All Posts
A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure. Tracey Jeffreys, 63, of the Milton area, had …
Posted: Apr 04, 2025
French insurer Groupama has posted its annual results for 2024, which include a net income of €961 million and an economic operating income of €954 million, up €52 million despite moderate weather loss experience. Growth in economic operating inco...
Posted: Apr 04, 2025
Insurance Business Magazine - US
Posted: Apr 04, 2025
Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak Re has been authorized to write both property/casualty and life & health business, which the company said “m...
Posted: Apr 04, 2025
The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said. Lavey has 35 years of experience in insurance and technology, including the past 19 years at Th...
Posted: Apr 04, 2025
Global insurance and reinsurance broker Aon has appointed Natalie Lim as Agriculture Retrocession Leader in Singapore. In her new role, Lim will focus on agriculture retrocession business and the development of new agriculture insurance solutions...
Posted: Apr 04, 2025
The latest people news in the industry today. The post The Hartford Announces Expansion of Roles for Two Company Executives app...
Posted: Apr 04, 2025
The latest people news in the industry today. The post Nikki Jackson Appointed Head of Learning...
Posted: Apr 04, 2025
A growing cyber protection gap is affecting small businesses, requiring a concerted effort from key industry stakeholders, including cyber brokers, underwriters, and reinsurers to help close it, according to a recent report by CyberCube. The repor...
Posted: Apr 04, 2025
The latest people news in the industry today. The post Marsh Appoints Amy Barnes as Global Head of Energy & Power appeared first on
Posted: Apr 04, 2025
The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to help lower the risk of a cyberattack and the cost to recover from one. In addition to always-on threat monitorin...
Posted: Apr 04, 2025
Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship. Such transfers are routine in the offshore …
Posted: Apr 04, 2025
Anne Hoffmans has been promoted to Executive Vice President of Program Underwriting at AM Specialty Insurance Company. Hoffmans has been part of ASIC since 2023, when she joined the company as SVP, Program Underwriting. “From developing robust eco...
Posted: Apr 04, 2025
Elizabeth Wooliston, Underwriting Director at the Lloyd’s Market Association, has noted that the tariffs recently imposed by U.S. President Donald Trump could have significant implications for insurers, including potential supply chain adjustments...
Posted: Apr 04, 2025
Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.” F...
Posted: Apr 04, 2025
WTW’s Willis business has expanded its CyXS facility, offering USD/GBP/EUR 115m of capacity through Lloyd’s syndicates and up to USD/GBP/EUR 40m from outside of the Lloyd’s marketplace. The Willis CyXS facility now includes the n...
Posted: Apr 04, 2025
Ageas Re, the reinsurance division of international insurance group Ageas, has appointed Shahrokh Shahpoori Monfared as Lead Underwriter Engineering, effective May 1st, 2025. Monfared brings extensive experience in underwriting a full spectrum of...
Posted: Apr 04, 2025
Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts. Natio...
Posted: Apr 04, 2025
According to a report from Moody’s, a global credit ratings, research, and risk analysis firm, Europe’s four largest primary insurers—Allianz, AXA, Generali, and Zurich Insurance —have reported record earnings for FY 2024, collectively...
Posted: Apr 04, 2025
Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday. Generali in January...
Posted: Apr 04, 2025
Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments...
Posted: Apr 04, 2025
Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments...
Posted: Apr 04, 2025
Sensors collecting hyper-localized data on dozens of environmental factors are helping to build a better understanding of exposure to extreme weather events, and giving insureds more opportunities to predict and prevent losses. The post
Posted: Apr 04, 2025
Canada Life, an insurance and financial services company, has announced the appointment of Shreyas Sridhar as Managing Director of Bulk Purchase Annuities (BPA), effective from 7 April 2025 and subject to regulatory approval. Additionally, Sridhar...
Posted: Apr 04, 2025
French reinsurance company SCOR said on Friday it has been placed under examination by a Paris court for facts alleged against its former chairman, Denis Kessler, in relation to Covéa Group’s acquisition of PartnerRe in 2022. SCOR said it firml...
Posted: Apr 04, 2025
Legacy acquirer DARAG Group has announced that its German insurance carrier, DARAG Deutschland AG, has entered into a portfolio transfer agreement (PTA) with Protector Forsikring ASA for its entire Danish workers’ compensation portfolio, enabling...
Posted: Apr 04, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has appointed Lindsay Hermann as the Head of Property for its Central Zone, based in Chicago. In the new role, Hermann reports to Michele Sansone, AXA X...
Posted: Apr 04, 2025
Global insurance and reinsurance broker Aon has launched its Severe Convective Storm (SCS) Five-Step Framework, a structured approach designed to help insurers mitigate weather volatility across their portfolios. Since 2015, annual US SCS insured...
Posted: Apr 04, 2025
Texas, the nation’s top trading state, is facing a weakening economic outlook as the Trump administration’s sweeping trade and immigration policies fuel worries among businesses about higher costs, reduced demand and labor shortages, acco...
Posted: Apr 04, 2025
AmRisc, a subsidiary of CRC Group, has successfully renewed Trouvaille Re Ltd., its insurance sidecar, to provide continued collateralized reinsurance capacity for its coastal commercial E&S property insurance portfolio for another underwritin...
Posted: Apr 04, 2025
Posted: Apr 04, 2025
French reinsurance company SCOR has been placed under examination for facts alleged against Denis Kessler, its former Chairman and CEO, related to alleged attempts by an association to obstruct the takeover of Bermuda-based reinsurer PartnerRe by...
Posted: Apr 04, 2025
Microsoft Corp. has pulled back on data center projects around the world, suggesting the company is taking a harder look at its plans to build the server farms powering artificial intelligence and the cloud. The software company has recently halted &...
Posted: Apr 04, 2025
Qatar Insurance Group’s UK and Bermuda-domiciled insurance subsidiary, Antares Group, recorded 54% year-on-year growth in gross written premiums (GWP) for 2024 in its core ongoing business to $1.1 billion, boosted by the addition of a sizeable rei...
Posted: Apr 04, 2025
Insurance and reinsurance broker BMS Group has announced the appointment of Manoela Barbi Kukli as the new Head of Facultative Reinsurance for its Brazilian office, effective April 1st, reporting directly to Jose Leão, CEO of BMS Brazil. Kukli, wh...
Posted: Apr 04, 2025
A report published this week by a Washington, D.C.-based think tank ranks Louisiana as the worst state for social mobility, and links the state’s lawsuit abuse climate as a factor for why many residents never get ahead. Archbridge Institute pub...
Posted: Apr 04, 2025
Reinsurance supply and demand in Greater China are well-balanced at the start of 2025, with reinsurance conditions at the April 1 renewals building on the favourable trends seen at 1.1, according to global insurance and reinsurance broker Aon. In...
Posted: Apr 04, 2025
A U.S. judge said several companies including Walmart, Beech-Nut and Gerber must face a nationwide lawsuit claiming that toxic heavy metals contaminated their baby food, causing brain and neurodevelopmental damage to children who ate it. In a decisio...
Posted: Apr 04, 2025
SecurityScorecard has entered a strategic partnership with Willis, a WTW business, to enhance cyber risk quantification, improve insurance modelling, and strengthen security strategies for organisations globally. As part of the partnership, Securi...
Posted: Apr 04, 2025
Key Insurance, a Kansas-based insurer specializing in non-standard auto, was placed into liquidation this week after a court ruled the company insolvent. The Shawnee County District Court ordered the liquidation of Key on March 31 after reviewing sig...
Posted: Apr 04, 2025
The Supreme Court on Wednesday sided with a truck driver who wants to sue for triple damages over a CBD hemp product he says was falsely advertised as being free from marijuana’s active ingredient and resulted in him getting fired. …
Posted: Apr 04, 2025
Risk digitization was cited as the primary technology priority for revenue growth in a recent study from insurtech Cytora. Cytora surveyed 200 senior leaders from global insurance firms and found that 76% of respondents saw risk digitization (encompa...
Posted: Apr 04, 2025