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Neil Eckert, CEO of Bermuda-based reinsurer Conduit Re, was a little surprised at the slight upside in casualty rates experienced through the first half of the year, and while the firm posted a decrease in property, he doesn’t expect to see a chan...
Posted: Jul 30, 2025
Two Georgia men, denied bond, are in jail awaiting court action after they were charged with possessing a large amount of homemade explosive devices. The Georgia Office of Insurance Commissioner and State Fire Marshal’s Office, along with the F...
Posted: Jul 30, 2025
South Africa’s state-owned risk insurer, which the government bailed out so it could meet claims stemming from riots four years ago, has built up a 20 billion-rand ($1.1 billion) buffer to safeguard its finances in the event of anticipated futu...
Posted: Jul 30, 2025
A very powerful magnitude 8.8 earthquake off Russia’s Far Eastern Kamchatka coast on Wednesday triggered tsunami warnings as far away as French Polynesia and Chile, and was followed by an eruption of the most active volcano on the peninsula. Th...
Posted: Jul 30, 2025
Cover Whale Insurance Solutions, Inc., a commercial auto insurtech, has raised $40 million in equity funding from Morgan Stanley Expansion Capital. The company plans to use the investment to further develop its technology, improve its data analyti...
Posted: Jul 30, 2025
Brown & Brown (BRO.N) posted a rise in second-quarter profit on Monday as the insurance broker benefited from higher commissions and fees driven by growing demand. Insurance spending has continued to grow, even as businesses and individuals pull...
Posted: Jul 30, 2025
BMS, an independent insurance and reinsurance broker, has announced the promotion of Kian Wookey to the newly created role of Managing Director (MD), Bermuda Product Line Development. Based in Bermuda, Wookey will report to Mark Lawson, Managing D...
Posted: Jul 30, 2025
Allianz UK, part of the financial services group Allianz SE, has signed a new insurance agreement with Sainsbury’s Bank as it looks to expand its reach in the UK retail insurance market. Starting 1 November 2025, Allianz UK will provide replacemen...
Posted: Jul 30, 2025
Prolonged wind events that unleash heavy rainfall and travel far distances sometimes qualify as derechos. Derechos can happen almost anywhere in the United States but are most common in the central and eastern regions of the country. Winds typically...
Posted: Jul 30, 2025
Palo Alto Networks Inc. agreed to buy CyberArk Software Ltd. in a cash-and-stock deal valuing the Israeli cybersecurity company at about $25 billion. Palo Alto will pay CyberArk investors $45 per share and 2.2005 shares of Palo Alto stock, according...
Posted: Jul 30, 2025
The Fermi National Accelerator Laboratory, one of the Department of Energy’s 17 national labs, was attacked by hackers as part of a recent campaign seeking to exploit flaws in Microsoft Corp.’s SharePoint software. “Attackers did at...
Posted: Jul 30, 2025
Verisk, a data analytics and technology provider to the insurance and energy industries, has entered into a definitive agreement to acquire AccuLynx, a SaaS platform providing end-to-end business management workflow for residential property contra...
Posted: Jul 30, 2025
Insurance agency mergers and acquisitions during the second quarter 2025 were up 11% over the prior quarter, but M&A activity for the first half of the year is down 8% compared to last year, according to investment banking and financial …
Posted: Jul 30, 2025
Property insurers paid out £1.6 billion in claims during the second quarter of 2025, a 7% increase compared to the previous quarter, as they helped homeowners and businesses recover from unexpected events and costly disruptions, according to the A...
Posted: Jul 30, 2025
Mercury General Corporation has reported net income of $166.5 million for the second quarter of 2025, representing a significant 166.1% increase compared to $62.6 million in the same quarter a year prior. Operating income also improved sharply, ri...
Posted: Jul 30, 2025
Allianz Life Says Majority of U.S. Customers’ Data Stolen in Hack U.S. insurance giant All...
Posted: Jul 30, 2025
Global insurer and reinsurer Everest has announced the appointment of Josh Pillion as U.S. National Distribution Manager for Everest Insurance. Based in Los Angeles, Pillion will report to Craig Hanrahan, Head of Field Operations, North America. I...
Posted: Jul 30, 2025
Resolution Life, a life insurance group focused on reinsurance and managing life insurance portfolios, has entered into a reinsurance agreement with Taiju Life Insurance Company Limited, a domestic insurer and part of the Nippon Life group. The ag...
Posted: Jul 30, 2025
India’s aviation watchdog found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a government report seen by Reuters. Th...
Posted: Jul 30, 2025
Global reinsurance broker Gallagher Re has announced the appointment of Mark Braithwaite from Lockton Re as Chief Commercial Officer, North America (NA). In this role, Braithwaite will play a key part in shaping the strategic direction of Gallaghe...
Posted: Jul 30, 2025
Aon, a global insurance and reinsurance broker, has released its Q2 2025 Global Insurance Market Insights, highlighting a notable phase in the insurance market where increased capacity and softening rates are coinciding with intensifying systemic...
Posted: Jul 30, 2025
Japan Post Insurance, KKR, and Global Atlantic (a wholly owned subsidiary of KKR) have signed definitive agreements under which Japan Post Insurance will invest $2 billion in a new vehicle sponsored by Global Atlantic, marking the latest milestone...
Posted: Jul 30, 2025
Global specialty underwriter and provider of insurance and reinsurance, AXIS Capital Holdings Limited, has reported an increase in gross premiums written (GPW) of $76 million, or 3% to $2.5 billion for the second quarter of 2025, driven by an incr...
Posted: Jul 30, 2025
The Texas Department of Insurance (TDI) said in a bulletin this month that it has approved private passenger and commercial auto rate increases for the Texas Automobile Insurance Plan Association (TAIPA), the state’s residual market for auto in...
Posted: Jul 30, 2025
This post is part of a series sponsored by EZLynx. Summer is a notoriously busy season for insurance renewals, especially for personal lines like auto and homeowners’ insurance. For independent agents, this time of year often means juggling a f...
Posted: Jul 30, 2025
Davies, a specialist professional services and technology provider for the insurance and regulated markets, is expanding its existing flood claims management with the launch of a new dedicated flood services division. This new division, led by Jes...
Posted: Jul 30, 2025
Shanghai has evacuated around 280,000 people and canceled flights as a tropical storm nears China’s financial hub, bringing strong winds and heavy rainfall that threatens flash flooding. Storm Co-may — known locally as Zhu Jie Cao — is expected...
Posted: Jul 30, 2025
Shanghai has evacuated around 280,000 people and canceled flights as a tropical storm crossed China’s financial hub, bringing strong winds and heavy rainfall that threatens flash flooding. Storm Co-may — known locally as Zhu Jie Cao — made land...
Posted: Jul 30, 2025
Arch Capital Group Ltd., the Bermuda-based insurer and reinsurer, delivered net income of $1.2 billion for the second quarter of 2025, down slightly on the comparable prior year quarter’s $1.3 billion, as the firm reports solid growth in bot...
Posted: Jul 30, 2025
Bridgepoint Group Plc agreed to acquire a majority stake in German insurance broker Hanseatic Broking Center GmbH from Preservation Capital Partners. The transaction sees Bridgepoint partner with HBC’s management team and founders, who will rem...
Posted: Jul 30, 2025
Bermuda-based reinsurer Conduit Re fell to a comprehensive loss of $13.5 million with a negative reinsurance service result of $15.2 million in the first half of 2025, as the discounted net loss ratio increased significantly year-on-year to 95.8%...
Posted: Jul 30, 2025
Alphabet’s GOOGL.O Waymo said on Monday it will roll out its autonomous ride-hailing service in Dallas in 2026, accelerating its U.S. expansion as electric vehicle maker Tesla TSLA.O pushes to grow its recently launched robotaxi business. After...
Posted: Jul 30, 2025
Part of the roof and front facade of a Family Dollar store in Kansas City, Missouri, collapsed Sunday, killing a 68-year-old man and seriously injuring a 50-year-old woman, authorities said. The building’s partial collapse occurred about 2:45 p...
Posted: Jul 30, 2025
Cincinnati Financial Corporation has reported growth of 11%, or $274 million in property and casualty (P&C) net written premiums to $2.7 billion for the second quarter of 2025, driven by price increases, premium growth initiatives and a higher...
Posted: Jul 30, 2025
Mosaic Insurance, a specialty insurer known for underwriting complex and emerging risks, has expanded into the digital asset space with a new insurance solution designed specifically for this fast-growing industry. The offering combines cyber and...
Posted: Jul 30, 2025
Are you a trucking company? If so, you may be exposed to class action lawsuits for minimum wage, break time, and overtime violations. Trucking companies are essential to our national economy and security. However, trucking companies often risk violat...
Posted: Jul 30, 2025
Global insurance and reinsurance brokerage Aon has appointed Natalie Rose as its new Bermuda Insurance Vertical Leader, part of the firm’s Reinsurance Solutions segment. In the new role, she will focus on strengthening the broker’s client relation...
Posted: Jul 30, 2025
Recent actions by the U.S. Consumer Financial Protection Bureau have reversed or jeopardized more than $360 million in compensation paid to consumers allegedly harmed by financial companies, an analysis by consumer groups said on Tuesday. The compens...
Posted: Jul 30, 2025
The phone rings. It’s the secretary of state calling. Or is it? For Washington insiders, seeing and hearing is no longer believing, thanks to a spate of recent incidents involving deepfakes impersonating top officials in President Donald Trump&...
Posted: Jul 30, 2025
Reactions to a recent Wall Street Journal article, which faulted the Demotech rating agency for giving top marks to a number of insurance carriers before the insurers went insolvent in recent years, has been mixed and muted. After outrage from …...
Posted: Jul 30, 2025
Swiss Re, a reinsurer known for its expertise in risk management and insurance solutions, has released a detailed report exposing the widening gaps in health and mortality protection across Asia. The report includes findings from a survey involvin...
Posted: Jul 30, 2025
Cover Whale Insurance Solutions, Inc., a managing general agency (MGA) focused on commercial auto isurance, announced $40 million in new equity financing from Morgan Stanley Expansion Capital. Founded in 2020, Cover Whale’s proprietary driver s...
Posted: Jul 30, 2025
A Connecticut firefighter was killed after a piece of a fire truck broke free and struck him, state police said. Raymond Moreau, 60, a 35-year veteran of the Plainville Fire Department, suffered severe leg injuries on Sunday while at the …
Posted: Jul 30, 2025
A deadly shooting at a New York City office tower on Monday exposed the vulnerability of corporate executives and employees even inside the commercial core of America’s financial capital, prompting reviews of security procedures at buildings ac...
Posted: Jul 30, 2025
Sedan and subcompact crossover models are listed among the year’s most affordable vehicles to insure, including two from Hyundai Motor Group and two Nissans, according to a list out on Tuesday from Mercury Insurance. The California-based carrie...
Posted: Jul 30, 2025
In the fourth set of criminal charges filed against him since last September, a former Baltimore County insurance agent and financial advisor has been charged with obstruction of justice and fabricating physical evidence, Maryland Attorney General An...
Posted: Jul 30, 2025
Inszone Insurance Services acquired Beasy Insurance Services in California. Founded by Wendy Beasy in 2002, Beasy Insurance Services specializes in personal lines coverage placement throughout California and the Southwest. Sacramento, California-base...
Posted: Jul 30, 2025
Insurance Business Magazine - US
Posted: Jul 29, 2025