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Argo Group appoints Arturo Pelaez as Chief Operating Officer

Reinsurance News

Argo Group, an underwriter of specialty insurance products in the property and casualty market, has announced the appointment of Arturo Pelaez as Chief Operating Officer. Pelaez brings over two decades of industry experience, with expertise in ins...

Posted: Jul 08, 2025

Florida Reinsurance Buyers Found Ample Property Capacity at Mid-Year Renewals

Insurance Journal

Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. &#8220...

Posted: Jul 08, 2025

Generali GC&C and Seguros Bolívar partner to cater to Colombia’s large companies

Reinsurance News

Generali’s Global Corporate & Commercial (GC&C) business unit and Seguros Bolívar have partnered to launch a reinsurance agreement to strengthen Colombia’s large corporate segment insurance offering. The partnership aims to provide large C...

Posted: Jul 08, 2025

Apple Takes Fight Against $587 Million EU Antitrust Fine to Court

Insurance Journal

Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European &#8...

Posted: Jul 08, 2025

Accredited welcomes Laure Kearns as UK CUO

Reinsurance News

Accredited Insurance Program Management has announced the appointment of Laure Kearns as UK Chief Underwriting Officer “Laure has a fantastic track record and brings the perfect blend of technical expertise and strategic vision to our Underwriting...

Posted: Jul 08, 2025

Howden appoints Hamish Ravindran as Chief Client Officer of Asia

Reinsurance News

Howden, the global insurance and reinsurance broking group, has appointed Hamish Ravindran its Chief Client Officer for Asia. Ravindran will be based out of Singapore and has 23 years of experience with commercial property insurer, FM Global. Most...

Posted: Jul 08, 2025

Insurance Europe backs EU goals to strengthen digital infrastructure & AI adoption

Reinsurance News

Insurance Europe has backed the EU’s ambition to strengthen digital infrastructure and AI adoption but stresses that the success of the Cloud and AI Development Act depends on taking an open, investment-led approach and avoiding restrictions on ac...

Posted: Jul 08, 2025

CRC Group to Acquire Lloyd’s Managing Agency Atrium Underwriting Group

Carrier Management

CRC Group to Acquire Lloyd’s Managing Agency Atrium Underwriting Gro...

Posted: Jul 08, 2025

White Mountains Acquiring Majority Stake in MGA Distinguished Programs

Carrier Management

White Mountains Acquiring Majority Stake in MGA Distinguished Programs B...

Posted: Jul 08, 2025

Ram Pickup Recalls Investigated After Seven Injuries Reported

Insurance Journal

US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20...

Posted: Jul 08, 2025

Second Ship Hit in Red Sea After Earlier Houthi Attack

Insurance Journal

A second vessel was attacked by five rocket-propelled grenades in the Red Sea near Yemen, just a few hours after Houthis claimed responsibility for an earlier attack on a ship sailing in the same area, making voyages through the key …

Posted: Jul 08, 2025

Update: Commercial Ship Under Continuous Houthi Attack in Red Sea

Insurance Journal

Yemen’s Houthi militants continued to pound a commercial ship in the Red Sea — hours after beginning an assault on the vessel that left crew missing — the latest sign that the Tehran-backed group is once again escalating its threat …

Posted: Jul 08, 2025

Deadliest Flooding in Last 25 Years Came in Areas With Low Flood Insurance Take-Up

Insurance Journal

Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …

Posted: Jul 08, 2025

Kentucky Auto Insurers Must Use Blue Book or J.D. Power on Vehicle Values, DOI Says

Insurance Journal

Auto insurers in Kentucky now have some official guidance and liability protection when determining the value of wrecked vehicles. In keeping with Senate Bill 136, approved on an emergency basis by state lawmakers this year, the Kentucky insurance co...

Posted: Jul 08, 2025

US Warns of Blackout Risk From Killing Coal as Trump Snubs Renewables

Insurance Journal

Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report seen as a precursor to a broader intervention to help keep coal-fired power plants from …

Posted: Jul 08, 2025

The Venetian in Las Vegas Settles Religious Discrimination and Retaliation Suit

Insurance Journal

The Venetian Resort on the Las Vegas Strip must pay $850,000 and implement policy changes to settle a religious discrimination and retaliation lawsuit. The suit, filed by the U.S. Equal Employment Opportunity Commission, names the Venetian Las Vegas...

Posted: Jul 08, 2025

Viewpoint: State Farm’s Wildfire Claims Response Is a Test of Trust and Operational Preparedness

Insurance Journal

State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agent...

Posted: Jul 08, 2025

Viewpoint: State Farm’s Wildfire Claims Response Is a Test of Trust and Preparedness

Insurance Journal

State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agent...

Posted: Jul 08, 2025

CyberCube identifies sectors most at risk from Scattered Spider attacks

Reinsurance News

CyberCube, a provider of cyber risk analytics, has identified Manufacturing, Education, IT, and Retail as the sectors most at risk of attacks from the threat actor group Scattered Spider — the group behind several recent high-profile cyber inciden...

Posted: Jul 08, 2025

Wildfire Smoke Brings a Forgotten Danger to the Arctic: Black Carbon

Insurance Journal

In 2023, the Canada wildfires that incinerated more than 17 million hectares (42 million acres) of boreal forest were so hot they melted the paint on approaching fire trucks and smoldered underground all winter. That heat created vast columns of &#82...

Posted: Jul 08, 2025

Erie Insurance Restores All Operations After Month Outage; Says No Data Exposed

Insurance Journal

Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is no evidence that any sensitive personal information, financial records or legally protected da...

Posted: Jul 07, 2025

Erie Insurance Restores All Operations After Month Outage; Says No Data Breached

Insurance Journal

Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is “no evidence” of a breach of any sensitive personal information, financial records...

Posted: Jul 07, 2025

OneClick Code Integrates Building Code Data With Verisk’s Xactware

IIR

The company says its code data will help insurance professionals resolve property claims faster and more accurately through Verisk’s platform.

Posted: Jul 07, 2025

MAPFRE RE Licenses ICEYE’s Global Flood Data

IIR

The reinsurer says ICEYE’s satellite insights will enhance its catastrophe response capabilities and expedite loss assessments.

Posted: Jul 07, 2025

Athora to acquire PIC Group for £5.7B

coverager

The acquisition will increase PIC’s capacity to support pension risk transfer deals and expand investment in long-term UK assets.

Posted: Jul 07, 2025

CRC Group enters Lloyd’s market with Atrium acquisition

coverager

Atrium will maintain its brand and leadership.

Posted: Jul 07, 2025

Is your eApp able to keep up with constant change?

coverager

Stop waiting months for vital eApp updates! Empower your team with direct control and unlock the agility you need. Discover how Sureify's LifetimeACQUIRE Studio helps your eApp stay current with today's dynamic environment.

Posted: Jul 07, 2025

Time is Money: The High Cost of Slow Payment Solution Implementation

coverager

Learn how lengthy payment system implementations impact your bottom line, from delayed ROI to hidden labor expenses. Waiting 6-12+ months can mean missing a whole year of benefits.

Posted: Jul 07, 2025

Wefox raises €151 million

coverager

The new funding puts Wefox "on a clear path to profitability" for full year 2025.

Posted: Jul 07, 2025

Tokio Marine establishes AI governance policy

coverager

The company began rolling out the policy in April 2025.

Posted: Jul 07, 2025

Philadelphia Insurance recovers from network outage

coverager

PHLY continues to work with law enforcement and cybersecurity experts as its forensic investigation progresses.

Posted: Jul 07, 2025

Deadly Texas Flash Floods Cause $18-22 Billion in Damage, AccuWeather Says

Insurance Journal

The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service …

Posted: Jul 07, 2025

Misinformation on Cloud Seeding Swirls After Deadly Texas Floods

Insurance Journal

In the aftermath of devastating floods in Texas, social media users have spread misinformation that cloud seeding is to blame. Meteorologists have been quick to debunk the claim, but the rumors underline how weather can be a magnet for conspiracy &#8...

Posted: Jul 07, 2025

The Daunting Warning From the Texas Flood

Insurance Thought Leadership

The Daunting Warning From the Texas Flood PaulCarroll Mon, 07/07/2025 - 14:04 The flash floodi...

Posted: Jul 07, 2025

Appeals Court Decertifies GM Transmission Lawsuits

Carrier Management

Appeals Court Decertifies GM Transmission Lawsuits General Motors persuaded a federal a...

Posted: Jul 07, 2025

2025 US Wildfires Nearly Double Over Same Time Last Year

Carrier Management

2025 US Wildfires Nearly Double Over Same...

Posted: Jul 07, 2025

Richard Li’s FWD Rises in HK Debut, Reversing Earlier Drop

Insurance Journal

Billionaire Richard Li’s FWD Group Holdings Ltd. rose in its Hong Kong trading debut, reversing earlier declines, after an initial public offering that raised HK$3.5 billion ($442 million). The insurer’s stock climbed 1.1% to HK$38.40 on...

Posted: Jul 07, 2025

North Dakota Unifies Insurance and Securities Departments Under New Law

Insurance Journal

North Dakota Insurance Commissioner Jon Godfread announced last week that the state’s Insurance and Securities are unifying into following the passage of Senate Bill 2214 during the 2025 legislative session. The new law allows the insurance com...

Posted: Jul 07, 2025

CRC Group Agrees to Acquire Lloyd’s Managing Agency Atrium Underwriting Group

Insurance Journal

CRC Group, the Charlotte, North Carolina-based wholesale specialty insurance distributor, has entered a definitive agreement to acquire Lloyd’s managing agency Atrium Underwriting Group Ltd. from investment funds managed by Stone Point Capital...

Posted: Jul 07, 2025

Insurance Industry Charitable Foundation Launches IICF Canada

Insurance Journal

Sarah Gladki announced as Executive Director of IICF’s 2nd International Division Toronto, Ontario, July 7, 2025 –The Insurance Industry Charitable Foundation (IICF), a unique nonprofit organization dedicated to helping communities and enrichin...

Posted: Jul 07, 2025

Ambac and Oaktree announce extension for financial guarantee business sale

Reinsurance News

Insurance holding company Ambac has extended from July 3, 2025, to December 31, 2025 the term of the stock purchase agreement relating to the sale of its legacy financial guarantee businesses -Ambac Assurance Corporation (AAC) and Ambac UK (AUK) &...

Posted: Jul 07, 2025

Tax Increase on Litigation Funders Does Not Make Final Budget Bill

Insurance Journal

When Trump’s huge tax bill was signed into law July 4, missing were changes to the taxes third-party litigation funders pay. Once included within the One Big Beautiful Bill (OBBB) was language to tax earnings by litigation funders. Critics had...

Posted: Jul 07, 2025