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In 2024, global insurance carriers experienced a year of improved underwriting performance and capital recovery, which contrasted with growing concerns around reserving volatility and widening loss gaps, according to a recent analysis by Howden Re...
Posted: Mar 28, 2025
Insurtech hyperexponential (hx) has launched a suite of AI-powered capabilities, hx AI, at its first AI event in London. According to the insurtech, hx AI is designed to revolutionise pricing, actuarial and underwriting productivity and decision-m...
Posted: Mar 28, 2025
Tokio Marine Kiln (TMK), a global specialty insurer, has appointed James Wilson as Head of Special Risks, starting in the autumn. In his new role, Wilson will report to Vivek Syal, Chief Underwriting Officer for TMK, and is tasked with expanding t...
Posted: Mar 28, 2025
Following strong returns in 2023 and 2024, return on equity (ROE) has improved for the European reinsurance sector, which has now exceeded cost of equity in three of the last four years, according to Goldman Sachs. Prior to 2023 and 2024, the rein...
Posted: Mar 28, 2025
Japanese property and casualty (P&C) insurer Mitsui Sumitomo Insurance Co., Ltd. (MSI) has agreed to acquire 15% of commercial lines P&C insurance holding company, W. R. Berkley Corporation’s outstanding common stock via open market...
Posted: Mar 28, 2025
Global climate risk solutions platform Arbol has expanded its leadership team with strategic hires to drive growth across artificial intelligence (AI), insurance, agriculture, and energy storage. Arnav Tripathy, who has joined Arbol as its new Hea...
Posted: Mar 28, 2025
Posted: Mar 28, 2025
Assurex Global, a privately held commercial insurance, risk management, and employee benefits brokerage group, has announced the addition of Cowan Group Ltd. to its network, effective March 17, 2025. Established in 1927, Cowan Group Ltd., through...
Posted: Mar 28, 2025
Venerable, owner and manager of legacy variable annuity business, has announced the appointment of George Alvites and Angie Ellis as Vice President, Head of Audit and Vice President, Compliance, respectively. The firm also announced the promotion...
Posted: Mar 28, 2025
Insurer Allianz Trade in Asia Pacific has appointed Wongi Kim as the Country Manager for South Korea, effective April 1st, 2025, succeeding Andy Ryoo. Ryoo, a seasoned trade credit professional retires from the role after a career spanning over 22...
Posted: Mar 28, 2025
The Florida House subcommittee on insurance advanced two hotly debated bills Thursday, one supported by insurance agents but another that was opposed by agents and carriers alike. And another subcommittee voted to repeal the auto insurance personal i...
Posted: Mar 28, 2025
A Pennsylvania cement company has agreed to pay $12 million to the family of an ironworker who fell to his death while attempting to set up a temporary catwalk at the company’s plant in Stockertown. In July 2021, the decedent …
Posted: Mar 28, 2025
The operator of an interstate trucking company who was convicted by a federal jury of making false statements to federal regulators about the company’s safety rating has been sentenced to 45 months in prison. Prosecutors identified the man as T...
Posted: Mar 28, 2025
Delaware is poised to give corporate officers more protections in its courts against shareholder lawsuits after criticism by billionaire Elon Musk and other influential business titans that rattled top public officials in what they call the corporate...
Posted: Mar 28, 2025
Pinnacol Assurance announced its 2025 general dividend will return roughly $15 million to more than 47,000 workers’ compensation insurance policyholders across Colorado. Th dividend marks the 10th consecutive year Pinnacol has returned dividend...
Posted: Mar 28, 2025
A carrier added the endorsement to a commercial general liability form and says that the endorsement adds liquor liability to the policy, as it eliminates the liquor liability exclusion.
Posted: Mar 27, 2025
Ratcliff’s is one of four strategic appointments reflecting the consultant’s focused investment in specialized industry expertise as it continues an ambitious growth trajectory.
Posted: Mar 27, 2025
The program provides what Willis calls a cost-effective and transparent approach for businesses creating marketing, advertising, and promotional content in the U.S.
Posted: Mar 27, 2025
This trending technology has the potential to revolutionize automated customer service and other processes in the insurance industry.
Posted: Mar 27, 2025
He joins from Peak 8 Advisors, where he was Managing Partner.
Posted: Mar 27, 2025
Unusually Active Hurricane Season in Store for the Atlantic: AccuWeather...
Posted: Mar 27, 2025
The California Department of Managed Health Care issued an all-plan letter designed to provide flexibility for health plans to assist healthcare providers impacted by the Los Angeles wildfires. Related: LA Municipal Utility Says No Evidence Energized...
Posted: Mar 27, 2025
Captives are required to meet a minimum capital standard, but this number is only the start to solvency and financial success for the company. Adequate capital enables growth, stability and opportunity to take on more risk in the future. Th...
Posted: Mar 27, 2025
ZestyAI: More Than $2 Trillion in U.S. Homes at High Risk of Wildfires While Western wildfires have domi...
Posted: Mar 27, 2025
Incidents of Full Contain...
Posted: Mar 27, 2025
Insurance Business Magazine - US
Posted: Mar 27, 2025
Insurance Business Magazine - US
Posted: Mar 27, 2025
J.P. Morgan, a financial services firm, recently conducted an in-depth analysis of the potential effects of US tariffs on the insurance industry. Their findings suggest that personal lines insurers, which include companies providing auto and home...
Posted: Mar 27, 2025
Consumer specialists with the Missouri Department of Commerce and Insurance (DCI) will participate in Multi-Agency Resource Centers (MARC) to answer insurance questions and help those impacted by the severe storms in Jefferson and St. Louis Counties....
Posted: Mar 27, 2025
The measles outbreaks in West Texas and New Mexico have surpassed a combined 370 cases, and two unvaccinated people have died from measles-related causes. Measles is caused by a highly contagious virus that’s airborne and spreads easily when an...
Posted: Mar 27, 2025
The fracking boom that resuscitated the Texas oil fields has also beaten up the infrastructure in the Permian Basin, the state’s biggest oil and gas drilling region. More heavy trucks drove through small towns, tearing up roads. Companies built...
Posted: Mar 27, 2025
This edition of International People Moves details appointments at Everest Re and the MGA Aqueous Underwriting. A summary of these new hires follows here. Everest Re Taps Haines From Carpenter as Global Head of Engineering Everest Reinsurance, the re...
Posted: Mar 27, 2025
Ryan Specialty has appointed former Aon executive Steve Keogh as the Chief Operating Officer, effective May 1st, 2025. Keogh is an industry veteran who started his career at Aon Global Risk Consulting as a Financial Analyst in 1988, subsequently s...
Posted: Mar 27, 2025
Lt. Gov. Dan Patrick said he will move to force an overtime session of the Legislature if lawmakers fail to ban THC or tighten Texas’ bail laws — two of his top priorities — before the current session ends in …
Posted: Mar 27, 2025