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Carrick Group’s Bermuda class 3A reinsurer, Carrick Re Ltd., has entered into a loss portfolio transfer (LPT) with National Casualty Company of America, Limited, National Casualty Company, UK Branch, and Nationwide General Insurance Company,...
Posted: Aug 07, 2025
The Florida Department of Health said this week that 21 cases of Campylobacter and E. coli infections have been linked to drinking raw milk in the state, including six children under 10. The state health department reported seven hospitalizations lin...
Posted: Aug 07, 2025
The Florida Department of Health said this week that 21 cases of Campylobacter and E. coli infections have been linked to drinking raw milk in the state, including six children under 10. The state health department reported seven hospitalizations lin...
Posted: Aug 07, 2025
Federal Judge Stops FEMA From Diverting Infrastructure, Disaster...
Posted: Aug 07, 2025
In our latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC), and Darren Powell, CUO of Pinpoint UK, about their plans for the new MGA and progress as ASIC expands beyond No...
Posted: Aug 07, 2025
Massachusetts Attorney General Andrea Joy Campbell announced a $6 million settlement with two ambulance companies on charges they submitted false claims. The state said the settlement with Brewster Ambulance Service, Inc. and EasCare, LLC and their o...
Posted: Aug 07, 2025
Brookfield Corp. is planning to refocus itself into an investment-led insurer, marking a turn for the Canadian money manager that built its name as an owner of real assets. For years, Brookfield used its capital to mostly invest in real …
Posted: Aug 07, 2025
Following the sale of its 26% stakes in its Indian life and non-life insurance joint ventures and a binding agreement to form a 50:50 reinsurance venture, Allianz CEO Oliver Bäte said the group always intended to run a domestic business rather tha...
Posted: Aug 07, 2025
Floods that damaged hydropower dams in Nepal and destroyed the main bridge connecting the country to China show the vulnerability of infrastructure and need for smart rebuilding in a region bearing the brunt of a warming planet, experts say. The R...
Posted: Aug 07, 2025
International specialty and P&C re/insurer Canopius has announced its financial results for the first half of 2025, reporting a net insurance revenue increase of 42%, to $1.39 billion from $0.98 billion in H1 2024, and a net combined ratio (di...
Posted: Aug 07, 2025
French firefighters spent a third day tackling the country’s worst wildfire in more than seven decades, hoping to bring it under control by Friday as lower wind speeds reduce the intensity of the blaze.After starting on Tuesday, the fire in ...
Posted: Aug 07, 2025
Shadow AI is emerging as a significant threat to businesses, responsible for 20% of data breaches and adding an average of $670,000 to breach costs for organisations with high levels of shadow AI, according to Consilium in the 2025 IBM Cost of a D...
Posted: Aug 07, 2025
NFP, an Aon company and leading international insurance brokerage and consulting firm, announced it has acquired Bspoke Insurance Group, a platform of multi-class niche and specialist managing general agents. Headquartered in Leeds, West Yorkshire in...
Posted: Aug 07, 2025
Bermuda-based insurance and reinsurance company, Hamilton Insurance Group, has announced the appointment of Russ Buckley as Group Chief Risk Officer. He will be succeeding current Group Chief Risk Officer Alex Baker, who has been recently appointe...
Posted: Aug 07, 2025
F&G Annuities & Life, Inc. has entered into a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments. Under the agreement, the reinsurer wil...
Posted: Aug 07, 2025
Insurance Services of New England (ISNE), headquartered in Wellesley, Massachusetts, named Mike Chamberlain as the new manager of membership and sales. With close to two decades of experience working with independent agents, Chamberlain previously he...
Posted: Aug 07, 2025
Global insurer American International Group, Inc. (AIG) has reported General Insurance (GI) gross written premiums (GWP) growth of 2% hitting $10 billion in Q2’25, compared to $9.9 billion in Q2’24, as the segment’s underwriting result impro...
Posted: Aug 07, 2025
Large insurer Zurich achieved a 6% year-on-year rise in Group business operating profit (BOP) to a record $4.2 billion for the first six months of 2025, with property and casualty (P&C) BOP rising 9% to an all-time high of $2.4 billion. Group-...
Posted: Aug 07, 2025
Liberty Mutual Holding Company has reported Q2 2025 net income of $1.85 billion, up considerably from the $717 million disclosed in Q2 2024, driven by more disciplined underwriting and an excellent investment performance. Liberty Mutual’s Q2 2025...
Posted: Aug 07, 2025
Global insurer Allianz has reported that its total business volume increased by 8% year-on-year to €44.5 billion in the second quarter of 2025, as operating profit across the Group rose 12% to €4.4 billion, with a particularly strong performance i...
Posted: Aug 07, 2025
As per a new report from reinsurance broker Gallagher Re, around $60.8 billion has been raised and invested in InsurTech firms since its records began in 2012, with around 25% directed toward AI-focused companies. Report author and Gallagher Re’s...
Posted: Aug 07, 2025
Global insurer Generali has announced its financial results for the first half of 2025, reporting a consolidated operating result of €4,049 million, up 8.7% compared to the same period last year, as well a slight increase of 0.9% in gross written...
Posted: Aug 07, 2025
Hackers have stolen login credentials from thousands of people working with the UK’s National Health Service, putting the organization at risk of further cyberattacks, according to researchers. The data theft is linked to a kind of malicious so...
Posted: Aug 07, 2025
Bowhead Specialty Holdings Inc., a provider of casualty and professional liability products, reported a net income of $12.3 million for the second quarter of 2025, a significant increase of 123.1% from $5.5 million in the same quarter a year earli...
Posted: Aug 07, 2025
OnRe, a global on-chain reinsurance company, has announced the appointment of experienced industry professional, Tunde Olowofila, as its new Head of Reinsurance. In his new position, Olowofila will be responsible for OnRe’s underwriting strategy,...
Posted: Aug 07, 2025
When it comes to systemic cyber risks, cybersecurity experts rated Internet of Things (IoT) devices and large language models (LLMs) as the most immediate emerging risk areas of concern. That finding came from a recent CyberCube and Munich Re survey...
Posted: Aug 07, 2025
Despite a significant reduction in personal auto insurance rates in Florida this year, Progressive may soon find itself in the unenviable position of sending small refunds to thousands of current and former policyholders. The corporation’s quar...
Posted: Aug 07, 2025
A federal judge says Rhode Island’s gun permit system, which requires residents to show “a need” to openly carry a firearm throughout the state, does not violate the Second Amendment. In a ruling handed down Friday, U.S. District Ju...
Posted: Aug 07, 2025
Sollers Consulting, a software integrator and operational advisor, and Phinsys Limited, a provider of consultancy and software solutions, have announced their partnership, a collaboration aimed at bringing advanced automation and efficiency to the...
Posted: Aug 07, 2025
An Idaho man pleaded guilty to one count of felony insurance fraud in connection with a workers’ compensation claim following an investigation led by the DOI’s Fraud Investigation Unit that showed he illegally collected benefits. Mark Cha...
Posted: Aug 07, 2025
AXA XL plans to be there to help companies achieve their energy goals while at the same time managing financial and reputational risk. The post Owning Energy appeared first on
Posted: Aug 06, 2025
Second quarter underwriting income in AIG’s General Insurance segment increased 46% compared with last year, to $626 million. The unit—North America commercial, International commercial, and global personal—recorded $170 million in catastrophe-...
Posted: Aug 06, 2025
Terms of the deal were not disclosed.
Posted: Aug 06, 2025
This back-to-school season is the perfect time to prepare and protect that investment in a student's education with GradGuard, the authority in helping schools reduce financial losses while protecting students from the risks of college life.
Posted: Aug 06, 2025
The acquisitions were completed over the past two years.
Posted: Aug 06, 2025
New capital will support Previsico’s expansion in the U.S. and high-growth emerging markets.
Posted: Aug 06, 2025
The former Funding Xchange CFO will lead financial operations and capital strategy during the insurtech’s next phase of international expansion.
Posted: Aug 06, 2025
In 2025, approximately 10% of advisors anticipate transitioning their practice, either through consolidation or individual … Read more
Posted: Aug 06, 2025
The new Unified Risk Reasoning capability applies active, agentic AI to streamline validation, enrichment, and finalization of risk data.
Posted: Aug 06, 2025
Lemonade Posts Another Quarterly Loss but Car Growth Continues Ins...
Posted: Aug 06, 2025
Owners of Cargo Ship That Crashed into Baltimore Bridge...
Posted: Aug 06, 2025
Hiscox Agrees to Acquire U.S. Specialist InsurTech Global specialist insurer Hiscox announced its agreement...
Posted: Aug 06, 2025
Parasites Led to Rise in Pet Claims in Q2 2025 Spikes in parasite-related illnesses and one of...
Posted: Aug 06, 2025
US Reversal on Key Climate Finding Spells Uncertainty for Business The Trump admini...
Posted: Aug 06, 2025
California’s biggest legal marijuana grower said nine of its employees were detained in a federal immigration raid last month that netted hundreds of arrests, and that the business has ended its relationship with two labor contractors that supp...
Posted: Aug 06, 2025
MACK Insurance Services is a commercial insurance broker from Australia.
Posted: Aug 06, 2025