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Employee benefits firm Freimark & Associates has partnered with Leavitt Heartland Insurance, a Leavitt Group affiliate with offices across South Dakota. The partnership expands insurance options for clients of both agencies. Freimark & Associ...
Posted: Sep 30, 2025
AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members o...
Posted: Sep 30, 2025
AM Best has revised the outlooks to stable from negative for the Long-Term Issuer Credit Ratings (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a+” (Excellent) of the members o...
Posted: Sep 30, 2025
Rain was already coursing through the usually dry creek near Abraham Stallins’ home in the Texas Hill Country when a flash flood warning lit up his phone. It was just after midnight on July 5, and many neighbors were sleeping, …
Posted: Sep 30, 2025
Organizations representing the insurance, real estate, mortgage banking, financing, and property management industries sent a letter to Congressional leaders calling for quick action to extend the National Flood Insurance Program (NFIP). The program...
Posted: Sep 30, 2025
CatIQ, a Toronto-based independent catastrophe insurance data provider and subsidiary of PERILS, has released its fourth industry loss estimate for the ice storm that affected Ontario and Quebec from March 28 to 31, 2025, raising losses to CAD 490...
Posted: Sep 30, 2025
Posted: Sep 30, 2025
Two US Senators Urge Probe of Tesla’s Full Self-Driving Response to Rail Crossings Two U.S. senators urged t...
Posted: Sep 30, 2025
A decade-long analysis of more than 300 cyber claims reveals that a small number of large losses drive the majority of cyber costs—and ransomware remains the most disruptive force. The post
Posted: Sep 30, 2025
There has been a surge in new specialty carrier launches since 2018, many established to take advantage of an attractive pricing environment and the perceived growth of permanent niche underwriting opportunities, according to a recent study by ALI...
Posted: Sep 30, 2025
Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Corsiam Specialty Ltd., a new accident & health managing general agent (MGA). Backed by The Fidelis Partners...
Posted: Sep 30, 2025
A US government shutdown would quickly ripple through the economy and create challenges for the insurance industry, with the extent of the fallout depending on how long it lasts, according to a new analysis from AM Best, the credit rating agency....
Posted: Sep 30, 2025
Private credit could be a “meaningful” transmission channel during the next crisis, amplifying a systemic shock to the financial system with negative repercussions for a broad range of investors, according to Fitch Ratings. The fast-growi...
Posted: Sep 30, 2025
Chinese hackers breached email servers of foreign ministers as part of a years-long effort targeting the communications of diplomats around the world, according to researchers at the cybersecurity firm Palo Alto Networks Inc. Attackers accessed Micro...
Posted: Sep 30, 2025
Managing general agent (MGA) platform Blue Ocean Reinsurance Group has announced the appointment of Sefani Busby-Thornhill as Senior Vice President (SVP) and Account Executive. Busby-Thornhill brings more than 10 years of experience in alternative...
Posted: Sep 30, 2025
Unless Congress reaches a compromise on funding by midnight, there will be no budget and the government will shut down—sending out waves of implications that will disrupt the insurance industry, according to AM Best. “The potential government s...
Posted: Sep 30, 2025
Volkswagen AG lost an appeals case in Germany’s highest civil court over the shareholders’ approval of a settlement with former Chief Executive Officer Martin Winterkorn over his role in the diesel-emissions scandal that cost the company...
Posted: Sep 30, 2025
Bamboo Ide8 Insurance Services, LLC., part of White Mountains Insurance Group, alongside specialty insurer Accredited, have completed the reinsurance program supporting the launch of their new E&S Signature program. This reinsurance placement...
Posted: Sep 30, 2025
Posted: Sep 30, 2025
The LA Fires Destroyed 11,000 Homes. Less Than 10% Have...
Posted: Sep 30, 2025
Lawmakers Press FEMA on the Future of U.S. Flood Insurance Two Democratic lawmak...
Posted: Sep 30, 2025
Judge Rules Feds Can’t Withhold Disaster Relief Until States Coop...
Posted: Sep 30, 2025
Rising pharmacy expenses and chronic conditions drive companies to explore disruptive plan changes and AI solutions, WTW reports. The post
Posted: Sep 30, 2025
Marsh, the global insurance broker and risk advisor, has named Fred Smith the Florida corporate and risk management segment leader, overseeing service for large and middle-market clients in the state. Smith will relocate to Miami from New York and re...
Posted: Sep 30, 2025
Zurich North America has announced the appointment of Matthew Moore as Executive Vice President – Head of Group Captives. In his new role, Moore will be based in Chicago and report to Alex Wells, EVP & Head of Middle Market at Zurich Nor...
Posted: Sep 30, 2025
New York Governor Kathy Hochul announced that Superintendent Adrienne Harris will be leaving the Department of Financial Services (DFS). Hochul is appointing Kaitlin Asrow as acting superintendent of DFS effective October 18, 2025. “I’d l...
Posted: Sep 30, 2025
Insurance Business Magazine - US
Posted: Sep 30, 2025
Insurance Business Magazine - US
Posted: Sep 30, 2025
Howden, the global insurance and reinsurance broking group, has secured funding under the UK Space Agency’s ‘Unlocking Space for Business Grant Call 2’ to develop an advanced biodiversity risk monitoring solution powered by satellite data and arti...
Posted: Sep 30, 2025
Howden, the insurance broker, has appointed Mark Peterson as Head of its Construction, Infrastructure and Surety practice in the United States. In this role, Peterson will be responsible for building the practice and developing a comprehensive sol...
Posted: Sep 30, 2025
Posted: Sep 30, 2025
Increased competition and stagnating demand, especially in the US, are decelerating the pace of premium growth in the global cyber insurance market for the second year in a row, Moody’s said in a new report. Citing Munich Re data, Moody’s sa...
Posted: Sep 30, 2025
Ambac Financial Group has completed the sale of its legacy financial guarantee businesses, Ambac Assurance Corporation and Ambac Assurance UK Limited, to funds managed by Oaktree Capital Management for $420 million in cash. The cash sale of Ambac...
Posted: Sep 30, 2025
Canadian carrier WestJet said on Monday the personal information of some passengers was exposed in a cybersecurity breach earlier this year, though no payment data was compromised. The airline said it detected suspicious activity on June 13 and later...
Posted: Sep 30, 2025
Asahi Group Holdings Ltd. suspended some beverage shipments on Monday after a cyberattack hobbled some of the drinks company’s operations in Japan. The maker of Asahi and Peroni beer said the disruption from the system failure is so far limited...
Posted: Sep 30, 2025
The Fidelis Partnership (TFP) has announced the launch of a new managing general agent (MGA), Corsiam Specialty Limited, which will focus on underwriting a broad portfolio of global Accident & Health (A&H) insurance and reinsurance busines...
Posted: Sep 30, 2025
A cargo ship was hit by an explosive device near Yemen and caught fire, injuring two seafarers. The Netherlands-flagged Minervagracht, a relatively small general cargo ship, is currently on fire in the Gulf of Aden, its manager Spliethoff said in ...
Posted: Sep 30, 2025
The global insurance and reinsurance industry is facing a significant talent gap, a challenge exacerbated by outdated recruitment practices and, in some cases, a lack of understanding of specialised industry roles, Marco Silva and Lucian Chiroiu,...
Posted: Sep 30, 2025
The global insurance and reinsurance industry is facing a significant talent gap, a challenge exacerbated by outdated recruitment practices and, in some cases, a lack of understanding of specialised industry roles, Marco Silva and Lucian Chiroiu,...
Posted: Sep 30, 2025
Resolution Life, a global life insurance group focused on reinsurance and managing life insurance portfolios, has announced the appointment of Jeff Davies as Chief Financial Officer (CFO), effective 2nd March 2026. Davies will provide strategic di...
Posted: Sep 30, 2025
International insurance group Ageas has completed its acquisition of esure from Bain Capital for a total consideration of £1.295 billion. Initially announced in April 2025, Ageas confirmed that all necessary regulatory approvals have now been obta...
Posted: Sep 30, 2025
Markel Insurance, the insurance division of Markel Group Inc., has announced the appointment of Clarice Francis as Operations Manager for War and Terrorism. In this role, Francis will focus on enhancing operational efficiency within the Internatio...
Posted: Sep 30, 2025
Global specialty insurer and reinsurer SiriusPoint has agreed to sell its wholly owned supplemental health insurance program manager, ArmadaCare, to Ambac Financial Group for $250 million, while continuing its capacity partnership with Armada unti...
Posted: Sep 30, 2025
Lloyd’s, the world’s oldest insurance and reinsurance market for global risk, and Ireland’s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally. Thi...
Posted: Sep 30, 2025
It doesn’t take a financial adviser to tell you that, thus far, the economic environment of 2025 has been marked by a significant level of uncertainty. But what a financial adviser could tell you is that, as a result of …
Posted: Sep 30, 2025