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The angry mutterings at the Permian Basin Petroleum Association’s “Spring Swing” golf tournament this week weren’t all about missed putts or lost balls. The Texas oilmen on the fairways had a more serious concern: The presiden...
Posted: Apr 09, 2025
Zoox is Amazon’s autonomous vehicle unit.
Posted: Apr 09, 2025
The startup claims to serve over 1 million users.
Posted: Apr 09, 2025
CyberShore Bermuda provides up to $30 million in follow-form excess Bermuda capacity.
Posted: Apr 09, 2025
Coverage is offered through The Hanover's independent agents in Michigan and Illinois.
Posted: Apr 09, 2025
Jason Burns, previously of Chubb and Blue Atlantic Reinsurance, joined property and casualty (P&C) insurer and reinsurer Sompo last month as Senior Vice President (SVP), Ceded Reinsurance. Burns brings more than two decades of re/insurance ind...
Posted: Apr 09, 2025
A bond market designed around natural catastrophes is proving remarkably resilient to a man-made market meltdown. While most markets have seen deep selloffs since Donald Trump’s “Liberation Day” tariff announcement, investors in cat...
Posted: Apr 09, 2025
Lincoln Financial and Bain Capital have announced a long-term strategic partnership, with Bain Capital acquiring a 9.9% ownership stake in Lincoln for $825 million. As part of the deal, the two companies will establish a 10-year investment managem...
Posted: Apr 09, 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, has launched CyberShore Bermuda, an exclusive excess cyber insurance facility designed to provide Marsh clients with stronger protection and a streamlined experience. CyberShore Be...
Posted: Apr 09, 2025
Staffing shortages create additional risk as companies increase dashcam adoption by 29% and expand hands-free policies to protect drivers, a Nationwide survey finds. The post
Posted: Apr 09, 2025
Hackers intercepted about 103 bank regulators’ emails for more than a year, gaining access to highly sensitive financial information, according to two people familiar with the matter and a draft letter to Congress seen by Bloomberg News. The at...
Posted: Apr 09, 2025
Global insurance broker Acrisure has announced the appointment of Mark Wassersug as Chief Technology Officer and Shawn Pelsinger as Chief Administrative Officer, effective later this month. Wassersug and Pelsinger will report to Greg Williams, Co-...
Posted: Apr 09, 2025
Helix Underwriting Partners Ltd., the Bermuda-based managing general agent (MGA), has launched a professional lines program with a maximum line limit of $10 million. Backed by Somers Re, the Bermuda-based program is writing a portfolio of professiona...
Posted: Apr 09, 2025
Reinsurance broker Gallagher Re has announced the appointment of Riaan Botes as Regional Director – South Africa. With 25 years of experience in reinsurance, Botes brings a wealth of expertise and leadership to his new role. The executive is...
Posted: Apr 09, 2025
PointeNorth Insurance Group, one of the largest and fastest-growing independent agencies in the Southeast, has acquired three agencies in Alabama, the latest move in the group’s expansion plans. The acquisitions include Holloway and Hunt Insura...
Posted: Apr 09, 2025
PointeNorth Insurance Group, one of the largest and fastest-growing independent agencies in the Southeast, has acquired three agencies in Alabama, the latest move in the group’s expansion plans. The acquisitions include Holloway and Hunt Insura...
Posted: Apr 09, 2025
JACKSON, Miss. (AP) — A judge has dismissed a lawsuit by former Mississippi Gov. Phil Bryant that claimed a local news outlet defamed him in public comments about its Pulitzer Prize-winning reporting on the misspending of $77 million in federal ̷...
Posted: Apr 09, 2025
Fitch Ratings, a provider of credit ratings and financial analysis, has outlined the significant indirect risks facing EMEA insurers due to the ongoing US tariffs and resulting geopolitical tensions. While insurers in the region are not directly a...
Posted: Apr 09, 2025
DORAL, Fla. (AP) — Wilmer Escaray left Venezuela in 2007 and enrolled at Miami Dade College, opening his first restaurant six years later. Today he has a dozen businesses that hire Venezuelan migrants like he once was, workers who are …
Posted: Apr 09, 2025
Lawyers for State Farm General, the California Department of Insurance and Consumer Watchdog presented opening arguments in a hearing to determine the fate of State Farm’s request for an emergency homeowners rate increase yesterday. The public...
Posted: Apr 09, 2025
165 deals were transacted from 1 July to 31 December 2024 in the DB pension scheme risk transfer market, with a total value of £32.6 billion, marking a record-breaking second half of the year, according to a recent Hymans Robertson report. This be...
Posted: Apr 09, 2025
With the Los Angeles fires in January and last week’s severe storms that brought flooding and tornadoes to the Midwest, extreme weather is already battering US homes in 2025. Homeowners should expect their insurance rates to jump accordingly, s...
Posted: Apr 09, 2025
About 50% more pedestrians were killed during the first six months of 2024 compared to a decade ago, although the number is down 2.6% from the prior year. According to a report breaking down deaths by state published by the …
Posted: Apr 09, 2025
About 50% more pedestrians were killed during the first six months of 2024 compared to a decade ago, although the number is down 2.6% from the prior year. According to a report breaking down deaths by state published by the …
Posted: Apr 09, 2025
The Lloyd’s Market Association (LMA) has announced the addition of two new representatives to its board: Bethany Greenwood, CEO of Beazley Furlonge Limited and Beazley’s Group Head of Specialty Risks, and Emma Woolley, CEO of Talbot Underwriting L...
Posted: Apr 09, 2025
Moody’s Ratings, a credit rating agency that provides independent analysis and ratings on a wide range of financial instruments, has released a new report examining the effects of recent market fluctuations on the solvency of European insurers. Th...
Posted: Apr 09, 2025
Lockton Re, the reinsurance arm of independent insurance broker Lockton, has appointed James Dickerson in a global role as Head of Retrospective Reinsurance & Legacy Solutions, strengthening its Capital Advisory Practice. Dickerson will be bas...
Posted: Apr 09, 2025
Jazz Pharmaceuticals JAZZ.O said on Tuesday that it had agreed to a settlement of $145 million to resolve a series of antitrust lawsuits related to its narcolepsy drug, Xyrem. Xyrem, a medication approved in the U.S., is used for the …
Posted: Apr 09, 2025
Global insurance and reinsurance broker Aon has announced the appointment of Luke Proctor as Head of Reinsurance Analytics for UK and Bermuda. “Analytics is fundamental to how we understand risk here at Aon. Luke will be leading the strategic dire...
Posted: Apr 09, 2025
Paratus Holdings Limited, a specialist re/insurer focused on energy price risk, and Low Carbon, a renewable energy developer and Independent Power Producer (IPP), have announced a strategic agreement to manage power price exposure across Low Carbo...
Posted: Apr 09, 2025
Fine arts insureds face historic losses from the Palisades fire. The post A Monumental Loss: Fine A...
Posted: Apr 09, 2025
Lloyd’s global re/insurer MS Amlin has appointed John Gately as Head of Strategy, Financial Planning, and Performance. Gately has two decades of insurance sector experience, having begun his career at KPMG. He has since held various senior roles,...
Posted: Apr 09, 2025
The U.S. Department of Labor reached an agreement with Jamesport roofing contractor John Troyer after a federal investigation determined he violated federal laws, resulting in a teen worker’s fatal fall in March 2023. The department’s Occ...
Posted: Apr 09, 2025
The Cayman Islands international insurance sector contributes CI$233 million annually to the economy, according to a recent study by The Insurance Managers Association of Cayman (IMAC) and Cayman Finance. The report, conducted by FTS with input fr...
Posted: Apr 09, 2025
Texas’ renewable energy industry is booming. Accounting for nearly 90% of new electrical generation, wind, solar and battery storage industries have established themselves as a reliable source of energy for the state’s grid — and position...
Posted: Apr 09, 2025
Bermuda-domiciled global specialty re/insurer Ascot Group has appointed Marc Amen as Chief Executive Officer (CEO) North America, effective later this year, after he completes his current obligations. In the new role, Amen will be responsible for...
Posted: Apr 09, 2025
risktec Ltd, a Swiss technology and advisory firm specialising in the re/insurance and risk industries, marks its three-year anniversary with the launch of integre, a new solution designed to meet the evolving needs of the reinsurance market. Foun...
Posted: Apr 09, 2025
Ascot, a Bermuda-domiciled global specialty insurer, has appointed Christopher McKeon to lead the company’s new U.S. Middle Market Loss Sensitive Casualty segment. Reporting to David Zimmerman, Executive Vice President, Primary Casualty, McKeon wi...
Posted: Apr 09, 2025
Fiducia, a Leeds-domiciled specialty insurance managing general agent (MGA), has expanded its combined liabilities insurance risk appetite to include a range of contractor clients for UK brokers. The expanded coverage will include builders, ground...
Posted: Apr 09, 2025
South Bow Corp.’s Keystone oil pipeline has been shut after a spill in southeast North Dakota, curtailing a conduit that carries as much as 15% of Canada’s crude exports to the US. The pipeline was shut within two minutes after …
Posted: Apr 09, 2025
Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant Swiss Re, has appointed Pantea Vaziri as its new Global Head of Risk Engineering Services (RES). In the new role, Vaziri will continue to enhance Swiss Re Corporate So...
Posted: Apr 09, 2025