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Willis, a WTW business, has launched ProXS, a new Professional Indemnity solution with a CCY40m capacity, designed to provide enhanced and cost-effective coverage for professional companies. The ProXS solution includes competing panels from Lloyds...
Posted: Apr 08, 2025
Westfield Specialty International, a provider of specialised insurance solutions, has expanded its reinsurance team with the appointment of Nate Field as Class Underwriter in casualty treaty reinsurance. Field will be based in London, and brings a...
Posted: Apr 08, 2025
Gallagher Re’s full year 2024 reinsurance market report, which analyses capital and profitability trends in the global reinsurance sector, highlights a 17% return on equity (ROE) for 2024, down from 19.5% in the previous year. Despite this d...
Posted: Apr 08, 2025
Insurance Business Magazine - US
Posted: Apr 08, 2025
Insurance Business Magazine - US
Posted: Apr 08, 2025
Japan Warns Potential Megaquake Could Kill Nearly 300,000 A lon...
Posted: Apr 08, 2025
Verisk Buy of Nasdaq Subsidiary Gains Access to Hundreds of Catastro...
Posted: Apr 08, 2025
Quick Ralf & Grant (QRG), a specialist insurance group and Lloyd’s broker, has announced the appointment of Dennis Gattinger as Head of Europe. In his new role, Gattinger will report to Robert Ralf, CEO of QRG, and will be based in Barcelona....
Posted: Apr 08, 2025
Chinese authorities warned drivers to stay vigilant and reduce the use of advanced driver-assistance technology during the Qing Ming Festival holiday, after three people died in an accident involving a Xiaomi Corp. electric car just over a week ago....
Posted: Apr 08, 2025
Independent insurance broker Lockton has announced a strategic partnership with Axio, a provider of cyber risk quantification solutions, to enhance cyber risk analytics. This collaboration provides organisations with the tools they need to better...
Posted: Apr 08, 2025
BMS Group, the London-based specialist insurance and reinsurance broker, announced the appointment of Jean-Jacques Henchoz to the role of chairman of the board, effective May 1, 2025. Henchoz was most recently the CEO and chairman of the Executive Bo...
Posted: Apr 08, 2025
SM Reinsurance Company (SM RE), a Dubai-based specialist reinsurer, has announced plans to expand its operations and target markets beyond Africa and Asia to support continued growth. Since its inception on June 1, 2023, SM RE has experienced rapi...
Posted: Apr 08, 2025
Resilience is expanding the availability of its cyber risk solutions to serve large enterprise accounts with revenue greater than $10 billion. The expanded underwriting authority provides broker partners with more options in addressing clients’...
Posted: Apr 08, 2025
The Prudential Regulatory Authority (PRA) has launched a consultation to help insurers accelerate investment in the United Kingdom. In its consultation paper the PRA proposes rules to reform the Matching Adjustment (MA) application process by intr...
Posted: Apr 08, 2025
S&P Global Ratings has revised its outlook on Fidelis to stable from positive, citing significant Q4 2024 aviation-related losses from the Russia-Ukraine conflict and $160-$190 million in losses from the January 2025 California wildfires. As a...
Posted: Apr 08, 2025
Cyber risk solutions firm Resilience has expanded its capacity to provide cyber risk solutions to large enterprise accounts with revenue of more than $10 billion through a partnership with Accredited Insurance Holdings, a global programme manager....
Posted: Apr 08, 2025
AM Best has revised its outlook for the London Market insurance segment from positive to stable, citing emerging signs of a softening pricing environment. “Although the pricing environment for most business lines remains adequate and support...
Posted: Apr 08, 2025
Identifying the needs and pain points of customers and then developing solutions to better service them and other company partners—those are the most important promises that artificial intelligence and new technologies hold for those overseeing an on...
Posted: Apr 08, 2025
Identifying the needs and pain points of customers and then developing solutions to better service them and other company partners—those are the most important promises that artificial intelligence and new technologies hold for those overseeing an on...
Posted: Apr 08, 2025
Japanese insurance group MS&AD Insurance Holdings, the parent of the Mitsui Sumitomo insurance entities, has agreed to sell all of its shares in Australian financial services company with annuities and fund management businesses, Challenger Li...
Posted: Apr 08, 2025
Brokering for the homeless takes a strong insurance mindset and a gracious soul. Enter James Dick of Gallagher. The post T...
Posted: Apr 08, 2025
Posted: Apr 08, 2025
Pool Re, a UK-based provider of terrorism reinsurance, has successfully completed the placement of its third catastrophe bond, Baltic PCC Limited (Series 2025-1), which provides the reinsurer with £100 million of collateralised retrocession protec...
Posted: Apr 08, 2025
BMS Group, an independent specialist insurance and reinsurance broker, has appointed Jean-Jacques Henchoz, who recently left his role as Chief Executive Officer (CEO) of large European reinsurer Hannover Re, as Chairman of the Board, effective May...
Posted: Apr 08, 2025
Despite major claims activity in 2024, including two US hurricanes, Lloyd’s continued to deliver highly favourable returns to investors, with profits just shy of the previous year’s record, driven by favourable trading conditions and a retur...
Posted: Apr 08, 2025
The Texas Division of Workers’ Compensation announced the recipient of the 2024 Lone Star Safety Award is Double R Brand Foods LLC for its meat processing plant located in Lufkin, Texas. The recognition highlights the company’s commitment...
Posted: Apr 08, 2025
As consumers, we all hate to wait longer than necessary for basic service. Independent agents are both consumers and service providers themselves — and they’re caught in the middle of a time trap called “MFA,” or multi-factor authen...
Posted: Apr 08, 2025
Pro Global, an advisor in the specialist insurance sector, has announced the appointments of Roman Hannig as Head of Client Engagement, Germany, and Oliver Schippa as Head of Product, Germany. These key hires reflect Pro Global’s continued commitm...
Posted: Apr 08, 2025
This post is part of a series sponsored by AgentSync. When your team has come to the conclusion that your current vendor, process, or (let’s be honest) spreadsheet isn’t working, you need to get buy-in across your larger organization. Eas...
Posted: Apr 08, 2025
Early CSU Hurricane Season Forecast Calls for ‘Above-Average’ Activity The team...
Posted: Apr 08, 2025
Total dedicated reinsurance capital increased by 5.4% during 2024 to a new high of $769 billion, driven by growth in both traditional and alternative capital, according to reinsurance broker Gallagher Re. The broker’s full-year 2024 reinsura...
Posted: Apr 08, 2025
Strategic Risk Solutions (SRS), an independent insurance company manager, has announced the appointment of Ralph Goldener as a Managing Director in its Switzerland office. “SRS Switzerland is a team of people that provide only top-tier management...
Posted: Apr 08, 2025
U.S. Health and Human Services Secretary Robert K. Kennedy Jr. visited the epicenter of Texas’ still-growing measles outbreak on Sunday, the same day a funeral was held for a second young child who was not vaccinated and died from a …
Posted: Apr 08, 2025
U.S. Health and Human Services Secretary Robert K. Kennedy Jr. visited the epicenter of Texas’ still-growing measles outbreak on Sunday, the same day a funeral was held for a second young child who was not vaccinated and died from a …
Posted: Apr 08, 2025
Unison Risk Advisors Adds Fifth Third Bank Executive and Financial Planner to Leadership Team Unison Risk Advisors (URA), headquartered in Cleveland, Ohio, hired Joe DiRocco, formerly an executive with Fifth Third Bank, as its new chief financial off...
Posted: Apr 08, 2025
Global insurance broker H.W. International B.V. (HWI BV) has undergone a management buyout (MBO), securing backing from OBL Investments BV. The deal involves the acquisition of the group’s Dutch holding company following the sale of its Nort...
Posted: Apr 08, 2025
A Texas experiment to fund new natural gas-burning power plants with $5 billion in public loans is faltering as several of the proposed facilities drop out, threatening the state’s efforts to meet growing electricity demand. Together, the proje...
Posted: Apr 08, 2025
U.S. planemaker Boeing Co reached settlements with the families of two people who died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX on the eve of a trial, the company and lawyers for the families said …
Posted: Apr 08, 2025
Berkshire Hathaway Inc. said Friday that all reports circulating on social media sites including X, TikTok and Facebook “regarding comments allegedly made” by Warren Buffett are false. While Berkshire didn’t describe the nature of t...
Posted: Apr 08, 2025
President Donald Trump’s sweeping tariff plan has rocked global markets. But one turgid addendum issued by US Customs and Border Protection just after his April 2 tariff pronouncement provided relief for those in the collectible car business: V...
Posted: Apr 08, 2025
Apple is appealing against a British government order to create a “back door” to its encrypted cloud storage systems, the Investigatory Powers Tribunal (IPT) confirmed on Monday. The IPT said in a written ruling that it had refused the Br...
Posted: Apr 08, 2025
On March 21, authorities in Vicksburg, Mississippi, received a 911 call about a stolen vehicle. Moments later, they had another call, about a partly submerged vehicle in the Mississippi River near a landing. The submerged vehicle prompted a multi-age...
Posted: Apr 08, 2025
Florida’s insurance commissioner on Monday announced another entry into the warming waters of the Florida property-casualty market – the 12th new insurer in the last two years. Apex Star Reciprocal Exchange is part of Starlight Insurance Group,...
Posted: Apr 08, 2025
Hub International, a global insurance brokerage and financial services firm, has acquired Meyer & Rosenbaum in Meridian, Mississippi, an insurance agency that was founded in 1932. The agency offers commercial and personal lines products, and the...
Posted: Apr 08, 2025