath of a tropical storm. Flooding occurred in several northern and central provinces of Vietnam, where seven people...

Posted: Aug 29, 2025

NA P&C re/insurers post strong operating results despite catastrophes: Fitch

Reinsurance News

Fitch Ratings’ review of GAAP financial results for 41 North American (NA) re/insurers showed strong operating returns, strong underwriting results, and higher investment income in the first half of 2025, despite elevated catastrophe activity. Fit...

Posted: Aug 29, 2025

Kenya’s Britam Seeks More African Expansion After Imminent Congo Entry

Insurance Journal

Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue. Britam Holdings Ltd., which already has operations in seven African nations, will...

Posted: Aug 29, 2025

China Re’s net profit rises 11.4% to RMB 6.6bn in H1’25

Reinsurance News

China Reinsurance (Group) Corporation (China Re) released its unaudited results for the first half of 2025, reporting a net profit of RMB 6,599 million, up 11.4% from RMB 5,922 million in the same period a year earlier. The Group achieved gross wr...

Posted: Aug 29, 2025

Markets/Coverages: Liberty Mutual Re, Safehub Launch Parametric EQ Insurance Cover

Insurance Journal

Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM R...

Posted: Aug 29, 2025

AXA and WTW launch parametric programme to protect Caribbean’s second-largest coral reef

Reinsurance News

AXA COLPATRIA, AXA Climate, Fondo Acción, and WTW Alternative Risk Transfer, have jointly designed a parametric insurance programme to protect coral reefs in the Colombian Archipelago of San Andrés, Providencia and Santa Catalina. In this effort,...

Posted: Aug 29, 2025

Allianz Trade appoints Tetsushi Kitano as Country Manager for Thailand

Reinsurance News

Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has appointed company veteran, Tetsushi Kitano as Country Manager for Thailand, effective September 1st, 2025. The appointment aligns with Allianz Trade’s str...

Posted: Aug 29, 2025

Ledgebrook Re launches under the leadership of market veterans

Reinsurance News

Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has launched Ledgebrook Re, a boutique reinsurance brokerage and advisory firm dedicated to supporting the next generation of insurance innovators. Le...

Posted: Aug 29, 2025

Mitsui Sumitomo Insurance launches parametric weather insurance product

Reinsurance News

Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings, has announced the launch of its new parametric insurance product, “Weather Insurance Index”, a new offering designed to help insurers manage financial losse...

Posted: Aug 29, 2025

Canada’s 2023 Wildfires Pushed Air Pollution to Decade-Level Highs

Insurance Journal

Canada’s record-breaking 2023 wildfire season led to a spike in air pollution in the country and in the US, erasing recent progress in cleaning up the air, according to new analysis. The wildfires, which burned 42 million acres of Canadian &#82...

Posted: Aug 29, 2025

S&P upgrades Ascot Group to BBB+ and assigns ‘A’ to Ascot Bermuda

Reinsurance News

S&P Global Ratings has upgraded Ascot Group Limited, a Bermuda-based specialty re/insurance company, raising its long-term issuer credit rating to BBB+ from BBB. At the same time, S&P assigned an A long-term financial strength rating to As...

Posted: Aug 29, 2025

Climate Change Made Turkey, Greece Wildfires 10 Times More Likely: Scientists

Insurance Journal

The wildfires that raged across Greece, Turkey and Cyprus this summer were 22% more intense and 10 times more likely than they would have been in a world without climate change, according to scientists. The extremely hot, dry and windy …

Posted: Aug 29, 2025

European ‘Big Four’ maintain property cat appetite in 2025: AM Best

Reinsurance News

The European “Big Four” reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—still have appetite for property catastrophe, despite market conditions beginning to show signs of softening, according to a recent AM Best report. The ratings agency not...

Posted: Aug 29, 2025

Sierra Club Received Sex Harassment Complaint About Then-Chief Earlier This Year

Insurance Journal

A Sierra Club employee filed a workplace misconduct complaint earlier this year with the board of directors alleging that then-executive director Ben Jealous engaged in sexual harassment and bullying. The employee’s complaint, reviewed by Bloom...

Posted: Aug 29, 2025

HDI Global appoints Nikita Tikhonov as Head of Marine Global Risk

Reinsurance News

HDI Global, a commercial and specialty lines insurer, has announced the appointment of Nikita Tikhonov as its new Head of Marine Global Risk, effective 1st September, 2025. Based at HDI Global’s Hannover, Germany headquarters, Tikhonov will...

Posted: Aug 29, 2025

AM Best Affirms A+ Financial Strength Rating for Allstate Group Members

Insurance Journal

Insurance industry rating agency AM Best on Thursday affirmed the financial strength rating of A+ (Superior) for the Allstate Insurance Group. The Oldwick, N.J.-based firm noted Allstate’s “favorable market position in the private passeng...

Posted: Aug 29, 2025

US, Allies Step Up Fight Against North Korean Cyber Activities

Insurance Journal

The US, Japan and South Korea pledged to intensify efforts to block North Korea’s use of overseas IT workers to raise money for its weapons programs, warning that Pyongyang’s operatives are using increasingly sophisticated tactics to evad...

Posted: Aug 29, 2025

A Mississippi City’s Tax Break Spurred Post-Katrina Building. But Will Homes Stand?

Insurance Journal

GULFPORT, Miss. (AP) — Rocking on his front porch overlooking the Mississippi Sound, former Gulfport Mayor Billy Hewes questions how anyone wouldn’t want to live there. “People are always going to gravitate to the water,” he said. &...

Posted: Aug 29, 2025

New Vermont Law Halts Public Funds for Religious Schools. Is Litigation Ahead?

Insurance Journal

Since 2021, religious schools in Vermont have been receiving an increasing amount of money through Vermont’s school tuitioning program. But Act 73, Vermont’s wide-ranging education reform law signed into law in July, effectively halts tha...

Posted: Aug 29, 2025

Aspire in California Secures Strategic Debt Financing from Comvest Partners

Insurance Journal

Aspire General Insurance announced the completion of a strategic debt financing agreement with Comvest Partners. The investment will enhance California-based Aspire’s capital position, enabling expanded capabilities, deeper market penetration,...

Posted: Aug 29, 2025

Aspire in California Secures Strategic Debt Financing From Comvest Partners

Insurance Journal

Aspire General Insurance announced the completion of a strategic debt financing agreement with Comvest Partners. The investment will enhance California-based Aspire’s capital position, enabling expanded capabilities, deeper market penetration,...

Posted: Aug 29, 2025

People Moves: Mize to Lead IMA’s Wichita Office, Jamison Takes on New Enterprise Role

Insurance Journal

IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, wholesale brokerage and wealth management, has named Dan Mize as its new Wichita market president, effective Aug. 15. Jeff Jamison, who previously h...

Posted: Aug 29, 2025

People Moves: Mize to Lead IMA’s Wichita Office, Jamison Takes on Enterprise Role

Insurance Journal

IMA Financial Group, Inc., a North American insurance brokerage firm specializing in risk management, wholesale brokerage and wealth management, has named Dan Mize as its new Wichita market president, effective Aug. 15. Jeff Jamison, who previously h...

Posted: Aug 29, 2025

Husband and Wife Insurance Agents Charged With $700K Fraud Scheme

Insurance Journal

A Massachusetts couple was arrested this week for their alleged involvement in a scheme that defrauded at least 50 individuals or insurance providers of more than $700,000 through their insurance agency, BL Insurance Brokerage, LLC. Brendan Lawler an...

Posted: Aug 29, 2025

People Moves: Novatae Risk Group Names Greggains as New Leader

Insurance Journal

Novatae Risk Group, the wholesale business of leading insurance brokerage World Insurance Associates, has announced that Richard Kerr, CEO, has left the firm effective Aug. 22, and its president, Nick Greggains, is assuming all of Kerr’s respon...

Posted: Aug 29, 2025

Vermont Seeks Federal Disaster Declaration for July Rainstorm Damage

Insurance Journal

Vermont Governor Phil Scott has submitted a formal request to President Donald J. Trump for a major disaster declaration to help communities in Caledonia and Essex counties recover costs for repairing public infrastructure damage caused by rainfall a...

Posted: Aug 29, 2025

Nature’s Call: The Rising Popularity of Outdoor Adventures

Risk & Insurance

Explore the surge in outdoor recreation and its impact on the insurance industry. The post Nature’s Call: The Rising Popularity o...

Posted: Aug 28, 2025

Cyber Outlook Report Finds Gaps, Outlines Holistic Approach to Protections

Carrier Management

Cyber Outlook Report Finds Gaps, Outlines Holistic Approach to Protections...

Posted: Aug 28, 2025

Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access

Carrier Management

Sompo to Acquire Aspen for $3.5 Billion to Expand Global Access Sompo Hol...

Posted: Aug 28, 2025

Accelerant announces second quarter results

coverager

The company generated a net income of $13 million in the quarter.

Posted: Aug 28, 2025

Google introduces Pixel Care+

coverager

The program, which is available for Pixel phones, watches, tablets, and Fitbit devices, can be added within 60 days of purchase.

Posted: Aug 28, 2025

Eleos Life Introduces Theea, an AI Co-Pilot for Life Insurance

IIR

Theea provides real-time, plain-language support to help consumers understand and choose life insurance coverage in the U.S. and U.K.

Posted: Aug 28, 2025

Celent Warns: Insurance Must Embrace Liquid Risk Paradigm

IIR

In a new report, Celent analyst Fabio Sarrico argues insurers face an existential shift in the very nature of risk—and urges them to rethink protection.

Posted: Aug 28, 2025

Kinetic Insurance Scales with Novidea’s Workers’ Comp Solution

IIR

By pivoting from injury-prevention devices to underwriting, Kinetic built a data-rich model that integrates technology and insurance on Novidea’s flexible platform.

Posted: Aug 28, 2025

Tinubu Innoveo Aims for Leadership in Specialty Insurance Systems

IIR

Backed by new funding and an expanded global footprint, Tinubu Innoveo is pursuing its goal of becoming the leading specialty insurance technology provider, with Vinod Kachroo highlighting speed-to-market, configurability, and scalable solutions.

Posted: Aug 28, 2025

IBM and ABBYY Expand Partnership to Advance KYC Automation

IIR

The integration of AI from both firms enables financial institutions to automate Know Your Customer workflows with end-to-end orchestration and real-time compliance monitoring.

Posted: Aug 28, 2025

Telecom Outage Halted Arriving Flights at Newark Airport, FAA Says

Insurance Journal

A telecom frequency outage prompted the Federal Aviation Administration Thursday to halt arriving flights at Newark Liberty International Airport for more than an hour, the latest tech issue to snarl flights at the airport near New York City. Flightr...

Posted: Aug 28, 2025

AGENTS, BROKERS, AND INSURTECH

Rough Notes

Providing customers with the right tools, resources and experiences can amplify an independent agent’s value By Lori Widmer It seems that for years there have been those forecasting the demise of independent agents and brokers. The growth of direct w...

Posted: Aug 28, 2025

Organized Ring Responsible for an Estimated $10M in Home Depot Thefts Busted

Carrier Management

Organized Ring Responsible for an Estimated $10M in Home Depot Thefts Busted Nine defendants are ac...

Posted: Aug 28, 2025

Top 5 strategies for commercial-line and employee benefits producers alike

Rough Notes

DIFFERENTIATE YOUR BROKERAGE THROUGH PROGRAM DESIGN To be a top-flight consultant of any type and cement your role as a strategic partner, you need to master advanced program-design levers and tighten protections for your client. By Michael Wayne Jul...

Posted: Aug 28, 2025