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A coalition of pension funds and insurance companies holding a combined $9.5 trillion of assets has called on investors to ensure their portfolios aren’t supporting or enabling deforestation. The Net-Zero Asset Owner Alliance, whose signatories...
Posted: Jun 18, 2025
Trucordia announced that it has completed a comprehensive debt refinancing that it says significantly enhances the company’s capital structure and positions it for continued growth. The transaction closes concurrently with the $1.3 billion stra...
Posted: Jun 18, 2025
A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI regulation is contained within the sweeping tax bill, R...
Posted: Jun 18, 2025
The Supreme Court on Monday ordered a New York court to take a new look at whether some religious organizations should be excluded from a state regulation requiring health insurance plans to cover abortions. The justices acted after the court …
Posted: Jun 18, 2025
Ambac Financial Group, Inc., an insurance holding company, has provided an update on the timing of the sale of its legacy financial guarantee businesses to funds managed by Oaktree Capital Management, L.P., and on the extension of the maturity dat...
Posted: Jun 18, 2025
Michael Steel, General Manager at Moody’s – Insurance Solutions, has announced the appointment of Joe Melly as the new Head of the Casualty sub-segment within Moody’s – Insurance Solutions. Melly will also join the company’s Senior Lea...
Posted: Jun 18, 2025
S&P has indicated that Israel’s government-backed insurance scheme is expected to absorb most losses related to the conflict with Iran, and the agency does not currently anticipate taking negative rating actions on the country’s insurance or b...
Posted: Jun 18, 2025
Guy Carpenter, a risk and reinsurance specialist, has announced a partnership with Valloop, a financial platform focused on employee ownership, to support employee buyouts of small and medium-sized enterprises (SMEs) through a new financial struct...
Posted: Jun 18, 2025
Around the annual meeting of the legacy insurance and reinsurance marketplace in Brighton, UK, last month, we hosted a roundtable discussion in partnership with global reinsurer Swiss Re, during which experts from across the market discussed trend...
Posted: Jun 18, 2025
This edition of International People Moves details appointments at Hamilton Re and Hamilton Global Specialty as well as Aon. A summary of these new hires follows here. Hamilton Re, Hamilton Global Specialty Name New CEOs, as Graves Retires Hamilton I...
Posted: Jun 18, 2025
Arch Insurance UK Regional Division has announced the promotion of Mark McGrady to Liability Underwriting Manager. McGrady will report to Stuart Danskin, Director of Underwriting for the UK Regional Division. In his new role, McGrady will lead the...
Posted: Jun 18, 2025
Lloyd’s of London-backed start-up Testudo, part of Lloyd’s Lab innovation accelerator, has launched a new data and technology platform aimed at underwriting insurance policies for risks associated with artificial intelligence. Testudo, a company i...
Posted: Jun 18, 2025
Tokio Marine HCC (TMHCC), a specialty insurance provider, has announced the appointment of Elizabeth Geary to the newly created role of President & CEO of North America P&C, effective June 30th, 2025. Based in New York City, Geary will rep...
Posted: Jun 18, 2025
An Oklahoma man faces felony charges for illegally growing marijuana, Attorney General Genter Drummond’s office announced. Hui Tang, 51, of Kingfisher, was arrested in the wake of a May 29 raid by The Attorney General Office’s Organized C...
Posted: Jun 18, 2025
Slide Insurance has announced the pricing of its upsized initial public offering of 24,000,000 shares of its common stock, par value per share $0.01, at a public offering price of $17.00 per share. Slide has revealed that it is offering 16,666,667...
Posted: Jun 18, 2025
Howden, the global insurance and reinsurance broking group, has acquired a Santiago-headquartered independent retail insurance broker, Ureta & Fernandez Corredores de Seguros Limitada (U&F). U&F was founded in 2010 by Felipe Ureta, the...
Posted: Jun 18, 2025
Hurricane risk isn’t exclusive to Florida — or to coastal areas at all, for that matter. Many people, including insurance professionals, do not realize how far hurricane risk can spread. Migration patterns within Florida show that people are aw...
Posted: Jun 18, 2025
Resilience, a provider of cyber risk solutions, has announced that recently retired Colonel Judson C. Dressler will join the company to lead its Risk Operations Centre (ROC). Dressler will be responsible for overseeing the expansion of the ROC—an...
Posted: Jun 18, 2025
A powerful storm system brought severe weather across parts of the Central Plains and Midwest early this week, with more storms forecast for Wednesday. A moist and unstable atmosphere led to significant rainfall, hail and tornadoes in Minnesota on Mo...
Posted: Jun 18, 2025
In any other year, May 14 may well have been an energy disaster in Texas. Temperatures climbed to seasonal levels not seen in over a century: 92F in Dallas, 95F in Houston and 104F in Laredo. Air conditioners hummed en …
Posted: Jun 18, 2025
A real estate investment firm isn’t covered for losses of rental income and soft costs over a delayed Missouri apartment construction project after the Eighth Circuit determined the firm’s status as an “Additional Named Insured̶...
Posted: Jun 18, 2025
China’s financial opening up and rapidly growing consumer market benefit the country and provide better asset allocation opportunities for global capital, Li Yunze, the head of China’s financial regulator, said in Shanghai on Wednesday. T...
Posted: Jun 18, 2025
Credit rating company S&P Global Ratings has assigned independent reinsurance group, Barents Re Reinsurance Company Inc. (Cayman Islands), and two of its subsidiaries (collectively Barents Re) an ‘A-‘ long-term issuer credit and fi...
Posted: Jun 18, 2025
The commercial shipping industry is chasing a novel carbon-free propulsion technology as it pursues a lofty climate goal: nuclear power. Shipping accounts for more planet-warming greenhouse gas emissions than Japan. The sector is responsible for 3% o...
Posted: Jun 18, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has introduced new leadership roles to oversee three recently established divisions in its UK and MENA region: marine & aviation, specialty, and property. This restructur...
Posted: Jun 18, 2025
U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows. LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stab...
Posted: Jun 18, 2025
Moody’s Ratings, a provider of credit ratings, research, and risk analysis, expects European insurers to significantly increase their exposure to private credit investments in the coming years. As of 2024, these assets accounted for approximately...
Posted: Jun 18, 2025
Three years after it purchased BenefitMall, Alabama-based CRC Group is rebranding its employee benefits division as CRC Benefits, the company announced this week. The change marks a significant step in aligning the division with CRC Group’s bro...
Posted: Jun 18, 2025
Three years after it purchased BenefitMall, Alabama-based CRC Group is rebranding its employee benefits division as CRC Benefits, the company announced this week. The change marks a significant step in aligning the division with CRC Group’s bro...
Posted: Jun 18, 2025
Commercial and specialty lines insurer HDI Global SE has announced the appointment of Alexandrine Ajavon as General Manager Global Network Africa, report to Martial Fuge, Head of Global Network at HDI Global. In her new role based in Paris, Ajavon...
Posted: Jun 18, 2025
AM Best has downgraded the Financial Strength Rating to B- (Fair) from B++ (Good) and the Long-Term Issuer Credit Ratings to “bb-” (Fair) from “bbb” (Good) of Oregon Mutual Insurance Company and Western Protectors Insurance Co...
Posted: Jun 18, 2025
Erie Insurance said it has “seen no evidence of ransomware and there is no indication of ongoing threat actor activity” in a June 17 update on its 10-day long network outage. That statement would appear to contradict claims in two …
Posted: Jun 18, 2025
California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola...
Posted: Jun 18, 2025
California Insurance Commissioner Ricardo Lara named new leadership of the Insurance Diversity Task Force. The 15-member task force elected its newest chair to be Vikita Poindexter, CEO of Poindexter Consulting Group, and vice chair to be Dr. Fabiola...
Posted: Jun 18, 2025
The U.S. Department of Labor (DOL) has reached an agreement with an Idaho grocery store requiring the employer to pay $250,833 in civil money penalties and $5,078 in back wages and damages—and take steps to ensure future compliance with federal ̷...
Posted: Jun 18, 2025
The pathway to M&A activity/liquidity in the insurance brokerage industry traditionally has followed a common pattern: small to mid-sized brokers were either traded between financial sponsors or bolted onto a larger strategic partner with minimal...
Posted: Jun 18, 2025
Philadelphia Insurance Companies said it has been able to restore limited network access as it continues to deal with a network outage that has affected operations since June 9. “Employees across the country are beginning to regain access to ke...
Posted: Jun 18, 2025
Insurance Business Magazine - US
Posted: Jun 17, 2025
The new FairMatch platform uses automation and valuation logic to streamline personal property claims for insurers and policyholders.
Posted: Jun 17, 2025
The new integration enables life insurers to streamline inbound payments using One Inc’s PremiumPay within Verisk’s configurable life insurance system.
Posted: Jun 17, 2025
The latest CoreSuite update introduces generative AI tools and improved migration features to accelerate digital transformation for life, pensions, and annuities providers.
Posted: Jun 17, 2025
The integration of Sixfold’s AI platform aims to streamline underwriting workflows and improve decision-making for insurers.
Posted: Jun 17, 2025
Both appointments are subject to requisite regulatory approvals.
Posted: Jun 17, 2025
backd by TAL offers life, income, and illness protection, embedded into employers' payroll and HR platforms.
Posted: Jun 17, 2025
Cameron Specialty specializes in UK property insurance in the commercial combined and property owners sectors.
Posted: Jun 17, 2025
Homeland Security Secretary Kristi Noem directed the Federal Emergency Management Agency to prepare a memo on how to abolish itself and create a re-branded, radically smaller disaster response organization, according to a copy of the document reviewe...
Posted: Jun 17, 2025
U.S. Homeowners Insurance Rates Rose 40.4% in Six Years, Report Shows U.S. homeowners insurance rates rose...
Posted: Jun 17, 2025