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Advent to acquire Sapiens for $2.5bn

Reinsurance News

Advent, a leading global private equity investor, has entered into a definitive agreement to acquire Sapiens International Corporation N.V., a provider of software solutions for the insurance industry, for $43.50 per common share, in an all-cash t...

Posted: Aug 13, 2025

Israeli Insurance Software Firm Sapiens to Be Bought by Advent for $2.5 billion

Insurance Journal

Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom. The deal comes …

Posted: Aug 13, 2025

Israeli Insurance Software Firm Sapiens to Be Bought by Advent for $2.5 Billion

Insurance Journal

Israeli software provider Sapiens International said on Wednesday that it will be acquired by Advent International for $2.5 billion in cash, as the U.S. private equity firm zeros in on the insurance industry amid an AI boom. The deal comes …

Posted: Aug 13, 2025

Dynamic Re strengthens leadership to support global expansion

Reinsurance News

Dynamic Re, a global underwriting firm providing reinsurance solutions to clients and partners worldwide, is expanding its operations and updating its leadership structure to support this growth. Francisco Hernández has been appointed Global CEO,...

Posted: Aug 13, 2025

American Integrity’s GPW up 30% in Q2’25 as in-force policies surpasses 400,000

Reinsurance News

Tampa, Florida-headquartered property insurer, American Integrity Insurance, has reported a 29.5% increase in gross premiums written (GPW) in the second quarter of 2025 to $287 million from $221.6 million in Q2’24. At the same time, in Q2’25, gros...

Posted: Aug 13, 2025

Antares Syndicate posts H1’25 profit as GWP expand to $369m

Reinsurance News

Antares Syndicate 1274 at Lloyd’s, which writes Property, Casualty, Marine and Specialty insurance and reinsurance, has reported a UK GAAP profit of $42 million for H1 2025, up from $41 million in H1 2024. During H1 2025, the syndicate also achiev...

Posted: Aug 13, 2025

Aon names Jocelyn Po as Country Head of Philippines, Reinsurance Solutions

Reinsurance News

Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has announced the appointment of Jocelyn Po as Country Head of Philippines. In her new role, Po will report to Musa Adlan, Managing Director of Asia and Head of Southeast...

Posted: Aug 13, 2025

Richard Mills to lead Amiga Specialty Transactional Risks, UK & Europe as MD

Reinsurance News

Amiga Specialty, a B.P. Marsh-backed managing general agent (MGA), is welcoming Richard Mills as Transactional Risks Managing Director, UK & Europe, effective immediately. In his new role he has been tasked with establishing the transactional...

Posted: Aug 13, 2025

Beazley grows premiums to $3.19bn in H1’25 amid disciplined market stance

Reinsurance News

Beazley has reported insurance written premiums of $3.19 billion in H1 2025, up 2% from $3.12 billion in H1 2024, with CEO Adrian Cox saying the growth reflects the firm’s disciplined approach and its strategy of prioritising rate adequacy a...

Posted: Aug 13, 2025

Broker concern over underinsurance in UK non-standard market & accelerated market softening: Prestig...

Reinsurance News

A new survey by Prestige Underwriting has highlighted growing concerns among UK insurance brokers about the disconnect in the non-standard market, where an increasing number of clients are underinsured amid a softening market. The Prestige Underwr...

Posted: Aug 13, 2025

Typhoon Podul Slams Into Southern Taiwan, Hundreds of Flights Canceled

Insurance Journal

Typhoon Podul hit Taiwan’s sparsely populated southeast coast on Wednesday packing winds of up to 191 kph (118 mph), as a large swathe of southern and eastern parts of the island shut down and hundreds of flights were canceled. Taiwan …

Posted: Aug 13, 2025

Update: Typhoon Podul Slams Into Southern Taiwan, Hundreds of Flights Canceled

Insurance Journal

Typhoon Podul blew through southern Taiwan on Wednesday packing winds of up to 191 kph (118 mph) and leaving one person missing, as a large swathe of the island shut down and hundreds of flights were canceled. Taiwan is regularly …

Posted: Aug 13, 2025

SiriusPoint to provide Arden with capacity for new US wildfire parametric solution

Reinsurance News

Bermuda-based insurer and reinsurer SiriusPoint has partnered with Arden Insurance Services LLC, a United States-based commercial property managing general underwriter (MGU), as a capacity provider for the MGU’s newly launched wildfire-expos...

Posted: Aug 13, 2025

Stonybrook appoints Peter McGuire to Board of Directors

Reinsurance News

Stonybrook Capital & Risk Management, a global advisory boutique, has announced the appointment of Peter McGuire to its Board of Directors. McGuire is an industry veteran with over three decades of experience in the re/insurance sector. He fou...

Posted: Aug 13, 2025

Pole Star Global expands into marine insurance with Clearwater Dynamics acquisition

Reinsurance News

Pole Star Global, a provider of maritime intelligence solutions, has acquired UK-based Clearwater Dynamics, a real-time maritime risk intelligence company, marking its expansion into the marine insurance sector. The deal creates a new, integrated...

Posted: Aug 13, 2025

Seckin Atilgan joins Willis Credit Risk Solutions as Head of Growth, Trade Credit in Asia

Reinsurance News

Willis, a WTW business, has announced the appointment of Seckin Atilgan as Head of Growth for Trade Credit in Asia, within its Credit Risk Solutions business. Based in Singapore, Atilgan will report to Lee Garvey, Head of Credit Risk Solutions, As...

Posted: Aug 13, 2025

Appeals Court Says DOGE Team Can Access Sensitive Data

Insurance Journal

A U.S. appeals court on Tuesday rejected a bid by a group of unions to block the Trump administration government downsizing team known as the Department of Government Efficiency from accessing sensitive data on Americans. The Virginia-based 4th U.S....

Posted: Aug 13, 2025

Employers Miss Out on Talent When Remote Work Isn’t Allowed: Survey

Insurance Journal

New insights into workforce recruitment and retention challenges suggest employers who don’t allow a remote work option may be missing out on talent, according to global background screening services and workforce management solutions provider...

Posted: Aug 13, 2025

Navigating The Challenging US Liability Litigation Environment

Insurance Journal

The liability litigation environment in the U.S. continues to be challenging, driven by increases in nuclear and thermonuclear verdicts, rising attorney representation rates and evolving litigation strategies. Sedgwick’s new Liability Litigatio...

Posted: Aug 13, 2025

US Steel Plant Hit by Deadly Blast Has History of Accidents

Insurance Journal

A United States Steel Corp. plant in Pennsylvania that experienced an explosion that killed at least two people has a history of accidents and violations over the past 15 years. The Clairton Coke Works plant near Pittsburgh, the biggest facility &#82...

Posted: Aug 13, 2025

The Sullivan Group Names Smith President And CEO

Insurance Journal

The Sullivan Group named Thom Smith president and CEO. Smith will be responsible for overseeing day-to-day operations, advancing strategic initiatives and driving long-term growth across the organization. His focus will include expanding treaty reins...

Posted: Aug 13, 2025

AM Best upgrades outlook on WAICA Re to positive, ratings affirmed

Reinsurance News

AM Best has revised the outlook for WAICA Reinsurance Corporation PLC (WAICA Re) to positive from stable, while affirming the company’s Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair). According t...

Posted: Aug 13, 2025

Men Collecting Workers’ Comp Caught Coaching Soccer, Flipping Cheesesteaks

Insurance Journal

New York state officials recently reported developments in two workers’ compensation fraud investigations involving Long Island residents who received thousands in benefits while engaging in off-the-books work — including one coaching high scho...

Posted: Aug 13, 2025

California and Washington Companies Paying $145M to Settle FTC Charges

Insurance Journal

A California healthcare company and a Washington healthcare company just pay $145 million in separate matters to resolve Federal Trade Commission charges over misleading consumers. Assurance IQ, LLC and MediaAlpha, Inc. will pay a total of $145 milli...

Posted: Aug 13, 2025

‘Data-Driven’ Workers’ Compensation Writer Pie Insurance Enters Connecticut

Insurance Journal

Pie Insurance announced it is now offering its “data-driven” workers’ compensation insurance in Connecticut, targeting the state’s more than 365,000 small businesses. “Connecticut’s economy depends on small busines...

Posted: Aug 13, 2025

Chevrolets, Hyundai Among Affordable Trucks and SUVs to Insure, Mercury Says

Insurance Journal

Two Chevrolets and a Hyundai topped the list of the most affordable new trucks and SUVs to insure for 2025, according to a new list compiled by California-based Mercury Insurance. Factors contributing to Mercury’s list included claims on simila...

Posted: Aug 13, 2025

AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Twin of Business

Carrier Management

AIG CEO Zaffino Highlights Integration of GenAI to Create Digital Tw...

Posted: Aug 12, 2025

Pie Insurance expands workers’ compensation coverage to Connecticut

coverager

Pie now offers workers' comp in 39 states and Washington, D.C.

Posted: Aug 12, 2025

Northwestern Mutual appoints Beth Rodenhuis as COO & business architect

coverager

Rodenhuis will report to Northwestern Mutual Chairman, President and Chief Executive Officer.

Posted: Aug 12, 2025

Best practices for serving insurance clients in 2025

coverager

Fine-tuning processes can help with tech integration and improve agency efficiency.

Posted: Aug 12, 2025

Advent to Acquire Sapiens in $2.5 Billion Deal

IIR

Sapiens shareholders will receive $43.50 per share in cash, representing a 64% premium to the company’s undisturbed closing price.

Posted: Aug 12, 2025

adoro to Enter U.S. Pet Insurance Market in Q4

IIR

The Washington-based insurance agency will launch with Crum & Forster underwriting and backing from Griffin Highline Capital and Badger Equity.

Posted: Aug 12, 2025

What a 65-Year-Old Retiring This Year Can Expect to Pay for Healthcare

Insurance Forums

A 65-year-old retiring in 2025 can expect to spend an average of $172,500 in healthcare … Read more

Posted: Aug 12, 2025

Why Supply Chain Risk Still Surprises Cyber Insurers

Insurance Thought Leadership

Why Supply Chain Risk Still Surprises Cyber Insurers Cyber

Posted: Aug 12, 2025

Agencies Need Multilingual Customer Support

Insurance Thought Leadership

Agencies Need Multilingual Customer Support Agent & Broker

Posted: Aug 12, 2025

Protected: Jersey Shore Jumble

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Jersey Shore Jumble appeared first on Risk & Insurance....

Posted: Aug 12, 2025

New Studies Tie Unrecognized Deaths, Health Problems to Maui and LA Wildfires

Carrier Management

New Studies Tie Unrecognized Deaths, Health Problems to Maui and LA Wildfires The toll of wildfires is...

Posted: Aug 12, 2025

Explosions at US Steel Plant Leaves 2 Dead, 10 Injured

Carrier Management

Explosions at US Steel Plant Leaves 2 Dead, 10 Injured Multiple explosions on Monday at a U.S. Steel plant near Pittsburgh, Pennsylvania, killed two people and injured 10 others, according to the company and local authorities. The blasts at the Clair...

Posted: Aug 12, 2025

Most Affordable New Trucks, SUVs to Insure: Mercury Insurance

Carrier Management

Most Affordable New Trucks, SUVs to Insure: Mercury Insurance A...

Posted: Aug 12, 2025

Employees Question Extensive Use of AI by Managers: Study

Carrier Management

Employees Question Extensive Use of AI by Managers: Study Though the use...

Posted: Aug 12, 2025

AAIP Names 2025/26 Officers and Directors

Insurance Journal

The Austin Association of Insurance Professionals (AAIP) held their 2025 installation dinner on Wednesday, June 20th at The Oasis on Lake Travis in Austin, Texas. The 2025/26 Officers & Directors for AAIP were installed. AAIP President, Meghan We...

Posted: Aug 12, 2025

Chemical Safety Board to Investigate Fatal US Steel Facility Explosion

Insurance Journal

The U.S. Chemical Safety and Hazard Investigation Board (CSB) said today that it is investigating the fatal explosions and fires at U.S. Steel’s Clairton Coke Works plant in Clairton, Pennsylvania, that occurred on Monday. Two people were kille...

Posted: Aug 12, 2025

Judge Stops Hazardous Waste Shipments to Michigan Landfill

Insurance Journal

A judge has stopped government contractors in five states from sending hazardous waste to a Michigan landfill after a year of legal challenges by Detroit-area communities concerned about possible environmental impacts. Wayne County Judge Kevin Cox sa...

Posted: Aug 12, 2025

Wisconsin Severe Storms Cause Flooding, Knock Out Power

Insurance Journal

Flash flooding canceled the final day of the Wisconsin State Fair on Sunday as continued heavy rainfall in half a dozen Midwest states forced motorists to abandon their vehicles, cut power to thousands of households and closed busy roadways. Organize...

Posted: Aug 12, 2025

Texas Homeowners Question Whether to Rebuild After Floods

Insurance Journal

Brian Keeper doesn’t remember exactly when his family began spending holidays in Hunt, an unincorporated town on the banks of the Guadalupe River where they’d camp, swim, and fish. Sometimes they caught so many perch, bass, and catfish th...

Posted: Aug 12, 2025

Swiss Re introduces guidance for underwriters on repurposed longevity drugs

Reinsurance News

Swiss Re’s August 2025 Life Guide has introduced guidance for underwriters on how to assess life insurance applicants who show signs of using repurposed longevity drugs, an emerging trend among health-conscious individuals. The update provid...

Posted: Aug 12, 2025