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MNRB posts best ever Q1 profit driven by Malaysian Re

Reinsurance News

MNRB Holdings Berhad (MNRB), has reported its financial results for the first quarter ending June 30th, 2025 (Q1 FY’26), including a best opening quarter performance since inception with profit after tax (PAT) of RM168.4 million (USD 39.9m), up 82...

Posted: Aug 15, 2025

Hiscox appoints Matthew Budd Group Head of Technical Claims

Reinsurance News

Specialist insurer Hiscox has announced the appointment of Matthew Budd as Group Head of Technical Claims, a newly created role. Based in London, Budd will be responsible for overseeing the Group’s technical claims operations as the business conti...

Posted: Aug 15, 2025

Swiss Re urges vigilance amid geopolitical, economic, and climate risks

Reinsurance News

In their mid-year letter to shareholders, reinsurance company Swiss Re’s Chairman Jacques de Vaucleroy and Group Chief Executive Officer, Andreas Berger stressed the importance of maintaining vigilance, even in a period of strong operational perfo...

Posted: Aug 15, 2025

Willis appoints Azad Kumar as Growth Leader of Energy, Construction & Marine in India

Reinsurance News

Willis, a WTW business, has announced the appointment of Azad Kumar as Growth Leader for Energy, Construction, and Marine in India. Based in Mumbai, Kumar will play a key role in shaping Willis’ specialisation strategy and supporting clients in th...

Posted: Aug 15, 2025

B.P. Marsh commits $5m to new XPT reinsurance venture

Reinsurance News

B.P. Marsh & Partners Plc, a London-listed investment firm specialising in early-stage and niche financial services businesses, has agreed to invest up to $5 million in Gambit Risk Finance LLC, a newly created reinsurance company tied to its U...

Posted: Aug 15, 2025

HDI Global appoints Fellipe Aguiar as Head of Energy & Power Underwriting U.S.

Reinsurance News

HDI Global Insurance Company, the U.S. carrier of HDI Global SE, has appointed Fellipe Aguiar to the newly created role of Head of Energy & Power Underwriting U.S. for its cross-division Energy & Power Unit. Aguiar’s team will manage compl...

Posted: Aug 15, 2025

NFL Cannot Force Black Coach’s Racial Claims Into Arbitration, Says Appeals Court

Insurance Journal

The National Football League cannot force Minnesota Vikings defensive coordinator Brian Flores’ racial bias claims into an arbitration controlled by the league, a federal appeals court ruled on Thursday. In a 3-0 decision, the 2nd U.S. Circuit...

Posted: Aug 15, 2025

Toxic Spill at China-Owned Zambian Mine 30 Times Worse Than Estimated

Insurance Journal

The partial collapse of a waste dam at a Chinese state-owned copper mine in Zambia may have released 30 times more toxic sludge into the environment than previously reported, according to an independent evaluation of the disaster. At least 1.5 &#8230...

Posted: Aug 15, 2025

Delivery Drones May Soon Take Off With New FAA Rule

Insurance Journal

Delivery drones are so fast they can zip a pint of ice cream to a customer’s driveway before it melts. Yet the long-promised technology has been slow to take off in the United States. More than six years after the …

Posted: Aug 15, 2025

Softening Continues for Most Commercial P/C Lines in Q2, Says CIAB

Insurance Journal

According to The Council of Insurance Agents & Brokers (CIAB) quarterly survey, commercial property/casualty premiums across all account sizes in the second quarter 2025 rose by 3.7%–down from the average increase of 4.2% from the first three mon...

Posted: Aug 15, 2025

Third Point’s Dan Loeb Wins Vote to Turn London-Listed Fund Into Reinsurer

Insurance Journal

Dan Loeb has won a vote to turn his UK investment trust into a life and annuity reinsurance company, defying a fierce backlash from some shareholders. A majority of investors backed a plan for London-listed Third Point Investors to acquire …

Posted: Aug 15, 2025

Rising La Niña Odds Point to More Hurricanes in the Atlantic

Insurance Journal

The world may be about to shift into a La Niña weather pattern, a development that would increase the risk of storms in the Atlantic as the height of hurricane season approaches there. Forecasters at the US Climate Prediction Center …

Posted: Aug 15, 2025

Florida Peninsula Files for 8.4% Cut in HO Rates, 12% Drop in Condo Owners’

Insurance Journal

Florida Peninsula Insurance Co., the ninth-largest property insurance carrier in the state with some 189,000 policies in force, announced it had filed for some of the largest rate decreases since landmark legislative changes were enacted two years ag...

Posted: Aug 15, 2025

PCRIC makes $285,000 payout to Samoa for tsunami recovery

Reinsurance News

The Pacific Catastrophe Risk Insurance Company (PCRIC), a donor funded entity established to provide Pacific Island nations with access to disaster risk insurance and related services, has made a payout of $285,000 under the tsunami component of i...

Posted: Aug 15, 2025

Son Cashed Mom’s Workers’ Comp Checks After She Died

Insurance Journal

A Port Jervis, New York man recently entered a guilty plea to charges he collected more than $42,000 in workers’ compensation benefits issued to his deceased mother. New York State Inspector General Lucy Lang announced the July 31, 2025, guilty...

Posted: Aug 15, 2025

Son Cashed Mom’s Workers’ Compensation Checks After She Died

Insurance Journal

A Port Jervis, New York man recently entered a guilty plea to charges he collected more than $42,000 in workers’ compensation benefits issued to his deceased mother. New York State Inspector General Lucy Lang announced the July 31 guilty plea &...

Posted: Aug 15, 2025

Brightstone Specialty Acquires RMS Hospitality and Fortis Risk

Insurance Journal

Michigan-based Brightstone Specialty Group announced its acquisition of RMS Hospitality Group and its affiliated claims firm, Fortis Risk Solutions, from RMS Insurance Brokerage, LLC. The acquisitions expand Brightstone’s presence in the franch...

Posted: Aug 15, 2025

Philadelphia Police Officer Wins Delayed Workers’ Compensation Claim for PTSD

Insurance Journal

A Philadelphia police officer who was severely beaten by a robbery suspect in 2017 has won his right to add a psychological injury to his already settled workers’ compensation claim for physical injuries suffered in the incident. The officer&#8...

Posted: Aug 15, 2025

NFL Appealing Nevada High Court Ruling Allowing Gruden’s Lawsuit to Proceed

Insurance Journal

The NFL will appeal the Nevada Supreme Court’s ruling that former Las Vegas Raiders coach Jon Gruden can proceed with his lawsuit and not go through the league for arbitration. The league will request a rehearing from the same court …

Posted: Aug 15, 2025

Liberty Mutual Canada launches Environmental Protection Insurance Coverage

coverager

The coverage combines general liability and environmental liability coverages- including full pollution and product pollution coverages – into a single package.

Posted: Aug 14, 2025

AXIS announces CFO transition

coverager

Matthew Kirk will be appointed as the company’s next Chief Financial Officer effective March 2026.

Posted: Aug 14, 2025

Ategrity Specialty reports first earnings as a public company

coverager

Allianz is now insuring Singapore’s first fully driverless bus.

Posted: Aug 14, 2025

Vortex Introduces RainSure, Parametric Insurance for Measurable Rain

IIR

RainSure pays policyholders starting at 0.01 inches of rainfall, with higher payouts for heavier precipitation.

Posted: Aug 14, 2025

Sollers Opens First U.S. Office in Chicago

IIR

The consultancy aims to accelerate insurers’ cloud, AI and core system modernization.

Posted: Aug 14, 2025

Roamly Launches AI-Powered Carshare Insurance Platform

IIR

Following Lloyd’s Coverholder approval and a Celent award, Roamly introduces embedded carshare coverage for the mobility and shared vehicle economy.

Posted: Aug 14, 2025

Brian Poppe on Mutual of Omaha’s AI and Innovation Path

IIR

Drawing on a diverse career across the enterprise, Poppe is advancing product simplicity, digital transformation and AI adoption to meet rising customer expectations.

Posted: Aug 14, 2025

AXA XL Partners with Winston Artory Group

IIR

The agreement gives art and cultural asset clients access to specialized appraisal, valuation, and risk management services.

Posted: Aug 14, 2025

4 Mistakes to Avoid When Automating

Insurance Thought Leadership

4 Mistakes to Avoid When Automating Data Analytics

Posted: Aug 14, 2025

[color=rgb(30, 30, 30)]How to Unlock Life Insurance's 'Living Benefits'[/color]

Insurance Thought Leadership

[color=rgb(30, 30, 30)]How to Unlock Life Insurance's 'Living Benefits'[/color] ITL Editorial Team Thu, 0...

Posted: Aug 14, 2025

3 Firefighters Hurt as Fire Burned Historic Buildings in Salt Lake City Nightlife Hub

Insurance Journal

A blaze that started in a restaurant kitchen injured three firefighters and scorched century-old buildings in Salt Lake City’s nightlife hub, officials said. Firefighters were dispatched to a cooking fire at the London Belle Supper Club on Mond...

Posted: Aug 14, 2025

Insurance Ecosystems: Navigating an Unfamiliar World

Insurance Thought Leadership

Insurance Ecosystems: Navigating an Unfamiliar World Ecosystems

Posted: Aug 14, 2025

Wanted: Tesla Autopilot Operators. $25-$30/Hour. Plus Family-Building.

Insurance Journal

Are you a “highly motivated self-starter” who wants to drive an “engineering vehicle for extended periods, conducting dynamic audio and camera data collection for testing and training purposes?” This role requires a “hig...

Posted: Aug 14, 2025

Insurance Agencies Achieve Record Growth Despite Market Headwinds

Risk & Insurance

Best Practices firms post 10.7% organic growth and maintain historically high profit margins, Big I/Reagan Consulting study finds. The post

Posted: Aug 14, 2025

Forecasters Expect Brief La Nina in Fall 2025

Carrier Management

Forecasters Expect Brief La Nina in Fall 2025 A brief period of La Nina conditions is favored...

Posted: Aug 14, 2025

SiriusPoint Announces Arden Partnership, Wildfire Coverage

Carrier Management

SiriusPoint Announces Arden Partnership, Wildfire Coverage Sir...

Posted: Aug 14, 2025

Texas Crime Labs Say They Need More Resource for a THC Ban

Insurance Journal

As Texas lawmakers debate whether to regulate or ban THC products, officials with the state’s crime labs say they don’t have the resources currently to enforce whatever law is passed. “From a crime lab perspective, mercifully, we do...

Posted: Aug 14, 2025

Texas Crime Labs Say They Need More Resources for a THC Ban

Insurance Journal

As Texas lawmakers debate whether to regulate or ban THC products, officials with the state’s crime labs say they don’t have the resources currently to enforce whatever law is passed. “From a crime lab perspective, mercifully, we do...

Posted: Aug 14, 2025

Milwaukee Area Recovers From Record Rain and Flooding

Insurance Journal

The Milwaukee area began drying out Monday after weekend rain hit unofficial records in Wisconsin of more than 14 inches (36 centimeters) in less than 24 hours, leading multiple rivers to flood at record-high levels, washing out vehicles, flooding ba...

Posted: Aug 14, 2025

Union Pacific Train Cars Derail Near Texas Town, No Injuries Reported

Insurance Journal

Thirty-five cars of a Union Pacific train derailed Tuesday afternoon near a small Texas town, officials said. No injuries were reported and no evacuations have been ordered following the afternoon derailment, Union Pacific spokeswoman Robynn Tysver s...

Posted: Aug 14, 2025

Midwest Healthcare Company to Pay $1M in COVID Vaccine Mandate Case

Insurance Journal

Mercyhealth, a health care system operating hospitals and clinics in Illinois and Wisconsin, agreed to pay more than $1 million in monetary relief to a class of employees and has offered to reinstate employees that it terminated for refusing to &#823...

Posted: Aug 14, 2025

Plymouth Rock Adds Bass, Brooks to Independent Agency Leadership

Insurance Journal

Bass Named Chief Operating Officer, Brooks Named Chief Claims Officer at Plymouth Rock Plymouth Rock Assurance Corp., headquartered in Boston, Massachusetts, hired two additions to its Independent Agency Group leadership team. Brooke Bass joins as ch...

Posted: Aug 14, 2025

Third Point secures 67% shareholder support for Malibu Life Re acquisition

Reinsurance News

Third Point LLC (TPIL ), a New York-based alternative asset manager, has secured shareholder approval for its acquisition of Malibu Life Reinsurance SPC, a life and annuity reinsurance platform. The vote, which took place at the firm’s extraordina...

Posted: Aug 14, 2025

Rise of Delivery Drones Comes With Risks

Carrier Management

Rise of Delivery Drones Comes With Risks Delivery drones are so fast they can zip a pint of ice cream t...

Posted: Aug 14, 2025

Riskiest Places to Drive Over Labor Day Holiday Weekend: Allstate

Carrier Management

Riskiest Places to Drive Over Labor Day Holiday Weekend:...

Posted: Aug 14, 2025

Markets/Coverages: Marsh Launches BrokerSafe for Freight Broker Auto Coverage

Insurance Journal

Broker Marsh, a business of Marsh McLennan, the launch of BrokerSafe, an exclusive insurance facility for U.S. freight broker clients seeking access to more stable and affordable freight broker auto liability coverage. Freight brokers play a vital ro...

Posted: Aug 14, 2025

Containment Continues on California Megafire, But Hundreds of Structures Threatened

Insurance Journal

Containment continues to increase on the biggest fire in California this year, which has been at “megafire” status for nearly a week. The Gifford Fire, which is burning in two California counties, is now 41% contained. It has burned more...

Posted: Aug 14, 2025