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Selective Insurance Group, Inc. has appointed Julie Parsons to its Board of Directors as an Independent Director, effective November 3rd, 2025. With this addition, Selective’s Board is now composed of 12 directors, 11 of whom are independent. Pars...
Posted: Nov 04, 2025
A Chubb subsidiary says it is not obligated to cover a Ramada Inn franchise policyholder that has been ordered to pay $4.1 million to its parent company for a judgment in a sex trafficking case. The Philadelphia motel franchisee, Eighty …
Posted: Nov 04, 2025
In a keynote address at the 21st Singapore International Reinsurance Conference (SIRC), Kenrick Law, Chair of the Singapore Reinsurers’ Association, highlighted Southeast Asia’s resilient growth amid global uncertainty, as re/insurers increasingly...
Posted: Nov 04, 2025
In a keynote address at the 21st Singapore International Reinsurance Conference (SIRC), Chia Der Jiun, Managing Director, Monetary Authority of Singapore, highlighted Southeast Asia’s resilient growth amid global uncertainty, as re/insurers increa...
Posted: Nov 04, 2025
JBS SA, the world’s largest meatpacker, has agreed to pay $1.1 million to settle a lawsuit by the state of New York over allegations the company misled the public about reducing the impact of its operations on the environment. As …
Posted: Nov 04, 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the third quarter of 2025, reporting net income of $144 million, which compares to a loss of $1.2 billion in the same period last y...
Posted: Nov 04, 2025
Some of the most sizable and troubled nursing homes in the state of Vermont have struggled for much of this year to provide sufficient care under new ownership, logging violations that included a death, injuries and neglect of residents. The …
Posted: Nov 04, 2025
James River Group Holdings, Ltd., a Bermuda-domiciled insurance holding company, reported underwriting income of $8.9 million in the third quarter of 2025, compared to a loss of $56.8 million in the same period last year, with its combined ratio i...
Posted: Nov 04, 2025
Global efforts to slash emissions are set to pick up significantly in the years to come. That’s according to an analysis of the Group of 20 countries by London Stock Exchange Group Plc. The findings, which point to “a material …
Posted: Nov 04, 2025
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of US$70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest single payout in the history of CCRIF, the Cayma...
Posted: Nov 04, 2025
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced it will make a payout of US$70.8 million to the government of Jamaica to cover damages from Hurricane Melissa. This marks the largest single payout in the history of CCRIF, the Cayma...
Posted: Nov 04, 2025
Westfield Specialty International, a specialty insurance provider, has announced the appointment of Anthony Baldwin as President, Specialty International, subject to regulatory approval. In his new role, the executive will be responsible for all W...
Posted: Nov 04, 2025
Typhoon Kalmaegi killed 21 people and displaced nearly 400,000 more as it dumped heavy rains and caused widespread flooding in central Philippines, according to officials and local media. Many of the fatalities were in Cebu province where residents w...
Posted: Nov 04, 2025
Mitsubishi Electric Corporation has announced the completion of the sale of all shares in its Tokyo-based insurance subsidiary, Mitsubishi Electric Insurance Service Co., Ltd., to Marsh Japan, Inc. Mitsubishi Electric Insurance Service was establi...
Posted: Nov 04, 2025
Dallas-based E&S carrier AM Specialty Insurance Company (ASIC) is reportedly seeking London-sourced, U.S.-domiciled specialty reinsurance opportunities in the run-up to the January 1, 2026, renewal season. According to ASIC, since its launch t...
Posted: Nov 04, 2025
Li Auto Inc. is recalling 11,411 of its flagship Mega multi-purpose electric vehicles in China after one of its cars caught fire [on October 23], highlighting growing concerns about EV safety. The recall covers the 2024 model of the Mega …
Posted: Nov 04, 2025
Global professional services firm Aon has released its Q3 2025 Global Insurance Market Insights report, which outlines one of the most competitive insurance markets seen in recent years. According to Aon, buyers across many regions are benefiting...
Posted: Nov 04, 2025
According to a new PwC report, three legacy transactions were publicly disclosed in Q3 2025, bringing the year-to-date total to 26 deals with a combined £1.36 billion in gross liabilities transferred. “Consistent with much of the activity ob...
Posted: Nov 04, 2025
More than five years after first announcing stricter controls on industrial farm pollution in Michigan, state environmental regulators will finally start enforcing them. Regulations issued Wednesday by the Michigan Department of Environment, Great La...
Posted: Nov 04, 2025
Greenlight Capital Re has reported Q3 2025 net underwriting income of $22.3 million, up sharply from $6.1 million a year earlier, as the combined ratio improved to a record low of 86.6%. Meanwhile, the firm’s gross premiums written in Q3 202...
Posted: Nov 04, 2025
Conduit Holdings Limited, the ultimate parent company of Bermuda-based reinsurer Conduit Re, has appointed Stephen Postlewhite as Chief Underwriting Officer (CUO), effective January 26th, 2026, subject to Bermuda immigration approval. In his new r...
Posted: Nov 04, 2025
UBS Group AG’s chairman warned against looming risks in the US insurance industry, citing weak and complex regulations amid an unprecedented boom in private financing. “We’re beginning to see huge rating agency arbitrage in the insu...
Posted: Nov 04, 2025
The Fédération des Agences de Souscription Européennes (FASE) has been recently launched as a pan-European association representing managing general agents (MGAs). Its mission is to connect MGAs with insurance capacity providers, brokers, investor...
Posted: Nov 04, 2025
Algorithmic Insurance Services, Inc. (LIRG) has selected insurtech MANiT Labs to serve as the core technology platform for its reinsurance brokerage operations. The partnership is a significant step in LIRG’s mission to become a global leader in r...
Posted: Nov 04, 2025
Markel Insurance, the insurance division of Markel Group Inc., has appointed Luna Bonifacio as Senior Claims Adjuster, its first claims role based in Dubai, effective immediately. In the new role, Bonifacio joins the Asia Claims team and will over...
Posted: Nov 04, 2025
Insurance Business Magazine - US
Posted: Nov 04, 2025
Posted: Nov 04, 2025
Posted: Nov 04, 2025
McCrosson Joins AXA XL Reinsurance as Senior Underwriter, US Property Treaty AXA XL Reinsurance hired Dan McCrosson to the U.S. property treaty reinsurance team in Stamford, Connecticut, as a senior underwriter, U.S. Property Treaty. McCrosson’...
Posted: Nov 04, 2025
Arch Global Services India, a wholly owned subsidiary of Arch Capital Group Ltd. has announced the opening of a new office in Trivandrum’s Technopark. Located in the Niagara building, the new offices are designed to encourage creativity and innova...
Posted: Nov 04, 2025
CNA Financial Corp. recorded third quarter net income of $403 million compared with $283 million a year during the same period. Pretax catastrophe losses were $41 million for Q3, down more than $100 million from the prior year quarter. CNA’s &#...
Posted: Nov 04, 2025
Armed assailants attacked a commercial tanker off the coast of Mogadishu on Monday, firing at the vessel after attempting to board the ship in the first suspected Somali piracy incident of its kind since 2024, maritime sources said. If confirmed, ...
Posted: Nov 04, 2025
Starkweather & Shepley Insurance Brokerage, Inc., headquartered in East Providence, Rhode Island, hired Dennis Leamy as a commercial risk advisor. Leamy joins the firm with nearly 20 years of experience in property, casualty, and life insurance,...
Posted: Nov 04, 2025
Costco, Ryder Last Mile Inc. and Mega Nice Trucking LLC $868,128 citation has been issued by the California Labor Commissioner’s Office for worker misclassifying and labor law violations affecting 58 delivery drivers. The LCO reports that Ryder...
Posted: Nov 04, 2025
Fiducia, a Leeds-domiciled specialty insurance managing general agent (MGA), has appointed Graeme McFarlane as a new development underwriter to support brokers across Scotland and the north east of England. In his new role, Graeme will develop Fid...
Posted: Nov 04, 2025
Transportation Secretary Sean Duffy said he’d close US airspace if officials determined air travel was dangerous, as the government shutdown stretches into its second month. “If we thought that it was unsafe, we’ll shut the whole ai...
Posted: Nov 04, 2025
Workers’ compensation insurance premium rates in California have been in a steady decline for many years, after a series of reforms to the system reduced claim payouts, and subsequent changes to the experience modification rating calculation de...
Posted: Nov 04, 2025
Designed to replace legacy systems, the cloud-native platform supports end-to-end policy lifecycle management and real-time integration.
Posted: Nov 03, 2025
Posted: Nov 03, 2025
Premiums written increased $563 million in the third quarter.
Posted: Nov 03, 2025
Gallagher will acquire the stock of Tompkins Insurance Agencies for $183 million.
Posted: Nov 03, 2025