All Posts

Liberty Mutual Insurance elects Sweeney as Chairman, Long to retire

Reinsurance News

The Board of Directors of Liberty Mutual Insurance has elected Timothy M. Sweeney as the Chairman of Liberty Mutual Holding Company Inc., effective April 9th, 2025. Sweeney, currently the company’s President and Chief Executive Officer, will...

Posted: Apr 10, 2025

Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout

Insurance Journal

The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S. Trea...

Posted: Apr 10, 2025

EU insurers likely to avoid crypto if 100% Solvency II charge adopted: Fitch

Reinsurance News

A new report from Fitch Ratings has suggested that EU insurers are likely to keep their exposure to crypto assets minimal if proposals to set the Solvency II risk charge for such assets at 100% are adopted. According to the rating agency, the Euro...

Posted: Apr 10, 2025

Neema appoints Sandowen Ramasawmy as Underwriter at London office

Reinsurance News

Neema Insurance Managing Agency, an African specialist underwriting agency, has announced the appointment of Sandowen Ramasawmy as Underwriter at its London office. Ramasawmy brings extensive underwriting experience across multiple lines of busine...

Posted: Apr 10, 2025

Resilience & Accredited partner on Tech E&O coverage for UK & Europe

Reinsurance News

Cyber risk solutions firm Resilience, with the support of Accredited Insurance, has introduced coverage for Technology Errors and Omissions (Tech E&O) for clients with more than £50 million or €25 million in annual revenue in the UK and Europe...

Posted: Apr 10, 2025

SCOR gets $240m of retrocession protection with latest cat bond

Reinsurance News

French reinsurance company SCOR has returned to the catastrophe bond market, securing $240 million of retrocession protection against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. Atlas Capita...

Posted: Apr 10, 2025

CG Re appoints Ramanuj Seegoolam to London broking team

Reinsurance News

African reinsurer CG Re Group has announced the appointment of Ramanuj Seegoolam to its broking team in the London office. The CG Re Group announced the opening of its London office in July 2024, as part of the company’s expansion strategy to beco...

Posted: Apr 10, 2025

What Two Oil Firm Ads Show About Where UK Regulator Draws Line on Greenwashing

Insurance Journal

An ad for TotalEnergies SE inflated the oil company’s investments in renewable energy, misleading consumers, the UK’s advertising regulator ruled on Wednesday. Another commercial for Shell, which promoted its investments in EV charging st...

Posted: Apr 10, 2025

Trump Issues Order to Block State Climate Change Policies

Insurance Journal

U.S. President Donald Trump issued an executive order on Tuesday that aims to block the enforcement of state laws passed to reduce the use of fossil fuels and combat climate change. The move is the latest in a string of …

Posted: Apr 10, 2025

Rebates on HO Premiums? It’s a Thing, Orion180 Says in Launching Florida Coverage

Insurance Journal

Orion180, a property insurance and surplus lines carrier founded in Melbourne, Florida, in 2016, has now started writing policies in the state where it is headquartered. And it is doing so with what appears to be an unusual strategy: Rebates …

Posted: Apr 10, 2025

Court: 911 Not Part of Emergency Services, Barring Dispatcher Liability Coverage

Insurance Journal

A 911 dispatch center is not necessarily part of a county’s emergency services department and is not covered by a secondary liability insurance policy, a federal appeals court found this week in a decision that will cost Travelers several milli...

Posted: Apr 10, 2025

After Decades of Abuse Complaints, New York Pediatrician Ordered to Pay $1.6 Billion

Insurance Journal

Starting in the 1980s, New York law enforcement and health officials fielded sexual abuse complaints from the young patients of a respected pediatrician who ran his practice out of a basement office in his home on Long Island. But Stuart …

Posted: Apr 10, 2025

Hawaii’s Kilauea Volcano Spews Fountains of Lava in Latest Eruption

Insurance Journal

Scientists were bracing for high lava fountains during the latest episode of an ongoing eruption of Hawaii’s Kilauea volcano. Lava fountains have reached heights of 1,000 feet (305 meters) during eruptive episodes in recent weeks, drawing visit...

Posted: Apr 10, 2025

Marsh McLennan Agency Acquires Pennsylvania’s Arthur Hall

Insurance Journal

Marsh McLennan Agency (MMA), a business of Marsh, announced the acquisition of Arthur Hall Insurance, a West Chester, Pennsylvania-based insurance agency. Terms of the acquisition were not disclosed. Founded in 1966, Arthur Hall provides commercial a...

Posted: Apr 10, 2025

People Moves: Inszone Promotes Western Leadership; Moreau Joins Alliant as VP in Los Angeles

Insurance Journal

Inszone Promotes Western Leadership Inszone Insurance Services made a series of leadership promotions in its Western region. Layne Bowen has been promoted to vice president of Utah. Formerly the owner of L.A. Bowen Insurance in Orem, Utah, Layne join...

Posted: Apr 10, 2025

Athora Netherlands facilitates pension transfers through Zwitserleven amid system overhaul

Reinsurance News

Athora Netherlands, a specialist life insurer and pension provider known for supporting pension fund transitions in the Dutch market, has facilitated two major pension buyouts through its Zwitserleven brand—marking significant steps in the country...

Posted: Apr 10, 2025

Swiftly Launch New Programs with Expert Insured’s XL Rating, API Integration, and ISO Rater Compatib...

Insurance Journal

This post is part of a series sponsored by Expert Insured. In the fast-paced world of insurance, the ability to swiftly launch new programs can be a game-changer for MGAs and wholesalers. Expert Insured, a robust platform developed by Selectsys &#823...

Posted: Apr 09, 2025

Liberty Mutual CEO Sweeney Elected Chairman as Long Retires

Insurance Journal

Liberty Mutual’s Timothy M. Sweeney, president and chief executive officer, has been elected chairman of Liberty Mutual Holding Co. Sweeney succeeds, David H. Long, who is retiring. Long has been with Boston-based Liberty Mutual for 40 years. H...

Posted: Apr 09, 2025

Liberty Mutual CEO Sweeney Elected Chairman, Long Steps Away

Insurance Journal

Liberty Mutual’s Timothy M. Sweeney, president and chief executive officer, has been elected chairman of Liberty Mutual Holding Co. Sweeney succeeds, David H. Long, who is retiring. Long has been with Boston-based Liberty Mutual for 40 years. H...

Posted: Apr 09, 2025

Bitcoin-denominated Meanwhile Raises $40M for BTC Life Insurance

IIR

The Series A funding, co-led by Framework Ventures and Fulgur Ventures, supports global expansion of Bitcoin-denominated insurance products.

Posted: Apr 09, 2025

California Struggles to Fix Insurance Challenges: Triple-I

Insurance Information Institute

Media Contact: California Press Office Janet Ruiz 707-490-9365 [email protected]     SAN DIEGO, April 10, 2025 – What will it take for insurers to write more homeowners insurance in the Golden State? The Insurance Information Institute’s (Triple-I) newl...

Posted: Apr 09, 2025

Manulife Names Stephanie Fadous Chief Actuary

IIR

Fadous will join the executive team as she succeeds Steve Finch and reports to incoming CEO Phil Witherington.

Posted: Apr 09, 2025

HawkSoft Partners with Jump Suit Group to Support Agency Growth

IIR

The integration connects marketing tools with management systems to help agencies generate leads and scale operations.

Posted: Apr 09, 2025

Anthem Business Software, LLC and HawkSoft Partner for API Integration to Enhance Independent Agent...

coverager

Newest addition to HawkSoft’s API Partner Program Anthem Business Software, LLC, a top provider of business software and digital marketing solutions for small businesses, and HawkSoft, a leading agency management...

Posted: Apr 09, 2025

Lincoln Financial and Bain Capital announce strategic partnership

coverager

Long has been part of Liberty Mutual for 40 years.

Posted: Apr 09, 2025

9 Changes to FMCSA’s CSA Scoring: What you need to know

Insurance Journal

This post is part of a series sponsored by IAT Insurance Group. The Federal Motor Carrier Safety Administration (FMCSA) is revamping its Compliance, Safety and Accountability system to consolidate violations, simplify severity weights, update interve...

Posted: Apr 09, 2025

Medicare Surety Bonds: Essential Compliance

Insurance Journal

This post is part of a series sponsored by Old Republic Surety. A Medicare bond from Old Republic Surety can protect suppliers of durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) from financial risks, ensure compliance with reg...

Posted: Apr 09, 2025

Sircon technology moves to the AWS cloud

coverager

Sircon’s move to the AWS cloud brings enhanced reliability, more efficient security, and reduced downtime.

Posted: Apr 09, 2025

Trump Temporarily Lowers Tariffs for Most Countries, Raises Them for China

Insurance Journal

U.S. President Donald Trump said on Wednesday he would temporarily lower new tariffs on many countries, even as he raised them further on imports from China, in a sudden reversal that sent U.S. stocks sharply higher. Trump’s announcement came l...

Posted: Apr 09, 2025

Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers

Carrier Management

Insurance Industry Contemplates Knock-On Effect of Tariffs to Claims, Consumers Insuran...

Posted: Apr 09, 2025

AccuWeather: Severe Storms in Central US Cause $80-$90B in Damages, Economic Loss

Carrier Management

AccuWeather: Severe Storms in Central US Cause $80-$90B in Damages, Economic Loss A multiday s...

Posted: Apr 09, 2025

State Farm’s California Emergency Rate Request Dropped to 17%

Carrier Management

State Farm’s California Emergency Rate Request Dropped to 17% Lawyers fo...

Posted: Apr 09, 2025

Swollen Rivers Flood Towns in the South and Midwest

Carrier Management

Swollen Rivers Flood Towns in the South and Midwest Days of unrelenting downpours swelled rivers to nea...

Posted: Apr 09, 2025

Appalachia Flood Risk Climbing: Report

Carrier Management

Appalachia Flood Risk Climbing: Report A new report from the largest private floo...

Posted: Apr 09, 2025

U.S. Road Deaths Drop Below 40,000, First Time Since COVID

Carrier Management

U.S. Road Deaths Drop Below 40,000, First Time Since COVID A projected 39,345 people died in U.S. traffic...

Posted: Apr 09, 2025

Civil Unrest Tops Business Concerns Amid Rising Global Political Risks

Risk & Insurance

Allianz report reveals 51% of companies fear civil unrest as protests spike worldwide; terrorism, state-sponsored sabotage, and environmental activism pose growing threats to operations. The post

Posted: Apr 09, 2025

MNK Group Unveils New Unified Brand

Insurance Journal

MNK Group has launched a new unified brand, which integrates its broking, MGA, and risk-taking entities to ensure a consistent customer experience. The new group website (groupmnk.com) connects all underlying entities across the UK, Europe, North Ame...

Posted: Apr 09, 2025

China Financial Regulator to Raise Insurance Funds’ Limits for Stock Investment

Insurance Journal

China’s financial regulator plans to raise limits for insurance funds’ investment in the stock market, as part of action taken to increase support for capital markets and the real economy. It will raise the upper limit of the equity asset...

Posted: Apr 09, 2025

People Moves: Inszone Names Strong, Cook Midwestern Leadership

Insurance Journal

Inszone Insurance Services, headquartered in Rancho Cordova, California, made a series of leadership promotions in its Midwestern region. Jared Strong is now vice president of Illinois. Strong has been with Inszone for five years, previously serving...

Posted: Apr 09, 2025

California Wildfires Had Little Impact on Reinsurers’ Risk Appetite During April Renewals

Insurance Journal

Property-catastrophe capacity remained adequate to meet demand during the April 1 renewals for US reinsurance buyers, despite the record losses from California’s January wildfires, according to Aon and Gallagher Re in their renewal reports. Rei...

Posted: Apr 09, 2025