All Posts

Howden announces successful $4.1 billion debt repricing

coverager

This transaction will lower interest costs and the Term Loan B repricing will result in expected gross annualized savings of approximately $8 million per year.

Posted: Aug 11, 2025

Beagle names Johnny Hanna President

coverager

Marsh collaborated with D&O insurers to develop a tailored policy enhancement to clients’ traditional D&O programs that covers their indemnification obligations to investment banks.

Posted: Aug 11, 2025

1 Dead, 10 Injured, 1 Missing After US Steel Plant Explosion Near Pittsburgh

Insurance Journal

One person was killed and at least 10 others hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operating area...

Posted: Aug 11, 2025

2 Dead, 10 Injured After US Steel Plant Explosion Near Pittsburgh

Insurance Journal

Two workers were killed and at least 10 other people hospitalized with injuries after an explosion at a U.S. Steel plant outside of Pittsburgh on Monday. According to Allegheny County Emergency Services, the explosion happened inside a battery operat...

Posted: Aug 11, 2025

The Shocking Cost of Litigation Funding

Insurance Thought Leadership

The Shocking Cost of Litigation Funding PaulCarroll Mon, 08/11/2025 - 20:12 Mid-August is supp...

Posted: Aug 11, 2025

Plymouth Rock Assurance Names Brooke Bass COO, Dale Brooks CCO

IIR

The appointments strengthen leadership in the Independent Agency Group with focus on operations and claims excellence.

Posted: Aug 11, 2025

Orion180 Neural Earth Partner on AI-Powered Risk Intelligence

IIR

The collaboration integrates geospatial analytics into Orion180’s underwriting, beginning with wildfire risk assessment in high-risk regions.

Posted: Aug 11, 2025

CCC, Elitek Expand Integration to Include Sublet Services

IIR

The enhancement allows collision repair shops to capture more Elitek service details in CCC ONE for improved documentation and efficiency.

Posted: Aug 11, 2025

Claims Management Success Hinges on Human Capital Investment Amid Industry Talent Shortage

Risk & Insurance

Industry data reveals that strategic employee development and retention programs are driving measurable improvements in claims outcomes, even as labor shortages challenge the sector. The post

Posted: Aug 11, 2025

July Temps Ease, But Still Third Hottest on Record

Carrier Management

July Temps Ease, But Still Third Hottest on Record The world experienced its third-...

Posted: Aug 11, 2025

Camaro ZL1 Tops List of Most Stolen Vehicles: IIHS

Carrier Management

Camaro ZL1 Tops List of Most Stolen Vehicles: IIHS The Chevrolet Camaro ZL1...

Posted: Aug 11, 2025

People Moves: Chubb Promotes in Surety, Property; WTW Hires ICT Directors; HDI Global USA Names Agui...

Insurance Journal

Chubb Makes Key Leadership Appointments in Surety’s Global and North America Businesses Chubb Limited, headquartered in Warren, New Jersey, named Steve Haney, vice president, Chubb Group and currently division president of North America surety...

Posted: Aug 11, 2025

People Moves: Coterie Insurance Names Albert and Egbert to Senior Leadership Team

Insurance Journal

Coterie Insurance, headquartered in Appleton, Wisconsin, named Mike Albert and Allan Egbert to the company’s senior leadership team as chief technology officer and chief platform officer, respectively. Albert and Egbert, the co-founders of Ask...

Posted: Aug 11, 2025

Majority of MGAs believe the claims process with carriers needs improvement

Reinsurance News

Over three-quarters (77%) of MGAs say the claims process with carriers needs improvement, up from 59% in 2023, with 91% of carriers sharing this view, according to the MGA Opinion Report by Clyde & Co in collaboration with the MGAA. The report...

Posted: Aug 11, 2025

Hiscox creates new alternative risk transfer team

coverager

The company has appointed Adrees Tinkler to lead a new Alternative Risk Transfer team within its London Market business.

Posted: Aug 11, 2025

Prudential and NN Life & Pensions sign $4 billion longevity deal

coverager

The deal marks Prudential’s second international longevity reinsurance transaction with NN Life & Pensions.

Posted: Aug 11, 2025

Helicopter Crash Kills 2 Workers Repairing Powerlines Near Mississippi River

Insurance Journal

Two people working on powerlines near the Mississippi River died Thursday when their helicopter hit the lines, crashed into a barge and sparked a fire that belched plumes of black smoke, officials said. The helicopter crew was near East Alton, &#8230...

Posted: Aug 11, 2025

Louisiana to Pay $9M Settlement to Man Partially Paralyzed by State Trooper

Insurance Journal

Louisiana authorities have agreed to pay $9 million to a man who was partially paralyzed from the waist down after a trooper shot him in the back during a 2018 traffic stop in Baton Rouge and then falsely reported it …

Posted: Aug 11, 2025

BHSI appoints Franco Masciovecchio as Country Manager for Switzerland

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, professional, and cyber insurance solutions, has appointed Franco Masciovecchio as its new Country Manager for Switzerland. Masciovecchio brings over 30 ye...

Posted: Aug 11, 2025

Storms in Nebraska Kill 1, Displace Hundreds of Inmates

Insurance Journal

Strong storms before dawn Saturday in eastern Nebraska killed one person and seriously injured another in a state park and displaced hundreds of inmates after two prison housing units were damaged, officials said, even as other Midwest states also br...

Posted: Aug 11, 2025

Toxic Shale Drilling Wastewater Threatens Top Oil Fields, Texas Agency Warns

Insurance Journal

A Texas agency overseeing 13 million acres of state land is warning that toxic waste fluid from shale drilling threatens to contaminate oil wells in North America’s most prolific crude basin. The General Land Office of Texas, which was founded...

Posted: Aug 11, 2025

Fires, Storms and Blazing Heat Forecast for Western US

Insurance Journal

Fires, storms and the potential for near-record high temperatures across the western US are in the offing for the coming week. The Gifford Fire, about 125 miles (201 kilometers) northwest of Los Angeles, had burned 114,621 acres and was 21% …

Posted: Aug 11, 2025

Jellyfish Shut French Nuclear Reactors as Heat Wave Builds

Insurance Journal

Electricite de France SA was forced to shut four atomic reactors after a swarm of jellyfish clogged up filter drums at its Gravelines power plant. The “massive and unforeseen” presence of jellyfish in the filter drums of pumping stations...

Posted: Aug 11, 2025

Lancashire announces key senior management changes as Spence and Johnston depart

Reinsurance News

Insurer and reinsurer Lancashire Holdings Limited has announced a number of senior management changes at Lancashire Syndicates Limited and Lancashire Insurance Company Limited, as well as additional senior underwriting appointments. John Spence, C...

Posted: Aug 11, 2025

Markets/Coverages: Hiscox Launches Sexual Molestation Liability Cover

Insurance Journal

Global specialist insurer, Hiscox, has announced the appointment of Harriet Turner to its London Market business to lead its new sexual molestation liability (SML) cover – expanding its existing range of casualty products. Hiscox’s launch of SM...

Posted: Aug 11, 2025

Nicholas Carbo to lead WTW ICT business as Senior Director

Reinsurance News

WTW, an insurance and reinsurance broking group, has announced the appointment of Nicholas Carbo as Senior Director to its Insurance Consulting & Technology (ICT) business, a Florida-based role. In his new position, Carbo will be responsible f...

Posted: Aug 11, 2025

Howden completes $4.1bn debt repricing at tight levels

Reinsurance News

Howden Group, a UK-headquartered insurance broker and reinsurance intermediary, has completed a repricing of its US$3.1bn Term Loan B due 2031 and its £765m Revolving Credit Facility (RCF). The changes, finalised on 8 August, cut the Term Loan B m...

Posted: Aug 11, 2025

People Moves: Lancashire Announces Senior Leadership Promotions, Including CEOs of Insurance Units;...

Insurance Journal

This edition of International People Moves details appointments at Lancashire Holdings and CFC Underwriting. A summary of these new hires follows here. Lancashire Announces Leadership Promotions, Including CEOs of Insurance Units Lancashire Syndicate...

Posted: Aug 11, 2025

Commercial Insurance Market Shows Mixed Signals in Q3 2025

Risk & Insurance

Buyers face favorable conditions amid growing uncertainty and evolving risks, according to a report from Gallagher. The post Commercial Insur...

Posted: Aug 11, 2025

Workers’ Compensation Industry Faces Administrative Overload as Technology Transformation Lags

Risk & Insurance

New research from Rising Medical Solutions reveals nearly half of claims professionals spend at least 30% of their time on administrative tasks, highlighting need for digital solutions. The post

Posted: Aug 11, 2025

ISS Sustainability Solutions acquires Sust Global to expand geospatial risk capabilities

Reinsurance News

ISS Sustainability Solutions, the sustainable investment division of ISS STOXX, has acquired Sust Global, a provider of geospatial risk modelling and analytics. The move aims to enhance ISS Sustainability Solutions’ ability to offer institutional...

Posted: Aug 11, 2025

Miss. Auditor Seizes Hundreds of Thousands from Cities to Pay for Overdue Audits

Insurance Journal

CANTON, Miss. (AP) — Jeff Goodwin, director of the Mississippi state auditor’s compliance division, was congenial while describing to Canton officials how the office has taken $352,000 of the city’s revenue to pay for past-due audits – th...

Posted: Aug 11, 2025

Swiss Re’s Li joins NormanMax Insurance Solutions to lead Climate & Alternative Risk

Reinsurance News

Yong Li has joined NormanMax Insurance Solutions, a Lloyd’s coverholder and parametric re/insurance solutions provider, as President, Climate & Alternative Risk Solutions. With over two decades of experience, Li is a seasoned expert in commodi...

Posted: Aug 11, 2025

Knife-Wielding Man Shot by Police in West Virginia Emergency Room

Insurance Journal

CHARLESTON, W.Va. (AP) — Police in West Virginia shot and killed a knife-wielding man in a hospital emergency room after he attacked an employee early Friday, authorities said. The shooting occurred around 1:45 a.m. at Charleston Area Medical Center&...

Posted: Aug 11, 2025

Florida Farm Identified as Source of Raw Milk That Sickened 21 People

Insurance Journal

TALLAHASSEE, Fla. (AP) — The Florida Department of Health has identified Keely Farms Dairy as the source of raw milk that has sickened 21 people with E. coli or campylobacter since January. A manager of the farm in New Smyrna …

Posted: Aug 11, 2025