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DUAL Climate Risk & Resilience launches two new property insurance products

Reinsurance News

DUAL’s Climate Risk & Resilience team has launched two new products, designed to provide insurance to owners and investors to protect the value of their assets and unlock finance during the transition to a sustainable economy. Both DUAL Energy...

Posted: May 14, 2025

Neil Eckert appointed CEO of Conduit Re

Reinsurance News

CHL, the ultimate parent company of multi-line Bermuda-domiciled reinsurer, Conduit Re, has appointed Neil Eckert as its new Chief Executive Officer (CEO), effective immediately, subject to Bermuda immigration approval. Eckert has been acting as C...

Posted: May 14, 2025

Conduit Re Names Eckert as CEO

Insurance Journal

CHL, the ultimate parent company of Conduit Re, a multi-line Bermuda-based reinsurer, announced the appointment of Neil Eckert as chief executive officer. Eckert has been acting as Conduit’s interim CEO since late March 2025, following the reti...

Posted: May 14, 2025

Oak Re announces new appointments following underwriting launch

Reinsurance News

Following a successful underwriting launch at January 1, 2025, global reinsurance company Oak Re has made a number of new appointments as it strengthens its team. The most recent appointments include Tom Dickson as President, Innovation Strategies...

Posted: May 14, 2025

UK Watchdog Set to Ease Insurance Rules for Large Companies

Insurance Journal

The UK markets watchdog is planning to pare its rules on how insurers can sell policies to large companies, the latest signal regulators are pivoting to a more pragmatic stance that leans heavily into the government’s growth agenda. The changes...

Posted: May 14, 2025

Rising extreme weather and building practices could put insurance affordability at risk: Geneva Asso...

Reinsurance News

As extreme weather events and related losses increase around the world, the Geneva Association calls for action to safeguard the availability and affordability of home insurance, particularly in advanced economies. In its recent report, ‘Safeguard...

Posted: May 14, 2025

People Moves: Zurich Gets Himes From Chubb To Lead Underwriting for US Mid Market

Insurance Journal

Bennett Himes joined Zurich North America, headquartered in Schaumburg, Illinois, as the new head of underwriting for U.S. middle market. Himes oversees the overall portfolio strategy and maintaining the underwriting integrity of Zurich’s U.S....

Posted: May 14, 2025

South Africa’s Tiger Brands Offers Settlement to Plaintiffs in Listeriosis Class Action

Insurance Journal

Tiger Brands, South Africa’s biggest food producer, on Monday [May 12] offered to compensate listeriosis victims, marking a major step toward resolving class action after a 2017 outbreak that killed about 200 people and sickened more than 1,000...

Posted: May 14, 2025

State AI Regulation Ban Tucked Into Republican Tax, Fiscal Bill

Insurance Journal

A powerful House committee has tucked language preventing states from regulating artificial intelligence into President Donald Trump’s massive tax and spending bill, a move that would benefit many of the US’s largest tech and AI companies...

Posted: May 14, 2025

Ice Cream Sandwich Maker Blames Agent for Lack of Recall Insurance After $4.5M Loss

Insurance Journal

The maker of Chipwich ice cream sandwiches is suing its insurance broker alleging the agency was negligent in failing to properly secure product recall insurance that would have helped it deal with what it claims is a $4.5 million loss …

Posted: May 14, 2025

Stable outlook for GCC insurance market: AM Best

Reinsurance News

AM Best, the credit rating agency, has reaffirmed its stable outlook for the insurance markets of the Gulf Cooperation Council (GCC), which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). In its latest repo...

Posted: May 14, 2025

People Moves: The Buckner Company Appoints Kettler as President

Insurance Journal

The Buckner Company appointed Joshua Kettler as president, effective June 2. Kettler has experience spanning strategy, operations and executive advisory roles. He worked at Patagonia, where he was a partner to the head of global sales and customer ex...

Posted: May 14, 2025

California Regulator Weakens AI Rules, Tracking Safeguards Weakened

Carrier Management

California Regulator Weakens AI Rules, Tracking Safeguards Weakened California's first-in-the-nation privacy agency...

Posted: May 13, 2025

Free Calculator Helps Businesses Estimate Their Cyber Risk

Carrier Management

Free Calculator Helps Businesses Estimate Their Cyber Risk A new cyber risk calculator offers organizations a chance to review their risk in financial terms, according to its creator Resilience, a company offering cyber risk products to fit the needs...

Posted: May 13, 2025

FEMA Cuts Emergency Training Ahead of Hurricane Season

Carrier Management

FEMA Cuts Emergency Training Ahead of Hurricane Season The U.S. federal disaster agency FEMA has sharply reduc...

Posted: May 13, 2025

Bermuda Absorbed $10B of California’s Wildfire Losses

Carrier Management

Bermuda Absorbed $10B of California’s Wildfire Losses According to data collected by the Bermuda...

Posted: May 13, 2025

2024 P/C Insurance Combined Ratio: Best in More Than a Decade

Carrier Management

2024 P/C Insurance Combined Ratio: Best in More Than a Decade With combin...

Posted: May 13, 2025

The Latest Launches: Chubb, Zurich, FM, QBE NA and More

Carrier Management

The Latest Launches: Chubb, Zurich, FM, QBE NA and More The biggest news of t...

Posted: May 13, 2025

Wefox to sell Italy units to J.C. Flowers

coverager

The transaction is expected to be completed by the end of the second quarter this year subject to customary closing conditions.

Posted: May 13, 2025

Peugeot Invest invests $125 million in BroadStreet Partners

coverager

BroadStreet Partners is an insurance brokerage firm specializing in property and casualty coverage.

Posted: May 13, 2025

KatRisk acquires Gamma

coverager

Gamma is a location intelligence company. 

Posted: May 13, 2025

eDreams ODIGEO and AXA Partners announce partnership

coverager

AXA Partners will become the insurance partner for eDreams ODIGEO’s premier travel brands.

Posted: May 13, 2025

MarvelX raises $6 million

coverager

MarvelX builds AI agents to automate insurance operations.

Posted: May 13, 2025

Accelerate 2025 wraps after four days of innovation, inspiration and unmatched community

coverager

Vertafore highlights strategy and reveals its latest innovations for the independent insurance channel

Posted: May 13, 2025

Bestow raises $120 million

coverager

Branch has unlocked a new level of speed by fully adopting Kyber across its claims workflows. The team now completes the full letter lifecycle from first draft to final delivery 5x faster.

Posted: May 13, 2025

Classiq Raises $110 Million in Record Quantum Software Round

IIR

The Series C investment, which brings Classiq’s total funding to $173 million, marks the largest funding to date in quantum software.

Posted: May 13, 2025

Linqura Partners with FirstChoice to Offer AI for Insurance Agencies

IIR

The agreement will provide AI-driven commercial lines support to network member agencies.

Posted: May 13, 2025

Qumis Launches Platform Update to Advance Policy Intelligence

IIR

New AI features offer legal-grade insights, faster comparisons, and enhanced navigation for insurance professionals.

Posted: May 13, 2025

Aon Names Lambros Lambrou Chief Strategy Officer

IIR

Lambrou will lead firmwide strategic initiatives and support integration with NFP.

Posted: May 13, 2025

9 Common Sales Objections and How to Respond

IA Magazine

Overcoming objections can feel uncomfortable for many agents, however it can be a chance to address the most common client objections and to learn how to overcome them.

Posted: May 13, 2025

How Parent Companies Can Maximize Captive Insurance Performance Over Time

Risk & Insurance

A session from the captive track at the recent RISKWORLD discussed how parent companies can optimize the performance of their captives. The post

Posted: May 13, 2025

Judge Recommends Approving 17% State Farm Rate Hike in California

Insurance Journal

It looks like California’s largest homeowners insurer is getting a large rate increase following billions of dollars in losses from the Los Angeles wildfires and pullback on writing new policies in the state. Administrative Law Judge Karl Selig...

Posted: May 13, 2025

At Least 10 Sickened in Listeria Outbreak Linked to Prepared Foods

Insurance Journal

At least 10 people in the U.S. have been sickened in a listeria outbreak linked to ready-to-eat food products, and a producer is voluntarily recalling several products, federal officials said. The U.S. Food and Drug Administration said Saturday that...

Posted: May 13, 2025

1 Killed, 32 Injured in Bus Vs. SUV Crash on LA Area Freeway

Insurance Journal

One person was killed and 32 people were injured, including two critically, when a tour bus and a sport utility vehicle collided on a Los Angeles area freeway, officials said. The lone occupant of the SUV died after the vehicle …

Posted: May 13, 2025

Protected: Managing Multiple Medication Risks: How Humana Supports Patient Safety and Better Outcome...

Risk & Insurance

There is no excerpt because this is a protected post. The post Protected: Managing Multiple Medication...

Posted: May 13, 2025

Active Cyber Risk Management Drives 7% Decrease in Claims Frequency: Coalition

Risk & Insurance

Despite claims severity remaining stable in 2024, proactive cyber security measures show a measurable impact in claims frequency: Coalition reports. The post

Posted: May 13, 2025

Florida OIR Fines Centauri Specialty for Unappointed Adjusters, Other Issues

Insurance Journal

Sarasota-based Centauri Specialty Insurance, now part of Arbol’s Lilypad Insurance Holdings, used non-appointed adjusters in the wake of Hurricane Ian in 2022 and has agreed to pay a $100,000 fine to Florida regulators. A market conduct examina...

Posted: May 13, 2025

Insurance industry remained buyer friendly in Q1’25, providing much-needed stability: Aon

Reinsurance News

Aon, the global insurance and reinsurance broking group, has disclosed that the insurance industry was buyer-friendly throughout the first quarter of 2025, providing much-needed stability. The broker explained that the moderate market conditions i...

Posted: May 13, 2025

Vantage adds Steve Fales as SVP, Investor Relations in Partnership Capital Platform

Reinsurance News

Specialty insurer and reinsurer, Vantage Group Holdings Ltd., has appointed Steve Fales as Senior Vice President (SVP), Investor Relations, effective immediately. In the role, he reports to Chris McKeown, Chief Executive, Reinsurance, insurance-li...

Posted: May 13, 2025

Maine Weighs What to Do When Religion Collides With Auto Insurance

Insurance Journal

Maine lawmakers today are expected to consider a measure that would allow followers of the Mennonite religion to self-insure for motor vehicle insurance. Rep. Steve Foster (R-Dexter) introduced the bill on behalf of his Mennonite constituents who say...

Posted: May 13, 2025

mea Platform adds former XL Group CEO McGavick as Board Chairman & Strategic Advisor

Reinsurance News

mea Platform, a GenAI-powered global platform that aims to simplify insurance processes, has appointed former Chief Executive Officer (CEO) of XL Group (now AXA XL), Mike McGavick, as Board Chairman and Strategic Advisor to drive growth. McGavick...

Posted: May 13, 2025