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A German court will weigh a request to release a seized oil tanker that is believed to be part of a so-called shadow fleet used by Russia to circumvent oil sanctions, Germany’s finance ministry said on Monday. The Panama-flagged vessel, …
Posted: Apr 15, 2025
FRANKFORT, Ky. (AP) — Signs of renewal are underway at the Buffalo Trace Distillery in Kentucky since floodwaters that inundated the whiskey-making campus receded. But executives say the painstaking task of inspecting any bourbon barrels touched by t...
Posted: Apr 15, 2025
British car insurance startup Marshmallow has almost doubled its valuation to more than $2 billion after a funding round that was backed by new investors BlackRock, Columbia Lake Partners and Portage. The firm, which offers insurance to under-served...
Posted: Apr 15, 2025
SCOR’s large corporate risk insurance arm, SCOR Business Solutions, is supporting a new maritime transport project by TransOceanic Wind Transport (TOWT) aimed at decarbonizing global shipping. Alongside AXA XL Insurance, SCOR Business Soluti...
Posted: Apr 15, 2025
AXA remains a strategic partner, with Deputy CEO George Stansfield staying on as Chairman of AVP’s Board.
Posted: Apr 15, 2025
The deal doesn’t include any premiums, reserves, or employees.
Posted: Apr 15, 2025
The company wrote $121 million in premiums in the state in 2024.
Posted: Apr 15, 2025
Howden Re, the reinsurance division of Howden, continues to expand its Capital & Operational Solutions Practice with several strategic appointments over the past year, most recently naming Paul Ogni as Director – Operational Solutions. In this...
Posted: Apr 15, 2025
The African Reinsurance Corporation (Africa Re) reported an improved net combined ratio of 90.89% for the 2024 financial year, down from 93.51% in 2023, alongside a net underwriting profit of $87.34 million, up 59.37% from $54.81 million the year...
Posted: Apr 15, 2025
Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7. Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North A...
Posted: Apr 15, 2025
Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7. Based in Bermuda and reporting directly to Michael Cross, President, Acrisure Re North A...
Posted: Apr 15, 2025
Despite a current 90-day reprieve, the recent stock and bond market volatility stemming from U.S. tariff changes could pressure insurers’ balance sheets going forward, causing unrealised losses in equity portfolios and diminished capital bases, ac...
Posted: Apr 15, 2025
Westfield Specialty International, a provider of specialty insurance and reinsurance solutions, has expanded its reinsurance division with the appointment of Chris Gray as Divisional Director. Based in London, Gray will report directly to Jeremy S...
Posted: Apr 15, 2025
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
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 ̷...
Posted: Apr 15, 2025
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
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
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
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
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
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
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...
Posted: Apr 15, 2025
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
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 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
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
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
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 …...
Posted: Apr 15, 2025
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
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
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
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 All sense of survivors' guilt...
Posted: Apr 14, 2025
AI Weather Models Promise Super Granular, Specialist Forecasts The...
Posted: Apr 14, 2025
White House Budget Proposal Eliminates NOAA Climate Research The administra...
Posted: Apr 14, 2025
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 New analysis indicates there were 1796 confir...
Posted: Apr 14, 2025
Triple-I Launches Legal S...
Posted: Apr 14, 2025
The company’s agentic-AI platform supports agents and insurers with automated risk tools.
Posted: Apr 14, 2025
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
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 PaulCarroll Mon, 04/14/2025 - 19:03 For going on 30 years now, e...
Posted: Apr 14, 2025
Beyond the usual mortality risk metrics From Our Partners sradomski Mon, 04/14/2025 - 17:36
Posted: Apr 14, 2025
Arkatechture platform supports credit unions by enabling data-driven business decisions.
Posted: Apr 14, 2025
Independent agencies, MGAs and carriers are headed to Accelerate 2025 for four days of learning, connection and innovation
Posted: Apr 14, 2025
He began his career at Safeco.
Posted: Apr 14, 2025
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
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
Insurance Business Magazine - US
Posted: Apr 14, 2025