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CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its third industry loss estimate for the ice storm that impacted Ontario and Quebec from March 28 to 31, 2025, with losses now standing...
Posted: Jul 02, 2025
Smarter Insurance With Agentic AI AI & Machine Learning
Posted: Jul 02, 2025
How to Reclaim Time at Your Agency Agent & Broker
Posted: Jul 02, 2025
How Insurers Can Engage Gen Z Customer Experience
Posted: Jul 02, 2025
Global legacy re/insurance specialist Enstar Group Limited has announced the completion of its acquisition by investment firm Sixth Street for $338.00 in cash per ordinary share, representing a total equity value of $5.1 billion. The acquisition w...
Posted: Jul 02, 2025
The National Oceanic and Atmospheric Administration said Monday it is delaying by one month the planned cutoff of satellite data that helps forecasters track hurricanes. Meteorologists and scientists warned of severe consequences last week when NOAA...
Posted: Jul 02, 2025
The Telematics Edge in Commercial Auto Auto Insurance
Posted: Jul 02, 2025
AI Tools That Detect Healthcare Provider Fraud Life & Health
Posted: Jul 02, 2025
According to new data released by the Insurance Council of Australia (ICA), the total insured cost of extreme weather events in the first half of 2025 has now surpassed AUD 1.8 billion from 148,437 claims. A breakdown of these claims shows that th...
Posted: Jul 02, 2025
Global reinsurance broker Gallagher Re has announced the appointment of Pablo Muñoz as Chief Executive Officer (CEO) of Global Facultative Reinsurance, effective July 2, 2025. Based between London and Miami, Muñoz will leverage his over 25 years o...
Posted: Jul 02, 2025
A new law in that expands Washington workplace protections involving equal pay and promotion discrimination takes effect today. The law legislation passed in 2024 expands the Equal Pay and Opportunities Act from gender discrimination to also include:...
Posted: Jul 02, 2025
Marsh McLennan Agency, part of the global Marsh insurance brokerage and services companies, has acquired Excel Insurance, an insurance agency in Medley, Florida. Excel was founded in 2020 and provides property/casualty solutions, including auto, wate...
Posted: Jul 02, 2025
The New Blueprint for Insurance Modernization Data Analytics
Posted: Jul 02, 2025
Achim Bosch has officially taken as Chief Executive Officer (CEO) of Deutsche Rückversicherung AG (Deutsche Rück) as of July 1st, 2025, from Frank Schaar, who held the role since February 2018, and is retiring. The Supervisory Board of Deutsche Rü...
Posted: Jul 02, 2025
New York City’s Port Authority Bus Terminal, a critical transport hub for Manhattan, is closed due to a multi-bus accident, according to transit authorities. New Jersey Transit bus services traveling to and from the terminal are being diverted...
Posted: Jul 02, 2025
Bus service into New York City from New Jersey has resumed after commuters faced delays and diversions on Wednesday morning due to a multi-bus accident at the Port Authority terminal in midtown, according to transit authorities. The express bus lane...
Posted: Jul 02, 2025
Modernizing the Insurance Premium Payment Experience Customer Experience
Posted: Jul 02, 2025
An explosion at a fireworks warehouse in northern California caused several fires, sending black smoke into the air and forcing evacuations, authorities said. There were no immediate reports of injuries. People were urged to avoid the area of Esparto...
Posted: Jul 02, 2025
Legacy Systems Quietly Undermine Your Success Data Analytics
Posted: Jul 02, 2025
Philadelphia Insurance reports its operations have been restored following a network outage. “We have resumed regular operations, though we continue to address minor technical issues as they arise,” the company stated in an update on its...
Posted: Jul 02, 2025
Transforming Insurers' Talent Strategies Talent Gap
Posted: Jul 02, 2025
A South Carolina beach town once nicknamed “Dirty Myrtle” because of its rowdy nightclubs and strip joints has become a magnet for retirees in a nation that continues to age. The number of residents age 65 years and older in …
Posted: Jul 02, 2025
In an interview with Reinsurance News, John Fitzgerald, President of MS Transverse, said the company’s recent upgrade of its Financial Strength Rating to A+ (Superior) from A (Excellent) by AM Best cements its leadership in the hybrid fronting spa...
Posted: Jul 02, 2025
Google was told by a California jury to pay $314 million over claims that it illegally used Android users’ cellular data to collect information without their knowledge. A state court jury in San Jose issued the verdict Tuesday following a ̷...
Posted: Jul 02, 2025
Leak Detection Revives Uninsurable Properties Predict & Prevent
Posted: Jul 02, 2025
With a background in law and international business, Lynn O'Leary heads up a global specialty business. The post
Posted: Jul 02, 2025
Insurer Nationwide said it has completed the purchase of Allstate’s Group Health business segment for $1.25 billion. The acquisition was announced in January. Nationwide said the purchase will strengthen and diversify Nationwide Financial’...
Posted: Jul 02, 2025
Recent heat waves across Europe could slow economic growth in Europe by half a percentage point in 2025, a report by Allianz Research showed, comparing a day with temperatures above 32 degrees Celsius to half a day of strikes. In …
Posted: Jul 02, 2025
Earnix, a Dynamic-AI platform for insurance, has announced that its new PolicyCenter v10 accelerator is now available to Guidewire PolicyCenter version 10 users via the Guidewire Marketplace, helping insurers respond quickly to market changes and...
Posted: Jul 02, 2025
Hiscox, the Bermuda-based global specialist insurer, has launched a new Cargo API (application programming interface)-based solution, available through broker partners for underwriting small cargo and stock throughput risks. Responding to demand for...
Posted: Jul 02, 2025
The Lloyd’s Market Association (LMA) has launched a new model clause, LMA5670 – General Sanctions Financial Crime Documentation Clause, designed to strengthen sanctions compliance in reinsurance and insurance contracts. This measure aims to empowe...
Posted: Jul 02, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Niala Butt as Head of Casualty Claims, UK, effective immediately, based in London. In her new role, she will report to Nik Mahida, Head of Third-party claims, U...
Posted: Jul 02, 2025
New York City Mayor Eric Adams has signed into law legislation reducing the auto-insurance liability coverage that for-hire vehicles must carry. The new law reduces the amount of personal injury protection (PIP), or no-fault, insurance coverage that...
Posted: Jul 02, 2025
Global reinsurer MAPFRE RE has entered into an agreement with ICEYE, an specialist in satellite-based disaster management solutions, to license its Flood Insights data globally. This collaboration aims to improve MAPFRE RE’s rapid and effective re...
Posted: Jul 02, 2025
Howden Japan Acquires Majority Stake in Retail Broker Holos Howden, the London-based insurance intermediary group, announced it has acquired a majority stake (68.3%) in Holos Holdings Co. Ltd., a leading retail insurance broker headquartered in Kyoto...
Posted: Jul 02, 2025
BMS Group, an independent global insurance and reinsurance broker, has announced the appointment of Janine Seifert as Managing Director of Strategy and Advisory at BMS Re, the reinsurance division of BMS Group. In her new role, Seifert will be bas...
Posted: Jul 02, 2025
Fortitude Re has closed a reinsurance transaction between its subsidiary, Fortitude Reinsurance Company Ltd. (FRL) and Unum Life Insurance Company of America (Unum), a subsidiary of Unum Group. Consistent with the agreement announced earlier this...
Posted: Jul 02, 2025
Truckers Fear Job Loss as New English Language Rules Take Effect At a trucking school in New Jerse...
Posted: Jul 02, 2025
DOGE Now Targeting SEC Policy, Eyes SPAC Rules, Sources Say President Donald Trump's...
Posted: Jul 02, 2025
Late one Friday night, a truck carrying sound equipment for legendary cumbia band Los Angeles Azules was pulled over along the Mexico-Puebla highway. Police at the checkpoint were in fact bandits, and upon seeing the pricey cargo they drew their R...
Posted: Jul 02, 2025
Global reinsurer Ariel Re has successfully sponsored its fifth catastrophe bond, Titania Re 2025-1, providing it with $150 million of multi-peril retrocessional reinsurance protection with a state-weighted industry loss trigger over four years. Co...
Posted: Jul 02, 2025
Marks & Spencer Group Plc expects its online services to be fully restored in the next four weeks as it continues to recover from April’s cyberattack, Chief Executive Officer Stuart Machin said. “I’m really hoping by August the...
Posted: Jul 02, 2025
Howden, the global insurance and reinsurance broking group, has acquired a majority stake (68.3%) in Holos Holdings Co., Ltd. (Holos), a Kyoto-headquartered retail insurance broker. Founded in 2001 by Kei Horii, Holos is a privately owned retail i...
Posted: Jul 02, 2025
Bermuda domiciled re/insurer Aspen Insurance Holdings has announced the appointment of Mariza Costa as Head of Investor Relations. In her new role, Costa will be responsible for managing relationships between Aspen and its investors, analysts, rat...
Posted: Jul 02, 2025
A cyber hacker broke into a database containing the personal information of millions of customers, Qantas said, in Australia’s biggest breach in years and a setback for an airline rebuilding trust after a reputational crisis. The hacker targete...
Posted: Jul 02, 2025
Chariot Re, an independent Bermuda-based Class E life and annuity reinsurance firm launched with co-sponsorship by MetLife and General Atlantic, has completed its first reinsurance transaction with a subsidiary of MetLife. Chariot Re, unveiled in...
Posted: Jul 02, 2025
CFC, a specialist insurance provider focused on emerging risks and cyber, has announced the appointment of Ian McLean as Chief Technology Officer. In his new role, McLean will be responsible for accelerating the delivery of CFC’s technology roadma...
Posted: Jul 02, 2025