All Posts

Insured losses in 2025 could exceed $150bn following costly H1: Swiss Re

Reinsurance News

The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025, which is almost double the 10-year average and more than half of the firm’s projected full-year figure of $150 billion. Acco...

Posted: Aug 06, 2025

Arthur J. Gallagher & Co. Acquires Australian Broker MACK Insurance Services

Insurance Journal

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a...

Posted: Aug 06, 2025

Rothesay completes £900m buy-in with National Grid

Reinsurance News

Rothesay, a pensions insurance specialist, has completed a £900m buy-in with the National Grid UK Pension Scheme in July 2025, securing the benefits of 7,130 pensioners and their dependents. The transaction brings the total value of the Scheme’s d...

Posted: Aug 06, 2025

UK Firms Hire Contractors Instead of Employees to Cut Tax Bills

Insurance Journal

UK businesses are turning to the self-employed in an effort to rein in costs as they try to navigate Chancellor of the Exchequer Rachel Reeves’ £26 billion ($34.5 billion) payroll tax hike. Advertised contract jobs have risen 22% since April, &...

Posted: Aug 06, 2025

Nexus Underwriting adds SCOR’s Eamonn Long as CUO for Alternative Risk Transfer

Reinsurance News

Nexus Underwriting, a Brown & Brown group subsidiary, has appointed Eamonn Long as Chief Underwriting Officer (CUO) for its Alternative Risk Transfer (ART) business. In his new role, Long supports and grows Nexus’s service in ART, translating...

Posted: Aug 06, 2025

Hiscox Re & ILS reports top-line growth but LA wildfires dent H1’25 underwriting result

Reinsurance News

Hiscox Re & ILS, which comprises the global insurer’s reinsurance businesses in London and Bermuda and insurance-linked securities (ILS) activity, posted a 7% rise in insurance contract written premium (ICWP) for the first half of 2025 t...

Posted: Aug 06, 2025

PartnerRe reports net income of $493m for H1’25 despite non-life underwriting loss

Reinsurance News

Bermuda-based reinsurer PartnerRe has reported net income of $493 million for the first half of 2025, up on the prior year’s $362 million by 36% despite the non-life segment falling to an underwriting loss as a result of the January Californ...

Posted: Aug 06, 2025

AM Best: US L/A insurers shift toward mortgages and alternatives as bond yields

Reinsurance News

According to a recent report from AM Best, a credit rating agency, the bond portfolio yield for the US life/annuity (L/A) insurance industry rose to its highest point in ten years in 2024, increasing by 22 basis points to 4.79%. However, AM Best n...

Posted: Aug 06, 2025

Tysers appoints Desmond Cheok as Associate Director, P&C in Singapore

Reinsurance News

Tysers, an independent Lloyd’s insurance broker and part of the Australian AUB Group, has announced the appointment of Desmond Cheok as Associate Director, Property & Casualty (P&C), in Singapore. In his new role, Cheok will report to Tim...

Posted: Aug 06, 2025

Does Care by Advanced Practitioners Result in Different Workers Comp Outcomes?

Insurance Journal

A newly released decade-long study by the Workers’ Compensation Research Institute (WCRI) indicates that claims initiated by nurse practitioners and physician assistants didn’t lead to negative outcomes and suggested some benefits when co...

Posted: Aug 06, 2025

US to Ease Long-Range Drone Rules in Boon for Walmart, Alphabet

Insurance Journal

President Donald Trump’s administration proposed a rule to allow more commercial drones to fly beyond an operator’s visual line of sight, a potential boon for companies such as Alphabet Inc.’s Wing unit and Walmart Inc. pushing to d...

Posted: Aug 06, 2025

J.C. Flowers acquires Italian insurance brokerage Caleas

Reinsurance News

J.C. Flowers & Co. (JCF), a private investment firm dedicated to investing in the financial services industry, has announced that investment vehicles affiliated with JCF (JCF Funds) have acquired Caleas Srl, a Milan-based insurance brokerage....

Posted: Aug 06, 2025

Delay in Upping Its Claims Offer Could Cost AIG, Federal Appeals Court Says

Insurance Journal

AIG could pay dearly for refusing to budge on a claim settlement offer of $2.65 million for nearly a year after receiving estimates that a jury would likely award the claimant $7.5 million for her injuries. A jury did eventually …

Posted: Aug 06, 2025

The Future of AI-Driven Risk Mitigation 

Insurance Thought Leadership

The Future of AI-Driven Risk Mitigation  Predict & Prevent

Posted: Aug 05, 2025

Insurers Need Better Supplier Access Management

Insurance Thought Leadership

Insurers Need Better Supplier Access Management Cyber

Posted: Aug 05, 2025

Actuarial Transformation Hinges On Human Elements

Insurance Thought Leadership

Actuarial Transformation Hinges On Human Elements Underwriting

Posted: Aug 05, 2025

How Insurtechs Must Build Ethical AI

Insurance Thought Leadership

How Insurtechs Must Build Ethical AI AI & Machine Learning

Posted: Aug 05, 2025

International Broking: Beyond the Transactional View

Insurance Thought Leadership

International Broking: Beyond the Transactional View Agent & Broker

Posted: Aug 05, 2025

Grasshopper Bank secures $46.6 million

coverager

Grasshopper is a digital bank focused on business and affinity banking.

Posted: Aug 05, 2025

Samsung Fire & Marine to Launch AI Safe Driving Program with CMT

IIR

The new telematics program aims to reduce crash risk and improve roadside response in South Korea.

Posted: Aug 05, 2025

Hiscox to Acquire Corix and Vouch Insurance Company

IIR

The deal expands Hiscox USA’s small business reach and broker technology capabilities.

Posted: Aug 05, 2025

Earnix, Sapiens Launch Integrated Pricing Connector for P&C Insurers

IIR

The new solution streamlines rating, quoting, and policy workflows for P&C insurers in EMEA and APAC.

Posted: Aug 05, 2025

One Inc, INTX Partner to Modernize Insurance Payments

IIR

The vendors’ integration links digital payments to core systems, enhancing insurer workflows.

Posted: Aug 05, 2025

P&C Insurance Has a Payments Problem...

Insurance Thought Leadership

P&C Insurance Has a Payments Problem... Customer Experience

Posted: Aug 05, 2025

Parrish Named CEO of Howden U.S., Is Sued by Former Employer Marsh

Carrier Management

Parrish Named CEO of Howden U.S., Is Sued by Former Employer Marsh Mike Parri...

Posted: Aug 05, 2025

United Risk Acquires Verita CSG From WTW; Rebrands as Verist With Chang as CEO

Carrier Management

United Risk Acquires Verita CSG From WTW; Rebrands as Verist With Chang as CEO United Risk has acquired spec...

Posted: Aug 05, 2025

Bayer Adds $1.37 Billion to Reserves for Ongoing Roundup Litigation

Carrier Management

Bayer Adds $1.37 Billion to Reserves for Ongoing Roundup Litigation German pha...

Posted: Aug 05, 2025

515-Mile Swath of Lightning Caught From Space

Carrier Management

515-Mile Swath of Lightning Ca...

Posted: Aug 05, 2025

Workplace Satisfaction Survey Finds Finances Continue to Stress US Workers

Carrier Management

Workplace Satisfaction Survey Finds Finances Continue to Stress US Workers Financial str...

Posted: Aug 05, 2025

U.S. to Ease Long-Range Drone Rules in Boon for Walmart, Alphabet

Carrier Management

U.S. to Ease Long-Range Drone Rules in Boon for Walmart, Alphabet President Donald Trump's administratio...

Posted: Aug 05, 2025

Reclaiming Control: How a Commercial Auto Payer Cut Settlements by 63%

Risk & Insurance

Discover how implementing Demand Package Review helped them reduce settlement cycle times, minimize legal escalations, and improve settlement accuracy. The post

Posted: Aug 05, 2025

California Workers’ Comp Rating Bureau Says Recent Rate Declines Flattened

Insurance Journal

Written premium in the first quarter was 4% lower than the same period in 2024, extending a trend in which written premiums in calendar years 2022 through 2024 remained relatively stable compared to large swings during the pandemic, a new …

Posted: Aug 05, 2025

Sompo launches business development hub

coverager

Primarily focused on the Japanese market.

Posted: Aug 05, 2025

Thinking of Building Your Own Insurance Distribution Channel Data Integration? Read This First.

coverager

It hardly makes sense for organizations that have already invested significant time and money into developing their core technology to throw everything out and start anew.

Posted: Aug 05, 2025

USI acquires Rogers Insurance Center

coverager

Rogers Insurance Center is an independent brokerage firm specializing in commercial and personal risk insurance programs.

Posted: Aug 05, 2025

The Benecon Group names new chief commercial officer

coverager

Benecon provides self-funded medical benefit programs.

Posted: Aug 05, 2025

Neptune Flood surpasses 250,000 policies in force

coverager

According to Coverager’s MGA report, Neptune Flood saw a nearly 505% increase in disclosed premium from 2023 to 2024.

Posted: Aug 05, 2025

WTW reports flat revenue

coverager

$2.3 billion in revenue for Q2 2025.

Posted: Aug 05, 2025

Lemonade reports Q2 results

coverager

In-force premium was over $1 billion.

Posted: Aug 05, 2025

Qumis partners with NFP

coverager

The Chicago-based startup closed a $2.2 million pre-seed funding round earlier this year.

Posted: Aug 05, 2025

Third Point UK Investors Should Reject Reinsurance Deal, ISS Says

Insurance Journal

Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject its plan to turn itself into a reinsurance company, according to ISS. In its recommendation ahead of an Aug. 14 vote, the proxy adviser …

Posted: Aug 05, 2025