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Insurance Business Magazine - US
Posted: Aug 06, 2025
Insurance Business Magazine - US
Posted: Aug 06, 2025
Heritage Insurance has reported Q2 2025 net income of $48 million, up from $18.9 million in the prior year quarter, primarily driven by a reduction in losses and loss adjustment expenses and a reduction in other operating expenses, with an increas...
Posted: Aug 06, 2025
WTW, an advisory and broking firm, is working with UK-based health data analytics company Klarity to test whether wearable technology can improve how life insurers assess and price individual risk. Current life insurance underwriting methods typic...
Posted: Aug 06, 2025
UIB International Ltd, the holding company for the UIB Group’s global investments, has announced the sale of its minority shareholding in UIB Insurance Brokers (India) Private Ltd (UIB India) to Edme Services Private Ltd, an affiliate of Samara Ca...
Posted: Aug 06, 2025
Corebridge Financial, an American multinational financial services company, has announced its financial results for the first quarter of 2025, reporting an adjusted pre-tax operating income (APTOI) of $942 million despite a net loss of $660 millio...
Posted: Aug 06, 2025
Optio Group, a specialty managing general agent (MGA), has completed its acquisition of the Luxembourg-based MGA Circles Group (Circles). The transaction, initially announced in October 2024, reportedly marks Optio’s largest acquisition in Europe...
Posted: Aug 06, 2025
GREENWOOD VILLAGE, Colo., Aug. 6, 2025 — Mile High Markets, a specialty commercial auto program administered by Arrowhead General Insurance Agency, Inc. and supported by Arrowhead Programs, is marking 40 years of continuous service in the rental vehi...
Posted: Aug 06, 2025
New Physical Damage coverage now available in Pennsylvania, Ohio, New Jersey, Illinois, California, and Texas; Georgia, Florida, and additional states to follow. Warminster, PA., August 5, 2025 — Reliable Transportation Association (RTA) is a p...
Posted: Aug 06, 2025
Lancashire has reported insurance revenue of $930.1 million for the first half of 2025, an increase of $76 million, or 8.9%, compared to the same period in 2024. Of that total, the reinsurance segment contributed $450.6 million, while the insuranc...
Posted: Aug 06, 2025
Howden Re, the global reinsurance broking arm of Howden Group, has received a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC), with Julian Samengo-Turner a...
Posted: Aug 06, 2025
Howden Re, the global reinsurance brokerage arm of Howden Group, announced it has secured a full reinsurance license from the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre, the leading global financial...
Posted: Aug 06, 2025
This post is part of a series sponsored by Old Republic Surety. Antarctica is one of the most remote and isolated places on Earth. As the coldest and windiest continent on the planet according to the United States Antarctic Program, …
Posted: Aug 06, 2025
The Swiss Re Institute has revealed that global insured losses from natural catastrophes hit $80 billion in H1 2025, which is almost double the 10-year average and more than half of the firm’s projected full-year figure of $150 billion. Acco...
Posted: Aug 06, 2025
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced the acquisition of Australia-based MACK Insurance Services. Terms of the transaction were not disclosed. MACK Insurance Services is a commercial insurance broker with a...
Posted: Aug 06, 2025
Rothesay, a pensions insurance specialist, has completed a £900m buy-in with the National Grid UK Pension Scheme in July 2025, securing the benefits of 7,130 pensioners and their dependents. The transaction brings the total value of the Scheme’s d...
Posted: Aug 06, 2025
UK businesses are turning to the self-employed in an effort to rein in costs as they try to navigate Chancellor of the Exchequer Rachel Reeves’ £26 billion ($34.5 billion) payroll tax hike. Advertised contract jobs have risen 22% since April, &...
Posted: Aug 06, 2025
Nexus Underwriting, a Brown & Brown group subsidiary, has appointed Eamonn Long as Chief Underwriting Officer (CUO) for its Alternative Risk Transfer (ART) business. In his new role, Long supports and grows Nexus’s service in ART, translating...
Posted: Aug 06, 2025
Hiscox Re & ILS, which comprises the global insurer’s reinsurance businesses in London and Bermuda and insurance-linked securities (ILS) activity, posted a 7% rise in insurance contract written premium (ICWP) for the first half of 2025 t...
Posted: Aug 06, 2025
Bermuda-based reinsurer PartnerRe has reported net income of $493 million for the first half of 2025, up on the prior year’s $362 million by 36% despite the non-life segment falling to an underwriting loss as a result of the January Californ...
Posted: Aug 06, 2025
According to a recent report from AM Best, a credit rating agency, the bond portfolio yield for the US life/annuity (L/A) insurance industry rose to its highest point in ten years in 2024, increasing by 22 basis points to 4.79%. However, AM Best n...
Posted: Aug 06, 2025
Tysers, an independent Lloyd’s insurance broker and part of the Australian AUB Group, has announced the appointment of Desmond Cheok as Associate Director, Property & Casualty (P&C), in Singapore. In his new role, Cheok will report to Tim...
Posted: Aug 06, 2025
A newly released decade-long study by the Workers’ Compensation Research Institute (WCRI) indicates that claims initiated by nurse practitioners and physician assistants didn’t lead to negative outcomes and suggested some benefits when co...
Posted: Aug 06, 2025
President Donald Trump’s administration proposed a rule to allow more commercial drones to fly beyond an operator’s visual line of sight, a potential boon for companies such as Alphabet Inc.’s Wing unit and Walmart Inc. pushing to d...
Posted: Aug 06, 2025
J.C. Flowers & Co. (JCF), a private investment firm dedicated to investing in the financial services industry, has announced that investment vehicles affiliated with JCF (JCF Funds) have acquired Caleas Srl, a Milan-based insurance brokerage....
Posted: Aug 06, 2025
AIG could pay dearly for refusing to budge on a claim settlement offer of $2.65 million for nearly a year after receiving estimates that a jury would likely award the claimant $7.5 million for her injuries. A jury did eventually …
Posted: Aug 06, 2025
The Future of AI-Driven Risk Mitigation Predict & Prevent
Posted: Aug 05, 2025
Insurers Need Better Supplier Access Management Cyber
Posted: Aug 05, 2025
Actuarial Transformation Hinges On Human Elements Underwriting
Posted: Aug 05, 2025
How Insurtechs Must Build Ethical AI AI & Machine Learning
Posted: Aug 05, 2025
International Broking: Beyond the Transactional View Agent & Broker
Posted: Aug 05, 2025
Grasshopper is a digital bank focused on business and affinity banking.
Posted: Aug 05, 2025
The new telematics program aims to reduce crash risk and improve roadside response in South Korea.
Posted: Aug 05, 2025
The deal expands Hiscox USA’s small business reach and broker technology capabilities.
Posted: Aug 05, 2025
The new solution streamlines rating, quoting, and policy workflows for P&C insurers in EMEA and APAC.
Posted: Aug 05, 2025
The vendors’ integration links digital payments to core systems, enhancing insurer workflows.
Posted: Aug 05, 2025
P&C Insurance Has a Payments Problem... Customer Experience
Posted: Aug 05, 2025
Parrish Named CEO of Howden U.S., Is Sued by Former Employer Marsh Mike Parri...
Posted: Aug 05, 2025
United Risk Acquires Verita CSG From WTW; Rebrands as Verist With Chang as CEO United Risk has acquired spec...
Posted: Aug 05, 2025
Bayer Adds $1.37 Billion to Reserves for Ongoing Roundup Litigation German pha...
Posted: Aug 05, 2025
515-Mile Swath of Lightning Ca...
Posted: Aug 05, 2025
Workplace Satisfaction Survey Finds Finances Continue to Stress US Workers Financial str...
Posted: Aug 05, 2025
U.S. to Ease Long-Range Drone Rules in Boon for Walmart, Alphabet President Donald Trump's administratio...
Posted: Aug 05, 2025
Discover how implementing Demand Package Review helped them reduce settlement cycle times, minimize legal escalations, and improve settlement accuracy. The post
Posted: Aug 05, 2025
Written premium in the first quarter was 4% lower than the same period in 2024, extending a trend in which written premiums in calendar years 2022 through 2024 remained relatively stable compared to large swings during the pandemic, a new …
Posted: Aug 05, 2025
Insurance Business Magazine - US
Posted: Aug 05, 2025