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Defining a wholesale strategy for 2025 is just one of the tasks and opportunities ahead. The post QBE North America’s Julie Wood Talks to Ri...
Posted: Mar 27, 2025
NASHVILLE, Tenn. (AP) — Music City Baseball is teaming with a property company in hopes of buying land that could one day serve as the home of a Major League Baseball team. The deal between Music City Baseball and Lincoln …
Posted: Mar 27, 2025
Kevin J. O’Donnell, President and CEO of RenaissanceRe, explained that the company’s underwriting approach combines property lines with casualty and specialty to create an optimally efficient portfolio, enhancing its capacity to solve customers...
Posted: Mar 27, 2025
States’ AI-Related Legislation Aimed at Insurance Is ‘Unfo...
Posted: Mar 27, 2025
Climate Change Triggers More Extreme Weather – From Deluges to Drought Aroun...
Posted: Mar 27, 2025
A federal judge has dismissed a proposed class action filed on behalf of Pennsylvania homeowners who believe that State Farm undervalued their property damage claims in its use of the Xactimate software that is popular with insurers. The lead plainti...
Posted: Mar 27, 2025
Sompo, a global provider of commercial and consumer P&C re/insurance, has expanded its operations in Continental Europe with authorisation by regulatory authorities to write primary insurance locally in Belgium and the Netherlands. Sompo’...
Posted: Mar 27, 2025
A federal judge on Wednesday sentenced a Miami insurance broker to 41 months in prison and more than $5 million in restitution for defrauding a Georgia credit union by obtaining loans for condominium associations’ premium financing, then using...
Posted: Mar 27, 2025
Global insurance intermediary The Ardonagh Group has reported a 24% increase in income for the full year 2024 (FY’24) to $1.99 billion as adjusted EBITDA grew by 31% to $683 million. The pro forma income for FY’24 was reported at $2.5 billion, and...
Posted: Mar 27, 2025
Insly has promoted Hammad Mirza to Chief Marketing Officer. In his new role, Mirza will expand the marketing team, inject greater speed into the go-to-market strategy, and build greater efficiency and alignment between marketing, sales, and product.
Posted: Mar 27, 2025
Insurance Business Magazine - US
Posted: Mar 27, 2025
Insurance Business Magazine - US
Posted: Mar 27, 2025
Hannover Re has renewed a cyber catastrophe bond that provides $20 million worth of retrocessional protection against the accumulation of losses caused by a sustained cloud-outage event during 2025-2026. Cumulus Re II is 45% larger than the first ite...
Posted: Mar 27, 2025
The US Federal Aviation Administration said it must improve the way it identifies potentially risky air-traffic situations, following a deadly midair collision between a US Army helicopter and American Airlines Group Inc. regional jet in January. ...
Posted: Mar 27, 2025
Fortitude Group Holdings, a wholly owned subsidiary of Fortitude Re, has announced the pricing of a private offering of $750 million aggregate principal amount of 6.25% senior unsecured notes due 2030. The company intends to use the net proceeds f...
Posted: Mar 27, 2025
Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block it from using lyrics owned by Universal Music Group and other music publishers to train its AI-powered chatbot Claude. U.S....
Posted: Mar 27, 2025
Mangrove Property Insurance Company, a newly formed Florida insurer, has announced the appointment of Tim Cotton as Chief Operating Officer. Cotton, a seasoned leader in the property insurance industry, has 30 years of experience, including 28 yea...
Posted: Mar 27, 2025
ING has become the first systemically important global bank to have its climate goals validated as being in line with efforts to limit global warming to 1.5 degrees Celsius, the body responsible for awarding the standard said on Wednesday. The …...
Posted: Mar 27, 2025
MAPFRE Economics, the research arm of MAPFRE, a Spain-based insurance company, has raised its global growth forecast in its latest Economic and Industry Outlook 2025 report, projecting a 3.1% increase in global GDP for 2025, a slight upward revisi...
Posted: Mar 27, 2025
SiriusPoint has entered a strategic partnership with Balance Partners, a North American managing general underwriter, to provide capacity for Balance Partners’ new Excess Construction Liability program, Vertical, which underwrites lead and followi...
Posted: Mar 27, 2025
Veteran insurance and reinsurance executive Simone Camilla Oliveira has launched Uplift Strategy Consulting, a London-based boutique advisory firm that aims to drive transformations for re/insurers. Uplift Strategy Consulting helps its clients tra...
Posted: Mar 27, 2025
Western officials have accused Russia and its proxies of staging dozens of attacks and other incidents across Europe since the invasion of Ukraine three years ago, according to data collected by The Associated Press. They allege the disruption campai...
Posted: Mar 27, 2025
Bermuda-based global specialty insurer Ascot Group has announced the appointment of Edel Chatterton as Chief Financial Officer, Ascot U.K. and Ascot Underwriting Limited (AUL). In this role, Chatterton will oversee Ascot U.K.’s finance organ...
Posted: Mar 27, 2025
AM Specialty Insurance Company (ASIC), a provider of specialised insurance products, has appointed Stefanie Milch as its new Head of Claims. The firm stated that this appointment underscores its commitment to providing innovative risk solutions su...
Posted: Mar 27, 2025
Goldman Sachs Asset Management, an investment firm managing assets across diverse sectors, has released its 14th Annual Global Insurance Survey, offering insight into how insurers are adjusting their investment strategies in response to evolving e...
Posted: Mar 27, 2025
Insurance Business Magazine - US
Posted: Mar 27, 2025
Howden has announced the launch of Howden Re Taiwan, appointing Jimmy Tsai to lead the office as Managing Director. Tsai, who will join Howden in June this year, has over 15 years of experience in the Taiwanese and Asian reinsurance market. He beg...
Posted: Mar 27, 2025
Willis, a WTW business, has launched AdWrap, a master-controlled insurance program designed to streamline production insurance for businesses and their contracted vendors. AdWrap offers a cost-effective and transparent solution for companies produ...
Posted: Mar 27, 2025
Posted: Mar 27, 2025
Bermuda-domiciled specialty managing general agent (MGA), Banyan Risk, has entered into a long-term strategic alliance with global reinsurer PartnerRe to expand its Directors and Officers (D&O) insurance capacity up to $10 million. As per the...
Posted: Mar 27, 2025
Westfield Expands Flood Protection Options for Homeowners Property/casualty insurer Westfield is expanding its protection options for U.S. homeowners by offering an inland flood coverage add-on designed to help reduce the insurance gap for those livi...
Posted: Mar 27, 2025
Standard Ethics has upgraded Munich Re’s Corporate Standard Ethics Rating (SER) to “EE+” 1 from the previous “EE”. Munich Re has been rated by Standard Ethics since 2016 and is part of both the SE German Index and the SE European 100 Index. Standa...
Posted: Mar 27, 2025
Insurance and analytics provider Verisk has announced that its Board of Directors has nominated Christopher J. Perry and Sabra R. Purtill to stand for election as Directors at the company’s Annual Meeting on May 20th, 2025. Perry brings over 25 ye...
Posted: Mar 27, 2025
A cyber security threat affecting computer systems at the Kuala Lumpur International Airport was detected on Sunday, the National Cyber Security Agency and Malaysia Airports said in a joint statement. The operations at KLIA were not impacted and auth...
Posted: Mar 27, 2025
Another above-average hurricane season will threaten the Atlantic this year, with as many as six storms affecting the US, AccuWeather Inc. said. Between 13 and 18 storms will at least reach tropical storm strength, and seven to 10 of those …
Posted: Mar 27, 2025
Around the globe, rising temperatures stoked by climate change are increasing the odds of both severe drought and heavier precipitation that wreak havoc on people and the environment. Rainfall can disappear for years only to return with a vengeance,...
Posted: Mar 27, 2025
Last week, the National Association of Insurance Commissioners announced its agenda for 2025, including the call to eliminate the U.S. Treasury’s Federal Insurance Office. This comes on the heels of legislation, the Federal Insurance Office Eli...
Posted: Mar 27, 2025
Trucordia, headquartered in Lindon, Utah, named Aaron Davidson senior vice president, broking and strategy. Davidson joins Trucordia from Peak 8 Advisors, where he was a managing partner. Earlier in his career, Davidson served as chief executive offi...
Posted: Mar 27, 2025
Washington, Nevada and Oregon had the biggest percentage drops in vehicle thefts in the U.S. in 2024, according to a new report that shows vehicle thefts nationally fell by 17% in 2024 from a year earlier, marking the largest annual …
Posted: Mar 27, 2025
New York-based Ategrity Specialty Insurance Co., a national specialty property/casualty insurer focused on the excess and surplus (E&S) lines market, has filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO)...
Posted: Mar 27, 2025
The car tires, propane tanks, gas generators and rusty appliances heaped on the side of a dirt road waiting to be hauled away filled Desiree Graham with relief. “That means all that stuff is not in people’s yards,” she said …
Posted: Mar 27, 2025