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As risks cross over into more than one business area, professionals need to respond to a complex web of exposure By Lori Widmer If 2025 will be remembered for anything, it could be that it became the year that ushered in the need for organizations to...
Posted: Apr 01, 2025
A persistently hard market makes for hard choices By Joseph S. Harrington, CPCU “Plus ça change, plus c’est la même chose.” That’s a famous French phrase for “the more things change, the more they remain the same.” If you want to appear sophisticated...
Posted: Apr 01, 2025
Increasingly popular benefits product will come into play in wildfire aftermath By Len Strazewski Swirling Santa Ana winds driving several California wildfires have killed more than 20 residents and destroyed $30 billion in property, and by the end o...
Posted: Apr 01, 2025
Aon, a global risk management and professional services firm, has released its 2025 April Reinsurance Market Dynamics Report, detailing favourable conditions for buyers during the April 1 renewals, a period heavily focused on Asia and particularly...
Posted: Apr 01, 2025
Insurance Business Magazine - US
Posted: Apr 01, 2025
Insurance Business Magazine - US
Posted: Apr 01, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has appointed Louise Kidd as the new Head of Underwriting for Europe. With over 22 years of experience in the insurance...
Posted: Apr 01, 2025
South Korea’s worst wildfire in history could prompt insurers to strengthen their risk management and underwriting expertise, and to potentially seek more protection through reinsurance, as the event could make individuals seek more protecti...
Posted: Apr 01, 2025
Aon, a risk management and professional services firm, has provided its 2024 UK Risk Settlement Market Update, highlighting a year of significant milestones for the bulk annuity and longevity swap markets. According to the report, the UK bulk annu...
Posted: Apr 01, 2025
A U.S. bankruptcy judge on Monday rejected Johnson & Johnson’s $10 billion proposal to end tens of thousands of lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company’s...
Posted: Apr 01, 2025
Protection gaps across all sectors of the insurance industry are set to widen by 2030 as insurers grapple with unsustainable rate-driven growth, according to a new report from Bain & Company, a management consultancy. The study, “Bridgin...
Posted: Apr 01, 2025
The contractors of an under-construction tower that crashed in Bangkok during last week’s earthquake apparently used substandard steel bars made by a factory that had been shuttered by authorities. Samples of two different sizes of steel bars c...
Posted: Apr 01, 2025
Germany’s Allianz Global Investors has dropped two exclusions blocking its sustainable funds from investing in defense, becoming one of the first major European asset managers to change their policies to help finance the region’s rearmame...
Posted: Apr 01, 2025
Arch Insurance International has appointed James Barrett as Head of Cyber & Healthcare, effective immediately. Barrett has served as Interim Head of Cyber since October 2024, in addition to his role as Head of Healthcare, which he has held sin...
Posted: Apr 01, 2025
Zurich Insurance Group has agreed to acquire a minority stake in Icen Risk, a company that specializes in insuring mergers and acquisitions. The transaction will see Zurich take a “significant minority” in London-based Icen and will help...
Posted: Apr 01, 2025
A fight over UK motor finance and whether lenders should be on the hook for billions of pounds in compensation will play out at the Supreme Court in one of the most highly-anticipated hearings in years. At stake, the scope …
Posted: Apr 01, 2025
Growth in E&S lines isn’t slowing anytime soon. The post The E&S Boom: How Climate Change and Storm Losses Are Changi...
Posted: Apr 01, 2025
With the support of its Members, regulators, and HM Treasury, Pool Re, Great Britain’s government-backed terrorism reinsurer, has completed its transition to a modernised catastrophe treaty reinsurance scheme. Originally announced in March 2024, t...
Posted: Apr 01, 2025
Austral Re has reported a record net profit of BRL 75 million for 2024, an increase of 155% compared to 2023. The firm stated that this record was achieved despite the catastrophic scale of flood losses in Rio Grande do Sul, showcasing its resilie...
Posted: Apr 01, 2025
Global reinsurer capital increased by almost 7% over the course of 2024 to a new high of $715 billion, driven by strong retained earnings and an expanding catastrophe bond market, according to insurance and reinsurance broking group, Aon. Aon̵...
Posted: Apr 01, 2025
Global multi-line insurer Zurich Insurance Group has strategically invested in Icen Risk (Icen), a specialist M&A insurer which offers bespoke coverage for Warranty & Indemnity, Tax, IP, and Environmental risks in European mid-market M&...
Posted: Apr 01, 2025
Chubb Bermuda, part of the global insurance carrier, has promoted David Jenkins to the role of Senior Vice President (SVP), Head of Bermuda Property, effective immediately. In his new role, Jenkins will oversee all Bermuda-domiciled property under...
Posted: Apr 01, 2025
Posted: Apr 01, 2025
Headline reinsurance rate changes in Japan at the April 1st renewals show “accelerate softening” when compared to the major international renewals at January 1st, with more capacity and optionality for buyers a clear trend, as traditio...
Posted: Apr 01, 2025
Willis, a WTW business, has revealed that health and safety risks remain a leading priority for directors and officers across the globe. According to the latest Directors and Officers Liability Insurance Survey, 80% of respondents consider these r...
Posted: Apr 01, 2025
A U.S. judge has blocked the Trump administration and Elon Musk’s Department of Government Efficiency from pursuing efforts to dismantle the Consumer Financial Protection Bureau, the latest rebuke from the courts in the White House’s effo...
Posted: Apr 01, 2025
Kennedys IQ, the client-facing technology division of Kennedys Law LLP, has launched Kennedys IQ SmartRisk, a pioneering neuro-symbolic AI solution designed to transform risk analysis within the insurance industry. This innovative tool, described...
Posted: Apr 01, 2025
Japan risk-adjusted catastrophe excess-of-loss (XoL) rates on-line saw reductions of 10-15% at the April 1st, 2025, reinsurance renewals, as pricing “eased from a high base” as sellers looked to protect or grow positions while buyers l...
Posted: Apr 01, 2025
BOXX Insurance, a cyber insurance and protection company, has announced a new organisational structure, including the appointment of a new Canadian President, Jonathan Weekes. Neal Jardine will be joining Weekes team as Global Cyber Intelligence a...
Posted: Apr 01, 2025
A relative newcomer to the personal lines space—Lemonade—marked a milestone this week, announcing that it surpassed $1 billion of in force premiums, a measure of annualized premiums that the insurtech tracks on a regular basis. But the number of rent...
Posted: Apr 01, 2025
Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive. The new taxes, which are set to begin April 3 and expand in the …
Posted: Apr 01, 2025
Even if you’re not in the market for a new car, U.S. President Donald Trump’s 25% tariffs on auto imports could make owning one more expensive. The new taxes, which are set to begin April 3 and expand in the …
Posted: Apr 01, 2025
Rumors of the demise of asphalt shingles in Florida are greatly exaggerated. Asphalt shingles provide a great, cost-effective option for consumers. But in recent weeks, groups with varying interests and motivations — including those who sell roofing...
Posted: Apr 01, 2025
The fate of a bill that would modify South Carolina’s joint-and-several liability law now rests with the state House of Representatives after the state Senate last week approved the measure following weeks of heated debate. “We’re f...
Posted: Apr 01, 2025
Japanese life insurer Nippon Life Group backed venture capital fund, AllegisNL Capital, which invests in insurtechs, has provided funding to Lazarus AI. The funds aim to further Lazarus AI’s technology to expand its reach into the Japanese i...
Posted: Apr 01, 2025
A California bill requiring insurers to provide a notice to homeowners before conducting an inspection with aerial imaging is set for a committee hearing on Wednesday. Assembly Bill 75 requires insurers to provide a notice to homeowners at least 30 &...
Posted: Apr 01, 2025
The Massachusetts seven-year statute of repose for medical malpractice claims does not shield professionals against separate acts of negligent treatment that allegedly occurred in the years after a disputed medical event more than seven years ago. Th...
Posted: Apr 01, 2025
Nevada gaming regulators have issued a $10.5 million fine against the Resorts World casino on the Las Vegas Strip over allegations of illegal gambling, many of which centered on a bookmaker with ties to the interpreter for baseball star Shohei …...
Posted: Apr 01, 2025
Nevada gaming regulators have issued a $10.5 million fine against the Resorts World casino on the Las Vegas Strip over allegations of illegal gambling, many of which centered on a bookmaker with ties to the interpreter for baseball star Shohei …...
Posted: Apr 01, 2025