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Misdemeanor charges have filed against the man who was operating the boat that fatally struck a 15-year-old girl off a South Florida beach last year, as well as the man who was operating the boat she had been wakeboarding behind, …
Posted: Jun 04, 2025
Amiga Specialty, an independent international Managing General Agent (MGA), has today announced its official launch. The London-based company said it aims to swiftly establish itself in the global insurance MGA landscape through a combination of stra...
Posted: Jun 04, 2025
A massive cloud of dust from the Sahara Desert blanketed most of the Caribbean on Monday in the biggest event of its kind this year as it heads toward the United States. The cloud extended some 2,000 miles (3,200 kilometers) …
Posted: Jun 04, 2025
Technology-centric underwriting agency reThought Flood has appointed business development leader and flood expert Kevin C. Thomas to help expand its presence in the residential flood risk market. Thomas will lead the continued development of reTho...
Posted: Jun 04, 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 04, 2025
Property and casualty (P&C) insurance platform Guidewire reported total revenue of $293.5 million for the third quarter of fiscal year 2025, a 22% increase from the same quarter last year. Subscription and support revenue reached $181.8 millio...
Posted: Jun 04, 2025
A man says he was tortured for weeks in a New York townhouse. Another in Paris was held for ransom and his finger cut off. A couple in Connecticut were carjacked, beaten and thrown into a van. All, authorities allege, …
Posted: Jun 04, 2025
The Trump administration’s attack on US diversity, equity and inclusion policies is reverberating across the Atlantic, with corporations abandoning sponsorships of Britain’s Pride festivals, threatening key funding for events this summer....
Posted: Jun 04, 2025
US insurers Centauri Insurance and Lilypad Insurance have sponsored a $30 million Koi Re private catastrophe bond, designed to provide indemnity-based reinsurance protection against named storms in the US. Its successful issuance marks a significa...
Posted: Jun 04, 2025
Reinsurers’ Probable Maximum Loss (PMLs) exposures as a percentage of equity capital remained broadly stable year-over-year at January 1 for U.S. wind, U.S. earthquake, and European wind, according to a new report from Moody’s. In contrast,...
Posted: Jun 04, 2025
Insurance Business Magazine - US
Posted: Jun 04, 2025
The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday. The 22 crew members were safely …
Posted: Jun 04, 2025
The crew of a cargo ship carrying around 3,000 vehicles, including 800 electric vehicles, abandoned it off the coast of Alaska after a fire broke out onboard, its operator Zodiac Maritime said on Wednesday. The 22 crew members were safely …
Posted: Jun 04, 2025
Microsoft is offering free of charge to European governments a cybersecurity program, launched on Wednesday, to bolster their defenses against cyber threats, including those enhanced by artificial intelligence, it said. After a surge in cyberattacks...
Posted: Jun 04, 2025
The European Union and the US are headed in the “right direction” in trade talks, though new American levies on steel and aluminum imports aren’t helpful if both sides want to maintain momentum, Maros Sefcovic said after meeting wit...
Posted: Jun 04, 2025
Paul Latarche has been appointed Chief Digital Officer of Verisk Specialty Business Solutions, a leading insurance and reinsurance software specialist in the global re/insurance markets. In his new role, Latarche will lead Verisk Specialty Busines...
Posted: Jun 04, 2025
China called on France to help resolve trade differences with the European Union, as Beijing seeks to shore up ties with the bloc amid simmering tensions with the US. “It is normal to have differences in bilateral economic and trade …
Posted: Jun 04, 2025
Two former police officers have pleaded guilty to federal charges in connection with an auto-insurance fraud scheme, according to U.S. Attorney for Maryland Kelly O. Hayes. Michael Anthony Owen, Jr., a former Prince Georges County officer, pled guilt...
Posted: Jun 04, 2025
The Lloyd’s of London insurance market, represented by MS Amlin, Mosiac Insurance, and the Texel Group, has partnered with Legal & General in a recent transaction to bolster sustainable development in the Republic of Togo. This collaboration f...
Posted: Jun 04, 2025
Optalitix has revealed an upgrade to its flagship product, Optalitix Models, with the launch of a powerful new feature, Model Monitoring. This enhancement, made possible by integrating Google Cloud’s latest system tracking technologies directly in...
Posted: Jun 04, 2025
As licensed foreign reinsurers continue to expand their market presence in India, their market share, in terms of gross written premiums (GWP), is estimated to surpass 50% in 2025, according to GlobalData. Foreign reinsurers have nearly doubled th...
Posted: Jun 04, 2025
Newline Group, a specialty insurance provider, has appointed John Driscoll to the newly created position of Deputy Chief Underwriting Officer. Driscoll will be based in London, working alongside Andy Pecover, the Chief Underwriting Officer of Newl...
Posted: Jun 04, 2025
Trucordia today announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle’s Global Credit platform. The investment values Trucordia at $5.6 billion, and it will reduce the company’s debt relative to...
Posted: Jun 04, 2025
Howden, an insurance intermediary, has acquired Granular Investments Limited and Granular Investments EU SAS, reinforcing its position in the European credit risk transfer market. The acquisition enhances Howden’s solutions for major financial ins...
Posted: Jun 04, 2025
Odyssey Reinsurance Company, the property and casualty reinsurance arm of Odyssey Group Holdings, Inc., a subsidiary of Fairfax Financial Holdings Limited, has appointed Matthew Sheppard as Deputy Chief Underwriting Officer (CUO), London branch. S...
Posted: Jun 04, 2025
Austin, TX — June 04,2025 — The Risk & Insurance Education Alliance is proud to announce the launch of AlliBot 3.0, the newest generation of its groundbreaking AI-powered knowledge bot designed exclusively for risk and insurance professionals. Bu...
Posted: Jun 04, 2025
According to Fitch Ratings, a credit rating agency known for its financial analysis and industry outlooks, Germany’s non-life insurance sector performed better than previously projected in 2024. Fitch revised key performance indicators upward acro...
Posted: Jun 04, 2025
Bermuda-domiciled insurer and reinsurer AXIS Capital Holdings has appointed Peter Smith as the Head of Cyber North America and Tara Sapru as the Head of Technical Underwriting in its Global Cyber & Technology (GCT) team, effective immediately....
Posted: Jun 04, 2025
The African Reinsurance Corporation has reported an overall net profit for Q1 2025 of $22.5 million, marking an increase of 32.5% compared to a profit of $16.9 million achieved in the same period of 2024. According to the firm, the net income incr...
Posted: Jun 04, 2025
Mosaic Insurance, a specialty underwriter, has announced key leadership changes to support its continued expansion. Yosha DeLong has been promoted to Global Engagement Officer, while cyber insurance veteran Brian Bonkoski joins the firm as Global...
Posted: Jun 04, 2025
Smoke from Canadian wildfires carried another day of poor air quality south of the border to the Midwest, where conditions in parts of Minnesota, Wisconsin and Michigan were rated “very unhealthy” on Tuesday. The fires have forced more th...
Posted: Jun 04, 2025
Texas is on the cusp of banning all recreational THC products after lawmakers passed a bill to reverse the unintended effects of hemp laws that led to a boom in shops selling gummies, joints, vapes and drinks that create a …
Posted: Jun 04, 2025
An Iowa amusement park’s former operator has agreed to pay an undisclosed amount to settle a lawsuit filed by the family of an 11-year-old boy who drowned on a water ride in 2021. A company that previously owned Adventureland park …
Posted: Jun 04, 2025
Cyberwrite, a cyber insurance technology firm, and Markel Insurance, the insurance operations within Markel Group, have expanded their partnership to enhance underwriting capabilities, broker enablement, and cyber risk modelling across Europe. Mar...
Posted: Jun 04, 2025
Mosaic Insurance, headquartered in Hamilton, Bermuda, promoted Yosha DeLong to the new role of global engagement officer and hired cyber and technology liability executive Brian Bonkoski to lead the company’s cyber business. Based in Chicago, I...
Posted: Jun 04, 2025
Global insurance and reinsurance broker Howden has appointed Peter Steiner as Executive Director, Agriculture & Nature Parametrics. Steiner joins Howden after nine years at Syngenta, where he began in May 2016 as Global Financial Solutions Man...
Posted: Jun 04, 2025
Ategrity Specialty Holdings LLC has launched its initial public offering (IPO) of 6,666,667 shares of common stock pursuant to a registration statement on Form S-1 filed with the Securities and Exchange Commission (the SEC). Prior to the closing o...
Posted: Jun 04, 2025
Global insurance and reinsurance broker Aon has announced the appointment of Chris Knutson as Chief Claims Officer, Global Broking Centre (GBC). In this role, Knutson will lead more than 100 claims professionals dedicated to the London Market. He...
Posted: Jun 04, 2025
A majority of U.S. business owners are worried about supply chain disruptions from President Donald Trump’s sweeping tariffs, a survey by insurance brokerage Gallagher showed on Tuesday. The findings come as Trump’s tariff policies raise...
Posted: Jun 04, 2025
While federal agencies and some states have moved to rein in the reach of noncompete agreements, a Florida bill awaiting the governor’s signature would go in the opposite direction, significantly lengthening the agreements and expanding employe...
Posted: Jun 04, 2025
The Data Council, a cross-market body made up of senior representatives from key London Market organisations, has launched a high-profile campaign to encourage the widespread adoption of a single shared data standard. Backed by industry CEOs, the...
Posted: Jun 04, 2025
Elon Musk’s social network X is showing users a prominent disclaimer about the platform’s blue checkmark program in a bid to appease concerns from the European Union’s content regulators that it’s deceptive and should be overh...
Posted: Jun 04, 2025
A federal judge dismissed a lawsuit against University of Pennsylvania filed by Jewish students over antisemitism, ruling they failed to show the Ivy League school engaged in intentional discrimination. US District Judge Mitchell Goldberg ruled Monda...
Posted: Jun 04, 2025
The pilot of a small plane that was about to crash managed to land it safely in the cool, choppy waters of Long Island Sound off Connecticut and called 911 to provide his precise coordinates before the aircraft sank, authorities …
Posted: Jun 04, 2025
H.W. Kaufman Group Names Hasan Fardan Al Fardan as Non-Executive Chairman, Burns & Wilcox MENA H.W. Kaufman Group named Hasan Fardan Al Fardan as the non-executive chairman for Burns & Wilcox, Middle East and North Africa (MENA). He works clo...
Posted: Jun 03, 2025
H.W. Kaufman Group Names Hasan Fardan Al Fardan as Non-Executive Chairman, Burns & Wilcox MENA H.W. Kaufman Group named Hasan Fardan Al Fardan as the non-executive chairman for Burns & Wilcox, Middle East and North Africa (MENA). He works clo...
Posted: Jun 03, 2025
A recent market report from Risk Strategies demonstrates the need to bolster risk management efforts while continuing to stay on top of today's most challenging trends. The post
Posted: Jun 03, 2025