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Global reinsurance and insurance broker Aon has strengthened its Korean team with three senior appointments, including Tom Greenaway as Asia Strategic Growth Leader for Reinsurance. Greenaway has served as a Reinsurance Treaty Broker at Aon since...
Posted: Jul 07, 2025
The pilot of a skydiving team encountered mechanical issues that prompted an emergency landing at a small New Jersey airport but could not get the plane stopped at the end of the runway, the company said in a statement Thursday. …
Posted: Jul 07, 2025
Before dawn Friday morning, city manager Dalton Rice went for a jog along the Guadalupe River in Kerrville, Texas. He finished his run around 4 a.m. as a light rain set in. An hour later, he began receiving emergency calls: …
Posted: Jul 06, 2025
As AI adoption accelerates in workers’ comp, claims executives face a pivotal challenge: how to harness its potential without sacrificing empathy or outcomes. On August 6 at 2 p.m., join a panel of industry leaders as they unpack real-world use ca...
Posted: Jul 06, 2025
By Andrew G. Simpson The state-created captive insurer handling Connecticut homeowners’ claims for crumbling foundations is in line for another $100 million in bond funding in the biennial budget now awaiting Gov. Ned Lamont’s approval. L...
Posted: Jul 06, 2025
By Chad Hemenway A proposed decade-long moratorium on state regulation of artificial intelligence has gained the attention of many, including those within the insurance industry. The 10-year prohibition of AI regulation is contained within the sweepi...
Posted: Jul 06, 2025
When was the last time you watched someone’s eyes light up when you mentioned policy exclusions, aggregate limits, or automated underwriting? Here’s the thing–insurance is fundamentally about stories. Every policy represents a narra...
Posted: Jul 06, 2025
In an era where billion-dollar disasters are becoming the norm, one truth stands above the wreckage: strong building codes save buildings–and lives. Yet despite mounting risks, the U.S. remains caught in a paradox. We have the knowledge and too...
Posted: Jul 06, 2025
Insurance professional across the country know how to adapt. From rising catastrophic weather events to shifting carrier appetites and increased regulatory and legal complexity, today’s market is putting more pressure–and more work–...
Posted: Jul 06, 2025
Changing careers ranks right up there with some of life’s biggest decisions–it’s not something people take lightly. Every year, my team connects with thousands of insurance professionals who are exploring the job market. While every...
Posted: Jul 06, 2025
U.S. homeowners insurance rates rose 40.4% over the past six years, with the biggest increases hitting in the last two years, a new report shows. LendingTree’s 2025 State of Home Insurance Report shows rates from 2019 through 2021 remained stab...
Posted: Jul 06, 2025
By Andrea Wells Renewable energy is growing in the U.S. In fact, wind and solar energy generated more electricity in the U.S. than coal for the first time ever in 2024. Growth extends far beyond wind and solar, renewable energy …
Posted: Jul 06, 2025
Grid stability and system strength have become major issues around the world. At press time, New York is in the midst of rolling blackouts. Blistering heat is straining power grids across the eastern half of the U.S., leading to a …
Posted: Jul 06, 2025
Every once in a while, I believe revisiting fundamental industry principles is beneficial. One such essential principle is diversity, especially for insurance carriers. “Diversity” in this case has nothing to do with race, religion, or po...
Posted: Jul 06, 2025
One of the things I love about the insurance business is that anyone–regardless of where they start–can build a meaningful, lifelong career. I am proof of that. In our industry, your ability to reach your potential is a function of …...
Posted: Jul 06, 2025
By Ezra Amacher A Michigan lawmaker has proposed legislation that would mandate auto insurance premium reductions of at least 10% on any new or renewed policy, a bill that the American Property Casualty Insurance Association (APCIA) says would destab...
Posted: Jul 06, 2025
Crane Venture Partners will manage MassMutual Ventures’ $450 million funds in Europe and Asia-Pacific under a new agreement.
Posted: Jul 06, 2025
Laura Meade will oversee broker engagement and growth initiatives across the Central region for MSIG USA.
Posted: Jul 06, 2025
Assaf Wand offloaded 49k shares for $1.23 million, with a potential liquidation of 500k more shares still to come.
Posted: Jul 06, 2025
The startup is a team of 10 competing with CarbonPool and Kita
Posted: Jul 05, 2025
Stretch has seen several changes over its ~5-year journey.
Posted: Jul 04, 2025
As reinsurance rates continued to soften at the mid-year renewals, the return on equity (ROE) for full year 2025 is expected to decline from 2024, although remain above the cost of equity and at a higher level than during the most recent soft mark...
Posted: Jul 04, 2025
The Natural Disaster Fund (NDF), a public-private partnership managed by Global Parametrics, a CelsiusPro Group company, has gathered increased recognition for its innovative approach to provisioning parametric risk transfer coverage in fragile st...
Posted: Jul 04, 2025
Atradius, a global provider of credit insurance, bond and surety, collections and information services, has announced changes to the composition of its Management Board and the distribution of responsibilities. Andreas Tesch, currently Chief Marke...
Posted: Jul 04, 2025
U.S. property and casualty (P&C) insurers, particularly those exposed to long-tail casualty lines, are continuing to take proactive steps to address profitability challenges by refining underwriting strategies and enhancing claims management p...
Posted: Jul 04, 2025
AM Best expects the direct impacts of the recent military action in the Middle East on the insurance industry to be largely limited by war exclusions and narrowly defined policy triggers. In its recent report, AM Best noted that there has been no...
Posted: Jul 04, 2025
Pan-African reinsurer Continental Reinsurance has announced the appointment of Grace Wanja as Head of Underwriting for its Nairobi subsidiary. Wanja brings nearly 15 years of experience in the re/insurance industry. She joined Continental Re in Oc...
Posted: Jul 04, 2025
As wildfire risk continues to rise, portfolio managers need advanced analytics that not only identify property-specific risk but also integrate these insights across the insurance value chain to build greater resiliency, according to a recent repo...
Posted: Jul 04, 2025
The UK insurance market remained unchanged and buyer-friendly so far in 2025, with continued softening across most lines, though insurance buyers should remain mindful of broader global uncertainty and volatility that could impact the industry, ac...
Posted: Jul 04, 2025
Specialty MGA Africa and Middle East, the managing general agent providing additional capacity for specialty lines of business, has appointed Mohammed Rabie as Senior Underwriter for Property and Engineering, based in its Casablanca office. In his...
Posted: Jul 04, 2025
A $7.9 million drought insurance payout from the World Food Programme is providing relief to vulnerable, conflict-affected communities in Syria, which are now facing the worst drought in 50 years. As Reinsurance New understands, the policy covers...
Posted: Jul 04, 2025
Markel Insurance, the insurance arm of Markel Group Inc., has announced the appointment of Jasminder Kaur as Principal Officer – Malaysia. Kaur will report to Kevin Leung, Chief Underwriting Officer – Asia Pacific at Markel. In her new role, she w...
Posted: Jul 04, 2025
US primary insurer The Allstate Corporation has completed the previously announced sale of its Group Health business to Nationwide for $1.25 billion, with the transaction closing per the terms of the agreement executed on January 30th, 2025. Natio...
Posted: Jul 04, 2025
Insurance Business Magazine - US
Posted: Jul 04, 2025
Willis, a WTW business, has announced the appointment of Daphne Duan Wheal as Director of Strategic Risk Consulting (SRC) for Asia. Based in Singapore, Daphne will lead the SRC practice across the region—a core component of Willis’ Engineering, Ri...
Posted: Jul 04, 2025
Previsico, the actionable flood warning insurtech, has called for collaboration between insurers, government, and industry to tackle the growing threat of extreme flooding globally during the London Climate Action Week, which took place last month...
Posted: Jul 04, 2025
Beazley Report: U.S. Executives Misjudge Cyber Preparedn...
Posted: Jul 03, 2025
Philadelphia Insurance Is Back Up and Running After Network O...
Posted: Jul 03, 2025
Report Says Heathrow Fire Caused by Preventable Technical Fault Known for Years An electrical substatio...
Posted: Jul 03, 2025
Tesla Fails to Quash Florida Lawsuit Over Fatal Model S Crash Tesla failed to persuade a federal judge...
Posted: Jul 03, 2025
Vendor Issues Top Cause of Wedding Insurance Claims in 2024: Travelers As peak wedding...
Posted: Jul 03, 2025
Reinsurance Renewal Prices Moderate as Capacity Exceeds Cedent Demand: Broke...
Posted: Jul 03, 2025
A fire that shut London’s Heathrow airport in March, stranding thousands of people, was caused by the UK power grid’s failure to maintain an electricity substation, an official report said on Wednesday, prompting the energy watchdog to op...
Posted: Jul 03, 2025