All Posts
Willis, a WTW business, has launched ‘Undercover,’ a new $200 million facility, combining coverage for a range of geopolitical exposures faced by cargo owners worldwide. Developed by Willis in a joint proposition with specialist insurer,...
Posted: Jul 08, 2025
International re/insurance broker United Insurance Brokers Limited (UIB) has announced the appointment of Markus Sayuti as Executive Director, Treaty & Retro Division, UIB Asia, effective 1 July 2025. Sayuti will play a pivotal role, collabora...
Posted: Jul 08, 2025
India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The high court in Kerala issued an...
Posted: Jul 08, 2025
In a recent interview with Reinsurance News, Jag Jass, Partner – Retrospective at reinsurance broker Augment Risk, explained that while there will always be a place for larger transactions targeting toxic liabilities and discontinued lines o...
Posted: Jul 08, 2025
Armed thieves robbed a truck carrying 33 tons of gold and silver concentrate belonging to Grupo Minero Bacis, costing the company millions of dollars in losses. Assailants blocked the semi-truck with two white-colored vehicles, assaulted the driver a...
Posted: Jul 08, 2025
Global insurer American International Group (AIG) has appointed Pierrick Livet as Head of Multinational, Bermuda. Livet brings over 15 years of insurance industry experience, specialising in complex international programmes and captive structures....
Posted: Jul 08, 2025
Global insurer American International Group (AIG) has appointed Pierrick Livet as Head of Multinational, Bermuda. Livet brings over 15 years of insurance industry experience, specialising in complex international programmes and captive structures....
Posted: Jul 08, 2025
Although the English courts have now delivered a verdict in favour of the claimants in the Russia Aircraft Lessor Policy mega-trial, Gallagher Re has observed that “significant uncertainty” persists, especially regarding how reinsurers...
Posted: Jul 08, 2025
Although the English courts have now delivered a verdict in favour of the claimants in the Russia Aircraft Lessor Policy mega-trial, Gallagher has observed that “significant uncertainty” persists, especially regarding how reinsurers mi...
Posted: Jul 08, 2025
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Pierre-Edouard Fraigneau as the President, Europe, effective September 1st, 2025. In his new role, Fraigneau succeeds incumbent President Kadidja Sinz and will...
Posted: Jul 08, 2025
Willis, a WTW business, and specialist insurer Markel have launched ‘Undercover’, a new $200 million facility that aims to provide coverage for a range of geopolitical exposures faced by cargo owners globally. Developed by Willis, this joint propo...
Posted: Jul 08, 2025
Charles Taylor InsureTech, a technology partner to the insurance industry, has introduced autonomous AI agents — known as agentic AI — as part of its initiative to modernise customer service and streamline core insurance operations through artific...
Posted: Jul 08, 2025
Supported by the Ocean Risk and Resilience Action Alliance (ORRAA) through the UK’s Blue Planet Fund, the United Nations Development Programme’s (UNDP) Insurance & Risk Finance Facility (IRFF) is partnering with Swiss Re and the Indonesian gov...
Posted: Jul 08, 2025
Argo Group, an underwriter of specialty insurance products in the property and casualty market, has announced the appointment of Arturo Pelaez as Chief Operating Officer. Pelaez brings over two decades of industry experience, with expertise in ins...
Posted: Jul 08, 2025
Reinsurers have gained confidence and returned to the Florida market as a result of recent legislative reforms that have transformed the state’s risk landscape, according to brokers Aon and Gallagher Re in their mid-year renewal reports. “...
Posted: Jul 08, 2025
Generali’s Global Corporate & Commercial (GC&C) business unit and Seguros Bolívar have partnered to launch a reinsurance agreement to strengthen Colombia’s large corporate segment insurance offering. The partnership aims to provide large C...
Posted: Jul 08, 2025
Apple took a challenge against EU regulators to Europe’s second highest court on Monday after they fined it 500 million euros ($587 million) earlier this year for breaching landmark rules aimed at curbing the power of Big Tech. The European ...
Posted: Jul 08, 2025
Accredited Insurance Program Management has announced the appointment of Laure Kearns as UK Chief Underwriting Officer “Laure has a fantastic track record and brings the perfect blend of technical expertise and strategic vision to our Underwriting...
Posted: Jul 08, 2025
Howden, the global insurance and reinsurance broking group, has appointed Hamish Ravindran its Chief Client Officer for Asia. Ravindran will be based out of Singapore and has 23 years of experience with commercial property insurer, FM Global. Most...
Posted: Jul 08, 2025
Insurance Europe has backed the EU’s ambition to strengthen digital infrastructure and AI adoption but stresses that the success of the Cloud and AI Development Act depends on taking an open, investment-led approach and avoiding restrictions on ac...
Posted: Jul 08, 2025
CRC Group to Acquire Lloyd’s Managing Agency Atrium Underwriting Gro...
Posted: Jul 08, 2025
White Mountains Acquiring Majority Stake in MGA Distinguished Programs B...
Posted: Jul 08, 2025
US auto safety regulators are investigating whether earlier recalls of more than a million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly. The US National Highway Traffic Safety Administration received 20...
Posted: Jul 08, 2025
A second vessel was attacked by five rocket-propelled grenades in the Red Sea near Yemen, just a few hours after Houthis claimed responsibility for an earlier attack on a ship sailing in the same area, making voyages through the key …
Posted: Jul 08, 2025
Yemen’s Houthi militants continued to pound a commercial ship in the Red Sea — hours after beginning an assault on the vessel that left crew missing — the latest sign that the Tehran-backed group is once again escalating its threat …
Posted: Jul 08, 2025
Flooding has caused an average of more than 125 deaths per year and billions of dollars in damage in the United States over the past few decades, according to the National Weather Service. Flash floods are the nation’s top storm-related …
Posted: Jul 08, 2025
Auto insurers in Kentucky now have some official guidance and liability protection when determining the value of wrecked vehicles. In keeping with Senate Bill 136, approved on an emergency basis by state lawmakers this year, the Kentucky insurance co...
Posted: Jul 08, 2025
Blackouts in the US could double by 2030 amid an expected increase in power demand brought on by AI, according to a Trump administration report seen as a precursor to a broader intervention to help keep coal-fired power plants from …
Posted: Jul 08, 2025
The Venetian Resort on the Las Vegas Strip must pay $850,000 and implement policy changes to settle a religious discrimination and retaliation lawsuit. The suit, filed by the U.S. Equal Employment Opportunity Commission, names the Venetian Las Vegas...
Posted: Jul 08, 2025
State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agent...
Posted: Jul 08, 2025
State Farm has long positioned itself as the dependable “good neighbor” ready to help when disaster strikes. Through carefully crafted advertising, the company promotes a sense of comfort, security, and connection. Images of helpful agent...
Posted: Jul 08, 2025
CyberCube, a provider of cyber risk analytics, has identified Manufacturing, Education, IT, and Retail as the sectors most at risk of attacks from the threat actor group Scattered Spider — the group behind several recent high-profile cyber inciden...
Posted: Jul 08, 2025
In 2023, the Canada wildfires that incinerated more than 17 million hectares (42 million acres) of boreal forest were so hot they melted the paint on approaching fire trucks and smoldered underground all winter. That heat created vast columns of R...
Posted: Jul 08, 2025
Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is no evidence that any sensitive personal information, financial records or legally protected da...
Posted: Jul 07, 2025
Erie Insurance reports that it has restored full business operations that have been affected by a month long network outage. The company also said there is “no evidence” of a breach of any sensitive personal information, financial records...
Posted: Jul 07, 2025
The company says its code data will help insurance professionals resolve property claims faster and more accurately through Verisk’s platform.
Posted: Jul 07, 2025
The reinsurer says ICEYE’s satellite insights will enhance its catastrophe response capabilities and expedite loss assessments.
Posted: Jul 07, 2025
The acquisition will increase PIC’s capacity to support pension risk transfer deals and expand investment in long-term UK assets.
Posted: Jul 07, 2025
Atrium will maintain its brand and leadership.
Posted: Jul 07, 2025
Stop waiting months for vital eApp updates! Empower your team with direct control and unlock the agility you need. Discover how Sureify's LifetimeACQUIRE Studio helps your eApp stay current with today's dynamic environment.
Posted: Jul 07, 2025
Learn how lengthy payment system implementations impact your bottom line, from delayed ROI to hidden labor expenses. Waiting 6-12+ months can mean missing a whole year of benefits.
Posted: Jul 07, 2025
The new funding puts Wefox "on a clear path to profitability" for full year 2025.
Posted: Jul 07, 2025
The company began rolling out the policy in April 2025.
Posted: Jul 07, 2025
PHLY continues to work with law enforcement and cybersecurity experts as its forensic investigation progresses.
Posted: Jul 07, 2025
The deadly flash floods in Texas that killed more than 100 people over the Fourth of July holiday weekend will cause an estimated $18 billion to $22 billion in total damage and economic loss, AccuWeather said. The weather forecasting service …
Posted: Jul 07, 2025
In the aftermath of devastating floods in Texas, social media users have spread misinformation that cloud seeding is to blame. Meteorologists have been quick to debunk the claim, but the rumors underline how weather can be a magnet for conspiracy ...
Posted: Jul 07, 2025
Insurance Business Magazine - US
Posted: Jul 07, 2025