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Posted: Jun 05, 2025
OSHA Campaign Targets Backover Incidents in Construction OSHA has launched a new initiative aimed...
Posted: Jun 05, 2025
Monarch E&S Insurance Services acquired Market Finders Inc. in Albuquerque, New Mexico. MFI is a managing general agent and wholesale broker founded in 1971. MFI specializes in both personal and commercial lines, including transportation risks. T...
Posted: Jun 05, 2025
Insurity, a provider of cloud-based software for property and casualty insurance carriers, brokers, and MGAs, today announced that The Builders Group (TBG) has successfully gone live on Insurity Workers’ Comp Suite. This milestone signifies the...
Posted: Jun 05, 2025
RT Specialty, a wholesale distributor of specialty insurance products and services and the wholesale broking specialty of Ryan Specialty, announced that it has opened an office in Detroit and hired David Derigiotis as EVP and office president. Derigi...
Posted: Jun 05, 2025
One person has died after severe weather tore through parts of the central U.S., including heavy rain in Dallas, a tornado that touched down in the Kansas City area and flash flooding in Kansas that forced firefighters to rescue dozens …
Posted: Jun 05, 2025
BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run i...
Posted: Jun 05, 2025
If Stargate’s first AI data center is completed next year as planned, the 900-acre site will need enough round-the-clock electricity to support 300,000 homes. But securing that power isn’t as simple as plugging into the grid. Unlike arch...
Posted: Jun 05, 2025
Ivans, a division of Applied Systems, has released the May 2025 results of the Ivans Index, showing that average premium renewal rates increased year over year across all major commercial lines of business except Workers’ Compensation. Month over...
Posted: Jun 05, 2025
Corporate investigators found evidence that Chinese hackers broke into an American telecommunications company in the summer of 2023, indicating the country’s attackers penetrated the US communications system earlier than publicly known. Investi...
Posted: Jun 05, 2025
Massachusetts Mutual Life Insurance Company (MassMutual), a mutual life insurance company that provides financial protection, retirement, and investment solutions, has announced the appointment of David Long, former Chairman and CEO of Liberty Mut...
Posted: Jun 05, 2025
Brennan & Co. insurance agency, based in Savannah, Georgia, is now part of Patriot Growth Services, a brokerage and insurance services firm that has grown rapidly since its founding in 2019. Brennan began business in 2005, specializing in commerc...
Posted: Jun 05, 2025
According to S&P Global Ratings, insurers based in Europe, the Middle East, and Africa (EMEA) maintain strong capital foundations and capital buffers that enable them to endure external shocks effectively. S&P’s criteria show that the aggr...
Posted: Jun 05, 2025
Insurance Business Magazine - US
Posted: Jun 05, 2025
Insly has appointed insurance sales expert, Christian Bangsgaard, as a non-executive board member. Bangsgaard brings a proven sales methodology, deep industry insights, and an extensive network.
Posted: Jun 05, 2025
No one was checking IDs or for weapons before a party boat cruise that ended with a shooting that hurt 11 people in South Carolina over Memorial Day weekend, a lawyer for one of the victims said. Police have announced …
Posted: Jun 05, 2025
Longtime Alabama insurance agent and former congressional candidate Ken McFeeters announced he is running for governor of Alabama next year, casting himself as a political outsider and accusing his opponent U.S. Sen. Tommy Tuberville of being a ̶...
Posted: Jun 05, 2025
OpenAI is seeing an increasing number of Chinese groups using its artificial intelligence technology for covert operations, which the ChatGPT maker described in a report released Thursday. While the scope and tactics employed by these groups have exp...
Posted: Jun 05, 2025
Global reinsurance broker Gallagher Re has appointed Emmanuel Dubreuil as Chairman and Nicolas Rincé as Directeur General of France BeLux, as part of numerous new additions to the regional team. The pair will work in partnership with Thierry Myara...
Posted: Jun 05, 2025
Deal values plummet to $1.73 billion as market consolidation cools amid economic uncertainty, S&P Global reports. The post Insurance Broker...
Posted: Jun 05, 2025
The Trump administration said Wednesday there is no viable path forward for California’s High-Speed Rail project and warned it may rescind $4 billion in government funding in the coming weeks. The U.S. Transportation Department released a 315-p...
Posted: Jun 05, 2025
A senior executive at the UK’s National Wealth Fund has criticized the country’s banks and money managers for what he characterized as their failure to embrace the risk levels needed to drive the low-carbon transition. “What I’...
Posted: Jun 05, 2025
CLARA Analytics research reveals machine learning models can identify suspicious claims patterns weeks before traditional methods, potentially saving billions in fraudulent payouts. The post
Posted: Jun 05, 2025
AM Best, the credit rating agency, has maintained its stable outlook for the United Kingdom’s (UK) life insurance segment, driven by continued strength in pension risk transfers (PRTs), robust investment conditions, and growing revenue from define...
Posted: Jun 05, 2025
Westfield Specialty International, the London-based specialty insurance arm of Westfield, has announced the appointment of Amerjit Grewal as Chief Actuary. Based in London, Grewal will report directly to Graham Evans, EVP, Head of International In...
Posted: Jun 05, 2025
Ethos Specialty, a Bishop Street company, has announced the expansion of its North American Transactional Risk capacity through a new partnership with Starr, a global insurance and investment organisation. In a challenging Transnational Risk marke...
Posted: Jun 05, 2025
Aon, the global insurance and reinsurance broker, has appointed Rupert Poland as Head of Europe, the Middle East and Asia (EMEA) Digital Asset practice Poland will be based in London and report to Tom Davis, Aon’s Executive Director, EMEA Fi...
Posted: Jun 05, 2025
A cargo ship that was abandoned in the middle of the Pacific Ocean after catching fire Tuesday was carrying cars from several Chinese automakers, according to people familiar with the matter. The Morning Midas was shipping around 3,000 cars from R...
Posted: Jun 05, 2025
Global insurtech bolttech has announced the addition of strategic investors Sumitomo Corporation and Iberis Capital as it successfully closes its Series C funding round, with total investments of $147 million, reflecting a company valuation of $2....
Posted: Jun 05, 2025
A Republican attempt to block states from enforcing new artificial intelligence rules over the next decade has drawn growing bipartisan objections, exposing tension in Washington over allowing for more unchecked AI development. The proposal, buried o...
Posted: Jun 05, 2025
Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has appointed Mark Maritzen as Senior Client Executive, Damini Mago as North American Head of Cyber ILS, and Martha Jacobs as Healthcare Segment Leader and Branch Manager. Based in New...
Posted: Jun 05, 2025
China is considering imposing safety requirements for driving assistance systems, as more of the country’s automakers offer such features on cars to attract buyers. A post published by China’s national standards database on Wednesday show...
Posted: Jun 05, 2025
U.S. Commerce Secretary Howard Lutnick told a Senate hearing that the National Oceanic and Atmospheric Administration (NOAA) is “fully staffed” with weather forecasters and scientists after concerns were raised about some offices losing 2...
Posted: Jun 05, 2025
Former customers of the late Ponzi schemer Bernard Madoff will recoup $498.3 million under a settlement on Wednesday with the liquidators of two Luxembourg funds, boosting their recovery to about $15.26 billion. The Luxembourg Investment Fund and Lux...
Posted: Jun 05, 2025
Premiums generated through managing general agents (MGAs) and other delegated underwriting authority enterprises (DUAEs) reached $89.9 billion in 2024, a 15% year-over-year increase and the fourth consecutive year of double-digit growth, according...
Posted: Jun 05, 2025
Rokstone, the international specialty re/insurance Managing General Agent (MGA) and part of the Aventum Group, has announced the appointment of Rama Chandran to lead its business in the Asia Pacific region. Chandran will join the company following...
Posted: Jun 05, 2025
Ageas Re, the reinsurance division of international insurance group Ageas, has completed a reinsurance agreement with Slovenian insurer Triglav Group in connection with the motor insurance business distributed by Italian Insurtech Prima. This part...
Posted: Jun 05, 2025
Natural Hazards Commission Toka Tū Ake (NHC) has secured $10.3 billion of reinsurance protection for New Zealand at 1 June 2025 to help protect homeowners from the impact of natural hazards. The $10.3 billion figure marks an increase of $1.15 bill...
Posted: Jun 05, 2025
Global life insurance group Resolution Life has closed a $1 billion block reinsurance transaction with a leading life insurer in Hong Kong, its first transaction in the region. This reinsurance transaction covers an in-force portfolio of participa...
Posted: Jun 05, 2025
Price Forbes Re, an independent reinsurance broker, has entered the life, pensions and annuities space with the appointment of Isaac Sanday to the newly created role of Global Head of Life, Pensions & Annuities. Based in London, Sanday will re...
Posted: Jun 05, 2025
Aspen Insurance has reported a net income of $36.8 million in Q1 2025, down from $111.8 million in the same period of 2024, as its combined ratio increased to 96.1%. The firm reported growth in both gross and net written premiums in Q1 2025, which...
Posted: Jun 05, 2025
Arch Insurance International has announced the appointment of Tim Chapman as Head of Construction, a newly created leadership position, effective immediately. In this role, Chapman will be responsible for shaping and expanding Arch’s global constr...
Posted: Jun 05, 2025
Global life and health reinsurer, Reinsurance Group of America (RGA), has reached an agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings, to reinsure a blo...
Posted: Jun 05, 2025
Young people believe that access to insurance must become simpler, more digital, and user-friendly to meet their distinct needs, according to a recent survey by Insurance Europe in partnership with the European Youth Parliament (EYP). The survey g...
Posted: Jun 05, 2025
Australian insurers QBE has announced the appointment of Adrian Browne as Director of Underwriting, Casualty for the UK, taking over the role from Anna Bennertt who is retiring at the end of 2025. Browne has over two decades of experience in insur...
Posted: Jun 05, 2025
Credit rating agency AM Best has assigned a Performance Assessment of PA-1 (Exceptional) to a group of nine affiliates of Ryan Specialty Underwriting Managers (RSUM), and given them a stable outlook. At the same time, AM Best upgraded the assessme...
Posted: Jun 05, 2025