All Posts
Insurance Business Magazine - US
Posted: May 28, 2025
CLARA Analytics, a provider of artificial intelligence technology for commercial insurance claims optimisation, has released new research demonstrating that advanced machine learning can identify signs of potential fraud just two weeks after a cla...
Posted: May 28, 2025
Property and casualty insurer, The Travelers Companies, Inc., has agreed to sell the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Canadian property and casualty insurer Definity Financial...
Posted: May 28, 2025
Ford Motor is recalling 1,075,299 vehicles in the United States over an issue that may prevent the rearview camera from displaying images increasing the risk of a crash, the National Highway Traffic Safety Administration said on Wednesday. The recall...
Posted: May 28, 2025
Ford Motor is recalling nearly 1.1 million vehicles in the United States because rearview cameras may not display images due to a software issue, increasing the risk of a crash. The recall covers some 2021 through 2024 model year Bronco, …
Posted: May 28, 2025
This edition of International People Moves details appointments at AXIS Capital Holdings and Chaucer Group. A summary of these executive moves follows here. AXIS Restructures Global Markets Team AXIS Capital Holdings Ltd., the Bermuda-based re/insure...
Posted: May 28, 2025
MNK Group, the independent global group of insurance companies, has appointed Alex Noorbaccus as its new Group Chief Risk Officer. In this role, Noorbaccus will be responsible for accelerating the development and rollout of the Group’s risk manage...
Posted: May 28, 2025
The European Union is nearly on track to reach its main climate target for this decade, with countries’ existing CO2-cutting plans set to bring the bloc within one percentage point of the goal, the European Commission said on Wednesday. The ...
Posted: May 28, 2025
Hannover Re has announced the appointment of Gavin Maguire as Global Head of the reinsurer’s newly established division, L&H Traditional Business. Maguire offers valuable strategic insight and a collaborative approach, drawing on his deep expe...
Posted: May 28, 2025
A German court on Wednesday threw out a Peruvian farmer’s lawsuit seeking damages from RWE for the German energy utility’s alleged role in putting his home at risk through climate change. The court said no appeal was possible in the ̷...
Posted: May 28, 2025
AXIS, a provider of specialty insurance and reinsurance solutions, has announced a number of organisational changes to further enhance underwriting and operational performance within AXIS Global Markets. Sara Farrup, Head of Global Markets, commen...
Posted: May 28, 2025
Tokio Marine Holdings, Inc. has launched Tokio Marine GX, a new international offering aimed at advancing green transformation, founded upon GCube, an underwriter of renewable energy products. The launch furthers the Group’s efforts toward carbon...
Posted: May 28, 2025
NN Group NV is replacing pre-programmed chat bots in client-facing roles with a version that can interact more naturally with humans, further evidence of the continued but uneven roll-out of artificial intelligence in financial services. The insuranc...
Posted: May 28, 2025
DARAG Deutschland AG, the German insurance carrier of DARAG Group, has completed a loss portfolio transfer (LPT) with an European carrier. This deal, the firm stated. Will be followed by a portfolio transfer (PTA) with the carrier. Tom Booth, CEO...
Posted: May 28, 2025
Travelers Cos. said on Tuesday it has agreed to sell its Canadian personal insurance business and majority of its commercial insurance operations in the country to Definity Financial in a deal valued at $2.4 billion. The transaction adds to a …
Posted: May 28, 2025
Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Samsung Fire & Marine Insurance (SFMI) has selected Cyberwrite to strengthen its cyber insurance capabilities, citing Cyberwrite’s expertise in cyber catastrophe m...
Posted: May 28, 2025
A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market — and prompting a rethink on premiums. As artificial intelligence makes attacks more...
Posted: May 28, 2025
Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …
Posted: May 28, 2025
Global reinsurance broker Gallagher Re has appointed Aon’s Chulmin Jang as Chief Executive Officer (CEO) for Gallagher Korea, effective May 28th, 2025. PhilWon Jeong, the current CEO of Gallagher Korea, will transition to the role of Chairma...
Posted: May 28, 2025
Hong Kong-based reinsurer Peak Re has launched and had rated a new North American underwriting entity, Peak Reinsurance North America Ltd. (Peak Re NA), domiciled in Bermuda, demonstrating the company’s commitment to growing its footprint in...
Posted: May 28, 2025
Kestrel Group LLC and Maiden Holdings, Ltd. have announced the successful completion of their combination, forming a new publicly listed specialty program group. The two companies initially announced in December 2024 that they had entered into a c...
Posted: May 28, 2025
Travelers Selling Canadian Insurance Businesses Other Tha...
Posted: May 28, 2025
Re/insurers can play a vital role in supporting infrastructure development in Africa through risk mitigation solutions and by acting as significant institutional investors, according to a recent report by the African Insurance Organisation (AIO)....
Posted: May 28, 2025
Charlotte-based Skyla Insurance Services, a subsidiary of Skyla Credit Union, has acquired Policyline Insurance, an employee benefits and insurance brokerage in the Carolinas. The acquisition strengthens Skyla’s ability to provide Skyla Credit...
Posted: May 28, 2025
As colleges and universities prepare to legally pay athletes for the first time in National Collegiate Athletic Association history, collegiate sports programs are exploring insurance policies designed to mitigate the risks that come with dishing out...
Posted: May 28, 2025
A new Alabama study of hurricane-affected homes sends a clear message to insurers and homeowners nationwide: climate-resilient construction methods can protect homes, and save a lot of money. The first-of-its-kind analysis, released this week, review...
Posted: May 28, 2025
Immigration officials said Tomás Hernández worked in high-level posts for Cuba’s foreign intelligence agency for decades before migrating to the United States to pursue the American dream. The 71-year-old was detained by federal agents outside...
Posted: May 28, 2025
A farm labor contractor was fined $1.25 million for operating without a license and failing to provide nearly 5,000 workers with required employment details. The fine was issued by the Washington State Department of Labor & Industries following a...
Posted: May 28, 2025
The city of Boston is immune from liability for a shooting that took place at a city school in 2022 even though the school’s improper use of its metal detectors allowed the shooter to enter the school with a firearm. …
Posted: May 28, 2025
Tokio Marine HCC International (TMHCCI), a subsidiary of the Tokio Marine HCC group headquartered in Houston, Texas, has announced the appointment of Claire Spiteri as Senior Underwriter within its Professional Risks division. Based in Manchester,...
Posted: May 28, 2025
Alaska’s largest city has reached a $2.1 million settlement with the family of a 16-year-old girl who was holding a knife last August when she was fatally shot by a police officer. Anchorage Mayor Suzanne LaFrance’s office said in a ̷...
Posted: May 28, 2025
A New Hampshire town’s attempt to force a bakery to remove or alter its painting that shows sunbeams shining down on a mountain range of doughnuts, a muffin, a cinnamon roll and other pastries is unconstitutional, a judge ruled in …
Posted: May 28, 2025
Criswell Chevrolet, Inc., a Maryland car dealership group, violated federal law by refusing to allow a parts department worker to have a service dog at work as a reasonable accommodation for his post-traumatic stress disorder (PTSD) resulting from co...
Posted: May 28, 2025
The deal excludes surety operations; closing expected in first quarter of 2026.
Posted: May 27, 2025
Finn will lead marketing and distribution strategy across the Boston-based carrier’s six-state footprint.
Posted: May 27, 2025
The Nordic insurer has self-implemented a new digital product on Socotra’s cloud-native core in five months.
Posted: May 27, 2025
Workplace programs that include promoting overall well-being, providing early intervention and access to care allow employers and HR leaders to maintain a supportive and healthy workplace.
Posted: May 27, 2025
2024 saw the second-highest amount of tornadoes on record and 2025 is predicted to continue above-average activity. One weekend alone in mid-May caused $9 billion-$11 billion in damage.
Posted: May 27, 2025
Earlier this year, Rep. Darrell Issa (R-California) introduced H.R. 1109, the “Litigation Transparency Act of 2025," which would require disclosure of third party litigation funding agreements between investors and parties to civil actions.
Posted: May 27, 2025
Extreme heat levels of are expected in the western United States later this week, raising the risk wildfires and heat-related illnesses and putting a strain on power grids. Meteorologists at AccuWeather say a strong dome of high pressure will be R...
Posted: May 27, 2025
M&A is the lifeblood for many P&C carriers and agencies alike. But the margins on your new ventures—and the long-term ROI—vary. A lot.
Posted: May 27, 2025