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According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the average expenditure for auto insurance – …
Posted: Mar 31, 2025
The North American and European operations of SureGo Administrative Services (SureGo), a sister company of Trawick International and a third-party administrator for international and special risk insurance, have received Delegated Claims Authority...
Posted: Mar 31, 2025
Fla. House Subcommittees Vote to Repeal PIP Law, Pass Two Other Insurance Bills The Florida House subcommitt...
Posted: Mar 31, 2025
Allianz Trade, a trade credit insurer, has announced the retirement of Benoît des Cressonnières, Global Head of Reinsurance of Allianz Trade and Chief Executive Officer (CEO) of Euler Hermes Reinsurance AG, on September 30th, 2025. Philippe Dessèv...
Posted: Mar 31, 2025
Independent insurance broker Lockton has announced the launch of Professional and Executive Risk, which integrates US-based Lockton Financial Services (LFS) and International ProFin teams under a single, global practice. Bringing together the expe...
Posted: Mar 31, 2025
Insurance Business Magazine - US
Posted: Mar 31, 2025
Pine Walk Capital Limited, the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has hired Tim Morgan to launch a new Accident & Health MGA. The new MGA is expected to launch later in 2025, subject to regula...
Posted: Mar 31, 2025
Lloyds Banking Group Pensions Trustees Limited has entered into its third and fourth longevity hedging insurance and reinsurance transactions, protecting in aggregate a further £5.1 billion of liabilities. This arrangement will further protect the...
Posted: Mar 31, 2025
Hong Kong-based global reinsurer Peak Re experienced a 6.7% year-on-year decrease in net profit to USD 187 million in 2024, according to the annual results of its parent company, Fosun International. Despite this dip in net profit, Peak Re’s gross...
Posted: Mar 31, 2025
InEvo Re, a reinsurer established by Macquarie Asset Management, has reportedly entered into an agreement with a leading UK insurer to reinsure their PRT liabilities, including both pensions in payment and deferred pensioners. Based in Bermuda, In...
Posted: Mar 31, 2025
Fidelis Insurance Holdings Limited, a specialty insurer, has announced the appointment of Jonny Strickle as Group Managing Director, reporting directly to CEO Dan Burrows. Strickle first joined Fidelis in 2020 and became the Group Chief Actuarial...
Posted: Mar 31, 2025
The death toll from Myanmar’s biggest earthquake in a century is set to climb from more than 1,700 following the end of a critical 72-hour rescue window, with aid efforts hampered by the ongoing civil war and sweltering heat. About …
Posted: Mar 31, 2025
Lloyd’s global insurer and reinsurer, MS Amlin, has opened a branch of its Asia Pacific Reinsurance business, MS Amlin Pacific Pte. Ltd., in Sydney, expanding its presence to Australia, subject to Lloyd’s approval. The reinsurer has also app...
Posted: Mar 31, 2025
The collapse of a skyscraper under construction in Bangkok — the lone building to crash during the massive earthquake last week — has become the center of Thai investigations as questions swirl around the construction and quality of the materials ...
Posted: Mar 31, 2025
The collapse of a skyscraper under construction in Bangkok — the lone building to crash during the massive earthquake last week — has become the center of Thai investigations as questions swirl around the construction and quality of the materials ...
Posted: Mar 31, 2025
The family of Stephane Roy, a Canadian entrepreneur killed in a helicopter accident in 2019, has filed a C$50 million ($35 million) lawsuit against manufacturer Robinson Helicopter Co. Roy and his 15-year-old son Justin disappeared that summer while...
Posted: Mar 31, 2025
HDI Global UK and Ireland has announced the appointment of Marcus Breese as Head of Cyber Underwriting, effective April 1st, 2025. In his new role, Breese will report to Antonia Osborne, Director of Underwriting, Corporate, HDI Global UK and Irela...
Posted: Mar 31, 2025
International specialty insurer and reinsurer Convex Group has revealed an underwriting result for 2024 of $381 million, up 57% from $242 million in 2023. Meanwhile, Convex’s net profit attributable to common shareholders was $506 million in...
Posted: Mar 31, 2025
Austin TX, March 28, 2025 –The Risk & Insurance Education Alliance proudly announces the launch of the Contractors RiskPRO Certification, the first specialized program in the innovative RiskPRO Certification Series. Designed specifically fo...
Posted: Mar 31, 2025
Hong Kong-based global reinsurer Peak Reinsurance Company Limited (Peak Re) has secured a reinsurance branch licence as an IFSC Insurance Office (IIO) from the International Financial Services Centres Authority (IFSCA) on 20 February 2025 to condu...
Posted: Mar 31, 2025
ICEYE, a provider of satellite-based disaster management solutions, has launched a hurricane data solution, providing insurers with impact information from both wind and flooding within 24 hours of a hurricane making landfall in the US. “Usi...
Posted: Mar 31, 2025
Trevor Carvey, Chief Executive Officer (CEO) and Director of Bermuda-domiciled property and casualty reinsurance group and the ultimate parent company of Conduit Re, Conduit Holdings, has notified the Board of his decision to step down from the ro...
Posted: Mar 31, 2025
Marsh, an insurance broker and risk advisor and a subsidiary of Marsh McLennan, has published its 2024 Transactional Risk Insurance Year in Review report, providing insights into key trends and developments in the market over the past year. Transa...
Posted: Mar 31, 2025
Cyber insurance technology firm Cyberwrite has expanded its partnership with re/insurance broking group Howden, making its cyber risk analytics available in 52 countries and seven languages. Howden and Cyberwrite first announced its collaboration...
Posted: Mar 31, 2025
Property and casualty insurance has traditionally been a cyclical industry, meaning it goes through phases of firm pricing and tight capacity followed by softer market conditions that tend to favor insurance buyers. The ups and downs of insurance cyc...
Posted: Mar 31, 2025
Elon Musk failed to fend off an investor lawsuit claiming he manipulated the stock price of Twitter Inc. months before he bought the company in 2022 by concealing how much stock he’d acquired. A Manhattan federal judge on Friday said …
Posted: Mar 31, 2025
Budget woes, combined with cuts to the federal wildfire-fighting workforce and President Donald Trump’s tariff and sovereignty threats against Canada, have made it more difficult for state officials to plan for the upcoming wildfire season. In...
Posted: Mar 31, 2025
A notorious public adjuster, already in prison for scamming Louisiana and Texas residents out of insurance proceeds, last week pleaded guilty to defrauding Brotherhood Mutual Insurance Co. and a Georgia church out of millions of dollars after the chu...
Posted: Mar 31, 2025
Contractors insurance groups say worker injuries are being faked at an unprecedented rate across New York’s construction sites in hopes of receiving workers’ compensation benefits and liability insurance payouts, according to court filing...
Posted: Mar 31, 2025
Berkshire Hathaway’s GEICO insurance plans to open a new campus in Tampa late this summer, bringing more than 1,000 jobs to the area. The property and auto insurer also plans to open an office in the Dallas area by this …
Posted: Mar 31, 2025
The U.S. Department of Labor is awarding $2.5 million to Hawaii to continue employment and training services and support disaster-relief jobs for people in communities affected by the wildfires that swept across the island of Maui on Aug. 8, 2023. &#...
Posted: Mar 31, 2025
Aspire Promotes Nicholson, Storms and Storms to New Leadership Roles Aspire General Insurance promoted Tyler Nicholson to the newly created role of chief revenue and distribution officer. Nicholson has more than 20 years of industry experience, joini...
Posted: Mar 31, 2025
Australian insurance broking and distribution group Steadfast has promoted Noelene Palmer to Chief Operating Officer (COO), as current COO Nigel Fitzgerald announces that he will step down on July 1st, 2025, to pursue a personal business venture....
Posted: Mar 31, 2025
Before his arrest Wednesday, Paul Steed was a respected sugar market expert for a subsidiary of famed candymaker Mars Inc. He served on a U.S. trade advisory committee for sweeteners as well as on industry group boards, while giving presentations ...
Posted: Mar 31, 2025
A U.S. passenger flight preparing to leave the nation’s capital and an incoming military jet received instructions to divert and prevent a possible collision, officials said. Delta Air Lines Flight 2983 was cleared for takeoff at Ronald Reagan...
Posted: Mar 31, 2025
The New York utility provider Con Edison has agreed to pay $750,000 and implement a host of anti-harassment reforms to settle a lawsuit claiming it routinely ignored discrimination complaints brought by female field workers. The settlement, announced...
Posted: Mar 31, 2025
The benefits of a strong return-to-work program for employees and employers alike are clear, but many organizations struggle to accommodate injured workers. Bringing in dedicated, data-driven expertise in workers’ comp, safety, and RTW programs ca...
Posted: Mar 30, 2025
The burden of increased costs caused by uninsured drivers is passed on to the consumer meaning that insured drivers must shoulder the burden. Here are three tips for agents to help their customers protect themselves.
Posted: Mar 30, 2025
While participating in vintage race car racing can be a dream come true for enthusiasts, partaking means ensuring that a dream hobby doesn't turn into a financial disaster.
Posted: Mar 30, 2025
"These are the people taking risks, following their dreams, and creating something special," says independent agent Luke Hoerr. "When I help them get the right coverage, I'm not just selling insurance—I'm helping protect someone's passion project and...
Posted: Mar 30, 2025
Insurance Information Institute
For Immediate Release Loretta Worters New York Press Office 917-208-8842 [email protected] MALVERN, Pa., March 31, 2025 — The Insurance Information Institute (Triple-I) has published its 2024 Annual Report, Now More Than Ever, highlighting the o...
Posted: Mar 30, 2025