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Posted: Aug 29, 2025
Posted: Aug 29, 2025
Lin Mun, an executive with over 21 years of extensive experience in the insurance and reinsurance industry, has been appointed as Director, Client Management of Aon Reinsurance Malaysia. With a deep understanding of the market and client needs, Mu...
Posted: Aug 29, 2025
Rebuilding Continues 20 Years After Hurricane Katrina Rocking on his front porch overlooking the Missis...
Posted: Aug 29, 2025
Tesla and Waymo’s Different Robotaxi Approaches Will Shape...
Posted: Aug 29, 2025
Sunny skies and mild temperatures this week greeted the biggest US farm show of the year. The contrast couldn’t be greater with the sentiment among attendees as low crop prices and trade tariffs squeeze the agricultural sector. The market for &...
Posted: Aug 29, 2025
The devastating flooding in Houston caused by Hurricane Harvey in 2017 killed dozens of people, inundated hundreds of thousands of homes and left the community desperate for a solution. Since then, local flood experts have extensively studied the pos...
Posted: Aug 29, 2025
The devastating flooding in Houston caused by Hurricane Harvey in 2017 killed dozens of people, inundated hundreds of thousands of homes and left the community desperate for a solution. Since then, local flood experts have extensively studied the pos...
Posted: Aug 29, 2025
Scientists at National Oceanic and Atmospheric Administration (NOAA)’s Global Systems Laboratory said it has developed an hourly assessment of wildfire potential across the U.S. The Boulder, Colorado-based lab’s Hourly Wildfire Potential...
Posted: Aug 29, 2025
Asian reinsurers are actively expanding to mature overseas markets to diversify their portfolios and improve cycle management, a move seen by credit rating agency AM Best as credit positive. According to a recent AM Best report, many reinsurers in...
Posted: Aug 29, 2025
When Hurricane Katrina slammed into New Orleans in August 2005, causing greater insurance losses than any other natural disaster in history, it became clear that a lot of the city’s flood protection engineering — walls, pumps, levees — had fail...
Posted: Aug 29, 2025
ACORD, the global standards-setting body for the insurance industry, has announced the launch of the Next-Generation Digital Standards (NGDS) Object Model, designed to streamline digital data exchange across the insurance industry. The NGDS Object...
Posted: Aug 29, 2025
OpenAI, Altman Sued Over ChatGPT’s Role in Teen’s Suicide The parents of a teen who died by suici...
Posted: Aug 29, 2025
Crews cleaned up downed trees and got electricity mostly restored for thousands of people this week after a powerful dust storm roared through the Phoenix area. The wall of dust towering hundreds of feet high dwarfed the city’s neighborhoods. C...
Posted: Aug 29, 2025
A jury has awarded at least $2.2 million to a protester who was shot in the face with a less-lethal munition by a Los Angeles sheriff’s deputy during a demonstration against police brutality in 2020. In the verdict last week, …
Posted: Aug 29, 2025
Ryan Specialty Underwriting Managers (RSUM), the underwriting management division of Ryan Specialty, has announced the appointment of Alan Ferguson as Chief Executive Officer of US Assure, effective September 1, 2025. Ferguson, who will continue t...
Posted: Aug 29, 2025
kWh Analytics, a climate insurer and risk manager for renewable energy projects, through its licensed insurance entity, Solar Energy Insurance Services, Inc., has expanded its portfolio with a new Excess Natural Catastrophe coverage to protect the...
Posted: Aug 29, 2025
Heavy rain caused flooding and landslides Wednesday in parts of Southeast Asia, where at least eight deaths were reported in the aftermath of a tropical storm. Flooding occurred in several northern and central provinces of Vietnam, where seven people...
Posted: Aug 29, 2025
Fitch Ratings’ review of GAAP financial results for 41 North American (NA) re/insurers showed strong operating returns, strong underwriting results, and higher investment income in the first half of 2025, despite elevated catastrophe activity. Fit...
Posted: Aug 29, 2025
Kenya’s biggest publicly traded insurer by market value is planning expansion in African nations with low insurance penetration to augment and diversify revenue. Britam Holdings Ltd., which already has operations in seven African nations, will...
Posted: Aug 29, 2025
China Reinsurance (Group) Corporation (China Re) released its unaudited results for the first half of 2025, reporting a net profit of RMB 6,599 million, up 11.4% from RMB 5,922 million in the same period a year earlier. The Group achieved gross wr...
Posted: Aug 29, 2025
Liberty Mutual Reinsurance (LM Re) and Safehub, a provider of seismic sensor and risk management technology, announced the launch of an earthquake parametric insurance solution, called “ShakeNet Parametric.” With capacity provided by LM R...
Posted: Aug 29, 2025
AXA COLPATRIA, AXA Climate, Fondo Acción, and WTW Alternative Risk Transfer, have jointly designed a parametric insurance programme to protect coral reefs in the Colombian Archipelago of San Andrés, Providencia and Santa Catalina. In this effort,...
Posted: Aug 29, 2025
Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has appointed company veteran, Tetsushi Kitano as Country Manager for Thailand, effective September 1st, 2025. The appointment aligns with Allianz Trade’s str...
Posted: Aug 29, 2025
Ledgebrook Inc., a technology-focused provider in the Excess and Surplus Lines insurance sector, has launched Ledgebrook Re, a boutique reinsurance brokerage and advisory firm dedicated to supporting the next generation of insurance innovators. Le...
Posted: Aug 29, 2025
Mitsui Sumitomo Insurance, a subsidiary of MS&AD Insurance Group Holdings, has announced the launch of its new parametric insurance product, “Weather Insurance Index”, a new offering designed to help insurers manage financial losse...
Posted: Aug 29, 2025
Canada’s record-breaking 2023 wildfire season led to a spike in air pollution in the country and in the US, erasing recent progress in cleaning up the air, according to new analysis. The wildfires, which burned 42 million acres of Canadian R...
Posted: Aug 29, 2025
S&P Global Ratings has upgraded Ascot Group Limited, a Bermuda-based specialty re/insurance company, raising its long-term issuer credit rating to BBB+ from BBB. At the same time, S&P assigned an A long-term financial strength rating to As...
Posted: Aug 29, 2025
The wildfires that raged across Greece, Turkey and Cyprus this summer were 22% more intense and 10 times more likely than they would have been in a world without climate change, according to scientists. The extremely hot, dry and windy …
Posted: Aug 29, 2025
Insurance Business Magazine - US
Posted: Aug 29, 2025
The European “Big Four” reinsurers—Swiss Re, Munich Re, Hannover Re and SCOR—still have appetite for property catastrophe, despite market conditions beginning to show signs of softening, according to a recent AM Best report. The ratings agency not...
Posted: Aug 29, 2025
A Sierra Club employee filed a workplace misconduct complaint earlier this year with the board of directors alleging that then-executive director Ben Jealous engaged in sexual harassment and bullying. The employee’s complaint, reviewed by Bloom...
Posted: Aug 29, 2025
HDI Global, a commercial and specialty lines insurer, has announced the appointment of Nikita Tikhonov as its new Head of Marine Global Risk, effective 1st September, 2025. Based at HDI Global’s Hannover, Germany headquarters, Tikhonov will...
Posted: Aug 29, 2025