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Sompo launches business development hub

coverager

Primarily focused on the Japanese market.

Posted: Aug 05, 2025

Thinking of Building Your Own Insurance Distribution Channel Data Integration? Read This First.

coverager

It hardly makes sense for organizations that have already invested significant time and money into developing their core technology to throw everything out and start anew.

Posted: Aug 05, 2025

USI acquires Rogers Insurance Center

coverager

Rogers Insurance Center is an independent brokerage firm specializing in commercial and personal risk insurance programs.

Posted: Aug 05, 2025

The Benecon Group names new chief commercial officer

coverager

Benecon provides self-funded medical benefit programs.

Posted: Aug 05, 2025

Neptune Flood surpasses 250,000 policies in force

coverager

According to Coverager’s MGA report, Neptune Flood saw a nearly 505% increase in disclosed premium from 2023 to 2024.

Posted: Aug 05, 2025

WTW reports flat revenue

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$2.3 billion in revenue for Q2 2025.

Posted: Aug 05, 2025

Lemonade reports Q2 results

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In-force premium was over $1 billion.

Posted: Aug 05, 2025

Qumis partners with NFP

coverager

The Chicago-based startup closed a $2.2 million pre-seed funding round earlier this year.

Posted: Aug 05, 2025

Third Point UK Investors Should Reject Reinsurance Deal, ISS Says

Insurance Journal

Shareholders of the UK investment trust run by Dan Loeb’s hedge fund Third Point should reject its plan to turn itself into a reinsurance company, according to ISS. In its recommendation ahead of an Aug. 14 vote, the proxy adviser …

Posted: Aug 05, 2025

Property cat ROEs ‘still very attractive’, rate declines not always across the board: Arch CEO

Reinsurance News

Bermuda headquartered insurance and reinsurance company, Arch Capital Group Ltd., expanded its property catastrophe reinsurance writings, particularly in Florida, during the second quarter of 2025, and Chief Executive Officer (CEO), Nicolas Papado...

Posted: Aug 05, 2025

Tesla, Musk Sued by Shareholders Over Robotaxi Claims

Insurance Journal

Elon Musk and Tesla were sued by shareholders who accused them of securities fraud for concealing the significant risk that the company’s self-driving vehicles, including the Robotaxi, were dangerous. The proposed class action was filed on Mond...

Posted: Aug 05, 2025

Predict & Prevent® Podcast Episode 21: Hurricane Data Validates Resilient Building Standard

Risk & Insurance

New research from the University of Alabama finds that FORTIFIED construction standards not only protect homes during major storms but also deliver financial benefits to property owners. The post

Posted: Aug 05, 2025

Gallagher Re hires Lockton Re’s Apostolides as Head of Casualty, NA

Reinsurance News

Global reinsurance broker Gallagher Re has announced the appointment of Emily Apostolides as Head of Casualty, North America (NA). Apostolides has extensive experience in the Property and Casualty (P&C) treaty space, specialising in specialty...

Posted: Aug 05, 2025

Captive Insurers Save Owners Billions Even As Hard Market Abates

Risk & Insurance

Captives and alternative risk entities rated by AM Best outperform commercial market while formation pace moderates. The post

Posted: Aug 05, 2025

Michigan Financial Advisor Charged With Insurance Fraud

Insurance Journal

A Michigan financial advisor was charged with four counts of insurance fraud, each a four-year felony, Attorney General Dana Nessel announced last week. Todd Bernstein, 67, of Birmingham, was arraigned on July 30 before Magistrate Julie Nelson-Klein...

Posted: Aug 05, 2025

Companies Spending Record Amounts to Protect Executives as Threats Rise

Insurance Journal

U.S. companies are spending record amounts to keep their executives safe in response to rising threats and the killings of two high-profile corporate officials in separate attacks in Manhattan over the last eight months. Corporations have doubled the...

Posted: Aug 05, 2025

Mayo Clinic Sued for Allegedly Forcing Security Guard to Get Vaccination

Insurance Journal

The Mayo Clinic violated federal law when it refused to grant a security guard’s request for a reasonable religious accommodation to its mandatory COVID-19 vaccination policy, and instead threatened to fire the employee, effectively forcing him...

Posted: Aug 05, 2025

Ladner Named Recipient of ICT’s Raymond Mauk Leadership Award

Insurance Journal

The Insurance Council of Texas (ICT) has named Gerald F. Ladner as the 2025 recipient of the Raymond Mauk Leadership Award. The award will be presented Sept. 17 during the ICT Property & Casualty Insurance Symposium in Austin. Established in &#82...

Posted: Aug 05, 2025

Hacked Columbia University Data Includes Banking Numbers, GPAs

Insurance Journal

The financial information and academic performance of Columbia University students and alumni were stolen in a recent breach, according to a Bloomberg News review of some of the pilfered data. The data includes bank account and routing numbers, stude...

Posted: Aug 05, 2025

Neptune Flood exceeds 250,000 policies in force

Reinsurance News

Neptune Flood, a private flood insurance provider in the US, has announced that it has surpassed 250,000 policies in force, reinforcing its position in the private flood insurance market and highlighting continued adoption of its approach to flood...

Posted: Aug 05, 2025

Food Relief, THC Regulation in Limbo After House Democrats Flee Texas

Insurance Journal

After dozens of Democratic Texas House members fled the state on Sunday to deny Republicans the quorum they need to pass new congressional maps aimed at securing more GOP seats, many other bills are now at risk of dying. State …

Posted: Aug 05, 2025

Flood Relief, THC Regulation in Limbo After House Democrats Leave Texas

Insurance Journal

After dozens of Democratic Texas House members fled the state on Sunday to deny Republicans the quorum they need to pass new congressional maps aimed at securing more GOP seats, many other bills are now at risk of dying. State …

Posted: Aug 05, 2025

Forceful Arrest of Student Shows Benefits of Recording Police Actions

Insurance Journal

A video that captured the brutal arrest of a Black college student pulled from his car and beaten by officers in Florida has led to an investigation and calls for motorists to consider protecting themselves by placing a camera inside …

Posted: Aug 05, 2025

Amwins appoints Bob Black National Property Practice Leader

Reinsurance News

Amwins, a distributor of specialty insurance products and services, has announced the appointment of Bob Black as National Property Practice Leader. Black, who has been with the company for over two decades, will be joining Harry Tucker and Jessic...

Posted: Aug 05, 2025

Third Child Dies a Week After Barge-Sailboat Crash in Miami

Insurance Journal

MIAMI (AP) — The U.S. Coast Guard says a third child has died nearly a week after a barge struck and sank a boat during a sailing camp near Miami. All six people on the sailboat were pulled from the …

Posted: Aug 05, 2025

BlueOrchard-managed private equity fund invests in Previsico

Reinsurance News

The InsuResilience Investment Fund Private Equity II (IIF II), managed by BlueOrchard Finance Limited, has completed a strategic growth investment in flood intelligence platform Previsico. The investment is reportedly part of a new funding round w...

Posted: Aug 05, 2025

Florida Judge Blocks State Agency for Citizens Claims Disputes, But Insurer Appeals

Insurance Journal

A Florida judge temporarily halted Florida’s Citizens Property Insurance Corp. from sending claims disputes to a state arbitration agency, but a notice of appeal by Citizens automatically suspended the judge’s order. Hillsborough County C...

Posted: Aug 05, 2025

Amphitrite repurchases Arch’s minority shareholding

Reinsurance News

Amphitrite Underwriting London, a marine hull specialist managing general agent (MGA), has bought back Arch’s minority shareholding in the company, transitioning to full independence. Amphitrite was founded in 2018, and with strategic seed investm...

Posted: Aug 05, 2025

Lemonade Posts Another Quarterly Loss but Car Growth Continues

Insurance Journal

Insurtech Lemonade reported a second quarter 2025 net loss of about $44 million compared with a loss of $57.2 million a year ago during the same time. Though still a loss, it was a 23% improvement from the prior year, …

Posted: Aug 05, 2025

Westfield Specialty appoints Jeff Circuit as Head of US A&H Reinsurance

Reinsurance News

Westfield Specialty, a global specialty insurance carrier, has announced the appointment of Jeff Circuit as Head of U.S. Accident & Health (A&H) Reinsurance. In this role, Circuit will lead the growth of Westfield Specialty’s newly launche...

Posted: Aug 05, 2025

California Wildfire Burns 72,460 Acres, Threatens Hundreds of Structures

Insurance Journal

A wildfire in California that covers two counties, and prompted evacuation orders and threatened hundreds of structures, has grown to 72,460 acres. The fire is threatening more than 870 structures, according to CalFire. At least three people have bee...

Posted: Aug 05, 2025

People Moves: Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End; Aon Promotes L...

Insurance Journal

This edition of International People Moves details appointments at Berkley Re UK and Aon. A summary of these new hires follows here. Berkley Re UK Names Ashley as President, Succeeding Himmer at Year-End W. R. Berkley Corp. announced the appointment...

Posted: Aug 05, 2025

Lemonade’s net loss narrows in Q2’25 as in-force premiums rise 29% YoY

Reinsurance News

Lemonade reported a net loss of $43.9 million for the second quarter of 2025, an improvement from the $57.2 million loss in the same quarter a year earlier, primarily driven by higher revenue, partially offset by increased growth spending. In forc...

Posted: Aug 05, 2025

Berenberg highlights potential for increased M&A activity among reinsurers amid slowing growth

Reinsurance News

Berenberg, a European investment bank and asset manager, has noted that mergers and acquisitions (M&A) could become increasingly appealing to large reinsurers. This comes amid expectations that organic growth may slow due to rising competition...

Posted: Aug 05, 2025

Rotten Wood, Poor inspections Led to Deadly Maine Schooner Mast Collapse

Insurance Journal

Rotten wood and poor inspections appear to have played roles in the collapse of the mast of a historic Maine schooner in an accident that killed one person and injured several others, the U.S. Coast Guard said in a report …

Posted: Aug 05, 2025

Grupo ilao strengthens presence in Colombia with 21 brokerage acquisitions

Reinsurance News

Chariot & Castle Seguros, a property and casualty insurance brokerage operating in Colombia under the name Grupo ilao, has announced the successful acquisition of 21 insurance brokerages across seven Colombian cities over the past two years. T...

Posted: Aug 05, 2025

Moody’s upgrades outlook on ASR Re to positive, affirms Baa1 rating

Reinsurance News

Credit rating agency Moody’s Ratings has upgraded the outlook on ASR Re Limited’s Baa1 insurance financial strength rating from stable to positive; ASR Re, a Bermuda-based reinsurer, operates as part of Africa Specialty Risks (ASR), a group provid...

Posted: Aug 05, 2025

Business Moves: Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas; UIB Inter...

Insurance Journal

Private Equity Firm J.C. Flowers Acquires Italian Insurance Broker Caleas J.C. Flowers & Co. (JCF), a private equity investment firm that focuses on financial services investments, announced that investment vehicles affiliated with JCF — JC...

Posted: Aug 05, 2025

Four Gabriel House Residents Sue Over Assisted Living Facility’s Deadly Fire

Insurance Journal

Two lawsuits have been filed over the tragic fire at a Fall River, Massachusetts assisted living facility that took the lives of 10 residents and injured 30 others on July 13, making it the state’s deadliest residential fire in decades. …

Posted: Aug 05, 2025

hx unveils Portfolio Intelligence, as it aims to become the key pricing & underwriting platform for...

Reinsurance News

Off the brink of hyperexponential (hx) announcing the launch of a new core product offering, Platform Intelligence, Reinsurance News spoke with Jamie Wilson, Vice President of Growth at hx, about the company’s new product and what key benefits it&...

Posted: Aug 05, 2025

Aon appoints Jo Ann Jenkins to its Board of Directors

Reinsurance News

Aon, a global insurance and reinsurance broker, has announced the appointment of Jo Ann Jenkins to its Board of Directors, effective August 15th, 2025. Jenkins most recently served as CEO of AARP, a nonprofit, nonpartisan membership organisation d...

Posted: Aug 05, 2025

Progressive fortifies cat reinsurance program in Q2’25

Reinsurance News

US insurer Progressive has announced the successful renewal of its catastrophe reinsurance arrangements in the second quarter of 2025, reinforcing its protection against significant weather events. The renewed programs, which address the company’s...

Posted: Aug 05, 2025

Lloyd’s hires Stephane Flaquet from Hiscox as Chief Operating Officer

Reinsurance News

Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has named Stephane Flaquet as its new Chief Operating Officer (COO), signalling the end of his 15-year tenure at global re/insurer Hiscox. Flaquet joins Lloyd’s o...

Posted: Aug 05, 2025