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PIVOTING TO SUCCESS

Rough Notes

Young employee benefits leader oversees firms expansion and initiatives By Christopher W. Cook In the insurance industry, certain dedicated young professionals stand out among their peers and are members of an elite squad of individuals. These are th...

Posted: Aug 04, 2025

Derechos Are Uncommon But Destructive Weather Events

Carrier Management

Derechos Are Uncommon But Destructive Weather Events Prolonged wind events that unleash heavy rainfall...

Posted: Aug 04, 2025

Data Suggests 60% of Enterprise Firewalls Fail Compliance Checks

Carrier Management

Data Suggests 60% of Enterprise Firewalls Fail Compliance Checks New data derived from FireMon custo...

Posted: Aug 04, 2025

Pennsylvania Court Affirms Workers’ Comp Eligibility for Nurse Terminated Over Vaccine Refusal

Risk & Insurance

The Commonwealth Court of Pennsylvania held that a nurse fired for refusing a COVID-19 vaccination is still entitled to workers' compensation benefits for a prior injury, clarifying the intersection of workplace vaccine mandates and post-injury te...

Posted: Aug 04, 2025

Beijing Faces More Torrential Rainfall Days After Deadly Floods

Insurance Journal

Beijing is getting drenched by another round of heavy rain, one week after torrential downpours across parts of the Chinese capital unleashed flooding that claimed at least 44 lives. The city’s meteorological service elevated its rainstorm warn...

Posted: Aug 04, 2025

Business Moves: Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations; Optio Comple...

Insurance Journal

Specialist Risk Group Acquires Ecclesia’s Dutch and Belgian Operations Specialist Risk Group (SRG), the London-based global insurance intermediary, announced it has completed the acquisition of German broker Ecclesia’s businesses in the N...

Posted: Aug 04, 2025

People Moves: Liberty GTS Names Remsen Head of East, Americas; Black Named National Property Leader...

Insurance Journal

Liberty GTS Appoints Remsen Head of East in the Americas Region Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance, promoted Jason Remsen to head of East, Americas. He will be based in New York City. Remsen has experience &#...

Posted: Aug 04, 2025

US captive insurance firms continue to outpace commercial market peers: AM Best

Reinsurance News

According to AM Best, the longstanding factors behind the captive composite’s outperformance of the broader commercial lines market remain intact, namely, effective claims and risk management, strict control over operating costs, and a disciplined...

Posted: Aug 04, 2025

People Moves: BHSI Launches Program Business in Canada Led by Tran; Aspen Promotes Cushway as Head o...

Insurance Journal

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance and Aspen Insurance Holdings. A summary of these new hires follows here. BHSI Launches Program Business in Canada Led by Tran Berkshire Hathaway...

Posted: Aug 04, 2025

People Moves: BHSI Launches Program Business in Canada, Led by Tran; Aspen Promotes Cushway as Head...

Insurance Journal

This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and Aspen Insurance Holdings. A summary of these new hires follows here. BHSI Launches Program Business in Canada Led by Tran Berkshire H...

Posted: Aug 04, 2025

Applied Systems reports slower growth in Canada’s commercial insurance space in Q2’25

Reinsurance News

Applied Systems, a provider of cloud-based insurance software and services, has released its second-quarter 2025 edition of the Applied Commercial Index, offering detailed insights into premium renewal trends across Canada’s commercial insur...

Posted: Aug 04, 2025

Senate Confirms Anti-DEI Stalwart Lucas to Second Term at EEOC

Insurance Journal

The Senate confirmed Andrea Lucas to another term as commissioner of the country’s workplace civil rights agency, demonstrating firm Republican support for her efforts to root out diversity programs, roll back protections for transgender worker...

Posted: Aug 04, 2025

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

Insurance Journal

United Risk has acquired specialized property/casualty managing general agent Verita CSG, Inc. from global risk advisor WTW and rebranded the venture as Verist LLC. Industry veteran Michael Chang will become CEO of Verist, now based at 50 Rockefeller...

Posted: Aug 04, 2025

RMS founder Hemant Shah joins FortressFire’s Board

Reinsurance News

FortressFire, a provider of wildfire analytics and property-specific wildfire risk management services, has announced the appointment of Hemant Shah as the company’s vice chairman of the board and senior advisor. Shah, considered a pioneerin...

Posted: Aug 04, 2025

Specialist Risk Group acquires Ecclesia’s Dutch and Belgian operations

Reinsurance News

Insurance industry intermediary, Specialist Risk Group (SRG), has completed the previously announced acquisition of German broker Ecclesia’s businesses in the Netherlands and Belgium, marking its formal entry into mainland Europe. The acquired bus...

Posted: Aug 04, 2025

Technology Transforms Independent Insurance Agencies

Insurance Thought Leadership

Technology Transforms Independent Insurance Agencies Agent & Broker

Posted: Aug 04, 2025

Matthew Washington named CEO of Probitas 1492

Reinsurance News

Matthew Washington has been appointed CEO of Probitas 1492, a specialist Lloyd’s syndicate focused on property, casualty and specialty re/insurance, owned outright by UK insurer Aviva following its acquisition in mid‑2024. Washington assumes the n...

Posted: Aug 04, 2025

How an Alleged Ponzi Scheme Left Investors and Politicians in the South Reeling

Insurance Journal

CEDARTOWN, Ga. (AP) — A federal receiver is on the hunt to recover $140 million lost in an alleged Ponzi scheme that benefited some Republicans in the top ranks of their party in Georgia and Alabama. He’s looking to claw …

Posted: Aug 04, 2025

How AI Is Reshaping Risk Management

Insurance Thought Leadership

How AI Is Reshaping Risk Management Risk Management

Posted: Aug 04, 2025

California Wildfire Burns 65,000 Acres in Los Padres Forest, Prompts Evacuations

Insurance Journal

A wildfire in California has prompted evacuation orders and threatened hundreds of structures. The wildfire has grown to 65,062 acres, and was only 3% contained. Firefighters have been battling the Gifford fire in Santa Barbara and San Luis Obispo Co...

Posted: Aug 04, 2025

Corebridge closes largest portion of variable annuity reinsurance deal with Venerable

Reinsurance News

Corebridge Financial, Inc. has announced the successful closure of the largest portion of its previously announced reinsurance agreement with Corporate Solutions Life Reinsurance Company, an insurance subsidiary of Venerable Holdings, Inc. The tra...

Posted: Aug 04, 2025

Mississippians Have Little Time Left to Intervene in Gas Pipeline Proposal

Insurance Journal

Mississippians have until Tuesday to intervene in a proposal for a natural gas pipeline that would span nearly the full width of the state. The pipeline, called the “Mississippi Crossing Project,” would start in Greenville, cross through...

Posted: Aug 04, 2025

USI Acquires Oklahoma’s Rogers Insurance Center

Insurance Journal

USI Insurance Services announced the acquisition of Miami, Oklahoma-based Rogers Insurance Center. Founded in 1997, Rogers Insurance Center is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the...

Posted: Aug 04, 2025

CyberCube and Wholesure partner to expand cyber insurance capabilities for SMBs

Reinsurance News

CyberCube, a provider of cyber risk analytics for the insurance sector, has entered into a strategic partnership with Wholesure, the wholesale brokerage arm of Acrisure, a global fintech and insurance brokerage firm. As part of the collaboration,...

Posted: Aug 04, 2025

Wisconsin Paper Manufacturer Cited for Safety Violations

Insurance Journal

The U.S. Department of Labor has cited an Appleton, Wisconsin paper products manufacturer for allegedly exposing employees to dangerous energy and machine guarding hazards after an employee suffered two finger-tip amputations. Investigators with the...

Posted: Aug 04, 2025

Texas Senate Passes Bill to Ban THC, Setting Up Showdown with House

Insurance Journal

The Texas Senate on Friday approved its second attempt to ban hemp-derived THC, setting up a showdown with the House, where hemp industry members say they’ll be getting more support. Senate Bill 5 by Sen. Charles Perry, R-Lubbock passed the &#8...

Posted: Aug 04, 2025

Crane Provider to Pay $525K After Workers Used Racial Slurs, Displayed Nooses

Insurance Journal

TNT Crane & Rigging, Inc., one of the largest crane service providers in North America, will pay $525,000 and furnish other relief to settle a racial harassment and retaliation lawsuit filed by the U.S. Equal Employment Opportunity Commission (EE...

Posted: Aug 04, 2025

Chemours, DuPont, Corteva Settle New Jersey PFAS Claims for $875 Million

Insurance Journal

Chemours, DuPont and Corteva have agreed to pay $875 million over 25 years to the State of New Jersey to settle environmental claims including pollution linked to PFAS, or “forever chemicals,” the companies said on Monday. Lawsuits accusi...

Posted: Aug 04, 2025

Brown & Brown completes RSC Topco acquisition

Reinsurance News

Brown& Brown, an insurance brokerage and risk management firm, has completed its previously announced acquisition of RSC Topco, Inc., the holding company for Accession Risk Management Group, Inc. The deal, first announced in June 2025, was fin...

Posted: Aug 04, 2025

Berkshire Insurance Units Report Lower Q2 Operating Income Overall

Insurance Journal

GEICO was the only one of Berkshire Hathaway’s major property/casualty reporting divisions to post higher underwriting profit in the second quarter of 2025. But a 2% rise in underwriting profit for the personal auto insurance operation was not...

Posted: Aug 04, 2025

High Noon Recalls Vodka Seltzers Mislabeled as Energy Drinks

Insurance Journal

High Noon announced a recall of vodka seltzer drinks that it says were mislabeled as Celsius energy drinks, according to a posting on the U.S. Food and Drug Administration’s website. “Consumption of the liquid in these cans will result in...

Posted: Aug 04, 2025

CNA posts net income of $299m, P&C CoR strengthens to 94.1% in Q2’25

Reinsurance News

Chicago-domiciled insurer CNA Financial Corporation reported net income of $299 million for the second quarter of 2025, down from $317 million in the same period last year. Core income in Q2’25 rose to $335 million, up from $326 million in Q2’24....

Posted: Aug 04, 2025

Atrium enters weather and climate insurance market, Byrns to lead new team

Reinsurance News

Atrium, a specialty insurance group at Lloyd’s, has entered the weather and climate insurance market with the appointment of weather insurance veteran Dr Ed Byrns as of Weather & Climate. Led by Byrns, the Weather and Climate Insurance team wi...

Posted: Aug 04, 2025

Aspen announces new leadership role for international and UK casualty insurance

Reinsurance News

Aspen Insurance Holdings Limited has announced the appointment of Ryan Cushway as Head of International and UK Casualty Insurance, a newly established position effective August 1, 2025. Cushway, who joined Aspen in 2017, has held several senior un...

Posted: Aug 04, 2025

Aon calls for national AI policy to ensure insurability: Kevin Kalinich

Reinsurance News

Aon has called for a coordinated, whole-of-government approach to regulating artificial intelligence amid a rapidly evolving risk landscape, urging the establishment of a national policy framework to ensure insurability and effective risk manageme...

Posted: Aug 04, 2025

Everest Insurance International appoints James McPartland as Head of Property, Asia

Reinsurance News

Everest Insurance International, a division of Bermuda-based insurer and reinsurer Everest Group, Ltd., has appointed James McPartland as Head of Property, Asia. McPartland brings over 15 years of industry experience to the role. He joined Everest...

Posted: Aug 04, 2025

No Major Impact Reported as Small Earthquake Shakes New Jersey-New York Area

Insurance Journal

A small earthquake rattled the New York metropolitan area Saturday night. The U.S. Geological Survey said the tremor had a magnitude of 3.0. It hit in the New Jersey suburb of Hasbrouck Heights, less than 8 miles (13 kilometers) west …

Posted: Aug 04, 2025

SiriusPoint’s Q2’25 underwriting income improves on lower cats & higher favourable PYD

Reinsurance News

Bermuda-based carrier SiriusPoint has reported a rise in core underwriting income to $67.6 million for the second quarter of 2025, compared with $36.9 million a year earlier, as catastrophe losses decreased and favorable prior year loss reserve de...

Posted: Aug 04, 2025

EU Court Rules Against Environmentalists Trying to Block Spanish Wind Farms

Insurance Journal

The European Court of Justice on Friday dealt a blow to environmental groups trying to stop wind farms from being built in Spain’s northwestern Galicia region, in a ruling affecting billions of euros of investment. Companies developing wind far...

Posted: Aug 04, 2025

Saudi Re’s net profit increased 20.9% to SAR 52.6m in Q2’25

Reinsurance News

Saudi Reinsurance Company (Saudi Re) has reported a net profit after zakat attributable to shareholders of SAR 52.6 million for the second quarter of 2025, representing a 20.9% increase compared to the same quarter a year earlier. The company attr...

Posted: Aug 04, 2025

South Africa Is Considering Flood Insurance for Large Cities

Insurance Journal

South Africa is studying whether some of its largest cities should take out flood insurance after a series of disasters in recent years led to bailouts from the government. The insurance being considered is parametric, a type of cover that …

Posted: Aug 04, 2025

Aon’s Jeffrey Jones joins Mercury Insurance as Chief Reinsurance Officer

Reinsurance News

Jeffrey Jones has joined Mercury Insurance, a property and casualty insurer, as Vice President & Chief Reinsurance Officer, a newly created role, following a 30-year tenure as a reinsurance broker at Aon. The executive’s arrival comes at a tim...

Posted: Aug 04, 2025