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Insurers Must Pay Up for Jets Seized by Russia, UK Judge Rules

Insurance Journal

Insurance companies must compensate aircraft lessors and owners for planes that Russia seized when it took counter-sanction measures after the invasion of Ukraine, a UK judge ruled potentially leaving insurers on the hook for billions in payouts. The...

Posted: Jun 11, 2025

Millions of Eggs Recalled After Dozens Sickened With Salmonella

Insurance Journal

The US Food and Drug Administration said more than 20 million eggs have been recalled after 21 people were hospitalized with salmonella. The eggs, distributed by the August Egg Company, were sold to retailers including Walmart Inc. and Safeway Stores...

Posted: Jun 11, 2025

SCOR unveils NatReCo Initiative to drive nature-positive re/insurance solutions

Reinsurance News

SCOR has launched the NatReCo Initiative to offer clients re/insurance solutions supporting nature-positive projects that address societal challenges such as climate change, health and wellbeing, food and water security, sustainable agriculture, a...

Posted: Jun 11, 2025

How Insurers Can Win the War For Talent

Risk & Insurance

Insurers face a simultaneous need for talent, even as they embrace AI and automate jobs. The post How Insurers Can Win the War For Talent appeared first on...

Posted: Jun 11, 2025

Mercury appoints Bennett to lead new climate science team

Reinsurance News

Mercury Insurance, a provider of property and casualty insurance, has appointed Steve Bennett as its Senior Director of Climate and Catastrophe Science, where he will build and lead a team dedicated to helping identify ways Mercury and its policyh...

Posted: Jun 11, 2025

European demand for aggregate covers resurges as insurers seek frequency protection: Gallagher Re’s...

Reinsurance News

European cedants are showing renewed interest in aggregate catastrophe reinsurance coverage, as elevated retentions and heightened sensitivity to the potential impact of an increased frequency of events put pressure on underwriting earnings, accor...

Posted: Jun 11, 2025

Apollo to Tap Rich, Retail Clients in Asia for Asset Growth

Insurance Journal

Apollo Global Management Inc. said high-net-worth clients and access to retail investors are the biggest opportunities in Asia for growth in the coming years. Australia’s superannuation system, which will be the world’s second-largest pen...

Posted: Jun 11, 2025

Markets/Coverages: MGA Aurora Launches Lloyd’s-Backed Property Insurance Offering

Insurance Journal

Aurora, the London-based digital managing general agent, has launched a property owners insurance product, aiming to enhance the way brokers access and place property risks. The new product, backed by Lloyd’s, leverages Aurora’s digital i...

Posted: Jun 11, 2025

European MGA market growth is outpacing US and global benchmarks: Howden Re

Reinsurance News

In a new report, Howden Re reveals that the European Managing General Agent (MGA) ecosystem is growing at a five-year compound annual growth rate (CAGR) of approximately 23%, outpacing both US and global benchmarks. There are over 650 MGAs across...

Posted: Jun 11, 2025

Ategrity Specialty Insurance IPO to raise $113.3m

Reinsurance News

Ategrity Specialty Insurance Company Holdings, formerly known as Ategrity Specialty Holdings LLC, launched its initial public offering (IPO) of 6,666,667 shares earlier this month and has confirmed the pricing for the same at $17 per share. It is...

Posted: Jun 11, 2025

Wajahat Khawaja appointed Head of Governance and Controls at MNK Group

Reinsurance News

Wajahat Khawaja has taken on the role of Head of Governance and Controls at MNK Group, an independent organisation operating across various sectors of the insurance industry. Bringing over three decades of experience, including extensive work inte...

Posted: Jun 11, 2025

Samsung Fire & Marine ups stake in Canopius with new $570m investment

Reinsurance News

Samsung Fire & Marine Insurance (SFMI) has lifted its stake in specialty and P&C re/insurer Canopius following the signing of an additional equity investment contract worth $570 million. This additional 21% stake has been purchased from ex...

Posted: Jun 11, 2025

Auto Insurance Satisfaction Rankings: High LTV Customers Most at Risk

Carrier Management

Auto Insurance Satisfaction Rankings: High LTV Customers Most at Ri...

Posted: Jun 11, 2025

Brown & Brown to Acquire Risk Strategies, One80 Parent for Nearly $10B

Carrier Management

Brown & Brown to Acquire Risk Strategies, One80 Parent for Nearly $10B Brown & Brown Inc. said it has entered in...

Posted: Jun 11, 2025

Untapped potential of AI in the insurance sector: Genpact

Reinsurance News

Despite 69% of insurance companies having adopted AI, only 36% of US customers report improved digital experiences, highlighting the industry’s ongoing challenge to effectively scale AI to enhance customer experience and drive growth, according to...

Posted: Jun 11, 2025

US commercial insurance rates up 5.3% in Q1’25: WTW

Reinsurance News

The latest findings of WTW’s Commercial Lines Insurance Pricing Survey (CLIPS), reveals that US commercial insurance rates have continued a downward trajectory compared with the prior two quarters, despite an increase of 5.3% in the first quarter...

Posted: Jun 11, 2025

Houston Plumbing Contractor to Pay $101K in Back Wages

Insurance Journal

The U.S. Department of Labor has recovered $101,690 in back wages and damages owed to 31 employees of a Houston plumbing contractor who paid them a salary but failed to pay an overtime premium for hours over 40 in a …

Posted: Jun 11, 2025

Xceedance’s MIS invests in DigsFact to advance AI-powered property inspections

Reinsurance News

Millennium Information Services (MIS), a provider of property inspection solutions for the insurance industry, has made a strategic investment in DigsFact, an artificial intelligence (AI) company specialising in real-time virtual inspections and a...

Posted: Jun 11, 2025

Salmonella Outbreak Tied to Egg Recall Sickens Dozens Across 7 States

Insurance Journal

A salmonella outbreak linked to a large egg recall has made dozens of people sick in seven states in the West and Midwest, federal health officials said Saturday. The August Egg Company recalled about 1.7 million brown organic and brown …

Posted: Jun 11, 2025

Expanding Missile Threats and Airspace Closures Are Straining Airlines

Insurance Journal

Proliferating conflict zones are an increasing burden on airline operations and profitability, executives say, as carriers grapple with missiles and drones, airspace closures, location spoofing and the shoot-down of another passenger flight. Airlines...

Posted: Jun 11, 2025

EU Proposes Nord Stream Ban, Lower Oil Cap to Hit Russia

Insurance Journal

The European Union proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war against Ukraine. …

Posted: Jun 11, 2025

Swiss Re Corporate Solutions appoints Adrian Hall as CEO of United States

Reinsurance News

Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Adrian Hall as the Chief Executive Officer (CEO) of the United States branch. The firm explained that his leadership marks “a pivotal ste...

Posted: Jun 11, 2025

China’s Resort Island Hainan Braces for First Typhoon of Season

Insurance Journal

Hainan Island is bracing for the first typhoon of the season in the western Pacific, with the storm expected to dump heavy rain across parts of southern China as the system nears the coast. The tropical depression — named Wutip …

Posted: Jun 11, 2025

Trump Poised to Repeal Biden Curb on Power-Plant Pollution

Insurance Journal

he Trump administration will propose scrapping Biden-era climate mandates requiring the nation’s power plants to curb planet-warming greenhouse gas emissions as soon as Wednesday, according to people familiar with the matter. The Environmental...

Posted: Jun 11, 2025

Long-Term Thinking and Scale Keys to Travelers Success: CEO Schnitzer

Insurance Journal

When an S&P Global Ratings executive asked the leader of Travelers how current challenges like tariff uncertainty, inflation, geopolitical risks influence the insurer’s strategy, Alan Schnitzer delivered an answer than Larry Wilkinson may n...

Posted: Jun 11, 2025

People Moves: Canopius Hires AIG’s Losquadro to Lead Underwriting, Hull & Liability US

Insurance Journal

Canopius Group, headquartered in Chicago, appointed Tom Losquadro as vice president of underwriting for national hull and liability U.S. Losquadro brings extensive experience in marine insurance, having held senior roles at both AIG and Marsh McLenna...

Posted: Jun 11, 2025

Goldman Sees Autonomous Vehicles Transforming Insurance World

Insurance Journal

The rise of autonomous vehicles will force a reconfiguration of the $400 billion US auto-insurance industry, as accidents caused by human error decrease and costs are slashed, but questions about liability remain, according to Goldman Sachs. “A...

Posted: Jun 11, 2025

Florida Appeals Court Says Plaintiff Can’t Harp on Adjusting Delays in Claims Dispute

Insurance Journal

Some Florida policyholders and their attorneys have long complained about real or perceived delays in the claims-handling process after a loss. A Florida appeals court ruled last week that telling a jury about those delays may be prejudicial and out...

Posted: Jun 11, 2025

Adidas Settles With OSHA Over Safety Violations

Insurance Journal

The Occupational Safety and Health Administration (OSHA) and sports apparel and footwear company Adidas America have reached a settlement for $235,000 in penalties to resolve fall hazard and unsafe ladder violations The agreement also requires the co...

Posted: Jun 11, 2025

Pool Re selects Clearwater Analytics to modernise investment operations

Reinsurance News

Great Britain’s government-backed terrorism reinsurer, Pool Re, has chosen Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, to modernise its investment operations, accounting, an...

Posted: Jun 11, 2025

Ryan Specialty Acquires Michigan’s JM Wilson

Insurance Journal

Ryan Specialty announced that it has signed a definitive agreement to acquire the business of J.M. Wilson Corporation. JM Wilson is based in Michigan and its operations will become a part of RT Binding Authority, the binding authority specialty of &#...

Posted: Jun 11, 2025

Alliant Acquires Johnson Benefit Planning in Oregon

Insurance Journal

Alliant Insurance Services acquired Johnson Benefit Planning in Oregon. The Johnson Benefit Planning team will join Alliant. Johnson Benefit Planning is an employee benefits consulting firm with offices in Bend and West Linn, Oregon. Alliant is headq...

Posted: Jun 11, 2025

Emerge Apps Launches Mod Performance Suite: A New Era of Work Comp Selling

Insurance Journal

Introducing LightDutyWorks, the turnkey return-to-work solution to help agents not just diagnose mod problems, but fix them. GRAND RAPIDS, Mich. – June 11, 2025 — Emerge Apps announced the launch of the Mod Performance Suite, a first-of-i...

Posted: Jun 10, 2025

Preventing & Managing Musculoskeletal Disorders: A Comprehensive Approach to Workplace Injuries

Risk & Insurance

Understanding the most effective approaches to prevention, diagnosis, and treatment can dramatically improve outcomes and reduce costs. The post

Posted: Jun 10, 2025

Swiss Re Corporate Solutions Appoints Adrian Hall CEO, United States

IIR

Hall’s appointment supports a refreshed structure focused on localized, client-centric delivery.

Posted: Jun 10, 2025

Delos Expands Home Insurance Access in Wildfire-Prone California

IIR

The MGA adds capacity to insure 15,000 additional homes as traditional carriers retreat from high-risk areas.

Posted: Jun 10, 2025

Sure Launches Model Context Protocol for AI-Driven Insurance

IIR

The new capability enables AI agents to quote, bind, and service policies autonomously.

Posted: Jun 10, 2025

License to Lead: Meet Young Agent Brooke Stout

IA Magazine

"Previous generations bring vast amounts of knowledge and experience and new generations have great new ideas, new life and new outlooks," says young agent Brooke Stout. "There are many ways to integrate the old ways with the new ways and make the be...

Posted: Jun 10, 2025

InsurTech Insights 2025: The Rise of Agentic AI and Task-Specific Tech

IA Magazine

This year's conference continued to debunk the myth that technology will replace insurance agents, making it clear that agents are not becoming obsolete—they're evolving.

Posted: Jun 10, 2025

License to Lead: Meet Young Agent Jackson Doyle

IA Magazine

"The core value of lending a helping hand and never being too busy to help a producer is everything I want in a mentor," says young agent Jackson Doyle, "especially as a guy that didn’t go to school for insurance."

Posted: Jun 10, 2025

License to Lead: Meet Young Agent Jackson Doyle

IA Magazine

"The core value of lending a helping hand and never being too busy to help a producer is everything I want in a mentor," says young agent Jackson Doyle, "especially as a guy that didn’t go to school for insurance."

Posted: Jun 10, 2025

Sure launches insurance industry’s first Model Context Protocol (MCP) capability, enabling AI agents...

coverager

Sure launches the insurance industry's first Model Context Protocol (MCP) capability that enables AI agents to autonomously quote, bind, and service insurance policies.

Posted: Jun 10, 2025

ServicePower acquires PlusOne Solutions

coverager

PlusOne Solutions is a compliance and risk management company.

Posted: Jun 10, 2025

Mylo partners with UENI

coverager

UENI will promote Mylo to its customer base.

Posted: Jun 10, 2025

TSD Mobility and Canopy Connect Partner to Make Insurance Verification Easier, More Consistent

coverager

“Adding insurance verification at the time of reservation or point of sale helps rental agencies mitigate the risk of total loss and creates an upsell opportunity for protection plans.” Tolga Tezel, founder and CEO of Canopy Connect

Posted: Jun 10, 2025