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Deadly storms and flooding rains left a path of destruction across 14 states in the US South and Midwest, knocking out power to more than 400,000 customers. Record rain fell in Memphis and eastern Missouri overnight and more is expected …
Posted: Apr 03, 2025
Kelli Kresowski shares her career journey from flight attendant to working in insurance. The post
Posted: Apr 03, 2025
Risk Digitization Top Tech Priority for U.S. Insurers Risk d...
Posted: Apr 03, 2025
Global advisory, broking, and solutions firm WTW has announced the appointment of Jody Yee as Head of Alternative Risk Transfer Solutions in the Americas. Yee will leverage his significant industry experience and a focus on developing innovative a...
Posted: Apr 03, 2025
What’s in a name? Enough confusion to sink a subrogation lawsuit and appeal brought by the insurer for a burned-up Hardee’s restaurant, the North Carolina Court of Appeals said Wednesday. “…The trial court properly determined that I...
Posted: Apr 03, 2025
U.S. President Donald Trump’s 25% auto tariffs will cover hundreds of billions of dollars worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of tariff codes included in a federal register notice on Wed...
Posted: Apr 03, 2025
K2 Insurance Services, an independent specialty insurance program manager, has launched K2 Cyber, a managing general agent (MGA) focused on SMB Cyber Insurance. K2 Cyber provides Intelligent Cyber Insurance, combining continuous risk engineering,...
Posted: Apr 03, 2025
BOSTON (AP) — A box truck crashed into a building Tuesday afternoon in Boston’s Chinatown neighborhood and hit several pedestrians before flipping onto its side, city officials said. The driver and five others were injured in what authorities s...
Posted: Apr 03, 2025
A fire burned down a cat shelter in suburban New York, killing its founder and more than 100 of the felines he rescued and sparking a rescue operation for dozens of cats still roaming the destroyed property. As many as …
Posted: Apr 03, 2025
Skyline Partners Ltd., a parametric outsourcing platform provider, has launched a joint project with the European Space Agency to utilise space assets and technology to efficiently provide parametric insurance products for drought and wildfire ris...
Posted: Apr 03, 2025
Insurance Business Magazine - US
Posted: Apr 03, 2025
Acrisure operates across 21 countries and has grown its revenue from $38 million to nearly $5 billion in just over a decade.
Posted: Apr 03, 2025
K2 Cyber is founded and led by Keith Moore.
Posted: Apr 03, 2025
PwC has announced the appointment of Hugh Man as a Partner in its Corporate Finance team, based in the company’s London office. In his new role, Man will focus on M&A and capital raising in the insurance sector, further strengthening PwC’s est...
Posted: Apr 03, 2025
Arthur J. Gallagher & Co. this week announced two acquisitions – of the UK’s Bircroft Insurance Services and Australia’s Tresidder Insurance Brokers. Financial details of the transactions were not disclosed. London-based Bircroft is a...
Posted: Apr 03, 2025
Analysts at KBW have indicated that insurers should be able to navigate any challenges arising from the recently announced U.S. tariffs, with industry players likely having ample time to request rate increases, which state regulators are generally...
Posted: Apr 03, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has promoted Greg Chambers and Caitlin Alpern within its Americas Cyber Insurance team. Chambers, who has 22 years of experience and has been with AXA X...
Posted: Apr 03, 2025
Britain’s Co-op Group said on Thursday that losses from shoplifting in its food retail business rose by over 14% to 80 million pounds ($105 million) in 2024, or more than half of its adjusted operating profit. The group, which trades …
Posted: Apr 03, 2025
President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental...
Posted: Apr 03, 2025
President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental...
Posted: Apr 03, 2025
Morningstar DBRS, a provider of credit ratings, research, and risk analysis, highlights that global P&C reinsurers delivered strong profitability in 2024, driven by favourable underwriting conditions and solid investment income, but warns of p...
Posted: Apr 03, 2025
The small crowd in pastel polo shirts and sunglasses boarded the catamaran for an afternoon cruise on the Caribbean’s sapphire waters. Tucked under their drinks were napkins emblazoned with a slogan akin to a pickup line: “Let’s go...
Posted: Apr 03, 2025
The Chinese military conducted large-scale drills in the waters and airspace around Taiwan on Tuesday that included an aircraft carrier battle group, as it again warned the self-ruled democracy against seeking formal independence. The exercises invol...
Posted: Apr 03, 2025
Global insurance and reinsurance broker Howden has appointed Brigitte Trafford to the newly created role of Group Chief Corporate Affairs Officer, effective immediately. In the role, Trafford will report directly to David Howden, the Chief Executi...
Posted: Apr 03, 2025
Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with US regulators in 2023. DWS gave a false …...
Posted: Apr 03, 2025
Specialty insurance platform Vivere Partners has secured $7.5 million in Series A funding, led by General Catalyst, Pathlight Ventures and Greenlight Re, to drive strategic expansion. The funding will also be used to recruit top underwriting talen...
Posted: Apr 03, 2025
RIMS’ new president shares her journey into risk management and what has made it a fulfilling career path. The post
Posted: Apr 03, 2025
Severe storms battered islands in Greece for a second day on Tuesday [April 1], with Crete experiencing the heaviest rainfall. Authorities on Paros and Mykonos, meanwhile, worked to clear overturned cars and debris following hailstorms and torrential...
Posted: Apr 03, 2025
Specialty Managing General Agents (MGAs) Nirvana and Pulse have announced plans to merge. Pulse specialises in non-standard Accident, Health, and Life insurance, offering coverage to individuals often declined by mainstream insurers. Nirvana under...
Posted: Apr 03, 2025
Global reinsurer Ariel Re has announced the appointment of Rohan Pai as Chief Financial Officer, effective April 1st, 2025. Based in Bermuda, Pai will oversee Ariel Re’s financial reporting and treasury functions, supporting the company’s growth a...
Posted: Apr 03, 2025
Data analytics and technology provider Verisk has acquired Nasdaq subsidiary Simplitium Limited, which owns and operates Nasdaq Risk Modelling for Catastrophes (NRMC). Verisk described NRMC as a SaaS platform fostering an open ecosystem where spec...
Posted: Apr 03, 2025
UK pension insurance specialist Rothesay has appointed Bruce Carnegie-Brown as independent Non-Executive Director and Chair Designate from 1st May 2025. Naguib Kheraj, who has served on Rothesay’s Board since 2014 and as Chair since 2018, will ste...
Posted: Apr 03, 2025
HOA Secures $2.5M ‘Wildfire Resilience Insurance’: WTW Willis, a WTW business, and The Nature Conservan...
Posted: Apr 03, 2025
Posted: Apr 03, 2025
Posted: Apr 03, 2025
Brit Group Holdings Limited, the global specialty insurer and reinsurer, has appointed Jean-Jacques Henchoz as a Non-Executive Director to the boards of Brit Group Holdings Limited, and its Lloyd’s managing agent, Brit Syndicates Limited. The appo...
Posted: Apr 03, 2025
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Xu Cheng as Group Head of Data Strategy & Insights. In her new role, Cheng will lead and build Ascot’s Group Data Office, overseeing the development and implem...
Posted: Apr 03, 2025
Marsh McLennan Agency (MMA), a division of Marsh and a provider of business insurance, employee benefits, retirement and wealth services, and private client insurance across the US and Canada, has acquired Arthur Hall Insurance, an insurance agenc...
Posted: Apr 03, 2025
American Coastal Insurance Corporation (ACIC), a property and casualty insurance holding company, has completed the sale of its personal lines subsidiary, Interboro Insurance Company, to Forza Insurance Holdings, LLC. ACIC first announced the sale...
Posted: Apr 03, 2025
MAIF (Mutuelle assurance des Instituteurs de France), a mutual insurer serving over four million households, associations, businesses, and communities across France, is enhancing its ability to assess and manage climate risks through Moody’s advan...
Posted: Apr 03, 2025
Liberty Mutual Insurance, based in Boston, appointed Dieter Korte as president, middle market, Global Risk Solutions North America (GRS NA), reporting to GRS NA President Marc Orloff. “These companies have the same exposures as larger organizat...
Posted: Apr 03, 2025
The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how collaboration among original equipment...
Posted: Apr 03, 2025
Workers’ compensation specialist insurer MEMIC, based in Maine, has recognized three agencies in the Northeast for top service to policyholders. HUB International Northeast, with offices in New York City; Brown & Brown, in Dedham, Massachus...
Posted: Apr 03, 2025
A huge natural gas-powered data center that will serve the growing demands of artificial intelligence is being planned for the site of a former coal-fired power plant in Pennsylvania. The 3,200-acre (1,295-hectare) data center campus, located about 5...
Posted: Apr 03, 2025
Nashville-based FB Financial Corp., parent company of FirstBank and FirstBank Insurance Agency, plans to merge with Southern States Bancshares, the parent of Southern States Bank, headquartered in Anniston, Alabama, the bank announced this week. Sout...
Posted: Apr 03, 2025