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The move maintains AIA’s ~25% stake.
Posted: Jun 24, 2025
The product targets over 340,000 construction businesses in the UK, as the sector eyes modest growth through 2026.
Posted: Jun 24, 2025
Apricus streamlines post-acute care coordination, saving adjusters’ time, cutting costs, reducing delays and helping injured employees recover faster. The post
Posted: Jun 24, 2025
Indianapolis-based MJ Companies, an insurance agency and financial consulting firm, named Craig Reavis vice president for business and community development. The company also signed a lease for new office space at the upscale Nashville Yards mixed-us...
Posted: Jun 24, 2025
Insurance solutions provider Orion180 has completed its excess-of-loss (XOL) and net quota share reinsurance agreements for the 2025 hurricane season totalling $845 million, which represents a 31% increase from the 2024 programme. The renewed rein...
Posted: Jun 24, 2025
Philippe Cotelle has been elected as the next President of the Federation of European Risk Management Associations (FERMA), succeeding Charlotte Hedemark who completes her two-year tenure. Cotelle is currently a Board member of FERMA and Head of C...
Posted: Jun 24, 2025
Coalition today introduced Coalition Re’s Helios platform, a new tool that allows cedants to view real-time cyber risk exposures in their portfolios and manage them more effectively. With the Helios platform, information previously provided to...
Posted: Jun 24, 2025
San Francisco-based COVU, Inc. announced it has acquired Ford Insurance Agency, a 100+ year-old, family-owned business based in Eliot, Maine. Operated by the Lonsinger family, Ford Insurance Agency provides commercial and personal lines coverage. Thi...
Posted: Jun 24, 2025
Posted: Jun 24, 2025
Coalition, known as the first Active Insurance provider focused on digital risk prevention, has introduced Coalition Re’s Helios platform. This new tool allows cedants of Coalition Re to track their cyber risk exposures in real time and manage the...
Posted: Jun 24, 2025
Instnt, a venture-backed insurance technology company, has announced a strategic partnership with global reinsurer Munich Re to expand reinsurance capacity for its Fraud Loss Insurance product. Instnt developed this solution to address the heavy b...
Posted: Jun 24, 2025
In a recent report, Zurich Insurance Group emphasised the urgent need to strengthen Europe’s clean energy infrastructure against growing climate-related threats, calling for stronger collaboration between the public and private sectors. The report...
Posted: Jun 24, 2025
As we reach the midpoint of 2025, now is a perfect time to reflect on some of the key trends that have defined the first half of the year while also looking ahead at what to expect in the back …
Posted: Jun 24, 2025
A ship that caught fire in the Pacific Ocean earlier this month has sunk. The vessel was abandoned in the middle of the pacific — about 360 miles from land — after a blaze. It was carrying about 3,000 vehicles …
Posted: Jun 24, 2025
The body of the last person missing from a boat that capsized on Lake Tahoe in California during a sudden and powerful weekend thunderstorm was found Monday, bringing the death toll to eight. Ten people were on board the 27-foot …
Posted: Jun 24, 2025
The body of the last person missing from a boat that capsized on Lake Tahoe in California during a sudden and powerful weekend thunderstorm was found Monday, bringing the death toll to eight. Ten people were on board the 27-foot …
Posted: Jun 24, 2025
Protecdiv, an insurance and reinsurance brokerage firm, has announced the immediate appointment of Sandra Thompson, former Director of the Federal Housing Finance Agency, as an Independent Director on its Board. With many years of experience in fi...
Posted: Jun 24, 2025
Chicago’s city council voted to give its police chief the green light to enforce temporary curfews for minors in a bid to curb violence that has typically ramped up during the summer months, prompting Mayor Brandon Johnson to vow to …
Posted: Jun 24, 2025
Lt. Gov. Dan Patrick, the powerful head of the Texas Senate, sharply rebuked Gov. Greg Abbott on Monday for vetoing his top legislative priority — a ban on all THC products — and dug in his heels against the governor’s …
Posted: Jun 24, 2025
Acrisure Re named Danny Souza, senior vice president, as leader of Acrisure Re’s new West Coast office in San Francisco, California. He will continue to report to Marc Piccione, partner and managing director of the New York office. Souza joined...
Posted: Jun 24, 2025
World Insurance Associates announced that it acquired the business of five entities with locations across Louisiana on March 1, 2025. The agencies are Insurance Unlimited of Louisiana, LLC (“IU”), Erwin Insurance Agency, Inc. (“Erwi...
Posted: Jun 24, 2025
Adaptive Insurance, a company focused on climate resilience using AI and data to offer climate-based parametric insurance, has entered a partnership with Tokio Marine HCC (TMHCC), a specialty insurance group based in Houston, Texas, and part of th...
Posted: Jun 24, 2025
Favorable conditions persist for buyers despite rising attack frequency, with middle market companies facing greatest vulnerability, according to Aon report. The post
Posted: Jun 24, 2025
Erie Insurance reports it has made progress in reconnecting several business systems and applications as it continues to recover from a network outage that is now 17 days old. The insurer said the network and system outage it initiated on …
Posted: Jun 24, 2025
Munich Re’s ERGO Group AG has completed the merger of its Danish travel insurance company, Europæiske Rejseforsikring A/S and its Norwegian health insurance business, ERGO Forsikring AS, formerly known as Storebrand Helseforsikring AS, expan...
Posted: Jun 24, 2025
Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The flagship product from Adaptive, which says it is building an...
Posted: Jun 24, 2025
Final lines for Florida Citizens Property Insurance Corporation’s 2025 risk transfer programme reveal that insurance-linked securities (ILS) and collateralised markets make up the majority of the new reinsurance placed, and the total tower f...
Posted: Jun 24, 2025
While cyclists on Pennsylvania road must make “reasonable efforts” to not impede the flow of traffic, the law does not mandate that they let faster traffic pass by always and immediately pulling off the read, the Pennsylvania Supreme Cour...
Posted: Jun 24, 2025
While cyclists on Pennsylvania roads must make “reasonable efforts” to not impede the flow of traffic, the law does not mandate that they always and immediately pull off the road to let faster traffic pass, the Pennsylvania Supreme Court...
Posted: Jun 24, 2025
ICEYE, a global leader in Synthetic Aperture Radar (SAR) satellite operations, has successfully launched and deployed six new SAR satellites into orbit, further expanding its constellation and capabilities. ICEYE revealed that satellites in this l...
Posted: Jun 24, 2025
Being able to predict the environmental risks that follow a major natural disaster represents an untapped business opportunity for the insurance sector, according to the head of reinsurance firm Swiss Re AG’s China unit. Risks associated with c...
Posted: Jun 24, 2025
MSIG USA, a provider of specialty insurance solutions, has named Jayson Taylor as head of casualty, reporting to CEO Peter McKenna. Since joining the firm in 2024, Taylor has reportedly been instrumental in shaping its innovation agenda, driving t...
Posted: Jun 24, 2025
This edition of International People Moves details appointments at Everest Group and AEGIS London. A summary of these new hires follows here. Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors Everest Group Ltd., the Ber...
Posted: Jun 24, 2025
Miller, the independent specialist insurance and reinsurance broker, has launched MillerBoost, a Property smart follow facility that aims to help brokers and clients move faster and with greater confidence in a rapidly evolving risk environment. M...
Posted: Jun 24, 2025
Miller, the London-based specialist re/insurance broker, has unveiled MillerBoost, a new property smart-follow facility designed to help brokers and their clients move faster and with more conviction in a rapidly evolving market. Powered by InsurX...
Posted: Jun 24, 2025
hyperexponential (hx) , a provider of pricing decision intelligence software for the insurance industry, has announced a collaboration with global specialty insurance provider Markel, to accelerate pricing transformation across the US and Bermuda...
Posted: Jun 24, 2025
Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios Monday morning, as firefighters struggled to control a major wildfire raging on the town’s outskirts for a second day. Th...
Posted: Jun 24, 2025
Firms with robust reinsurance coverage, conservative investment strategies, and proactive enterprise risk management frameworks are better equipped to withstand the volatility stemming from the ongoing hostilities between Iran and Israel, accordin...
Posted: Jun 24, 2025
In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules. Thermal …
Posted: Jun 24, 2025
A severe drought in Pakistan has triggered a £261,243 parametric insurance payout to Tearfund, directly supporting chilli farmers in the southern region of the country. The payout was triggered by a severe period of hot and dry weather resulting i...
Posted: Jun 24, 2025
U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the …
Posted: Jun 24, 2025
MAPFRE USA, the holding company for a number of property and casualty insurance companies, has appointed Mark Pasko as Executive Vice President (EVP), General Counsel and Secretary of US operations, effective July 21st, 2025. In his new role, Pask...
Posted: Jun 24, 2025
Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. “We want to expand in countr...
Posted: Jun 24, 2025
Keefe, Bruyette & Woods, Inc. (KBW), an investment bank and research firm focused on financial services, expects overall commercial insurance rate increases to moderate in 2025 following years of compounding gains across most lines of business...
Posted: Jun 24, 2025
The International Underwriting Association (IUA) has announced its Aviation Claims Committee has appointed James Sutherland, from HDI Global SE, as its new Chair, and Paul Lamport of AIG as its new Deputy Chair. Sutherland’s current role at HDI Gl...
Posted: Jun 24, 2025
Ryan Transactional Risk, a managing general underwriter and part of Ryan Specialty, has announced the launch of a new insurance product focused on environmental liability. The new offering, Ryan Transactional Risk Enviro, is designed to insure ag...
Posted: Jun 24, 2025
A man won $11 million in a lawsuit against police after his conviction for killing a Missouri newspaper’s sports editor was overturned, but the city’s former insurer resisted paying most of it for almost three years. A Missouri judge this...
Posted: Jun 24, 2025
Ford Motor Co. is recalling nearly 200,000 electric Mustangs because the door latches could falter, potentially trapping passengers in the back seat. The National Highway Traffic Safety Administration said Dearborn, Michigan-based Ford is recalling 1...
Posted: Jun 24, 2025
Data storage provider Western Digital has convinced a California federal judge to reduce a $552.7 million award against it in a patent dispute over data encryption to just $1, according to a court order made public on Monday. U.S. District …
Posted: Jun 24, 2025