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James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Todd Sutherland, current Senior Vice President, Management Liability for the Excess and Surplus Lines (E&S) segment, to succeed Richard Schmitzer as Presi...
Posted: May 06, 2025
Air traffic controllers overseeing planes at Newark International Airport in New Jersey lost contact with aircraft for 30 seconds last week, U.S. Transportation Secretary Sean Duffy said on Monday. “The primary communication line went down, the...
Posted: May 06, 2025
ZestyAI, a provider of AI-driven insurance risk analytics, has announced that its Severe Convective Storm suite, which includes Z-HAIL™, Z-WIND™, and Z-STORM™, has received regulatory approval from the Ohio Department of Insurance. With the additi...
Posted: May 06, 2025
Nearly 60% of companies expect negative financial impact from Trump trade policies, matching losses from Ukraine conflict as political risk reaches enterprise-level concern, Willis finds. The post
Posted: May 06, 2025
DoorDash Inc. is committing $5 million to back political candidates in New York City and state-level races in New Jersey this year, becoming the latest technology company to disclose its lobbying efforts ahead of local elections in the tristate area....
Posted: May 06, 2025
In its Q1 2025 results, Lemonade has reported total revenue of $151.2 million, marking an increase of $32.1 million or 27%, compared to Q1 2024, primarily due to the increase in gross earned premium, ceding commission income, and net investment in...
Posted: May 06, 2025
Earnix, the software-as-a-service (SaaS) specialist, announced it has signed a definitive agreement to acquire Zelros, the Paris-based insurtech and developer of artificial intelligence solutions. Financial details of the deal were not disclosed. By...
Posted: May 06, 2025
Mercer, a business of Marsh McLennan, has completed its acquisition of SECOR Asset Management, a global provider of bespoke strategic and portfolio solutions. SECOR serves the complex needs of institutional investors, offering a range of end-to-en...
Posted: May 06, 2025
James River Group Holdings, a Bermuda-domiciled insurance holding company, has reported first quarter 2025 net income of $9 million and adjusted net operating income of $9.1 million, compared to $20.9 million and $14.8 million, respectively, in Q1...
Posted: May 06, 2025
Connecticut Attorney General William Tong has secured a $4.93 million judgment against Planet Zaza of East Haven and its owner, Mohamed Alraishani, following “persistent illegal cannabis sales in spite of a court order and repeated law enforcem...
Posted: May 06, 2025
The latest Insurance Marketplace Realities report from Willis highlights opportunities for buyers from ample capital, growing capacity, and renewed competition, signalling a healthy buyer’s market in 2025. Willis, part of global insurance br...
Posted: May 06, 2025
Cyberattacks on Britain’s Marks & Spencer and Co-op Group started with hackers impersonating employees while contacting the retailers’ IT help desks, technology specialist site BleepingComputer reported. The site said the hackers were...
Posted: May 06, 2025
Munich Re Life US, a subsidiary of Munich Re, has partnered with MIB, a provider of data-driven insights and digital services for the life insurance industry, to support the adoption of electronic medical data in life insurance underwriting by enh...
Posted: May 06, 2025
Rokstone, an international speciality re/insurance MGA and part of the Aventum Group, has appointed Kamil Mammadov as Head of Short Tail Lines for Rokstone DIFC, subject to regulatory approval. Mammadov holds over 20 years of underwriting experien...
Posted: May 06, 2025
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC...
Posted: May 06, 2025
FM, a property mutual insurance company, has completed the previously announced acquisition of Velocity Specialty Insurance Company (VSIC) from Velocity HoldCo, LLC (Velocity), the former parent company of VSIC and Velocity Risk Underwriters, LLC...
Posted: May 06, 2025
Palomar Holdings has reported a net income of $42.9 million for Q1 2025, up considerably compared to the $26.4 million disclosed in Q1 2024. Palomar’s gross written premiums were also up in the opening quarter of 2025, expanding 20.1% from t...
Posted: May 06, 2025
Tony Ursano, founder and managing partner of Insurance Advisory Partners, LLC, has been elected to Assured Guaranty’s Board of Directors on May 2nd, 2025, where he will serve on the Environmental and Social Responsibility, Finance and Risk Oversig...
Posted: May 06, 2025
SiriusPoint Ltd., a provider of re/insurance services, has announced strong results for the first quarter of 2025, continuing its streak of underwriting profitability, with underwriting income of $29 million for the quarter, compared with $44 mill...
Posted: May 06, 2025
Private investment firm GI Partners, in collaboration with insurance industry veterans Brad Emmons and Brian Hanuschak, has launched a new tech-enabled Managing General Agency (MGA) platform that will focus on acquiring and growing a diversified p...
Posted: May 06, 2025
The Fidelis Partnership (TFP), a privately owned, Bermuda-domiciled managing general underwriter, has appointed Peter Welton as its new Head of Specialty. In the role, Welton will report to John-Paul O’Hare, TFP’s Director of Underwriting. He take...
Posted: May 06, 2025
This post is part of a series sponsored by AgentSync. Distribution channel management relies on real-time producer data For insurance organizations looking to optimize their distribution channel management, having access to accurate, up-to-the-day pr...
Posted: May 06, 2025
Arthur J. Gallagher & Co. has acquired Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera), an insurance and reinsurance brokerage firm based in Istanbul, Türkiye, in an undisclosed transaction. Aspera specialises in clients operating in sect...
Posted: May 06, 2025
As economic and insurance exposures in high-risk regions are likely to increase with climate change, impacting banks’ and insurers’ ability to support clients, the Bank of England has updated its supervisory expectations to help guide these firms...
Posted: May 06, 2025
Willis, a WTW business, has integrated Moody’s detailed global flood data into its proprietary risk management tools, building upon its partnership with the company. In the past, Willis has incorporated Moody’s catastrophe models into its Property...
Posted: May 06, 2025
Berkshire Hathaway’s Board of Directors has unanimously voted to appoint Greg Abel, Vice Chairman Non-Insurance Operations, as President and CEO, effective January 1, 2026, following a recommendation from Chairman and CEO Warren Buffett. Buf...
Posted: May 06, 2025
Insurance and reinsurance broking group Gallagher has appointed Ian Picton to the newly created role of Head of Energy Transition. In the expanded role, he is responsible for supporting energy clients that already operate in the low-carbon and ren...
Posted: May 06, 2025
Erithmitic, a technology-driven alternative asset manager, recently launched its affiliated reinsurance entity, Navigate Re, which is set to provide the firm with up to $2.5 billion in long-term investment capacity over the next ten years. Initial...
Posted: May 06, 2025
WTW, a global advisory, broking, and solutions firm, has appointed Steve Hutchinson as Head of Property & Casualty (P&C) for Hong Kong and Macau at Willis, a WTW business. Hutchinson brings over two decades of insurance market experience a...
Posted: May 06, 2025
Corporations and Disparate Impact Liability President Donald Trump recently ordered federal agen...
Posted: May 06, 2025
Texting, Social Media and Calls Top Driver Distractions: Report U.S. dr...
Posted: May 06, 2025
The first three months of 2025 were the slowest quarter for insurance agency mergers and acquisitions since the second quarter 2020, according to investment banking and financial consulting firm OPTIS Partners. The total number of insurance agency me...
Posted: May 06, 2025
Renew Risk, a risk modelling and analytics firm, has launched two new earthquake and typhoon models for offshore wind farms in Japan. Specifically designed for Japan’s disaster-prone offshore wind sector, these are the first and only commercially...
Posted: May 06, 2025
Money laundering and cyber risks remained high in Switzerland, the head of the country’s financial market regulator said on Monday, while there was an increasing risk of individuals and trying to get around financial sanctions on Russia. Money-...
Posted: May 06, 2025
Starting July 1, Florida insurance agents will no longer need to make a “diligent effort” to find coverage for hard-to-place properties before turning to surplus lines insurance if the governor signs House Bill 1549 into law. But a separa...
Posted: May 06, 2025
Oregon saw a drop in worker deaths last years, according to newly released data from the state’s Department of Consumer and Business Services. But despite the overall decline, the numbers show that certain industries—particularly logging and co...
Posted: May 06, 2025
Due to growing membership in the Republic of Ireland, the Managing General Agents’ Association (MGAA) has strategically partnered with Sicsic Advisory to provide them with dedicated regulatory and risk insight. As an existing UK Supplier Member, S...
Posted: May 06, 2025
A former Massachusetts state police sergeant was found guilty Friday of taking part in a scheme to take bribes, including a new snowblower and a driveway, in exchange for giving passing scores on commercial driving tests. Gary Cederquist, 59, of R...
Posted: May 06, 2025
Global insurance broker Hub International Limited reported it has acquired the assets of Allegiant Global Partners, Inc. (AGP) of Boston. AGP is a health, welfare and risk consulting firm serving global employers. AGP serves the needs of internationa...
Posted: May 06, 2025
EmPRO is a licensed medical professional liability insurance carrier headquartered in New York State.
Posted: May 05, 2025
DXC has made its suite of Assure SaaS insurance solutions available through AWS Marketplace, aiming to simplify procurement and accelerate digital transformation for insurers.
Posted: May 05, 2025
Willis, a WTW business, has named David Lofstrom Deputy Regional Leader for New England within its Corporate Risk and Broking unit in North America.
Posted: May 05, 2025
Aflac will offer Empathy’s LifeVault platform to select group life insurance certificate holders at no additional cost beginning July 1.
Posted: May 05, 2025
Guardian has made its Registered Index-Linked Annuity available in New York and introduced additional investment terms to expand customization for retirement planning.
Posted: May 05, 2025
SAS has launched a new assessment tool and expanded offerings to help organizations evaluate and advance AI governance across oversight, compliance, operations, and culture.
Posted: May 05, 2025
My 4 Favorite Buffett-isms PaulCarroll Mon, 05/05/2025 - 19:31 I had the briefest of interacti...
Posted: May 05, 2025
TeleMessage, the message-archiving app that former National Security Adviser Michael Waltz appeared to be using in a photograph of him communicating with other Trump administration officials, is investigating whether hackers exploited its technology....
Posted: May 05, 2025