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A Texas agency overseeing 13 million acres of state land is warning that toxic waste fluid from shale drilling threatens to contaminate oil wells in North America’s most prolific crude basin. The General Land Office of Texas, which was founded...
Posted: Aug 11, 2025
Fires, storms and the potential for near-record high temperatures across the western US are in the offing for the coming week. The Gifford Fire, about 125 miles (201 kilometers) northwest of Los Angeles, had burned 114,621 acres and was 21% …
Posted: Aug 11, 2025
Electricite de France SA was forced to shut four atomic reactors after a swarm of jellyfish clogged up filter drums at its Gravelines power plant. The “massive and unforeseen” presence of jellyfish in the filter drums of pumping stations...
Posted: Aug 11, 2025
Insurer and reinsurer Lancashire Holdings Limited has announced a number of senior management changes at Lancashire Syndicates Limited and Lancashire Insurance Company Limited, as well as additional senior underwriting appointments. John Spence, C...
Posted: Aug 11, 2025
Global specialist insurer, Hiscox, has announced the appointment of Harriet Turner to its London Market business to lead its new sexual molestation liability (SML) cover – expanding its existing range of casualty products. Hiscox’s launch of SM...
Posted: Aug 11, 2025
WTW, an insurance and reinsurance broking group, has announced the appointment of Nicholas Carbo as Senior Director to its Insurance Consulting & Technology (ICT) business, a Florida-based role. In his new position, Carbo will be responsible f...
Posted: Aug 11, 2025
Howden Group, a UK-headquartered insurance broker and reinsurance intermediary, has completed a repricing of its US$3.1bn Term Loan B due 2031 and its £765m Revolving Credit Facility (RCF). The changes, finalised on 8 August, cut the Term Loan B m...
Posted: Aug 11, 2025
This edition of International People Moves details appointments at Lancashire Holdings and CFC Underwriting. A summary of these new hires follows here. Lancashire Announces Leadership Promotions, Including CEOs of Insurance Units Lancashire Syndicate...
Posted: Aug 11, 2025
Buyers face favorable conditions amid growing uncertainty and evolving risks, according to a report from Gallagher. The post Commercial Insur...
Posted: Aug 11, 2025
New research from Rising Medical Solutions reveals nearly half of claims professionals spend at least 30% of their time on administrative tasks, highlighting need for digital solutions. The post
Posted: Aug 11, 2025
ISS Sustainability Solutions, the sustainable investment division of ISS STOXX, has acquired Sust Global, a provider of geospatial risk modelling and analytics. The move aims to enhance ISS Sustainability Solutions’ ability to offer institutional...
Posted: Aug 11, 2025
CANTON, Miss. (AP) — Jeff Goodwin, director of the Mississippi state auditor’s compliance division, was congenial while describing to Canton officials how the office has taken $352,000 of the city’s revenue to pay for past-due audits – th...
Posted: Aug 11, 2025
Yong Li has joined NormanMax Insurance Solutions, a Lloyd’s coverholder and parametric re/insurance solutions provider, as President, Climate & Alternative Risk Solutions. With over two decades of experience, Li is a seasoned expert in commodi...
Posted: Aug 11, 2025
Insurance Business Magazine - US
Posted: Aug 11, 2025
Insurance Business Magazine - US
Posted: Aug 11, 2025
Insurance Business Magazine - US
Posted: Aug 11, 2025
CHARLESTON, W.Va. (AP) — Police in West Virginia shot and killed a knife-wielding man in a hospital emergency room after he attacked an employee early Friday, authorities said. The shooting occurred around 1:45 a.m. at Charleston Area Medical Center&...
Posted: Aug 11, 2025
TALLAHASSEE, Fla. (AP) — The Florida Department of Health has identified Keely Farms Dairy as the source of raw milk that has sickened 21 people with E. coli or campylobacter since January. A manager of the farm in New Smyrna …
Posted: Aug 11, 2025
Jacob’s Pillow, a renowned dance center in the Berkshires region of Massachusetts, announced it has canceled the rest of its summer festival, following a workplace accident in which an employee was killed. Production manager Kat (Kathryn) Siric...
Posted: Aug 11, 2025
Uzbekistan is preparing to launch its first national reinsurance company, the Reinsurance Company of Uzbekistan (RCU), in a move that international credit rating agency S&P Global Ratings describes as strategically important but highly depende...
Posted: Aug 11, 2025
Hiscox, a global specialist insurer, has announced the appointment of Adrees Tinkler from Allianz to lead a new Alternative Risk Transfer (ART) team within its London Market business. Tinkler will be based in London and is set to join Hiscox later...
Posted: Aug 11, 2025
A recent breach of Columbia University’s computer systems compromised personal information of about 870,000 people, including students and applicants, according to the school’s reports to state officials in the US. The hack included ̶...
Posted: Aug 11, 2025
Argo Group International Holdings, Ltd. reported a net income of $58.8 million for the second quarter of 2025, marking a significant 362.2% increase compared to $12.7 million in the same quarter a year earlier. Net income attributable to common sh...
Posted: Aug 11, 2025
In a Reinsurance News interview, IQUW—a property and specialty re/insurance business—shared insights into how SRCC (strikes, riots, and civil commotion) risks are evolving and how the industry is adapting. Speaking on behalf of the company were Ka...
Posted: Aug 11, 2025
TD Bank Group expects catastrophe claims of approximately $36 million, after reinsurance and before tax, to be reflected in its Wealth Management & Insurance segment results for the third quarter. This is significantly lower than the $186 mill...
Posted: Aug 11, 2025
Conor O’Riordan has been promoted to Group Chief Financial Officer (CFO) at The Fidelis Partnership (TFP), succeeding Hinal Patel, who is leaving the business for health reasons. As CFO, O’Riordan will oversee the financial reporting, planning, tr...
Posted: Aug 11, 2025
Pension Insurance Corporation plc (PIC), a specialist in insuring defined benefit pension schemes, has finalised a £4.3 billion buy-in with the Rolls-Royce UK Pension Fund. This landmark agreement safeguards the Fund’s outstanding liabilities, ens...
Posted: Aug 11, 2025
Australian insurer QBE has reported a statutory net profit after tax of $1.02 billion for the first half of 2025, a 27.4% increase from $802 million in the same period a year earlier. Adjusted net profit after tax was $997 million, up from $777 mi...
Posted: Aug 11, 2025
Moody’s Ratings has upgraded Klapton Reinsurance Limited’s (KlaptonRe) Insurance Financial Strength Rating (IFSR) to Caa1 from Caa2, while maintaining a stable outlook. According to Moody’s, the upgrade reflects KlaptonRe’s significant growth in b...
Posted: Aug 11, 2025
British retailer Marks & Spencer has resumed taking click and collect orders for clothing after a nearly four-month hiatus following a cyber hack and data theft. The 141-year-old M&S stopped taking orders through its website and app for cloth...
Posted: Aug 11, 2025
A subsidiary of Prudential Financial, Inc. has entered into a $4 billion longevity reinsurance risk transfer agreement with NN Life & Pensions, a subsidiary of NN Group, covering around 96,000 policyholders with The Prudential Insurance Compan...
Posted: Aug 11, 2025
TDB Group, an African trade and development lender, is considering claiming insurance on debt it’s owed by Zambia that has become entangled in a complex restructuring process.The southern African nation, which defaulted in 2020 and later sought...
Posted: Aug 11, 2025
Emirates will ban the use of power banks aboard its flights and only allow passengers to bring one such device onto the plane, further restricting travelers from carrying electronic gadgets on aircraft. “Emirates is taking a firm and proactive...
Posted: Aug 11, 2025
Aon, a global insurance and reinsurance broking group, has released its 2025 Catastrophe Risk Management Survey, gathering responses from senior insurance executives on how catastrophe modelling tools are used across key processes such as portfoli...
Posted: Aug 11, 2025
Nigerian insurance stocks had their biggest weekly gain in almost two decades after a new law was passed requiring companies to raise fresh capital and making insurance for property and other assets mandatory. A gauge for the sector on the …
Posted: Aug 11, 2025
Artificial intelligence is quickly reshaping the insurance landscape, and Gallagher Re’s global head of insurtech, Andrew Johnston, warned in the company’s latest Global InsurTech Report that this trend shouldn’t be ignored. “...
Posted: Aug 11, 2025
Global Indemnity Group, LLC (GBLI) has reported that current accident year underwriting income grew 61% to $5.6 million for the second quarter of 2025, compared to $3.5 million in the comparable prior year quarter. In Q2’25, the firm recorded cont...
Posted: Aug 11, 2025
Chedid Capital, an investment and advisory group in the re/insurance industry, has announced the launch of Momentum Risk Solutions UK, a new Managing General Agent (MGA) headquartered in London. Known for its broad presence in the GCC, Asia, the M...
Posted: Aug 11, 2025
Trisura Group Ltd., a specialty insurance provider, reported an operating net income of $33.3 million for the second quarter of 2025, up 6.4% from $31.3 million in the same quarter a year earlier, driven by growth in underwriting income and net in...
Posted: Aug 11, 2025
Colorado State University’s hurricane researchers and the National Oceanic and Atmospheric Administration (NOAA) issued updates to their 2025 Atlantic hurricane forecasts, with both maintaining calls for an ‘above average’ season de...
Posted: Aug 11, 2025
Despite allegations of fraud and padding of premiums, neither a Miami-based cargo insurance broker nor a Lloyd’s coverholder canvbe asked to pay punitive damages in a breach-of-contract dispute, a Florida appeals court decided last week. “...
Posted: Aug 11, 2025
Word on the street is that California employers should start expecting higher workers’ compensation rates. California employers have enjoyed a soft workers’ comp market for the last decade, but all indications are now pointing to the mark...
Posted: Aug 11, 2025
A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law ru...
Posted: Aug 11, 2025
A victim of identity theft is entitled to recover both treble damages and punitive damages under Connecticut laws, according to the state’s highest court. The Connecticut Supreme Court found that the dual awards do not violate the common-law ru...
Posted: Aug 11, 2025
Gallagher Bassett, the provider of risk and claims management services and a wholly owned subsidiary of Arthur J. Gallagher & Co., has appointed Sarah Penny as Client Services Director for UK operations, reporting to John Fearn, Chief Operatin...
Posted: Aug 11, 2025
The California Department of Industrial Relations awarded 25 construction apprenticeship programs $26 million in Equal Representation in Construction Apprenticeship grants to increase access to construction careers for women and disadvantaged communi...
Posted: Aug 11, 2025