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Bishop Street enters personal aviation insurance market with AIM’s acquisition

Reinsurance News

Bishop Street Underwriters, a RedBird Capital Partners portfolio company, has acquired Aerospace Insurance Managers (AIM), a general aviation insurance services provider, from Hallmark Financial, in an undisclosed transaction. This acquisition mar...

Posted: Jul 03, 2025

Mount Everest’s Trash-Covered Slopes Are Being Cleaned by Drones

Insurance Journal

Human waste, empty oxygen cylinders, kitchen leftovers and discarded ladders. Sherpas working on Mount Everest carry all that and more — 20 kilograms (44 pounds) per person — navigating a four-hour hike that traverses crumbling glacial ice and treach...

Posted: Jul 03, 2025

Hannover Re appoints Steven Hardy as Head of L&H Ireland & Canada

Reinsurance News

Global reinsurer Hannover Re has announced the appointment of Steven Hardy as Head of Life & Health (L&H) Ireland & Canada. In this role, Hardy will be based at Hannover Re’s Dublin subsidiary, which plays a key role in advancing the c...

Posted: Jul 03, 2025

Resolution Life boosts capital position with $750m Tier 2 listed debt issuance

Reinsurance News

Global life insurance group Resolution Life has completed a $750 million Tier 2 listed debt issuance, attracting strong investor demand with a peak order book surpassing $3.25 billion. According to the firm, which specialises in reinsurance and th...

Posted: Jul 03, 2025

Triple-I appoints Patrick Schmid as Chief Insurance Officer

Reinsurance News

The Insurance Information Institute (Triple-I) has announced the appointment of Patrick Schmid as Chief Insurance Officer, effective July 11, 2025. Schmid will also lead the organisation’s Catastrophe Resiliency Council and the Insurance Research...

Posted: Jul 03, 2025

Howden Re launches Hong Kong operation led by Roy Wong

Reinsurance News

Howden Re, the global reinsurance, capital markets and strategic advisory arm of Howden, has launched a Hong Kong-focused reinsurance broking platform, with Roy Wong appointed as Managing Director, Reinsurance, Hong Kong, effective July 21st, 2025...

Posted: Jul 03, 2025

Relation Insurance acquires entertainment specialist Albert G. Ruben

Reinsurance News

Relation Insurance Services (Relation), an insurance brokerage firm, has announced its acquisition of Albert G. Ruben, a pioneer in Hollywood and the global entertainment industry known for delivering specialised insurance services to major film s...

Posted: Jul 03, 2025

People Moves: Liberty GTS Names Weiss Head of Americas; Arch Insurance NA Taps Kaufmann for US Marin...

Insurance Journal

Liberty GTS Names Weiss Head of Americas Liberty Global Transaction Solutions (GTS), part of Liberty Mutual Insurance headquartered in London, promoted Hilary Weiss to head of Americas. Weiss joined Liberty Mutual in 2018 as associate vice president,...

Posted: Jul 03, 2025

Jonathan Zhao named EY Global Insurance Leader

Reinsurance News

Jonathan Zhao has been promoted to Global Insurance Leader at EY, taking over the role from Isabelle Santenac, who had been leading the practice for the past six years. Zhao, who has been with the company for nearly 25 years, will now oversee a te...

Posted: Jul 03, 2025

Diesta and INSHUR partner to automate payment operations and drive growth

Reinsurance News

Diesta, the insurance payment reconciliation and distribution specialist, has partnered with INSHUR, a global provider of insurance solutions for the on-demand economy, to automate payment operations and support INSHUR’s next phase of growth. Thro...

Posted: Jul 03, 2025

Insurers Race to the Starting Line in the Dawn of the AI Decision Era

Insurance Journal

Embracing artificial intelligence in insurance is a race, but one that experts describe as a race to the starting rather than the finish line. “I think this is sort of a race to the starting line,” said Indico Data CEO …

Posted: Jul 03, 2025

Only Carrier or Comp Judge Can Determine Compensability, Fla. Appeals Court Says

Insurance Journal

An employee cannot file a tort lawsuit against her employer until after it has been determined that she is not eligible for a workers’ compensation claim. And that compensability determination can only be made by an insurer or a compensation &#...

Posted: Jul 03, 2025

Kraft Heinz Recalls Oscar Mayer Turkey Bacon Over Listeria Risk

Insurance Journal

Packaged food maker Kraft Heinz is recalling about 367,812 pounds of Oscar Mayer turkey bacon following concerns that the products may be contaminated with Listeria bacteria, the U.S. food safety regulator said on Wednesday. The recall will affect va...

Posted: Jul 03, 2025

Carrick Holdings welcomes Armin De Weerdt as AVP, Finance

Reinsurance News

Carrick Group Limited, a Bermuda-based international non-life legacy insurer, has announced the appointment of Armin De Weerdt as Assistant Vice President (AVP), Finance. De Weerdt is joining Carrick from Pillar Capital Management Limited, a Bermu...

Posted: Jul 03, 2025

Claim Counts Down, Losses up for California Workers’ Comp Private Self-Insureds

Insurance Journal

California’s private self-insured employers reported 7.4% fewer workers’ compensation claims in 2024 than in 2023, pushing private self-insured claim frequency to a four-year low, a new report shows. However, for the second straight year,...

Posted: Jul 03, 2025

California Insurance Commissioner Appoints Members to New Smoke Claims and Remediation Task Force

Insurance Journal

California Insurance Commissioner Ricardo Lara has appointed members to his new Smoke Claims and Remediation Task Force, as part of his response to issues over smoke damage caused by wildfires across the state, including the handling of smoke damage...

Posted: Jul 03, 2025

California Appoints Members to New Smoke Claims and Remediation Task Force

Insurance Journal

California Insurance Commissioner Ricardo Lara has appointed members to his new Smoke Claims and Remediation Task Force, as part of his response to issues over smoke damage caused by wildfires across the state, including the handling of smoke damage...

Posted: Jul 03, 2025

Poland’s Insurance Technology Expert Sets Sights on the U.S. Market

IIR

Sollers Consulting leverages European market experience, insurance specialization, and global partnerships as it expands services and ambitions in North America.

Posted: Jul 02, 2025

Allianz Commercial Unveils Climate Risk Assessment Platform

IIR

CAReS models physical climate risks through 2080 and offers tailored consulting to help businesses manage exposures.

Posted: Jul 02, 2025

Coventry Surpasses $6 Billion Delivered to Life Insurance Policyowners

Insurance Forums

Life settlements pioneer Coventry recently announced that it has paid more than $6 billion to … Read more

Posted: Jul 02, 2025

Wall Street Backs LA Wildfire Lawsuits, Chasing Billions

Carrier Management

Wall Street Backs LA Wildfire Lawsuits, Chasing Billions The Los Angele...

Posted: Jul 02, 2025

NOAA Delays Cutoff of Key Satellite Data for Hurricane Forecasting

Carrier Management

NOAA Delays Cutoff of Key Satellite Data for Hurricane Forecasting The National Oceanic and Atmospheric...

Posted: Jul 02, 2025

New Study Suggests Vehicle Blind Spots Are Getting Worse

Carrier Management

New Study Suggests Vehicle Blind Spots Are Getting Worse Forward blind zones of six top-selli...

Posted: Jul 02, 2025

Washington Commissioner Convenes Advisory Board to Eye Insurer AI Use

Insurance Journal

Washington Insurance Commissioner Patty Kuderer convened her first Artificial Intelligence Advisory Board meeting in Seattle this week to look at the insurance industry’s use of AI and to get recommendations on policy development, regulatory ov...

Posted: Jul 02, 2025

Chariot Re launches

coverager

The company is co-sponsored by MetLife and General Atlantic.

Posted: Jul 02, 2025

Savvy Wealth raises $72 million

coverager

Savvy will use the funding to accelerate its core technology offering.

Posted: Jul 02, 2025

Compliance Q&A with Patrick Masi

coverager

Why compliance is at the core of integrated distribution management technology

Posted: Jul 02, 2025

Howden acquires majority stake in Japanese retailer Holos

coverager

Holos is a privately-owned retail insurance broker employing over 400 people across 20 locations in Japan.

Posted: Jul 02, 2025

Arch establishes US marine business

coverager

Kaufmann will be responsible for establishing Arch’s US Marine product offerings.

Posted: Jul 02, 2025

Leaf Insurance raises €1.74 million

coverager

Leaf is a Danish insurance broker.

Posted: Jul 02, 2025

$3.8M in BOP premium up for grabs starting 2026

coverager

A single federal framework would have enabled insurance carriers to deploy AI systems under a uniform set of compliance standards. Instead, they now face a complex patchwork of laws from more than fifty jurisdictions.

Posted: Jul 02, 2025

Nina Simons Appointed Global Head of MidCorp Underwriting at Allianz Commercial

Risk & Insurance

The latest people news in the industry today. The post Nina Simons Appointed Global Head of MidCorp Underwriting at Alli...

Posted: Jul 02, 2025

US Probes Ex-Ransom Negotiator Accused of Scheming With Hackers

Insurance Journal

Law enforcement officials are investigating a former employee of a company that negotiates with hackers and facilitates cryptocurrency payments during ransomware attacks, according to a statement from the firm, DigitalMint. DigitalMint President Marc...

Posted: Jul 02, 2025

Emily Nagel Appointed Vice President, Senior Director of Operations at CAC Group

Risk & Insurance

The latest people news in the industry today. The post Emily Nagel Appointed Vice President, Senior Director of Operatio...

Posted: Jul 02, 2025

Mark Kuonen Promoted to Chief Operating Officer of Lockton Dunning

Risk & Insurance

The latest people news in the industry today. The post Mark Kuonen Promoted to Chief Operating Officer of Lockton Dunning appeare...

Posted: Jul 02, 2025

Nick Serrault Named Chief Operating Officer for Lockton’s U.S. Operations

Risk & Insurance

The latest people news in the industry today. The post Nick Serrault Named Chief Operating Officer for Lockton’s U.S. Oper...

Posted: Jul 02, 2025

Texas Braces for Budget Constraints as Federal Funding Dries Up

Insurance Journal

The era of massive state budget surpluses in Texas could be coming to an end. As the last of the federal government’s COVID-19 emergency funds are spent and sales tax revenues return to historic averages after a large spike, budget …

Posted: Jul 02, 2025

Mid-year renewals shows reinsurers now eager to expand in Florida: Gallagher Re

Reinsurance News

According to reinsurance broker Gallagher Re’s 1st View mid-year renewal report, recent legislative reforms in the State of Florida encouraged reinsurers to write across the board at the mid-year renewals, in hopes of maintaining their market shar...

Posted: Jul 02, 2025

Captives Expand Risk Portfolios and Premium Volume in 2024

Risk & Insurance

Benchmarking report of Marsh-managed captives shows captives taking on more risk and expanding coverage lines across diverse sectors. The post

Posted: Jul 02, 2025

Legacy Specialist Enstar Goes Private on Completed Acquisition by PE Firm Sixth Street

Insurance Journal

Sixth Street, the San Francisco-based private equity firm, has completed its $5.1 billion acquisition of Bermuda legacy specialist Enstar Group. Enstar’s ordinary shares will no longer be listed publicly, and Enstar will continue operations as...

Posted: Jul 02, 2025

Trump Hotel Pays $4.8 Million to Resolve Complaint Over Killing Fish in Chicago

Insurance Journal

Trump International Hotel & Tower Chicago will pay $4.8 million to resolve a complaint that it was killing fish in the Chicago River. A system used to cool the building by drawing in river water was sucking in thousands of …

Posted: Jul 02, 2025