All Posts
WalkerHughes Insurance, a privately held, founder-led retail insurance brokerage headquartered in Indianapolis, Indiana, is pleased to announce the addition of Apogee Insurance Solutions, LLC, a St. Peters, Missouri-based insurance agency, to its gro...
Posted: Jul 07, 2025
Seoul-based Korean Reinsurance Company’s subsidiary, Korean Reinsurance Switzerland AG (KRSA), has appointed Markus A. Eugster as an independent member of the Board of Directors, succeeding Reinhard Thoennissen, who has decided to step down. The a...
Posted: Jul 07, 2025
Insurtech wefox has secured funding of €151 million ($177.8 million), which will enable the company to build its core market positions in Austria, the Netherlands, and Switzerland as well as its asset-light managing general agent (MGA) and smart insu...
Posted: Jul 07, 2025
Flooding has caused an average of more than 125 deaths per year in the United States over the past few decades, according to the National Weather Service, and flash floods are the nation’s top storm-related killer. Here’s a look at …...
Posted: Jul 07, 2025
CRC Group has entered into a definitive agreement to acquire Atrium Underwriting Group, an underwriting business at Lloyd’s that manages Syndicate 609, from investment funds managed by Stone Point Capital LLC and other investors. Atrium, which wri...
Posted: Jul 07, 2025
Oracle RMS’s leadership team retains significant equity ownership and will continue to lead the business during its next phase of growth.
Posted: Jul 07, 2025
Capital from the Series A financing and grant funding will advance development of SYNT.
Posted: Jul 07, 2025
Both Ambac and Oaktree remain fully committed to closing the transaction.
Posted: Jul 07, 2025
Los Angeles was already struggling to revive its fragile economy after the most destructive wildfires in its history erupted six months ago. Now, immigration raids are driving workers crucial to the rebuilding into the shadows. Framers and landscaper...
Posted: Jul 07, 2025
Los Angeles was already struggling to revive its fragile economy after the most destructive wildfires in its history erupted six months ago. Now, immigration raids are driving workers crucial to the rebuilding into the shadows. Framers and landscaper...
Posted: Jul 07, 2025
High-cost treatments and shifting demographics reshape risk profiles for employers and insurers, QBE analysis finds. The post
Posted: Jul 07, 2025
The MEMIC Group, headquartered in Portland, Maine, promoted Karl Lagasse to vice president of business technology and hired Jason Ennis as director of architecture and innovation. Lagasse oversees the project management, software engineering, and qua...
Posted: Jul 07, 2025
Asta, the third-party managing agency at Lloyd’s, has confirmed that Lloyd’s has approved the transfer of the managing agency agreement for GIC Re’s Syndicate 1947, effective 1 July 2025, with the agreement covering both open and prior underwritin...
Posted: Jul 07, 2025
A wildfire on the central coast of California has grown to 84,080 acres, prompting evacuation orders and closing part of a highway. The Madre Fire, the biggest the state has seen this year, started on Wednesday and is burning in …
Posted: Jul 07, 2025
With over 40% of total ceded reserves for US life-annuity writers in 2024, Bermuda continues to be a “driving force” in offshore reinsurance, according to a recent report by AM Best. The report, titled “Bermuda Remains the Largest Offshore Life/An...
Posted: Jul 07, 2025
According to the MarketScout Market Barometer, the composite rate for U.S. personal lines increased in the second quarter to 4.6%. U.S. personal lines rose an average 4.9% during the firth quarter. Dallas-based MarketScout, a division of Novatae Risk...
Posted: Jul 07, 2025
A team of scientists from the University of Miami, the Florida Aquarium and Tela Marine in Honduras is working together to transplant crossbred coral fragments onto a reef off Miami’s coastline that was devastated by coral bleaching two years a...
Posted: Jul 07, 2025
White Mountains Insurance Group has agreed to acquire a majority stake in Distinguished Programs, an MGA and program administrator for specialty property & casualty insurance, for $230 million. White Mountains, which currently owns approximate...
Posted: Jul 07, 2025
MIAMI (AP) — Tropical Storm Chantal was downgraded to a depression Sunday but raised concerns of possible flash flooding as it makes its way through central North Carolina toward south-central Virginia. Chantal made landfall near Litchfield Beach, So...
Posted: Jul 07, 2025
Howden, the global insurance and reinsurance broking group, has partnered with specialist law firm Lawrence Stephens to launch the “first-of-its-kind” crypto theft insurance solution, which is combined with expert legal asset recovery services. Th...
Posted: Jul 07, 2025
Insurance broker Marsh USA is suing rival Alliant Insurance Services, this time for allegedly poaching key commercial surety employees and clients. New York-based Marsh is accusing California-based Alliant of inducing key commercial surety employees...
Posted: Jul 07, 2025
The number of Maryland auto insurance policies enrolled in a telematics program has been consistently growing, increasing by about 45% from 2021 to 2023. About 55% of the enrolled policies experienced an increase or decrease in premiums, according to...
Posted: Jul 07, 2025
The Insurance Development Forum (IDF) has welcomed Julian A.P. Enoizi, CEO of Guy Carpenter Europe and member of the Global Operating Committee, to its Steering Committee. Enoizi brings decades of leadership in the insurance and reinsurance sector...
Posted: Jul 07, 2025
Multiple small vessels attacked a ship in the Red Sea near Yemen’s Al Hudaydah port, causing a fire on board and prompting the crew to abandon ship before the Israel army carried out airstrikes on Houthi-controlled ports in Yemen. The …
Posted: Jul 07, 2025
The International Underwriting Association (IUA), which represents insurance and reinsurance companies in the London Market, has issued a response to the Financial Conduct Authority’s (FCA) latest proposals to simplify insurance conduct rules. Rep...
Posted: Jul 07, 2025
Before taking office last July, UK Chancellor of the Exchequer Rachel Reeves met business leaders over a series of breakfasts that became known as the smoked salmon and scrambled eggs offensive. British bosses were clamoring for change after 14 years...
Posted: Jul 07, 2025
K&R Swiss AG, part of independent reinsurance broker König & Reeker GmbH, has announced the appointment of Stephan Geiger as Director, Treaty Reinsurance, Switzerland. König & Reeker is an independent reinsurance broker offering a comp...
Posted: Jul 07, 2025
Europe and Asia Pacific have emerged as the leading regions for mergers and acquisitions (M&A) in the first half of 2025, according to new research from WTW, an advisory, broking, and solutions company. WTW’s Quarterly Deal Performance Monitor...
Posted: Jul 07, 2025
Louis Vuitton Korea suffered a cyberattack that compromised some customer data, the second time in recent months that hackers have targeted the world’s largest luxury group. The Korean unit of LVMH’s flagship brand said an “unauthor...
Posted: Jul 07, 2025
Before heading to bed before the Fourth of July holiday, Christopher Flowers checked the weather while staying at a friend’s house along the Guadalupe River. Nothing in the forecast alarmed him. Hours later, he was rushing to safety: He woke &#...
Posted: Jul 07, 2025
South Korean authorities ordered on Friday SK Telecom to strengthen data security and imposed a fine after the country’s biggest mobile carrier was hit by a cyberattack that caused the leak of 26.96 million pieces of user data. The measures ...
Posted: Jul 07, 2025
The regulatory approval process for Lloyd’s managing agents is being streamlined to reduce authorisation times, following an agreement between the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Society of Llo...
Posted: Jul 07, 2025
A power outage in large parts of the Czech Republic, including Prague, trapped people in public transport and lifts and idled factories on Friday after a fallen high-voltage cable disrupted the network. The incident is likely to add to concerns ̷...
Posted: Jul 07, 2025
Lloyd’s global insurer and reinsurer MS Amlin has appointed Nicola Harris as Head of Natural Resources, effective August 2025, reporting to Martin Burke, Chief Underwriting Officer (CUO), MS Amlin. The appointment reinforces the business’s c...
Posted: Jul 07, 2025
Bermuda-regulated investment manager, Members Capital Management (MembersCap), has completed an investment in its initial portfolio through the fund, MCM Fund I, the first tokenised institutional-grade reinsurance fund designed for sophisticated d...
Posted: Jul 07, 2025
Global reinsurer Hannover Re has announced the appointment of Ralf Boesemann as General Manager and Chief Executive Officer (CEO) of Hannover Re Services Italy S.r.l. (HS Ita). HS Ita serves clients across both Life & Health and Property &...
Posted: Jul 07, 2025
At least 81 people have been confirmed dead and 41 remain missing after flash floods devastated central Texas on Friday, with more storms expected in the region. The flash floods began Thursday night of last week and continued into Friday morning,...
Posted: Jul 07, 2025
According to the Thai General Insurance Association (TGIA), insurance claims stemming from the earthquake that struck Myanmar and impacted Thailand in March could total up to 50 billion baht (approximately $1.53 billion), with an estimated 150,000...
Posted: Jul 07, 2025
Energy expert James R. Pierce has been appointed Senior Advisor for EPIC Insurance Brokers & Consultants to support the company’s strategic growth and development of its Natural Resources practice. Pierce will work closely with leadership to e...
Posted: Jul 07, 2025
Heritage Insurance Holdings, Inc., a super-regional property and casualty insurance holding company, has announced that its insurance subsidiary, Zephyr Insurance Company, has entered into a partnership with the Hawaii Hurricane Relief Fund (HHRF)...
Posted: Jul 07, 2025
Lockton, a privately held insurance brokerage, has promoted Sarah Downey to US Professional and Executive Risk Leader, succeeding Devin Beresheim, who was appointed Lockton’s US Risk Solutions Leader earlier this year. In her new role, she w...
Posted: Jul 07, 2025
Reputation Risk Can Overshadow Ransom in Cyberattacks, Aon S...
Posted: Jul 07, 2025
PwC’s AI Chief Says Firm Has Cut Prices as Tech Saves Staff Time PricewaterhouseCoopers LLP, one of the...
Posted: Jul 07, 2025
Oracle Insurance Risk Management Services Inc., a commercial and personal lines insurance broker, has finalised a strategic investment from Boston-based private equity firm Abry Partners. This collaboration is a significant milestone for Ontario-d...
Posted: Jul 07, 2025
The Independent Insurance Agents & Brokers of America (Big “I”) last Thursday celebrated the passage of the “One Big Beautiful Bill.” “The Big ‘I’ would like to thank the U.S. Congress and President Trump...
Posted: Jul 07, 2025
Lululemon Athletica Inc. is accusing Costco Wholesale Corp. of copying its apparel designs in a lawsuit — and the upscale sportswear company shared images with the court to back up its case. Here’s a look at the specific products that …
Posted: Jul 07, 2025
Climate change is already having an impact on companies around the world. Over half of the firms surveyed in a recent Morgan Stanley report experienced the climate’s impact on operations within the past year, including increased costs, worker d...
Posted: Jul 07, 2025
What happens when an employer and its workers’ compensation insurer deny a claim, then face a wrongful death tort suit, then attempt to have the comp claim reinstated, going so far as to pay weekly wage amounts to the deceased …
Posted: Jul 07, 2025
A report submitted to the Washington State Legislature examines the state of the liability insurance market for adult family homes in Washington, finding the market to be largely sustainable—but it does provide suggestions for increasing the appeal o...
Posted: Jul 07, 2025
The Workers’ Compensation Insurance Rating Bureau of California named Eric Sanders senior vice president and chief customer operations officer. Sanders will oversee the WCIRB’s customer experience, marketing and communications, classifica...
Posted: Jul 07, 2025