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ASIC names Stefanie Milch as Head of Claims

Reinsurance News

AM Specialty Insurance Company (ASIC), a provider of specialised insurance products, has appointed Stefanie Milch as its new Head of Claims. The firm stated that this appointment underscores its commitment to providing innovative risk solutions su...

Posted: Mar 27, 2025

Insurers shift investment strategies as inflation concerns resurface: Goldman Sachs

Reinsurance News

Goldman Sachs Asset Management, an investment firm managing assets across diverse sectors, has released its 14th Annual Global Insurance Survey, offering insight into how insurers are adjusting their investment strategies in response to evolving e...

Posted: Mar 27, 2025

Jimmy Tsai to lead newly-launched Howden Re Taiwan as MD

Reinsurance News

Howden has announced the launch of Howden Re Taiwan, appointing Jimmy Tsai to lead the office as Managing Director. Tsai, who will join Howden in June this year, has over 15 years of experience in the Taiwanese and Asian reinsurance market. He beg...

Posted: Mar 27, 2025

Willis launches insurance solution for marketing & advertising production in US

Reinsurance News

Willis, a WTW business, has launched AdWrap, a master-controlled insurance program designed to streamline production insurance for businesses and their contracted vendors. AdWrap offers a cost-effective and transparent solution for companies produ...

Posted: Mar 27, 2025

Banyan Risk expands D&O capacity with PartnerRe alliance

Reinsurance News

Bermuda-domiciled specialty managing general agent (MGA), Banyan Risk, has entered into a long-term strategic alliance with global reinsurer PartnerRe to expand its Directors and Officers (D&O) insurance capacity up to $10 million. As per the...

Posted: Mar 27, 2025

Markets/Coverages: Westfield Adds Inland Flood Option; Rokstone Launches Farm & Ranch in 14 States

Insurance Journal

Westfield Expands Flood Protection Options for Homeowners Property/casualty insurer Westfield is expanding its protection options for U.S. homeowners by offering an inland flood coverage add-on designed to help reduce the insurance gap for those livi...

Posted: Mar 27, 2025

Munich Re’s Standard Ethics Rating upgraded to “EE+”

Reinsurance News

Standard Ethics has upgraded Munich Re’s Corporate Standard Ethics Rating (SER) to “EE+” 1 from the previous “EE”. Munich Re has been rated by Standard Ethics since 2016 and is part of both the SE German Index and the SE European 100 Index. Standa...

Posted: Mar 27, 2025

Verisk nominates Christopher Perry and Sabra Purtill to its Board

Reinsurance News

Insurance and analytics provider Verisk has announced that its Board of Directors has nominated Christopher J. Perry and Sabra R. Purtill to stand for election as Directors at the company’s Annual Meeting on May 20th, 2025. Perry brings over 25 ye...

Posted: Mar 27, 2025

Cyber Security Threat Detected at Kuala Lumpur International Airport: Malaysia Airports

Insurance Journal

A cyber security threat affecting computer systems at the Kuala Lumpur International Airport was detected on Sunday, the National Cyber Security Agency and Malaysia Airports said in a joint statement. The operations at KLIA were not impacted and auth...

Posted: Mar 27, 2025

Unusually Active Hurricane Season in Store for the Atlantic: AccuWeather

Insurance Journal

Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the US, AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical storm strength, and seven to 10 of those …

Posted: Mar 27, 2025

Climate Change Triggers More Extreme Weather – From Deluges to Drought

Insurance Journal

Around the globe, rising temperatures stoked by climate change are increasing the odds of both severe drought and heavier precipitation that wreak havoc on people and the environment. Rainfall can disappear for years only to return with a vengeance,...

Posted: Mar 27, 2025

NAIC, Legislators Push to Abolish the Federal Insurance Office

Insurance Journal

Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the U.S. Treasury’s Federal Insurance Office. This comes on the heels of legislation, the Federal Insurance Office Eli...

Posted: Mar 27, 2025

People Moves: Trucordia Names Davidson SVP of Insurance Broking and Strategy

Insurance Journal

Trucordia, headquartered in Lindon, Utah, named Aaron Davidson senior vice president, broking and strategy. Davidson joins Trucordia from Peak 8 Advisors, where he was a managing partner. Earlier in his career, Davidson served as chief executive offi...

Posted: Mar 27, 2025

Washington, Nevada and Oregon Saw Biggest U.S. Vehicle Theft Drops in 2024

Insurance Journal

Washington, Nevada and Oregon had the biggest percentage drops in vehicle thefts in the U.S. in 2024, according to a new report that shows vehicle thefts nationally fell by 17% in 2024 from a year earlier, marking the largest annual …

Posted: Mar 27, 2025

Excess & Surplus Insurer Ategrity Files for IPO

Insurance Journal

New York-based Ategrity Specialty Insurance Co., a national specialty property/casualty insurer focused on the excess and surplus (E&S) lines market, has filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO)...

Posted: Mar 27, 2025

After Lahaina Fire, Residents Address Their Risk By Becoming ‘Firewise’

Insurance Journal

The car tires, propane tanks, gas generators and rusty appliances heaped on the side of a dirt road waiting to be hauled away filled Desiree Graham with relief. “That means all that stuff is not in people’s yards,” she said …

Posted: Mar 27, 2025

Aquarian Holdings forms insurance division

coverager

Aquarian Insurance Holdings will be led by John Frye and Jeff Burt as co-CEOs.

Posted: Mar 26, 2025

Agentero Launches Producerflow to Simplify Insurance Compliance Management

IIR

Producerflow is designed to help insurance organizations that struggle with onboarding new producers, managing licensing, and staying compliant with changing regulations.

Posted: Mar 26, 2025

Rising Uncertainty: Risk & Opportunity for Insurance Resilience

IIR

Now more than ever, it is urgent that insurers be more resilient and innovative, and that they transition to a predict and prevent defensive posture.

Posted: Mar 26, 2025

HDI Global Selects Guidewire for Policy Administration and Underwriting

IIR

The carrier selected Guidewire PolicyCenter on Guidewire Cloud to enhance operational efficiency, improve customer experience, facilitate scalability, and leverage data-driven insights.

Posted: Mar 26, 2025

Agentero launches Producerflow to Simplify Insurance Compliance and Producer Management

coverager

San Francisco, CA – Agentero, the Digital Insurance Network launched Producerflow –  a leading insurance compliance software designed to streamline insurance producer management. Now available for carriers, Managing General Agents...

Posted: Mar 26, 2025

How much time is New Business spending on NIGOs?

coverager

Over a 1/3 of life and annuity applications are submitted “not in good order.” Sureify is helping to reduce acquisition costs and deliver a better new business experience with automated NIGO resolution.

Posted: Mar 26, 2025

NavSav adds market agency leader for Central Texas

coverager

He will focus on leading regional growth, supporting agents, and strengthening client relationships.

Posted: Mar 26, 2025

Newfront adds Michael Ricksen as EVP

coverager

Ricksen joins from Aon.

Posted: Mar 26, 2025

Momentum AMP integrates with Sonant AI to automate insurance calls

coverager

Agencies using Momentum AMP can automate outbound policy renewal reminders and manage inbound calls using Sonant’s AI voice technology.

Posted: Mar 26, 2025

Don’t Roll the Dice Selecting a New Core Platform

Insurance Thought Leadership

Don’t Roll the Dice Selecting a New Core Platform From Our Partners sradomski Wed, 03/26/2025...

Posted: Mar 26, 2025

BRIE to raise $110 million of surplus financing

coverager

BRIE will focus on providing capacity for Baldwin’s builder-sourced homeowners book of business.

Posted: Mar 26, 2025

Xceedance invests in Friendly

coverager

Friendly’s platform turns medical and third-party data into structured insights.

Posted: Mar 26, 2025

Nayya partners with Mercer

coverager

Nayya’s AI-driven platform simplifies the benefits enrollment process.

Posted: Mar 26, 2025

Kyber Achieves SOC 2 Type II Certification: A Milestone for Enterprise-Grade Compliance

coverager

Kyber has achieved SOC 2 Type II certification, reinforcing its commitment to enterprise-grade security. This milestone validates Kyber’s ability to protect sensitive claims data with continuous monitoring and role-based access controls.

Posted: Mar 26, 2025

American National to exit life insurance

coverager

Earlier this month we reported that Kin is getting into the mortgage space.

Posted: Mar 26, 2025