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Trade Credit insurer Coface has received “in principle approval” from the Lloyd’s marketplace to establish Syndicate 2546, a new short term trade credit syndicate, which will be managed by Apollo Syndicate Management. Coface Lloy...
Posted: Jul 16, 2025
Abundant capacity and intensifying competition among reinsurers are driving softer pricing at the June and July renewals, reinforcing Fitch Ratings’ expectation that market pressures will continue to weigh on prices beyond their 2024 peak. Accordi...
Posted: Jul 16, 2025
Insurance broker Aon announced the promotions of Alfonso Valera as CEO of International for Reinsurance, responsible for UK, EMEA and APAC, and Steve Hofmann as CEO of Americas for Reinsurance, responsible for North America and Latin America. In addi...
Posted: Jul 16, 2025
Second quarter net income at Progressive Corp. increased 118% compared to the same period a year ago to about $3.2 billion. Progressive reports results monthly. Net income for June was up 40% to $1.1 billion. Year-to-date net income as of …
Posted: Jul 16, 2025
Venbrook Group has entered a strategic alliance with DB Insurance to bring a specialty coverage option for multi-unit residential properties in California. The product is tailored for condominium and townhome homeowners association policies. It is th...
Posted: Jul 16, 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and a subsidiary of PERILS, has released its fifth industry loss estimate for the flash flooding that impacted southern Ontario on 15th and 16th July 2024, estimating CAD 899 m...
Posted: Jul 16, 2025
Reask, a provider of tropical cyclone risk intelligence, has launched a new global alert service aimed at helping insurers and catastrophe modellers track storms before they make landfall. The service uses high-resolution windfield forecasting to...
Posted: Jul 16, 2025
The Hartford said it is promoting Prateek Chhabra to chief risk officer, succeeding Robert Paiano who will retire from the company at the end of the year. Chhabra, who since 2018 has held the role of senior vice president and …
Posted: Jul 16, 2025
A high percentage of U.S. catastrophe losses resulted in a 38% global insurance protection gap, lowest 1H gap on record: Aon. The post
Posted: Jul 16, 2025
Dale Underwriting Partners, the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has appointed Peter Cordell as Head of North America Casualty, effective January 2026. In his new role, Cordell will be based in London and wil...
Posted: Jul 16, 2025
Lockton Re, a reinsurance broker specialising in cyber risk, has released its update on the cyber reinsurance market for the first half of 2025. Their analysis reveals key trends and movements driven by shifts in pricing, capacity, and underwritin...
Posted: Jul 16, 2025
Global reinsurance and insurance broker Aon has appointed four senior members to its reinsurance team, including Alfonso Valera as Chief Executive Officer (CEO) of International, Steve Hofmann as CEO of Americas, George Attard as Global Head of St...
Posted: Jul 16, 2025
American International Group (AIG) said today that former Lloyd’s CEO John Neal is joining as president, effective December 1. Neal, who at the start of 2025 was named CEO of reinsurance at Aon, will lead AIG’s General Insurance—North Ame...
Posted: Jul 16, 2025
Following the Chancellor of the Exchequer’s announcement regarding the introduction of a UK regime for captive insurance companies, PwC leaders have expressed their support for the new framework. This initiative aims to bolster the UK’s posi...
Posted: Jul 16, 2025
The installation of cockpit cameras would greatly help aviation safety authorities investigating accidents like the recent fatal Air India crash, according to the head of the International Air Transport Association. “On a personal basis, I can...
Posted: Jul 16, 2025
The installation of cockpit cameras would greatly help aviation safety authorities investigating accidents like the recent fatal Air India crash, according to the head of the International Air Transport Association. “On a personal basis, I can...
Posted: Jul 16, 2025
Global insurer American International Group, Inc. (AIG) has announced the appointment of former Lloyd’s Chief Executive Officer (CEO), John Neal, as its new President, effective December 1st, 2025. In the role, Neal will report to Peter Zaff...
Posted: Jul 16, 2025
Global insured losses during the first half of this year were at least $100 billion with more than 90% of that total – or approximately $92 billion – driven by wildfires and severe convective storms in the U.S., according to …
Posted: Jul 16, 2025
Global insured losses during the first half of this year were at least $100 billion with more than 90% of that total – or approximately $92 billion – driven by wildfires and severe convective storms in the U.S., according to …
Posted: Jul 16, 2025
Argenta Syndicate Management Ltd, a Lloyd’s managing agency, has successfully rolled out Send’s Underwriting Workbench across every class of business. This makes Argenta the first Lloyd’s managing agent to adopt the Send platform across all...
Posted: Jul 16, 2025
Argenta Syndicate Management Ltd, a Lloyd’s managing agency, has successfully rolled out Send’s Underwriting Workbench across every class of business. This makes Argenta the first Lloyd’s managing agent to adopt the Send platform across all...
Posted: Jul 16, 2025
Residents in a Miami suburb used an ax, fire extinguisher and garden hose to rescue four people from a small plane that crashed into a tree in yet another mishap near a busy South Florida airport. “It was nothing short …
Posted: Jul 16, 2025
Residents in a Miami suburb used an ax, fire extinguisher and garden hose to rescue four people from a small plane that crashed into a tree in yet another mishap near a busy South Florida airport. “It was nothing short …
Posted: Jul 16, 2025
The UK P&I Club, a provider of protection and indemnity (P&I) insurance and other services for the international shipping community, has promoted Ansuman Ghosh to the newly created role of Director of Engineering, and Akshat Arora as Regio...
Posted: Jul 16, 2025
Allianz Commercial, part of global insurer Allianz, has made four new senior appointments to establish a new structure to drive growth in the Benelux and Nordics regions. The firm is establishing its Nordics region effective August 1st, 2025, led...
Posted: Jul 16, 2025
Zurich Insurance Company Ltd (Canadian Branch) has announced a series of organisational enhancements with new units and leadership appointments to further support customers and broker partners. As the company enters its next phase of growth, these...
Posted: Jul 16, 2025
Everyone seems to be parametric insurance-curious these days. The modern parametric insurance policy structure, which pays out if a particular event occurs, has only been around for a few decades, but it has found wide acceptance from carriers,...
Posted: Jul 16, 2025
AXA XL, the property and casualty and specialty risk unit of global insurer AXA, has announced the promotion of Shaun Wilkinson to Head of International Casualty, Retail, UK & Lloyd’s. In his new role, Wilkinson will lead AXA XL’s UK & Llo...
Posted: Jul 16, 2025
Texas Department of Insurance Issues Guidance for Insurers Following Deadly Floods The Te...
Posted: Jul 16, 2025
California Insurance Commissioner OKs Higher Workers Comp Pure Premiums California Insurance Commissioner...
Posted: Jul 16, 2025
State Farm Implements 27% Rate Increase for Illinois Homeowners State Farm is implementing a significa...
Posted: Jul 16, 2025
NY’s Hurricane Insured Loss Potential Up More Than 60% as Clima...
Posted: Jul 16, 2025
Marsh, an insurance broker and risk advisor within Marsh McLennan, welcomes the UK government’s announcement to facilitate the creation of a UK regime for captive insurance companies, a move aimed at strengthening the UK’s competitiveness in the g...
Posted: Jul 16, 2025
Global insured losses reached $84 billion in the first half of 2025 — 55% higher than the decadal average and the highest H1 total since 2011 ($136 billion) — driven largely by US activity, according to a recent report by reinsurance broker Gallag...
Posted: Jul 16, 2025
The catastrophic floods in central Texas on July 4th occurred in an area where fewer than 3% of homeowners have flood insurance through the National Flood Insurance Program, serving as another example of why Texas has one of the highest …
Posted: Jul 16, 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Christian Stobbs as Chief Strategy and Corporate Development Officer. In this newly created position, Stobbs will lead efforts to identify and pursue s...
Posted: Jul 16, 2025
The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) announced this month it is introducing a new margin coverage option as a crop insurance endorsement for corn, cotton, grain sorghum, rice, soybeans and spring wheat in sel...
Posted: Jul 16, 2025
Cyber risk solutions company Resilience has partnered with CrowdStrike and expanded its collaboration with Amazon Web Services (AWS) to help enterprises to proactively mitigate cyber risk and minimise material losses from cyber incidents. Customer...
Posted: Jul 16, 2025
The University of Michigan is under federal scrutiny after two Chinese scientists linked to the school were separately charged with smuggling biological materials into the United States. The Education Department on Tuesday opened an investigation int...
Posted: Jul 16, 2025
The University of Michigan is under federal scrutiny after two Chinese scientists linked to the school were separately charged with smuggling biological materials into the United States. The Education Department on Tuesday opened an investigation int...
Posted: Jul 16, 2025
The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald …...
Posted: Jul 16, 2025
Leaders at one of the largest national insurance defense firms believe they have identified the causes of nuclear verdicts—and developed a comprehensive litigation strategy that negates them. A new book about that strategy and the data behind it will...
Posted: Jul 16, 2025
The European Central Bank’s next stress test will ask lenders to come up with hypothetical situations in which risks like trade disruptions or wars could hit their financial strength. The exam next year will “assess which firm-specific ge...
Posted: Jul 16, 2025
Helvetia Holding AG and Baloise Holding AG hired strategy consultant McKinsey for advice on Europe’s biggest insurance deal this year, according to people familiar with the matter. McKinsey is set to earn tens of millions of Swiss francs from t...
Posted: Jul 16, 2025
Strategic partnerships between re/insurers and alternative investment managers, the use of offshore platforms, and a fourth consecutive record year of annuity sales led to continued reinsurance growth in the U.S. in 2024. Fitch Ratings expects the pr...
Posted: Jul 16, 2025
NAPLES, Fla. (AP) — When an emergency happens in Collier County, Florida, the 911 calls go to one of the most high-tech communications centers in the U.S., where callers can send text and video from the scene to dispatchers. Moving …
Posted: Jul 16, 2025
A Massachusetts assisted-living center where nine residents died in a fire was cited for failing to immediately report more than two dozen health and safety incidents, according to regulators’ most recent review of the facility. Five men and fo...
Posted: Jul 16, 2025
A former Alabama police officer charged with murder for shooting an armed Black man in the man’s front yard during a dispute with a tow-truck driver shouldn’t be granted immunity before going to trial, the state’s attorney general s...
Posted: Jul 16, 2025
A former Alabama police officer charged with murder for shooting an armed Black man in the man’s front yard during a dispute with a tow-truck driver shouldn’t be granted immunity before going to trial, the state’s attorney general s...
Posted: Jul 16, 2025
Construction mogul Jay Cashman says Boston Mayor Michelle Wu’s bike lane overhaul is such a disaster that he’s willing to spend as much as $1 million to force the city to redo them. Wu, who is seeking reelection this year, …
Posted: Jul 16, 2025