All Posts
The cost of risk and insurance weighs heavily on a vital sector By Joseph S. Harrington, CPCU Just about every class of insured is struggling to find adequate, affordable property and liability coverage in the current hard market. But is it a “crisis...
Posted: May 01, 2025
Reports show that dental care use is on the rise, along with the cost of that care By Len Strazewski Dentists used to have neighborhood offices—sometimes above a local drug store—and patients would climb the stairs when a tooth began to hurt. After s...
Posted: May 01, 2025
Independent insurance wholesaler CRC Group said it has acquired specialty wholesale distributor ARC Excess & Surplus. Terms were not disclosed. ARC was founded in 1986 by Chris Cavallaro as a boutique management and professional liability wholesa...
Posted: May 01, 2025
Paul Cooper, CFO of specialist insurer Hiscox, said today that the company’s strong level of return within London Market and Re & ILS is a reflection of the excellent rating environment over the past couple of years. Hiscox, a specialist...
Posted: May 01, 2025
Arthur J. Gallagher & Co. announced the acquisition of New Zealand-based First Capital Financial Services and its affiliate First Capital Wealth Management. Terms of the transaction were not disclosed. First Capital is a financial advisory firm p...
Posted: May 01, 2025
Officials and first responders in Pennsylvanians are assessing and cleaning up the damage caused after severe storms swept across western and central parts of the state Tuesday.. Officials reported four deaths linked to the severe weather. The Nation...
Posted: May 01, 2025
US primary insurer Allstate has completed the placement of its 2025-2026 Nationwide Excess Catastrophe Reinsurance Program, lifting the top of the tower by around $1.6 billion to $9.5 billion of loss, excess a $1 billion retention. At this year...
Posted: May 01, 2025
WTW, an advisory, broking, and solutions firm, has launched Radar Vision, an AI-driven performance monitoring tool built specifically for insurers that provides early actionable insights for pricing, portfolio management, underwriting, and claims,...
Posted: May 01, 2025
Over the last decade, scientists have rapidly developed the field of climate attribution research, teasing out the role played by global warming in individual natural disasters. Meanwhile, their ways of tracking a single emitter’s influence on...
Posted: May 01, 2025
Surendra Singupalli has joined Munich Re India as Head of Property Treaty Underwriting, bringing around 16 years of industry experience to the role. Singupalli has been with the reinsurer since 2016, having joined Munich Re Singapore as Senior Pro...
Posted: May 01, 2025
Members of New Jersey’s Supreme Court sounded skeptical at times Monday about the effort of a Catholic diocese to stop the state from empaneling a grand jury to investigate clergy sexual abuse allegations. The high court is considering the stat...
Posted: May 01, 2025
Dustin Childs can still describe the best demonstration of a winning hack at an international tournament he’s ever seen. It happened almost a decade ago. The participants had to find a way to break into a Windows workstation that was …
Posted: May 01, 2025
Talcott Financial Group, a life insurance provider specialising in risk solutions, has entered into a block reinsurance transaction of approximately $10 billion through its subsidiary, Talcott Resolution Life Insurance Company (Talcott Resolution)...
Posted: May 01, 2025
The Hanover Insurance Group has announced its financial results for the first quarter of 2025, reporting a net income of $128.2 million, catastrophe losses of $95.6 million, and a combined ratio of 94.1%. This year’s Q1 net income compares to the...
Posted: May 01, 2025
The Allstate Corporation, a publicly held personal lines insurers in the United States, reported first quarter 2025 financial results reflecting a solid underwriting result and disciplined risk management, even in the face of severe weather events...
Posted: May 01, 2025
Howden Re, the reinsurance division of borking group Howden, has announced the promotion of Cynthia Cui to Head of Asia-Pacific (APAC) Facultative Reinsurance at Howden Re International. In her new role, Cui will lead the continued expansion of Ho...
Posted: May 01, 2025
Bermuda-based insurer and reinsurer Lancashire Holdings Limited reported a 12.7% year-on-year increase in gross premiums written (GPW) to $712.1 million for the three months ended 31 March 2025, up from $631.7 million in the same period last year....
Posted: May 01, 2025
Accredited Insurance Holdings Inc., a specialty programme insurer, has announced a series of key senior appointments to strengthen its leadership team in the UK and Europe. Laure Kearns will join the company in July as UK Chief Underwriting Office...
Posted: May 01, 2025
Bermuda-based insurer and reinsurer AXIS Capital Holdings has reported an improved combined ratio of 90.2% for the first quarter of 2025, up 0.9 points on the prior year, with stronger underwriting income in both its insurance and reinsurance segm...
Posted: May 01, 2025
Bermuda-domiciled insurer and reinsurer Everest Group has reported $472 million of pre-tax catastrophe losses, net of recoveries and reinstatement premiums, in the first quarter of 2025, primarily driven by the California wildfires, compared to $8...
Posted: May 01, 2025
MS Transverse, a hybrid fronting carrier in North America and a subsidiary of MSIGH, has appointed Pete Chandler as Chief Revenue Officer, meanwhile, Ethan Allen has been promoted to Chief Program Officer. The company has also announced that Paul...
Posted: May 01, 2025
Specialist insurer Hiscox has reported an increase in Group insurance contract written premiums (ICWP) of 2.4% to $1.6 billion for the first quarter of 2025, with growth in Retail and London Market slightly offset by a decrease in the Re & ILS...
Posted: May 01, 2025
Insurer and reinsurer Markel Group’s operating income declined to $282.5 million in the first quarter of 2025 compared with $1.34 billion in the prior year quarter, as the company’s combined ratio rose slightly to 95.8% on the back of...
Posted: May 01, 2025
Digital home insurance provider Kin has surpassed $100 billion in total insured property value, a milestone that highlights the company’s growth in consumer based and increased profitability. Over the past four years, Kin has demonstrated substant...
Posted: May 01, 2025
Distinguished Programs, a national insurance program manager, has launched a new Commercial Surety division, led by industry veteran Miguel Ferreira. The division expands Distinguished’s Surety program, joining its Contract Surety unit introduced...
Posted: May 01, 2025
The regulatory landscape in the Asia-Pacific region is rapidly evolving, influencing insurers’ risk management and capital adequacy. Australia and Malaysia are two examples of markets where recent regulatory developments are likely to influence...
Posted: May 01, 2025
Hackers linked to Russia’s government launched a cyberattack last spring against municipal water plants in rural Texas. At one plant in Muleshoe, population 5,000, water began to overflow. Officials had to unplug the system and run the plant ma...
Posted: May 01, 2025
There’s a course-correction underway among financial firms that went all out on ESG hiring just a few years back, according to recruiters advising banks and money managers. Firms have had to acknowledge that the goal of generating the highest p...
Posted: May 01, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has updated its Canadian private company executive lines suite of products. Simultaneously, the insurer has also appoint...
Posted: May 01, 2025
Ratings agency AM Best has revised the outlook to negative from stable for the members of the NJM Insurance Group (NJM) for the Long-Term Issuer Credit Ratings and affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term …...
Posted: May 01, 2025
The Workers’ Compensation Insurance Rating Bureau of California submitted a September 1, 2025 pure premium rate filing, proposing advisory pure premium rates on average 11.2% above the average approved September 1, 2024 advisory pure premium ra...
Posted: May 01, 2025
Working to help insureds find the legal representation they need. The post The Critical Role of Defense Counsel in Secur...
Posted: Apr 30, 2025
When it comes to managing today's toughest risks, alternative risk solutions, or ARS, offer flexibility, control and adaptability in addition to what traditional lines bring to the risk management table. The post
Posted: Apr 30, 2025
This post is part of a series sponsored by Old Republic Surety. Surety bonds have garnered an unfortunate reputation of being “ugly” or “uncomfortable” for independent insurance agents for many reasons. Unlike a traditional in...
Posted: Apr 30, 2025
Allstate Corp. first quarter 2025 net income applicable to common shareholders fell more than 52% to $566 million primarily due to a record $3.3 billion of gross catastrophe losses. The gross loss was partially offset by $1.1 billion of reinsurance &...
Posted: Apr 30, 2025
Insurance Business Magazine - US
Posted: Apr 30, 2025
The transaction with Talcott Financial Group reduces MetLife’s retail variable annuity risk and supports its legacy business runoff strategy.
Posted: Apr 30, 2025
Rep. Juan Ciscomani (R-Arizona), spoke to Big “I” members about the importance of civil discourse within Congress, engaging younger generations in public service and the American Dream.
Posted: Apr 30, 2025
Insurance Information Institute
Media Contact: Florida Press Office Mark Friedlander 904-806-7813 [email protected] ST. JOHNS, Fla., May 1, 2025 – The start of what is forecast to be an “above average” 2025 Atlantic hurricane season is just a month away and the Insurance Information...
Posted: Apr 30, 2025
The partnership development and risk management expert will lead strategic partnerships to support adoption of Friendly’s AI treaty analysis tool.
Posted: Apr 30, 2025
The new offering will use recently acquired EvolutionIQ’s technology to streamline medical review and guide adjuster decisions.
Posted: Apr 30, 2025
At least 5,000 homeowners will receive Whisker Labs’ electrical fire safety technology through the new initiative.
Posted: Apr 30, 2025
Canada’s largest mutual insurer completes migration of core P&C operations to Guidewire Cloud Platform, expanding use of InsuranceSuite.
Posted: Apr 30, 2025
Rick brings nearly three decades of experience as a successful professional services executive to his role of chief customer officer at Vertafore.
Posted: Apr 30, 2025