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Rising demand and unique risks drive need for specialized coverage as hydrogen projects multiply sevenfold, Allianz Commercial reports. The post
Posted: Aug 01, 2025
August 2025 ITL FOCUS: Operational Efficiency Operational Efficiency sradomski Fri, 08/01...
Posted: Aug 01, 2025
AXA SA fell the most in almost four months after profit missed estimates and the French insurance group agreed to buy a majority in Italian car insurer Prima Assicurazioni. The stock fell as much as 7%, the biggest intraday decline …
Posted: Aug 01, 2025
RIQ, the newly launched AI-native reinsurance platform purpose-built for the future of global risk transfer, has entered into a strategic partnership with IHC, anchored by a targeted allocation of more than $500 million in reinsurance premiums ove...
Posted: Aug 01, 2025
This edition of International People Moves details appointments at QBE and HDI Global. A summary of these new hires follows here. QBE Hires ERGO’s Peerdeman to Launch Marine Insurance Biz in Netherlands International business insurer QBE has hi...
Posted: Aug 01, 2025
Brit Group Holdings Limited posted a profit before tax of $307.7 million for the first half of 2025, up 2.1% from $301.3 million in the same period a year earlier, amid an increased undiscounted combined ratio of 95.2%, up from 80.8%, due to large...
Posted: Aug 01, 2025
Allstate Q2 Income Eclipses $2B as Auto Turns in Combined Ratio of 86 Allstate Corp. sec...
Posted: Aug 01, 2025
Verisk’s $2.35B Buy of AccuLynx ‘Natural Fit’ for Claims Management Solutions Insurance data...
Posted: Aug 01, 2025
The California Department of Insurance completed a review of the KCC US Wildfire Reference Model Version 3.0, making it the state’s second wildfire catastrophe model. The new model for use by insurers in assessing wildfire risk in property insu...
Posted: Aug 01, 2025
Economist Dr. Dubravka Tosic details the key litigation insights on the costs of life care plans. The post Assessing Future Medical Costs in Ca...
Posted: Aug 01, 2025
Specialty Program Group, a specialty insurance brokerage and distribution firm headquartered in Chicago, has acquired Florida-based ANOVA Marine Insurance, a managing general agent and Lloyd’s coverholder. ANOVA, in business since 2011, offers...
Posted: Aug 01, 2025
Reinsurance Group of America (RGA), a provider of life and health reinsurance, has announced its financial results for the second quarter of 2025, reporting net income available to shareholders of $180 million, a decrease compared to last year’s $...
Posted: Aug 01, 2025
Gallagher's Joe Kirksey discusses the most pressing risks agricultural clients are facing, technological advances and mentorship in the insurance space. The post
Posted: Aug 01, 2025
COLUMBIA, S.C. (AP) — Workers at a site in South Carolina that once made key parts for nuclear bombs in the U.S. have found a radioactive wasp nest but officials said there is no danger to anyone. Employees who routinely …
Posted: Aug 01, 2025
French insurer AXA has agreed to acquire Milan-headquartered Prima, an Italian direct insurance player acting as a managing general agent (MGA). The transaction is subject to customary closing conditions, including the receipt of regulatory approv...
Posted: Aug 01, 2025
A buyer-friendly competitive commercial insurance market is likely to be short-lived, according to a new analysis of second-quarter 2025 market conditions from global professional services firm Aon. “This is not a typical soft market cycle; it&...
Posted: Aug 01, 2025
Ryan Specialty Holdings, Inc., an international specialty insurance firm, reported total revenue of $855.2 million for the second quarter of 2025, representing 23% growth compared to $695.4 million in the prior-year period. The firm attributed the...
Posted: Aug 01, 2025
German pharmaceutical and biotechnology group Bayer said on Thursday it had set aside an additional 1.2 billion euros ($1.37 billion) in provisions to address ongoing litigation in the United States over weed killer Roundup. The German group said tha...
Posted: Aug 01, 2025
Alban de Mailly Nesle, Group Chief Financial Officer (CFO) of global insurer AXA, said this morning that as both a buyer and seller of reinsurance, overall, the firm stands to benefit more than it will lose from softer reinsurance pricing. This mo...
Posted: Aug 01, 2025
Insurance and reinsurance broking group Gallagher has appointed Alistair Lester as Chief Executive Officer (CEO) for Private Equity and M&A client practice, leading the firm’s existing transactional risks teams in the UK, Europe and the...
Posted: Aug 01, 2025
Thunderstorms disrupted New York City transit and inundated roads just as workers started their the home-bound commute Thursday, but conditions were improving into the night and Friday morning commuters can likely expect smoother journeys. All flash...
Posted: Aug 01, 2025
BHP and Vale are facing a London lawsuit from the law firm representing hundreds of thousands of people over Brazil’s worst environmental disaster, alleging the companies sought to cheat the firm out of legal fees by procuring settlements. BHP...
Posted: Aug 01, 2025
PwC, a professional services firm with deep expertise in the insurance and legacy markets, has released its latest review of the non-life insurance run-off sector, covering the second quarter of 2025. According to PwC, activity in the market remai...
Posted: Aug 01, 2025
Countries that fall short in efforts to limit global warming to 1.5°C face growing legal risks that could push them to accelerate climate adaptation efforts. The threat of lawsuits now looms over companies and governments that don’t take aggres...
Posted: Aug 01, 2025
Oaktree Capital Management, L.P. (Oaktree), a global asset management firm specialising in alternative investment strategies, has appointed Phil Joubert as Managing Director (MD) and Head of Asia Pacific (APAC) Insurance Solutions. In the new role...
Posted: Aug 01, 2025
Reflecting growing demand for aggregate risk coverage in the reinsurance market, US primary insurer Allstate has secured a new aggregate reinsurance arrangement for its US homeowners book at the mid-year renewals. The new protection includes cover...
Posted: Aug 01, 2025
India’s Edme Insurance Brokers Ltd has announced the appointment of Nitin Firke as Managing Director of Reinsurance, where he will work closely with both domestic and international partners to strengthen the broker’s position as a trus...
Posted: Aug 01, 2025
AM Best has upgraded the credit ratings of Somerset Reinsurance Ltd. and Somerset Reinsurance Company (SRC), citing their balance sheet strength, adequate operating performance, and ability to execute their business plan. The rating agency has upg...
Posted: Aug 01, 2025
This post is part of a series sponsored by Expert Insured. Every minute your team spends manually quoting is a minute lost to your competition. Whether you’re an MGA, wholesaler, or carrier, manual quoting isn’t just inefficient-it’...
Posted: Aug 01, 2025
For the second quarter of 2025, insurance broking group Arthur J. Gallagher & Co. has reported total revenue before reimbursement of $3.17 billion, compared to $2.73 billion in Q2’24, as the core brokerage and risk management segments combined...
Posted: Aug 01, 2025
Parametrix, a provider of digital business interruption solutions, has announced the appointment of Sandy Perdiguerra as Senior Vice President, Cyber and Tech E&O Underwriting. Perdiguerra, who brings over two decades of experience in cyber un...
Posted: Aug 01, 2025
Reinsurance Group of America (RGA) has completed its previously announced $32 billion reinsurance transaction with Equitable Holdings, covering a diversified portfolio of life insurance products. Back when the deal was first revealed, RGA said it...
Posted: Aug 01, 2025
French insurer AXA recorded a rise in underlying earnings of 5% to €4.5 billion and 7% growth in gross written premium (GWP) and other revenues to €64.3 billion in the first half of 2025, driven by growth at AXA XL, the firm’s property and c...
Posted: Aug 01, 2025
An Indianapolis man has been sentenced to eight years in federal prison after pleading guilty to setting fire to an IndyGo bus and bus station, causing approximately $1.8 million in damage. Demarcus McCloud, 46, was sentenced to eight years in …...
Posted: Aug 01, 2025
An Oklahoma man is facing charges for damaging the weather radar equipment of a local TV station, the office of Attorney General Gentner Drummond announced. Anthony Tyler Mitchell, 39, allegedly vandalized the power supply of News 9’s NextGen l...
Posted: Aug 01, 2025
The London Market Group (LMG), a collective body representing the specialist commercial re/insurance market in London, has published the results of its second Regulatory Sentiment Indices. The data shows a clear improvement in how firms view the p...
Posted: Aug 01, 2025
Parametric insurtech CelsiusPro has appointed Isa Ennadifi, formerly of global insurers Allianz and AXA and reinsurer SCOR, as its new Group Chief Underwriting Officer (CUO). Ennadifi has over 15 years of industry experience, having held senior ro...
Posted: Aug 01, 2025
CFC, a specialist insurance provider headquartered in London, appointed Kyle Laudadio as healthcare practice leader in the U.S. Laudadio will lead the expansion of strategic broker relationships onshore in the U.S. Laudadio has over 15 years of indus...
Posted: Aug 01, 2025
Managing general agent (MGA), Avatar MGA Ltd (Avatar), has received Lloyd’s coverholder and Financial Conduct Authority (FCA) approval, and is set to commence binding business from August 1st, 2025. The new MGA is backed by three market-leading sy...
Posted: Aug 01, 2025
Legal groups sued the U.S. Equal Employment Opportunity Commission on July 29, claiming it is unlawfully refusing to enforce federal workplace protections for transgender workers. Led by Acting Chair Andrea Lucas, a Republican, the federal agency cha...
Posted: Aug 01, 2025
The Trump administration has billed its plan to undo U.S. climate regulation as a way to cut costs for industry, but it may backfire by forcing automakers, utilities, and manufacturers into a future of regulatory uncertainty and litigation risk, acco...
Posted: Aug 01, 2025
Florida’s Office of Insurance Regulation this week approved an average 31.5% increase in homeowner rates for Trusted Resource Underwriters Exchange – one of the largest Florida rate hikes in two years – despite questions about irregularities by...
Posted: Aug 01, 2025
Demolition crews are using giant saws, backhoes and other heavy equipment to remove large sections of the remaining pieces of Baltimore’s Francis Scott Key Bridge, which collapsed last year after a container ship lost power and veered off cours...
Posted: Aug 01, 2025
A Massachusetts assisted-living facility where a fire killed 10 people earlier this month temporarily lost its certification nearly a decade ago due to resident mistreatment, according to state regulators. The documents obtained by The Associated Pre...
Posted: Aug 01, 2025
The Catholic Diocese of Rochester, its insurers, and survivors of clergy sexual abuse have agreed on a $246 million fund to pay abuse claims as part of the diocese’s Chapter 11 plan to emerge from bankruptcy. The plan came together …
Posted: Aug 01, 2025
As the floods hit, Kerrville officials’ messages show lack of information about what was coming” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about pub...
Posted: Aug 01, 2025
The Catholic Diocese of Rochester, its insurers, and survivors of clergy sexual abuse have agreed on a $246 million fund to pay abuse claims as part of the diocese’s Chapter 11 plan to emerge from bankruptcy. The plan came together …
Posted: Aug 01, 2025
As the floods hit, Kerrville officials’ messages show lack of information about what was coming” was first published by The Texas Tribune, a nonprofit, nonpartisan media organization that informs Texans — and engages with them — about pub...
Posted: Aug 01, 2025
Starwind Specialty Insurance Services, a CRC Group company, has announced that Alex Bonds, currently serving as President and Chief Underwriting Officer of CRC Insurisk, will be joining Starwind Specialty as Co-President. In his new position, Bond...
Posted: Aug 01, 2025