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Amphitrite Underwriting London, a marine hull specialist managing general agent (MGA), has bought back Arch’s minority shareholding in the company, transitioning to full independence. Amphitrite was founded in 2018, and with strategic seed investm...
Posted: Aug 05, 2025
Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, …
Posted: Aug 05, 2025
Westfield Specialty, a global specialty insurance carrier, has announced the appointment of Jeff Circuit as Head of U.S. Accident & Health (A&H) Reinsurance. In this role, Circuit will lead the growth of Westfield Specialty’s newly launche...
Posted: Aug 05, 2025
A wildfire in California that covers two counties, and prompted evacuation orders and threatened hundreds of structures, has grown to 72,460 acres. The fire is threatening more than 870 structures, according to CalFire. At least three people have bee...
Posted: Aug 05, 2025
This edition of International People Moves details appointments at Berkley Re UK and Aon. A summary of these new hires follows here. Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End W. R. Berkley Corp. announced the appointment...
Posted: Aug 05, 2025
Lemonade reported a net loss of $43.9 million for the second quarter of 2025, an improvement from the $57.2 million loss in the same quarter a year earlier, primarily driven by higher revenue, partially offset by increased growth spending. In forc...
Posted: Aug 05, 2025
Berenberg, a European investment bank and asset manager, has noted that mergers and acquisitions (M&A) could become increasingly appealing to large reinsurers. This comes amid expectations that organic growth may slow due to rising competition...
Posted: Aug 05, 2025
Rotten wood and poor inspections appear to have played roles in the collapse of the mast of a historic Maine schooner in an accident that killed one person and injured several others, the U.S. Coast Guard said in a report …
Posted: Aug 05, 2025
Chariot & Castle Seguros, a property and casualty insurance brokerage operating in Colombia under the name Grupo ilao, has announced the successful acquisition of 21 insurance brokerages across seven Colombian cities over the past two years. T...
Posted: Aug 05, 2025
Credit rating agency Moody’s Ratings has upgraded the outlook on ASR Re Limited’s Baa1 insurance financial strength rating from stable to positive; ASR Re, a Bermuda-based reinsurer, operates as part of Africa Specialty Risks (ASR), a group provid...
Posted: Aug 05, 2025
Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas J.C. Flowers & Co. (JCF), a private equity investment firm that focuses on financial services investments, announced that investment vehicles affiliated with JCF — JC...
Posted: Aug 05, 2025
Two lawsuits have been filed over the tragic fire at a Fall River, Massachusetts assisted living facility that took the lives of 10 residents and injured 30 others on July 13, making it the state’s deadliest residential fire in decades. …
Posted: Aug 05, 2025
Off the brink of hyperexponential (hx) announcing the launch of a new core product offering, Platform Intelligence, Reinsurance News spoke with Jamie Wilson, Vice President of Growth at hx, about the company’s new product and what key benefits it&...
Posted: Aug 05, 2025
Aon, a global insurance and reinsurance broker, has announced the appointment of Jo Ann Jenkins to its Board of Directors, effective August 15th, 2025. Jenkins most recently served as CEO of AARP, a nonprofit, nonpartisan membership organisation d...
Posted: Aug 05, 2025
US insurer Progressive has announced the successful renewal of its catastrophe reinsurance arrangements in the second quarter of 2025, reinforcing its protection against significant weather events. The renewed programs, which address the company’s...
Posted: Aug 05, 2025
Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has named Stephane Flaquet as its new Chief Operating Officer (COO), signalling the end of his 15-year tenure at global re/insurer Hiscox. Flaquet joins Lloyd’s o...
Posted: Aug 05, 2025
Palomar has reported a net income of $46.5 million for Q2 2025, up from $25.7 million in Q2 2024, while its combined ratio improved to 78.8%. At the same time, the firm’s gross written premiums increased 28.8% to $496.3 million in Q2 2025, a...
Posted: Aug 05, 2025
Global insurer Chubb, has announced the appointment of Michael Babington as Head of Claims for Europe, Middle East and Africa (EMEA), effective 1 November 2025. Babington succeeds Richard Shanks, who will continue in the role until November. In hi...
Posted: Aug 05, 2025
The UK P&I Club, a provider of Protection & Indemnity insurance to the global shipping industry, has introduced UK Fixed, a Fixed Premium Protection & Indemnity (P&I) product specifically designed for owners of smaller vessels. Thi...
Posted: Aug 05, 2025
Hong Kong set a rainfall record for August after violent storms lashed the city on Tuesday, leading to flight delays and commuter chaos. About 356 millimeters (14 inches) of precipitation was recorded at the Hong Kong Observatory’s headquarters...
Posted: Aug 05, 2025
This post is part of a series sponsored by Expert Insured. Southern Insurance Underwriters (SIU) handles a high volume of emails every day – from submissions and endorsements to cancellations and quote requests. For a long time, those emails were ...
Posted: Aug 05, 2025
Insurance holding company W. R. Berkley Corporation has announced the appointment of Wayne Ashley as President of Berkley Re UK Limited, effective October 2025, and confirmed that he will take over as Chief Executive Officer (CEO) of the company i...
Posted: Aug 05, 2025
Aircraft lessor Air Lease Corp. reported a rise in second-quarter profit and revenue on Monday, due to a $344 million insurance claim settlement plus robust aircraft rental demand. Aircraft lessors have benefited from strong lease rates as airlines r...
Posted: Aug 05, 2025
Japanese reinsurance group Toa Re has reported a strong financial performance for the fiscal year ending March 2025, with its net income increasing to 28.5 billion yen (USD 190 million). This year’s net income increased by 12.9 billion yen, or 121...
Posted: Aug 05, 2025
Greenlight Re reported net income of $0.3 million for Q2 2025, a sharp decline from $8.0 million in Q2 2024, primarily due to a $7.8 million investment loss this quarter versus $15.3 million in investment income a year earlier. David Einhorn, Chai...
Posted: Aug 05, 2025
Starr Insurance, a provider of commercial property and casualty insurance, has announced the retirement of Phil Finley as the President of Asia Pacific (APAC), and Chief Executive Officer (CEO) of Thailand. Effective August 1st, 2025, Sean Chen wi...
Posted: Aug 05, 2025
Howden, the global insurance and reinsurance broking group, has confirmed its entry into the U.S. retail market and has announced that Mike Parrish will lead the operations as Chief Executive Officer (CEO) of Howden U.S. At the same time, the brok...
Posted: Aug 05, 2025
Specialty Program Group LLC (SPG), a national operator of specialty insurance businesses, has acquired ANOVA Marine Insurance Services, LLC, a managing general agency (MGA) focused on marine, cargo, transportation, and logistics insurance. The acq...
Posted: Aug 05, 2025
Aon’s Reinsurance Solutions, the reinsurance division of global broker Aon, has appointed Mandy Phan as Head of Production, Treaty for Asia. In her new role, Phan will lead treaty business development across Asia, with a particular focus on Southe...
Posted: Aug 05, 2025
Slight Benefit in Workers Comp Outcome With N...
Posted: Aug 05, 2025
Lemonade, a digital insurance provider using AI and operating with a focus on social impact, has introduced a buildings-only Homeowners insurance product in the UK. This launch adds to the company’s existing UK offerings and reflects its gradual e...
Posted: Aug 05, 2025
A federal judge dismissed a defamation lawsuit by Devin Nunes, the former California congressman and now chief executive of Trump Media and Technology Group, against NBCUniversal over a comment by Rachel Maddow about his dealings with a suspected Rus...
Posted: Aug 05, 2025
Days after floods killed at least 135 people in Texas Hill Country, weather scientist Neil Jacobs appeared before a Senate committee as the nominee to lead the US agency that oversees forecasting. He vowed to create a cutting-edge weather modeling &#...
Posted: Aug 05, 2025
A high-profile southwest Florida insurance agent who pleaded “no contest” to absconding with thousands of dollars in premiums has been sentenced to just over a year in prison. Reid J. McDaniel, 33, of North Fort Myers, was charged a year...
Posted: Aug 05, 2025
A federal judge dismissed a defamation lawsuit by Devin Nunes, the former California congressman and now chief executive of Trump Media and Technology Group, against NBCUniversal over a comment by Rachel Maddow about his dealings with a suspected Rus...
Posted: Aug 05, 2025
Two California companies agreed to pay $1.75 million for failing to comply with cybersecurity requirements in an Air Force contract. Defense contractor Aero Turbine Inc., in Stockton, California, and private equity company Gallant Capital Partners LL...
Posted: Aug 05, 2025
Aon named Shelley Yim Northern California market leader. Yim has more 15 years of experience at Aon, currently serving as chief client officer for the West Region. She previously held regional leadership roles and managed global risk management clien...
Posted: Aug 05, 2025
Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has opened two new “global capabilities centres” in India at Trivandrum and Pune. These centres will enhance Arch’s ability to service its insurance, reinsurance and m...
Posted: Aug 05, 2025
Poor care coordination after workers' comp surgery worsens recovery by adding stress to already fragmented healthcare delivery. The post Optimal Coordination appeared first on...
Posted: Aug 04, 2025
Mike Parrish has been named the chief executive officer of Howden U.S., a new U.S. retail broking business of Howden, and he will start in September subject to his “fulfillment of relevant contractual obligations.” Meanwhile, Parrish—prev...
Posted: Aug 04, 2025
Mike Parrish has been named the chief executive officer of Howden U.S., a new U.S. retail broking business of Howden, and he will start in September subject to his “fulfillment of relevant contractual obligations.” Meanwhile, Parrish—prev...
Posted: Aug 04, 2025
Premiums written increased $545 million in the second quarter and $1.3 billion in the first six months of 2025.
Posted: Aug 04, 2025
Separately, Staysure is using NiCE’s CXone Mpower platform to streamline operations and enhance customer support across Europe.
Posted: Aug 04, 2025
The company announced its entry into the programs market in Canada and named David Tran as Head of Programs, Canada.
Posted: Aug 04, 2025
The minority investment was used in a subsequent $120 million tender offer to provide liquidity to existing shareholders.
Posted: Aug 04, 2025
Wholesure will license CyberCube’s Broking Manager and CyberConnect solutions.
Posted: Aug 04, 2025
The program is underwritten by Lloyd’s of London and expands RTA’s commercial auto insurance solutions to include coverage for owner-operators and fleets against losses from collisions, rollovers, theft, vandalism, and weather-related events.
Posted: Aug 04, 2025
Atrium is a specialty insurance group at Lloyd’s and a subsidiary of CRC Group.
Posted: Aug 04, 2025
The company announced the appointment of Mike Parrish as Chief Executive Officer, Howden U.S., and of Jim Hays as Vice Chairman, Howden Group Holdings.
Posted: Aug 04, 2025