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Posted: Jul 31, 2025
PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, announced the inclusion of severe convective storm (SCS) industry loss reporting for Europe (Austria, Belgium, France, Germany, Ireland, Italy, Lu...
Posted: Jul 31, 2025
Willis Towers Watson beat Wall Street estimates for second-quarter profit on Thursday, driven by a strong performance in its risk and brokerage business. Despite rising premium costs, businesses increased spending on insurance products as they priori...
Posted: Jul 31, 2025
The air-traffic control outage that disrupted UK flights on Wednesday afternoon was caused by an unspecified radar-related issue, leading to more than 150 canceled flights in one of the busiest travel periods of the year. The service interruption res...
Posted: Jul 31, 2025
Simon Wilson, Chief Executive Officer (CEO) of Markel Insurance, said recently that a really important part of the firm’s deal to sell the renewal rights for its Global Reinsurance business to Nationwide, was the large number of the reinsura...
Posted: Jul 31, 2025
The Oklahoma Insurance Department (OID) has announced 63 zip codes across the state for the third and final pilot launch of OKReady, the Strengthen Oklahoma Homes program. A list of the third pilot zip codes can be found on the …
Posted: Jul 31, 2025
Bridgepoint, a quoted private asset growth investor, has agreed to acquire a majority stake in HBC (Hanseatic Broking Center), an independent SME+ insurance distribution platform in the DACH region, from Preservation Capital Partners. HBC was foun...
Posted: Jul 31, 2025
Overall numbers of securities class actions filed in the first half of 2025 are in line with last year, but artificial intelligence- and cryptocurrency-related filings are on the rise. According to a report by Cornerstone Research in collaboration wi...
Posted: Jul 31, 2025
Jim Williamson, CEO of Bermuda-based insurance and reinsurance company Everest, has disregarded talk of a soft property cat market, describing rates as very strong and the market as very hard while discipline has been maintained. During Everest’s...
Posted: Jul 31, 2025
Sedgwick analysis finds stark contrasts between states implementing comprehensive legal reforms and those facing escalating litigation costs. The post
Posted: Jul 31, 2025
Orlando plans to borrow more than $420 million to renovate Camping World Stadium, joining a wave of Florida cities pouring public funds into stadium projects. The city plans to sell about $420 million of tax-exempt bonds on Thursday to modernize R...
Posted: Jul 31, 2025
Five medical employees at an Alabama jail have been indicted in connection with the death of a mentally ill man who died of hypothermia after being held for two weeks in a concrete cell. The indictment unsealed Tuesday brings the …
Posted: Jul 31, 2025
The Hanover Insurance Group has announced its financial results for the second quarter of 2025, reporting a net income of $157.1 million, lower catastrophe losses of $107.5 million and an improved combined ratio of 92.5%. Net income in Q2 2025 saw...
Posted: Jul 31, 2025
Luxembourg authorities are looking into possible wrongdoing tied to carbon-credit projects based in China that have been tapped by European companies to reduce their CO2 footprints. “The Prosecutor General’s office is currently investigat...
Posted: Jul 31, 2025
Two weeks after Jaysen Carr spent the Fourth of July swimming and riding on a boat on one of South Carolina’s most popular lakes, he was dead from an amoeba that lives in the warm water and entered his brain …
Posted: Jul 31, 2025
California Gov. Gavin Newsom is circulating a legislative proposal to shore up a state fund for utilities that’s at risk of being depleted following the deadly wildfires that struck Los Angeles County in January. The plan would channel an addit...
Posted: Jul 31, 2025
MIAMI (AP) — The U.S. Coast Guard said it was beginning a salvage operation on Tuesday while investigating the cause of a boat collision near Miami that left two girls dead, one of whom was identified by family friends as …
Posted: Jul 31, 2025
The Baldwin Group, an insurance brokerage and advisory firm, has released its Q2 2025 Market Pulse Report, providing a clear view into a commercial insurance market that is becoming increasingly divided. According to the report, stability and rene...
Posted: Jul 31, 2025
Liberty Global Transaction Solutions (Liberty GTS), part of Liberty Mutual Insurance, has announced the appointment of Jared Lavinthal as Head of Tax for the Americas. Based in New York City, Lavinthal will report to Hilary Weiss, Head of Americas...
Posted: Jul 31, 2025
Damages totaled more than $3 million after a tow pilot struck components of an Iowa bridge in May 2024, the National Transportation Safety Board said in a recent investigation report. According to an NTSB news release issued Tuesday, the towing ̷...
Posted: Jul 31, 2025
Global specialty re/insurance firm Ascot Group Limited and alternative credit manager Antares Capital have partnered to launch Wayfare Reinsurance Limited, a Bermuda-based reinsurance sidecar, together with Canro Re Limited, a Bermuda-based segreg...
Posted: Jul 31, 2025
A wholly owned subsidiary of Brookfield Wealth Solutions (BWS) is set to acquire London life insurer Just Group. Brookfield will reportedly pay 220 pence per share in cash, valuing Just Group’s equity at £2.4 billion ($3.2 billion). Brookfield sai...
Posted: Jul 31, 2025
Skyward Specialty Insurance Group, a property and casualty (P&C) specialist insurance company, reported net income of $38.8 million for the second quarter of 2025, representing a 25.16% increase from $31 million in the same period of 2024. Mea...
Posted: Jul 31, 2025
Global insurance broking group WTW has reported flat revenue of $2.3 billion for the second quarter of 2025 with solid organic revenue growth in both Health, Wealth & Career and Risk & Broking, and a 134% year-on-year rise in net income to...
Posted: Jul 31, 2025
Markel Insurance Selling Reinsurance Renewal Rights to Nationwide In se...
Posted: Jul 31, 2025
Insurer and reinsurer Ascot Group is reportedly partnering with Antares Capital, a private-credit firm, on a $500 million transaction to create a Bermuda-based reinsurance sidecar called Wayfare Reinsurance, according to a report by The Wall Stree...
Posted: Jul 31, 2025
Descartes Underwriting, a specialist in corporate parametric insurance solutions for climate and emerging risks, has promoted Ben Qin to Head of Asia Pacific (APAC) and WeeBeng Seow as the Head of Southeast (SE) Asia. The parametric specialist is...
Posted: Jul 31, 2025
Markel Insurance is running off its global reinsurance business and selling renewal rights to the $1.2 billion book to Nationwide, according to Markel Group and Nationwide in separate announcements on Wednesday. Neither company disclosed financial te...
Posted: Jul 31, 2025
PERILS AG, a Zurich-based catastrophe insurance data provider, has announced the inclusion of Severe Convective Storm (SCS) industry loss reporting for Europe, Japan, and New Zealand. The new service builds on PERILS’ existing SCS coverage in Aust...
Posted: Jul 31, 2025
The Allstate Corporation, a provider of personal property and casualty insurance in the United States, has announced robust financial results for the second quarter of 2025, highlighted by substantial underwriting income improvement across the bus...
Posted: Jul 31, 2025
Aon has appointed Andrew Laing as UK CEO of Reinsurance, succeeding Rupert Moore, who will become CEO of Reinsurance for Asia Pacific and Chairman of the region for Aon’s Strategy and Technology Group. Subject to regulatory approval, Laing will al...
Posted: Jul 31, 2025
A federal judge temporarily blocked on Monday Arkansas’ first-in-the-nation law that would have prohibited pharmacy benefit managers from owning pharmacies in the state. U.S. District Judge Brian Miller issued a preliminary injunction against t...
Posted: Jul 31, 2025
Insurance Business Magazine - US
Posted: Jul 31, 2025
Avatar MGA Ltd., a next generation managing general agent (MGA), has received Lloyd’s coverholder and UK regulatory approval to begin binding business from Aug. 1, 2025. The US D&F property-focused MGA is backed by three market-leading synd...
Posted: Jul 31, 2025
Insurer Markel Group’s total operating income for the second quarter of 2025 grew to $1.1 billion from $409 million in Q2’24, largely driven by market value movements within its equity portfolio. In the insurance segment in Q2’25, operating income...
Posted: Jul 31, 2025
Thierry Léger, Chief Executive Officer (CEO) of SCOR, one of Europe’s big four reinsurers, said this morning that although there’s not been an influx of new entrants in the reinsurance market, competition was high at the mid-year renew...
Posted: Jul 31, 2025
This post is part of a series sponsored by Expert Insured. Managing General Agents (MGAs) in the Property & Casualty (P&C) insurance space are under increasing pressure to scale, comply, and remain competitive. Between manual processes, compl...
Posted: Jul 31, 2025
Everest’s reinsurance segment again led the business in Q2 2025, posting $436 million in underwriting income and a combined ratio of 85.6%, despite $98 million in pre-tax aviation losses tied to the Russia–Ukraine war, which added 3.2 points to th...
Posted: Jul 31, 2025
French reinsurer SCOR has announced its financial results for the second quarter of 2025, reporting a rise in net income to EUR 226 million, reversing the loss of EUR 308 million recorded in the second quarter of 2024. This improvement was driven...
Posted: Jul 31, 2025
Lockton, a privately held insurance brokerage, has appointed Kelly Thoerig as U.S. Directors and Officers Liability (D&O) and Employment Practices Liability (EPL) Product Leader within its Professional & Executive Risk division. Based in V...
Posted: Jul 31, 2025
Strong storms that brought hurricane-force winds to an area stretching from the Upper Plains to the Midwest have been preliminarily classified by the National Weather Service as a derecho, defined as a long-lived line of storms with extreme winds. Th...
Posted: Jul 31, 2025
Even today, more than five years later, residents still talk about the fire. The chemical facility burned for three days, leaked toxic runoff into the waterways, forced schools and businesses to close and prompted a shelter-in-place order for everyon...
Posted: Jul 31, 2025