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Zug, Switzerland-domiciled reinsurer SIGNAL IDUNA Reinsurance Ltd (SI Re) has reported a profit of €10.4 million for the full year 2024, improving over 2023’s figure of €8.8 million by 17.7%. The company’s shareholder equity for FY’24...
Posted: May 07, 2025
The operating performance of United Arab Emirates (UAE) insurers remains resilient despite the impact of severe rains early last year on full-year earnings, events that have also highlighted the region’s natural catastrophe exposures, accord...
Posted: May 07, 2025
Columbia University and New York-Presbyterian hospitals will pay $750 million to patients who sued over being sexually abused by a former gynecologist who was convicted of sex crimes in 2023. The settlement was achieved on behalf of 576 former patien...
Posted: May 07, 2025
WTW, an advisory, broking, and solutions firm, has announced a major upgrade to its International Property facility in the London market, further advancing the capabilities of its digital trading platform, Neuron. This enhancement, which aligns wi...
Posted: May 07, 2025
Paulson prizes that Ascot U.S. is collaborative, entrepreneurial, inclusive, and is an underwriter-led organization. The post RISKWORLD™ 2025 Coverage: Asc...
Posted: May 07, 2025
Bowhead Specialty, a provider of casualty and professional liability products, has announced its financial results for the first quarter of 2025, reporting significant net income growth of 62.9% and gross written premiums growth of 26.3% compared...
Posted: May 07, 2025
As per a new report from Gallagher Re, the InsurTech industry experienced a 90% surge in funding during Q1 2025, reaching $1.31 billion. According to Gallagher Re, around 61.2% ($710.86 million) of Q1 2025 InsurTech deals went to AI-centred compan...
Posted: May 07, 2025
Rite Aid is again seeking bankruptcy protection as the struggling drugstore chain says it will try to sell substantially all of its assets. The company said Monday that its stores will remain open as it returns to Chapter 11 bankruptcy …
Posted: May 07, 2025
Assured Guaranty (Europe) SA (AGE), a subsidiary of Assured Guaranty Ltd., has guaranteed the principal and interest on €75 million in notes issued by XpFibre Groupe on 30 April 2025. The proceeds from the issuance are being used to refinance exis...
Posted: May 07, 2025
Tiptree has announced its financial results for the first quarter of 2025, reporting a net income of $5.6 million, compared to Q1 2024’s $9.1 million, and revenues of $497.4 million, which saw a slight decrease of 0.2% from Q1 2024. The company at...
Posted: May 07, 2025
Several Asian airlines including Taiwan’s China Airlines and Korean Air said on Wednesday they were re-routing or canceling flights to and from Europe, and about a dozen Indian airports were shut after fighting erupted between India and Pakista...
Posted: May 07, 2025
Airlines including United Airlines and Korean Air re-routed or canceled flights and about a dozen Indian airports were shut on Wednesday after India staged a reprisal attack on Pakistan that raised fears of an escalation. India attacked Pakistani Kas...
Posted: May 07, 2025
Aon, a global professional services firm, has released its Client Trends 2025 report, emphasising the growing interdependence of four powerful forces—Trade, Technology, Weather, and Workforce—that are shaping the operating environment for organisa...
Posted: May 07, 2025
European and UK market-focused legacy acquirer, DARAG Group, has promoted Theo Wilkes to the role of Chief Financial Officer (CFO), based in London. Wilkes joined DARAG in June 2024 with over two decades of industry experience in live and legacy m...
Posted: May 07, 2025
Mercury General Corporation, a property and casualty insurance provider based in Los Angeles, California, has released its financial results for the first quarter of 2025, revealing a net loss for the period as a result of significant losses from...
Posted: May 07, 2025
Canopius, a specialty and P&C re/insurer, has announced the appointment of Neetu Varghese as Head of Marine, US, Varghese steps into the role following her tenure as National Cargo Manager at Canopius since 2023. This appointment marks a signi...
Posted: May 07, 2025
Super-regional property and casualty insurance holding company, Heritage Insurance Holdings, Inc, has reported first quarter 2025 net income of $30.5 million, compared to Q1’24’s $14.2 million, driven by increased net premiums earned, relatively f...
Posted: May 07, 2025
Cyber risk solutions company Resilience has appointed Diego Rodriquez Vazquez, who most recently served at AXA XL, as Underwriting Manager for Spain and Portugal. Vazquez has almost a decade of experience as a cybersecurity consultant and auditor...
Posted: May 07, 2025
Independent insurance distribution firm, The Baldwin Group, has reported total revenue growth of 9% to $413.4 million for the first quarter of 2025 compared to $380.3 million last year, reflecting organic revenue growth of 10%. Total GAAP net inco...
Posted: May 07, 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, has appointed Typhaine Beaupérin as Client Leader, Risk Management, Europe, effective by the end of June 2025. In the role, she will be based in Brussels and report to Lorraine Sta...
Posted: May 07, 2025
Global insurer AXA’s Property and Casualty (P&C) and Specialty Risk division, AXA XL, saw gross written premiums and other revenues climb 7% to €21 billion in Q1 2025, helped by a 12% increase in premiums to €1.4 billion at AXA XL Reinsurance....
Posted: May 07, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, executive, and professional lines insurance, has announced its entry into the UK Programmes business with the appointment of Rob Munden as Head of Programm...
Posted: May 07, 2025
Willis, a WTW business, has announced the appointment of David Lofstrom as Deputy Regional Leader, New England within Corporate Risk and Broking (CRB) in North America. In his new role, based in Boston, Lofstrom will be collaborating with the full...
Posted: May 07, 2025
French reinsurer SCOR has reported a 1.7% rise in net income to €200 million for the first quarter of 2025 with a solid performance in both its Life & Health (L&H) and Property & Casualty (P&C) segments, despite the impacts of the...
Posted: May 07, 2025
Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of “oily water mixture̶...
Posted: May 07, 2025
Federal authorities are seeking to contain and clean up the damage from a decades-old oil well in southeast Louisiana that spewed crude and natural gas for more than a week. Upwards of 79,000 gallons (299,047 liters) of “oily water mixture̶...
Posted: May 07, 2025
Chaucer Group, the specialty re/insurance group, announced the launch of a standalone third-party liability (TPL) insurance product in collaboration with Armilla AI, the Toronto-based managing general agent that provides specialized insurance and ris...
Posted: May 07, 2025
Global specialty underwriter and re/insurance provider, AXIS Capital Holdings Limited (AXIS), has launched a customisable cyber and specialist liability coverage insurance policy to Canadian companies with up to $2 billion in revenue. The policy,...
Posted: May 07, 2025
Independent insurance broker Lockton has revealed that Ethan Crain and Rebecca Cady have joined the company to co-lead its national Healthcare Practice. Lockton explained that the addition of Crain and Cady will significantly deepen its commitment...
Posted: May 07, 2025
DUAL North America, a provider of specialised insurance solutions, has expanded its surety program capacity to offer a $100 million single project limit and a $200 million aggregate limit, strengthening its market position, backed by “A” A.M. Best...
Posted: May 07, 2025
Alphabet Inc.’s Google should be forced to sell off two of its businesses that help websites buy, sell and serve online advertising after a judge found the company illegally monopolized those markets, the Justice Department said. The company sh...
Posted: May 07, 2025
Delta Air Lines must face a proposed class action by passengers who said it refused to offer full refunds after delaying or canceling their flights following a massive computer outage last July, a federal judge ruled on Tuesday. U.S. District …
Posted: May 07, 2025
Berkshire Hathaway shareholders on May 3 rejected a resolution requiring the company to report on risks from its subsidiaries’ race-based initiatives, one of seven proposals tied to diversity, artificial intelligence and other issues that were...
Posted: May 07, 2025
Gallagher announced it has acquired Turkey-based Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera). Terms of the transaction were not disclosed. Established in 2022, Aspera is a boutique insurance and reinsurance broker specializing in industrial...
Posted: May 07, 2025
Thousands of rail passengers in Spain were hit with delays after copper cables used in the signaling system of a high-speed line traveling south from Madrid to Seville were stolen at five locations, authorities said Monday. The theft, which happened...
Posted: May 07, 2025
Florida lawmakers late last week gave final approval to a long-debated condominium bill, one designed to give condo owners a little relief on the high cost of bringing structures up to code. But the final version of the bill seems …
Posted: May 07, 2025
Florida lawmakers late last week gave final approval to a long-debated condominium bill, one designed to give condo owners a little relief on the high cost of bringing structures up to code. But the final version of the bill seems …
Posted: May 07, 2025
The Army is pausing helicopter flights near a Washington airport after two commercial planes had to abort landings last week because of an Army Black Hawk helicopter that was flying to the Pentagon. The commander of the 12th Aviation Battalion …...
Posted: May 07, 2025
A San Jose, California-based electrical engineering and construction company paid $1.4 million for violating the Fair Labor Standards Act. The U.S. Department of Labor found Cupertino Electric Inc. failed to pay proper overtime rates, fining and fine...
Posted: May 07, 2025
Sompo, a provider of commercial and consumer property and casualty re/insurance, has announced the appointment of Nicholas Walsh as the new Independent Non-Executive Chairman of the Board of Directors for Sompo International Holdings Ltd. Walsh, w...
Posted: May 07, 2025
The California Labor Commissioner’s Office cited Pepperdine University and four janitorial contractors after an investigation reportedly found violations of state janitorial registration laws. The labor commissioner says Pepperdine University,...
Posted: May 07, 2025
The California Labor Commissioner’s Office cited Pepperdine University and four janitorial contractors after an investigation reportedly found violations of state janitorial registration laws. The labor commissioner says Pepperdine University,...
Posted: May 07, 2025
MAPFRE has introduced a company-wide framework for ethical AI and opened a global center to coordinate AI innovation, strategy, and governance across its international operations.
Posted: May 06, 2025
Wayne Cooperative Insurance has added Clearwater’s performance attribution and risk tools to its investment operations to support portfolio strategy and market scenario planning.
Posted: May 06, 2025
Bamboo Insurance has partnered with ManageMy to streamline digital document delivery, improve customer access, and reduce operational costs.
Posted: May 06, 2025
New Viya innovations from SAS include synthetic data generation, intelligent agents, and expanded cloud services aimed at improving AI lifecycle speed and trust.
Posted: May 06, 2025
Shelter Insurance has implemented Shift Technology’s fraud detection platform to identify suspicious auto and property claims and reduce investigative delays.
Posted: May 06, 2025
With LinkedIn's recent and ongoing algorithm changes, here are six tips to adjust your posts to drive engagement and outcomes.
Posted: May 06, 2025
Dog-related claims have increased significantly in both frequency and cost, according to the latest claims data analysis from the Insurance Information Institute (Triple-I) and State Farm.
Posted: May 06, 2025
The RISKWORLD event in Chicago this year took a step forward. We'll see where it goes from here. The post Opinion: RISKWORLD™ 2025 Impressions fr...
Posted: May 06, 2025