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James River Group Holdings, a Bermuda-domiciled insurance holding company, has appointed Bob Zimardo as Senior Vice President (SVP), Investments and Investor Relations. In the new role, he will report directly to Sarah Doran, Chief Financial Offic...
Posted: Apr 29, 2025
Cincinnati Financial Corporation has reported a net loss of $90 million for the first quarter of 2025, compared with net income of $755 million for the same period a year earlier. The loss was driven in part by a $56 million after-tax reduction in...
Posted: Apr 29, 2025
Brace UK & Europe, a specialist underwriter focused on multi-line and alternative risk solutions and backed by Beat Capital Partners, a subsidiary of Ambac Financial Group, Inc. has appointed Amie Townsend as Senior Underwriter. The appointmen...
Posted: Apr 29, 2025
Aspen Insurance has launched an initial public offering of 11 million Class A ordinary shares ($0.001 par value), all being sold by entities affiliated with Apollo Global Management, its parent company. Aspen has revealed that the selling sharehol...
Posted: Apr 29, 2025
European insurer and parent of large reinsurer Hannover Re, Talanx Group, has reported preliminary consolidated net income of €604 million for the first quarter of 2025. To compare, last year, in the first quarter, the group reported consolidated...
Posted: Apr 29, 2025
Howden Re, the reinsurance, capital markets, and strategic advisory division of Howden, has released Into the Cyberverse, an in-depth report examining the future of cyber risk transfer and outlining the necessary structural changes for creating a...
Posted: Apr 29, 2025
Spanish electricity grid operator REE said on Tuesday its preliminary assessment had ruled out cyberattack as the cause of the nationwide power outage that hit most of Spain and Portugal on Monday. Lights went off in most of the two …
Posted: Apr 29, 2025
Spanish electricity grid operator REE said on Tuesday its preliminary assessment had ruled out cyberattack as the cause of the nationwide power outage that hit most of Spain and Portugal on Monday. Lights went off in most of the two …
Posted: Apr 29, 2025
Northern Re, a reinsurance firm focused on long-tail casualty business, has announced it has successfully secured an additional $100 million in committed capital. This significant financial boost comes from a mix of both new and existing instituti...
Posted: Apr 29, 2025
FERMA has announced its support for a joint proposal by the European Insurance and Occupational Pensions Authority (EIOPA) and the European Central Bank (ECB) to establish a European public-private reinsurance scheme aimed at mitigating the impact...
Posted: Apr 29, 2025
It’s a worst case scenario that grid operators plan for but hope never to encounter. After one of the worst blackouts in Europe in more than a decade, electricity grid operators in Spain and Portugal are trying to get networks …
Posted: Apr 29, 2025
With the potential for ‘peak year’ insured losses to exceed $300 billion, the Swiss Re Institute has emphasised that the reinsurance sector, supported by $500 billion in capital, is crucial for absorbing large shocks. While losses from...
Posted: Apr 29, 2025
The U.S. Environmental Protection Agency announced a settlement for alleged violations of the Clean Air Act with Phoenix Global, a company in Burns Harbor, Indiana, that processes slag from a steel mill. The company paid $190,860 in penalties. Slag i...
Posted: Apr 29, 2025
The outlook for the key mid-year reinsurance renewals is distinct from what happened at the Japan-focused April renewal period, and from what specialist insurer Beazley is seeing so far, sellers are adopting a different strategy, according to Adri...
Posted: Apr 29, 2025
Bermuda-based insurer and reinsurer SiriusPoint has announced the appointment of Eleanor Gibson as International Chief Underwriting Officer (CUO), effective May 6th, 2025. Based in London, Gibson will report to Rob Gibbs, President & CEO of Si...
Posted: Apr 29, 2025
Margo Denke set out to rally the town when she learned that a Christian youth camp planned to build a wastewater treatment plant and discharge its effluent into the pristine Hill Country creek that ran through her small ranch. Denke, …
Posted: Apr 29, 2025
Margo Denke set out to rally the town when she learned that a Christian youth camp planned to build a wastewater treatment plant and discharge its effluent into the pristine Hill Country creek that ran through her small ranch. Denke, …
Posted: Apr 29, 2025
From April 2, 2025—“Liberation Day,” when the US announced sweeping tariffs on European imports—through to the market close on April 9, European insurance stocks declined by 11%, broadly in line with the wider equity market. The move reflected wid...
Posted: Apr 29, 2025
This post is part of a series sponsored by AgentSync. GPM Life fuels its growth with the ability to onboard more producers faster with AgentSync Executive Summary: With the demand for life insurance and annuities products growing constantly, GPM Life...
Posted: Apr 29, 2025
Specialist insurer Beazley has reported that its insurance written premiums reached $1.51 billion in Q1 2025, representing a 2% increase compared to the same period in 2024. Breaking down the Q1 2025 total, the Property Risks division contributed...
Posted: Apr 29, 2025
Sapiens International Corporation, a provider of software solutions for the insurance industry, has signed a definitive agreement to acquire AdvantageGo, a commercial re/insurance software provider, to enhance its global property and casualty (P&#...
Posted: Apr 29, 2025
Berkshire Hathaway Specialty Insurance (BHSI) has announced the appointment of Gabe Poppie as Strategic Growth Broker Leader and Brian Cummins as Customer & Broker Engagement Leader for the U.S. Northern Central region. Travis Bethune, Custome...
Posted: Apr 29, 2025
A key contract that supports the network service provider for the US National Oceanic and Atmospheric Administration is set to lapse this week, threatening internet access and the transmission of internal data nationwide for much of the agency. The N...
Posted: Apr 29, 2025
Insurance brokerage King Risk Partners has received a growth investment from Lightyear Capital, a New York-based private equity firm, The latest investment stands alongside existing shareholder BHMS Investments, LP (BHMS), which will roll a majori...
Posted: Apr 29, 2025
Renaissance Specialty Insurance (RSI), supported by Roosevelt Road Specialty, the MGU division of Roosevelt Road Capital Partners, announced that Jason Thrash has joined the company as a Senior Programme Underwriter. Thrash brings more than 18 yea...
Posted: Apr 29, 2025
A new first-of-its-kind law enacted in North Dakota could shield agrochemical manufacturer Bayer from lawsuits claiming it failed to warn customers that its popular weedkiller Roundup could cause cancer. Though the immediate effect may be small, give...
Posted: Apr 29, 2025
A new first-of-its-kind law enacted in North Dakota could shield agrochemical manufacturer Bayer from lawsuits claiming it failed to warn customers that its popular weedkiller Roundup could cause cancer. Though the immediate effect may be small, give...
Posted: Apr 29, 2025
A widely followed measure of Texas manufacturing activity weakened significantly as executives used words like “chaos” and “insanity” to describe the turmoil spurred by President Donald Trump’s tariffs, according to a re...
Posted: Apr 29, 2025
The number of Canadian “snowbirds” planning to sell their second homes in sunny Florida and Arizona has surged this spring, many of them put off by the sudden chill that has blanketed relations between their homeland and the U.S. Real ...
Posted: Apr 29, 2025
The number of Canadian “snowbirds” planning to sell their second homes in sunny Florida and Arizona has surged this spring, many of them put off by the sudden chill that has blanketed relations between their homeland and the U.S. Real ...
Posted: Apr 29, 2025
The sale of the bankrupt DNA data bank 23andMe is facing delays as the company tries to find a lead bidder that can quickly clear regulatory hurdles and guarantee customer privacy rules will be honored. The former Silicon Valley startup …
Posted: Apr 29, 2025
Josh Smith has joined Alliant Insurance Services as senior vice president and sales director within its employee benefits group. Based in California, Smith will direct business development activities across the western region. Smith has nearly 30 yea...
Posted: Apr 29, 2025
Royal London, a UK mutual life, pensions, and investment provider, has completed an £85 million buy-in with The College of Law Pension and Assurance Scheme as part of its Bulk Purchase Annuity (BPA) business. This transaction, completed in March 2...
Posted: Apr 29, 2025
California regulators have released a new proposal to allow the testing of self-driving heavy duty trucks on public roads. The state’s Department of Motor Vehicles announced proposed regulations last week to allow the testing of self-driving ve...
Posted: Apr 29, 2025
California regulators have released a new proposal to allow the testing of self-driving heavy duty trucks on public roads. The state’s Department of Motor Vehicles announced proposed regulations last week to allow the testing of self-driving ve...
Posted: Apr 29, 2025
New Hampshire has agreed to pay $4.5 million to a woman who accused a youth detention center staffer of raping her in storage closet just before he handed out candy to other children as a reward for good behavior. Natasha …
Posted: Apr 29, 2025
This post is part of a series sponsored by Expert Insured. In today’s highly competitive insurance market, MGAs and wholesalers require more than just basic management tools. They need intelligent, scalable solutions that streamline operations,...
Posted: Apr 28, 2025
AdvantageGo's underwriting workbench will be integrated into Sapiens' P&C Insurance Platform.
Posted: Apr 28, 2025
The Federal Aviation Administration said a series of issues prompted it to dramatically slow traffic at Newark Liberty Airport on Monday, prompting United Airlines to divert at least 35 flights to other airports. United Airlines, the largest carrier...
Posted: Apr 28, 2025
Marsh Sues Aon, Ex-Team Leader Over Exit of 20 Construction Surety Employees Global i...
Posted: Apr 28, 2025
Global Natural Disasters Cost Insurers $53B in Q1, With Economic Losses of $83B Gl...
Posted: Apr 28, 2025
New Rules for Reporting Self-Driving Crashes Could Benefit Tesla the...
Posted: Apr 28, 2025
Insurance Business Magazine - US
Posted: Apr 28, 2025
American Corporations Boost Security Spending After UnitedHeal...
Posted: Apr 28, 2025
Insurance Business Magazine - US
Posted: Apr 28, 2025
Spring Storms Spur More Destructive Tornadoes, Hail, and Floods A new...
Posted: Apr 28, 2025
Progressive Insurance is Hiring Again; 12,000 More People Needed Almost a year to th...
Posted: Apr 28, 2025