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Despite sizable claims from the LA wildfires in January, Moody’s anticipates strong earnings prospects for the four largest European reinsurers, Munich Re, Swiss Re, Hannover Re, and SCOR, in 2025, driven by persistently strong demand for re...
Posted: Apr 01, 2025
A long-feared megaquake off Japan’s southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai Trough would destroy 2.34 million buildings and...
Posted: Apr 01, 2025
The ‘Answer Economy’ Changes Everything AI & Machine Learning sradomski Tue, 04/01/2025...
Posted: Apr 01, 2025
California is emerging from its wettest time of the year with new fire and drought risks. The state is scheduled to measure the snowpack amassed over winter on Tuesday — April 1 is the typical peak point before springtime melting. …
Posted: Apr 01, 2025
Looking beyond BMI in modern life insurance From Our Partners sradomski Tue, 04/01/2025 - 11:0...
Posted: Apr 01, 2025
Australia’s remote outback in western Queensland has been swamped by flooding after being lashed with a year’s worth of rainfall in a week, sweeping away tens of thousands of livestock. Up to 500 millimeters (19.7 inches) of rain has floo...
Posted: Apr 01, 2025
KPMG, a provider of audit, tax, and advisory services, has revealed the findings of its latest UK Financial Services Sentiment survey, showing a decline in confidence among financial services leaders regarding future profitability. As geopolitical...
Posted: Apr 01, 2025
WTW announced the acquisition of Global Commercial Credit, LLC (GCC) into Willis, a WTW business. This strategic acquisition will accelerate performance by expanding into specialized businesses that align with the company’s technical, industry-...
Posted: Apr 01, 2025
The Hartford of Hartford, Connecticut said Shekar Pannala was named the company’s chief information officer and leads technology, as well as cybersecurity, infrastructure and cloud modernization. Prior to joining The Hartford, Pannala was globa...
Posted: Apr 01, 2025
Apollo, an insurance platform, has announced the appointment of Mike Krefta as Non-Executive Director of Apollo Syndicate Management Limited, pending regulatory approval. With over two decades of experience in the insurance industry, spanning both...
Posted: Apr 01, 2025
Allianz Partners New Zealand has formed a strategic partnership with Mitsui Sumitomo Insurance Company Limited New Zealand Branch (MSI NZ), part of the MS&AD Insurance Group, to enhance and diversify insurance solutions in New Zealand. Effecti...
Posted: Apr 01, 2025
State Farm Wins Dismissal of Homeowners’ Class Action Over Use of Xactimate Software A federal judge...
Posted: Apr 01, 2025
E&S Insurer Ategrity Files for IPO New York-based Ategrity Specialty Insurance Co., a na...
Posted: Apr 01, 2025
Strengthening good relationships leads to exponential growth for this Ohio agency By Dennis H. Pillsbury When Matt Simon, CIC, CPCU, took over leadership of Hill & Hamilton, Bellefontaine, Ohio, in 2020, he was assuming the presidency of a succes...
Posted: Apr 01, 2025
Iowa-based young pro develops and expands agency’s public entity practice “I think it’s one thing to be good at insurance and know coverage forms, but the reality is, we want to be applicable to the things our clients are concerned about and [know th...
Posted: Apr 01, 2025
What lies ahead for construction firms through the rest of this year By Mark Wooditch It doesn’t take a crystal ball to foretell what construction industry professionals—and their insurance and risk management partners—might expect over the balance o...
Posted: Apr 01, 2025
Claims trends and risk management best practices for summer youth camps By Christopher W. Cook This writer never went to summer camp growing up, although I vaguely know about what happens there through other media. I recall that Ernest P. Worrell, pl...
Posted: Apr 01, 2025
Putting AI-powered automation to work, Gaya streamlines data and speeds the commercial quoting process By Lori Widmer What started as an idea by a student with a need became an AI-driven software company serving the insurance industry. In 2021, Carl...
Posted: Apr 01, 2025
Gallagher Re has announced the appointment of Dr. Michael Pickel as Executive Chair for DACH and Italy, where he will work together with the leadership teams in both regions. Pickel brings a total of 36 years in the reinsurance industry, represent...
Posted: Apr 01, 2025
As risks cross over into more than one business area, professionals need to respond to a complex web of exposure By Lori Widmer If 2025 will be remembered for anything, it could be that it became the year that ushered in the need for organizations to...
Posted: Apr 01, 2025
A persistently hard market makes for hard choices By Joseph S. Harrington, CPCU “Plus ça change, plus c’est la même chose.” That’s a famous French phrase for “the more things change, the more they remain the same.” If you want to appear sophisticated...
Posted: Apr 01, 2025
Increasingly popular benefits product will come into play in wildfire aftermath By Len Strazewski Swirling Santa Ana winds driving several California wildfires have killed more than 20 residents and destroyed $30 billion in property, and by the end o...
Posted: Apr 01, 2025
Aon, a global risk management and professional services firm, has released its 2025 April Reinsurance Market Dynamics Report, detailing favourable conditions for buyers during the April 1 renewals, a period heavily focused on Asia and particularly...
Posted: Apr 01, 2025
Insurance Business Magazine - US
Posted: Apr 01, 2025
Insurance Business Magazine - US
Posted: Apr 01, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Louise Kidd as the new Head of Underwriting for Europe. With over 22 years of experience in the insurance...
Posted: Apr 01, 2025
South Korea’s worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protecti...
Posted: Apr 01, 2025
Aon, a risk management and professional services firm, has provided its 2024 UK Risk Settlement Market Update, highlighting a year of significant milestones for the bulk annuity and longevity swap markets. According to the report, the UK bulk annu...
Posted: Apr 01, 2025
A U.S. bankruptcy judge on Monday rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company’s...
Posted: Apr 01, 2025
Protection gaps across all sectors of the insurance industry are set to widen by 2030 as insurers grapple with unsustainable rate-driven growth, according to a new report from Bain & Company, a management consultancy. The study, “Bridgin...
Posted: Apr 01, 2025
The contractors of an under-construction tower that crashed in Bangkok during last week’s earthquake apparently used substandard steel bars made by a factory that had been shuttered by authorities. Samples of two different sizes of steel bars c...
Posted: Apr 01, 2025
Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmame...
Posted: Apr 01, 2025
Arch Insurance International has appointed James Barrett as Head of Cyber & Healthcare, effective immediately. Barrett has served as Interim Head of Cyber since October 2024, in addition to his role as Head of Healthcare, which he has held sin...
Posted: Apr 01, 2025
Zurich Insurance Group has agreed to acquire a minority stake in Icen Risk, a company that specializes in insuring mergers and acquisitions. The transaction will see Zurich take a “significant minority” in London-based Icen and will help...
Posted: Apr 01, 2025
A fight over UK motor finance and whether lenders should be on the hook for billions of pounds in compensation will play out at the Supreme Court in one of the most highly-anticipated hearings in years. At stake, the scope …
Posted: Apr 01, 2025
Growth in E&S lines isn’t slowing anytime soon. The post The E&S Boom: How Climate Change and Storm Losses Are Changi...
Posted: Apr 01, 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme. Originally announced in March 2024, t...
Posted: Apr 01, 2025
Austral Re has reported a record net profit of BRL 75 million for 2024, an increase of 155% compared to 2023. The firm stated that this record was achieved despite the catastrophic scale of flood losses in Rio Grande do Sul, showcasing its resilie...
Posted: Apr 01, 2025
Global reinsurer capital increased by almost 7% over the course of 2024 to a new high of $715 billion, driven by strong retained earnings and an expanding catastrophe bond market, according to insurance and reinsurance broking group, Aon. Aon̵...
Posted: Apr 01, 2025
Global multi-line insurer Zurich Insurance Group has strategically invested in Icen Risk (Icen), a specialist M&A insurer which offers bespoke coverage for Warranty & Indemnity, Tax, IP, and Environmental risks in European mid-market M&...
Posted: Apr 01, 2025
Chubb Bermuda, part of the global insurance carrier, has promoted David Jenkins to the role of Senior Vice President (SVP), Head of Bermuda Property, effective immediately. In his new role, Jenkins will oversee all Bermuda-domiciled property under...
Posted: Apr 01, 2025