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Paul Ng joins AXIS Re Canada as Reinsurance Treaty Underwriter

Reinsurance News

AXIS Re, the reinsurance arm of Bermuda-based AXIS Capital Holdings, has announced the appointment of Paul Ng as Reinsurance Treaty Underwriter. Based in Canada, Ng’s new role will include providing AXIS Re’s reinsurance partners and cedents with...

Posted: Apr 15, 2025

Flatten Your Onboarding with AgentSync Manage and Onboarding Portals

Insurance Journal

This post is part of a series sponsored by AgentSync. Are your producers tired of entering (and re-entering) their answers five different ways into slight variations of the Uniform Producer Application every time they apply for a new license or &#823...

Posted: Apr 15, 2025

Tech & underwriting drove Trium’s “remarkable” ’24 CoR

Reinsurance News

Trium, a cyber and property catastrophe underwriter at Lloyd’s of London, has announced its 2024 financial results, reporting a combined ratio of 71.8%. Its “remarkable” performance makes Trium the fifth-best performing syndicate overall within th...

Posted: Apr 15, 2025

Zeleny joins Miller as Global Head of Origination, Strategic Advisory, Reinsurance

Reinsurance News

Independent specialist re/insurance broker Miller has appointed Judith Zeleny as Global Head of Origination, Strategic Advisory in its reinsurance practice. Zeleny holds over 35 years of industry experience, having previously served as an underwri...

Posted: Apr 15, 2025

United Risk names Amezquita as CFO & Cahill as CEO for reinsurance division

Reinsurance News

Jamie Sahara, President of Applied Underwriters, has announced leadership appointments at United Risk, naming Alex Amezquita as Chief Financial Officer (CFO) and Jay Cahill as CEO of United Risk’s newly formed reinsurance division. These appointme...

Posted: Apr 15, 2025

Definity Financial expects cat losses of CAD 50m in Q1’25

Reinsurance News

Canadian property and casualty insurer Definity Financial Corporation has disclosed that catastrophe losses in the first quarter of 2025 would negatively impact operating income by approximately CAD 50 million, net of reinsurance recoveries. The i...

Posted: Apr 15, 2025

White House Proposes Elimination of NOAA Climate Research in Budget Proposal

Insurance Journal

The administration of President Donald Trump aims to eliminate the arm of the National Oceanic and Atmospheric Administration that oversees research on climate change, and refocus the U.S. fisheries service to support energy development, according to...

Posted: Apr 15, 2025

Clorox Australia Fined $5.2 Million Over False Claims of Using Recycled Plastic

Insurance Journal

Australia’s competition regulator said on Monday Clorox’s local unit had been fined A$8.25 million ($5.19 million) by the Federal Court over falsely claiming its GLAD kitchen and garbage bags were partially made from recycled ocean plasti...

Posted: Apr 15, 2025

People: Florida-Based Security First Elevates Two to Key Roles

Insurance Journal

Security First Insurance, one of the larger carriers in Florida, with 136,500 policies in force, has elevated two people to key positions. Scot Moore was named chief financial officer, the insurer said in an announcement Monday. Moore has 20 years&#8...

Posted: Apr 15, 2025

Southern California Edison Lays Out $925M Plan to Rebuild After LA Wildfires

Insurance Journal

Southern California Edison (SCE), a subsidiary of utility Edison International, said on Friday it had submitted an initial plan to rebuild the areas within its service territory that were devastated by the Los Angeles wildfires in January. The prelim...

Posted: Apr 15, 2025

DUAL Europe launches marine hub in Hamburg, strengthening European presence

Reinsurance News

Specialist underwriting agency DUAL Europe has further extended its reach in the maritime insurance market by launching a new Marine hub in Hamburg, Germany. Part of the global DUAL Group, one of the world’s largest international underwriting agen...

Posted: Apr 15, 2025

Five Charged in Multi-Million-Dollar Insurance Fraud Case

Insurance Journal

Five people have been charged in a large-scale insurance fraud scheme involving misrepresented life insurance policies that resulted in fraudulent commissions totaling over $1.4 million. The five, which include a former insurance agent, reportedly fr...

Posted: Apr 15, 2025

FAA Grounds Helicopter Company After Fatal New York Crash

Insurance Journal

The Federal Aviation Administration ordered New York Helicopter Charter Inc. to cease operations while it conducts a review of the tour operator’s license and safety record following a deadly crash last week. The regulator’s decision, ann...

Posted: Apr 15, 2025

Could Utility Gear Set Your Neighborhood on Fire? California Risk Maps Are 8 Years Old

Insurance Journal

Weeks after deadly fires swept through Los Angeles County, the state regulator in charge of overseeing utility companies declined a request that would have required California’s largest utilities to update maps showing high fire threat areas. C...

Posted: Apr 15, 2025

Idaho Bail Agent Convicted of Insurance Fraud for Mishandling Funds

Insurance Journal

An Idaho man pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds for personal use. Johnny Mateo Robles, Jr. of Twin Falls, pleaded guilty to one count of felony insurance fraud for diverting fiduciary funds that &#8230...

Posted: Apr 15, 2025

Ex-State Trooper to Plead Guilty to Falsifying Commercial Driver’s License Scores

Insurance Journal

A former Massachusetts State Police trooper has agreed to plead guilty to his role in an alleged conspiracy to falsify records by giving passing scores to certain commercial driver’s license (CDL) applicants even if they failed the CDL test or...

Posted: Apr 15, 2025

Allstate Agent Can be Sued Over Non-Renewal of ‘Grandfathered’ Flood Insurance Policy

Insurance Journal

A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of lower “grandfathered” flood insurance...

Posted: Apr 15, 2025

Allstate Agent Can Be Sued Over Nonrenewal of ‘Grandfathered’ Flood Insurance Policy

Insurance Journal

A Connecticut agent for Allstate Insurance may be sued by an insured who faults the agent for not renewing a flood insurance policy in a timely fashion, thereby depriving the insured of the benefit of “grandfathered” lower premiums on flo...

Posted: Apr 15, 2025

AM Best: Tariff Uncertainty Could Lead to Credit Rating Changes for Insurers

Insurance Journal

According to AM Best, the balance sheets of insurers can be pressured by the stock and bond market volatility caused by recent tariffs, resulting in financial exposure that could lead to some changes in credit ratings. The industry financial strength...

Posted: Apr 14, 2025

In Fight Over Insurance, Neighbors Crowdsource LA Fire Contamination Data

Carrier Management

In Fight Over Insurance, Neighbors Crowdsource LA Fire Contamination Data All sense of survivors' guilt...

Posted: Apr 14, 2025

AI Weather Models Promise Super Granular, Specialist Forecasts

Carrier Management

AI Weather Models Promise Super Granular, Specialist Forecasts The...

Posted: Apr 14, 2025

White House Budget Proposal Eliminates NOAA Climate Research

Carrier Management

White House Budget Proposal Eliminates NOAA Climate Research The administra...

Posted: Apr 14, 2025

Federal Bill Reintroduced to Combat Organized Retail Theft

Carrier Management

Federal Bill Reintroduced to Combat Organized Retail The...

Posted: Apr 14, 2025

2024 Second on Record for Most Tornadoes in the US in a Year

Carrier Management

2024 Second on Record for Most Tornadoes in the US in a Year New analysis indicates there were 1796 confir...

Posted: Apr 14, 2025

Linqura Launches AI Platform to Drive Commercial Insurance Growth

IIR

The company’s agentic-AI platform supports agents and insurers with automated risk tools.

Posted: Apr 14, 2025

SageSure and Auros Close $150 Million Catastrophe Bond

IIR

The upsized Gateway Re transaction marks Auros’ ILS market debut and positions SageSure among the top five global cat bond sponsors.

Posted: Apr 14, 2025

Duck Creek Technologies Appoints General Daniel Hokanson to Board

IIR

The retired four-star general brings strategic policy and leadership expertise to the P&C software provider.

Posted: Apr 14, 2025

Good Advice From Amazon's CEO

Insurance Thought Leadership

Good Advice From Amazon's CEO PaulCarroll Mon, 04/14/2025 - 19:03 For going on 30 years now, e...

Posted: Apr 14, 2025

Beyond the usual mortality risk metrics

Insurance Thought Leadership

Beyond the usual mortality risk metrics From Our Partners sradomski Mon, 04/14/2025 - 17:36

Posted: Apr 14, 2025

LoneTree and TruStage Ventures invest in Arkatechture

coverager

Arkatechture platform supports credit unions by enabling data-driven business decisions.

Posted: Apr 14, 2025

Vertafore and NetVU set to welcome thousands of insurance professionals to the industry’s premier te...

coverager

Independent agencies, MGAs and carriers are headed to Accelerate 2025 for four days of learning, connection and innovation

Posted: Apr 14, 2025

Mutual of Enumclaw names Bob Otis President and CEO

coverager

He began his career at Safeco.

Posted: Apr 14, 2025

Ransomware Hits DaVita, Kidney Care Provider Serving Hospitals

Insurance Journal

DaVita Inc. said it has been impacted by ransomware that had locked down parts of its network. The company, which specializes in providing kidney dialysis to patients at more than 700 hospitals in the US, said in a statement Monday …

Posted: Apr 14, 2025

Resilience Redefines Results

Risk & Insurance

Learn strategies to reduce claim duration, support employees, and integrate resilience into claims for lasting impact. The post Resilience Redefines Results appeared...

Posted: Apr 14, 2025

​RSA to rebrand as Intact Insurance

coverager

To accelerate progress against its strategic objectives, RSA will rebrand to Intact Insurance.

Posted: Apr 14, 2025

April is Distracted Driving Awareness Month: COUNTRY Financial® DriverIQ Auto Telematics Program is...

coverager

  Cambridge, MA, April 14, 2025 – COUNTRY Financial and Cambridge Mobile Telematics (CMT), the world’s largest telematics service provider, announce DriverIQ Auto Telematics Program is Improving Safe Driving Behaviors....

Posted: Apr 14, 2025

Berkley names Michael G. MacMullin president of Berkley Luxury Group

coverager

The appointment is effective immediately.

Posted: Apr 14, 2025

Klaimy raises €1.2 million

coverager

Klaimy will use the funding to scale its engineering and data science teams.

Posted: Apr 14, 2025

Ageas to acquire esure

coverager

Arkatechture platform supports credit unions by enabling data-driven business decisions.

Posted: Apr 14, 2025

EEOC Sues Illinois Shipping Company Under Pregnant Workers Fairness Act

Insurance Journal

The U.S. Equal Employment Opportunity Commission (EEOC) sued R&L Carriers Shared Services, LLC, a freight transportation and logistics company, to enforce a subpoena that the EEOC issued during their investigation of a sex and pregnancy discrimin...

Posted: Apr 14, 2025

Houston Resident Charged in $35M Fraud Scheme

Insurance Journal

A 62-year-old Houston resident has admitted to laundering proceeds from a large-scale bank fraud scheme, announced U.S. Attorney Nicholas J. Ganjei. William Mills admitted that from 2014 to 2023, he conspired with others in a bank fraud scheme involv...

Posted: Apr 14, 2025

Texas Man Suing Tennessee Titans Player Over Shooting at Car Lot

Insurance Journal

A Texas man who says Titans cornerback L’Jarius Sneed or his personal assistant shot at him while he was sitting inside a Mercedes-Benz on a dealer lot in December is suing the two-time Super Bowl champ for at least $1 …

Posted: Apr 14, 2025

Arundo Re expands Indian sub-continent presence with addition of Kshitij Chirimar

Reinsurance News

French reinsurer Arundo Re has hired Kshitij Chirimar as Senior Underwriter for the Indian sub-continent, expanding the company’s presence across the region. Chirimar brings more than 10 years of reinsurance industry experience to the role,...

Posted: Apr 14, 2025