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Snack food maker Mondelez International is suing the Aldi supermarket chain, alleging the packaging for Aldi’s store-brand cookies and crackers “blatantly copies” Mondelez products like Chips Ahoy, Wheat Thins and Oreos. In a federa...
Posted: Jun 03, 2025
Mangrove Property Insurance Company has finalised its catastrophe reinsurance program for the 2025 Atlantic hurricane season, protecting the firm and its policyholders to the 175-year return period and for events exceeding any in the historical re...
Posted: Jun 03, 2025
Vehicle crashes across Tennessee in the last few days have left five people dead and dozens more injured. In the tourist town of Gatlinburg, seven people, including two pedestrians, were injured in a multivehicle crash on Sunday. The accident occurre...
Posted: Jun 03, 2025
Risk Strategies announced it has acquired Schroeder Insurance, a Missouri-based firm with a specialty focus in the commercial lines and private client sectors. Terms of the deal were not disclosed. Led by brothers Paul and Ted Schroeder, who each hav...
Posted: Jun 03, 2025
Allianz UK, part of the global financial services provider Allianz Group, has appointed Akhil Lalwani as its new Chief Data Officer (CDO). The move follows the company’s decision to create a centralised data function, aimed at aligning its data st...
Posted: Jun 03, 2025
Massachusetts is eliminating a series of insurance and other business regulations with a goal of making it easier and less costly to conduct business in the state. According to Gov. Maura Healey, her administration’s “Massachusetts Means...
Posted: Jun 03, 2025
Evercore ISI, an independent investment banking advisory and research firm, highlights a significant shift in the insurance brokerage industry. As organic growth begins to slow due to broader economic factors, mergers and acquisitions (M&A) ar...
Posted: Jun 03, 2025
Property and casualty insurer Skyward Specialty has entered the specialised aviation market with the launch of a new Aviation underwriting unit following the acquisition of Acceleration Aviation Underwriters assets last year. Chris Jones, founder...
Posted: Jun 03, 2025
Risk & Insurance recognizes the creativity, passion and perseverance of risk managers with this annual award. The post Risk All Star Applica...
Posted: Jun 03, 2025
One of the most striking patterns in the aftermath of many urban fires is how much unburned green vegetation remains amid the wreckage of burned neighborhoods. In some cases, a row of shrubs may be all that separates a surviving …
Posted: Jun 03, 2025
Current climatic conditions suggest that there will be a slightly above-average number of storms in the North Atlantic during the 2025 hurricane season, according to Munich Re in its Hurricane Outlook 2025. However, Munich Re warned that this year...
Posted: Jun 03, 2025
Arch Reinsurance Group (Arch Re), the reinsurance arm of Arch Capital Group, has announced the promotions of William Soares to President of Arch Re Ltd.; Pierre Jal to President of Arch Reinsurance Europe Underwriting dac (Arch Re Europe); and Dav...
Posted: Jun 03, 2025
The number of former rugby players taking legal action against sports governing bodies on claims they suffered brain injuries during their careers has grown to more than 1,000, a British law firm said on Monday. Rylands Garth, based in London, …...
Posted: Jun 03, 2025
Accredited Insurance Program Management (Accredited), a global program manager, has announced the appointment of Jon Wood as Head of Reinsurance, UK & Europe. Wood brings 25 years of reinsurance experience to the role. He joins Accredited from...
Posted: Jun 03, 2025
HCI Group, a Tampa-based insurance holding company specialising in property and casualty coverage, has finalised its catastrophe reinsurance programme for the 2025-2026 treaty year, which runs from June 1, 2025, through May 31, 2026, securing more...
Posted: Jun 03, 2025
Staff of the Federal Emergency Management Agency were left baffled on Monday after the head of the U.S. disaster agency said he had not been aware the country has a hurricane season, according to four sources familiar with the situation. …
Posted: Jun 03, 2025
Specialist re/insurance broking group Miller has completed its acquisition of AHJ Holdings Ltd (AHJ), the ultimate parent company of Alwen Hough Johnson Limited and AHJ Europe AS. The transaction closed on June 2, following the receipt of all nece...
Posted: Jun 03, 2025
Coalition, an active insurer focused on preventing digital risks, has announced the appointment of Ilsa Derfus as its Director of Capacity. In her new role, Derfus will be responsible for managing Coalition’s relationships with carrier partners an...
Posted: Jun 03, 2025
Start Network, a coalition of over 50 humanitarian charities, and Aon, a global re/insurance broker, have partnered to launch an innovative reinsurance product to strengthen Start Ready’s ability to provide early, anticipatory funding for climate...
Posted: Jun 03, 2025
The London Market Group, a market-wide body representing the specialist commercial re/insurance broking and underwriting communities in London, has appointed Chris Rash, CEO of AIG UK, to its board. Rash, who joins as AIG UK’s representative of th...
Posted: Jun 03, 2025
Reinsurance Group of America (RGA), a global life and health reinsurer, has reached an agreement with The Dai-ichi Life Insurance Company for an RGA subsidiary to reinsure JPY 150 billion in statutory reserves through coinsurance. The transaction...
Posted: Jun 03, 2025
A Texas bill on the verge of becoming law would require labels on packaged food from Skittles to Mountain Dew that warn about ingredients “not recommended for human consumption” by other countries. Texas Senate Bill 25, backed by Secretar...
Posted: Jun 03, 2025
QBE Insurance has appointed Christopher Harris as Chair of QBE Capital, effective 9 May 2025. Harris will serve as the successor to Dave Duclos, the outgoing Chair of QBE Capital, who will retire in July 2025. QBE stated that Duclos’s 9-year...
Posted: Jun 03, 2025
AM Best has maintained its stable outlook on Italy’s non-life insurance segment driven by natural catastrophe risks gaining relevance, expected maintained profitability, and stable growth sustained by underwriting discipline. Natural catastrophe r...
Posted: Jun 03, 2025
Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurer, has appointed Robert Hunziker as Head of Asia (China, Japan, and Southeast Asia). Readers may recall that this appointment is part of Swiss Re Corporate Solutions&...
Posted: Jun 03, 2025
Global Parametrics, part of the CelsiusPro Group, has partnered with One Acre Fund to provide financial protection for smallholder farmers in Nigeria against crop losses caused by drought and end-of-season excess moisture, through the Natural Disa...
Posted: Jun 03, 2025
David Baldwin has become the latest addition to Lockton Re’s Retrocession and Property Specialty Division, having been recently appointed Senior Broker. With over three decades of experience in international reinsurance broking, Baldwin offers a w...
Posted: Jun 03, 2025
Areas of the Central United States still recovering from severe storms last month face a threat of more severe weather this week, with heavy rain, flooding and hail forecast through the middle of the week. The National Weather Service said …
Posted: Jun 03, 2025
Neo Insurance Solutions, a provider of advanced, modular digital insurance infrastructure, has secured a strategic equity investment from ITOCHU Corporation, one of Japan’s largest trading and investment companies. ITOCHU is known for its di...
Posted: Jun 03, 2025
Munich Re Specialty – North America, part of global reinsurer Munich Re Group’s insurance operations, has announced the appointment of Kevin Johnson as its Chief Underwriting Officer (CUO). In his new role, Johnson will be responsible...
Posted: Jun 03, 2025
Demand for Insurance Rises as Majority of Pet Parents Underestimate Cost of Care: Study Costs as...
Posted: Jun 03, 2025
Safety Training Cuts Threaten Workers in America’s Most Dangerous Jobs...
Posted: Jun 03, 2025
Costs associated with pet care continue to rise, according to consumer financing company Synchrony’s 2025 Pet Lifetime of Care Study, which found an increase of 10% for dogs and close to 20% for cats since 2022. Expanding on original research &...
Posted: Jun 03, 2025
Fitch Ratings, a credit rating agency known for its analysis of financial institutions and insurance entities, has identified size-related constraints and varying capital strength as key factors influencing the ratings of small reinsurers operatin...
Posted: Jun 03, 2025
Nearly seven years after a fire ripped through Ron Perelman’s Hamptons home, he is asking a New York state judge to force insurers to pay him more than $400 million for five paintings he says were damaged in the blaze. …
Posted: Jun 03, 2025
U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs, potentially signaling looming shortages of some goods. President Donald Trump’s aggressive...
Posted: Jun 03, 2025
A North Carolina insurance agency cannot escape a lawsuit brought by a homeowner who was denied coverage after a hurricane because key elements of the property were not mentioned in the coverage application. In a case that began almost a …
Posted: Jun 03, 2025
Swiss Re Corporate Solutions, the commercial insurance arm of the global reinsurer, has announced the appointment of Nina Arquint as its new CEO for UK & Ireland. Her appointment is part of the company’s new organisational structure which feat...
Posted: Jun 03, 2025
Davis & Towle Insurance Group, headquartered in Concord, New Hampshire, named former New Hampshire Insurance Commissioner, Christopher Nicolopoulos as the agency’s new chief executive officer. Jeffrey Towle, previously the agency’s pr...
Posted: Jun 03, 2025
InterWest Insurance Services has acquired Armstrong & Associates Insurance Services in California. Martin Armstrong will remain in a leadership role, with all employees coming over to InterWest. Founded in 2004, Armstrong specializes in agribusin...
Posted: Jun 03, 2025
This post is part of a series sponsored by AgentSync. Insurance is a business built on relationships, as anyone will tell you. But formally depicting the complex network of relationships that connects an underwriter to an insured is far from …
Posted: Jun 02, 2025
The European Union agreed overwhelmingly to curb Chinese medical device manufacturers’ access to public procurement contracts in the bloc, according to people familiar with the matter. EU countries voted Monday on the measure, which will ban ac...
Posted: Jun 02, 2025
The European Commission said on Monday it would make a strong case this week for the United States to reduce or eliminate tariffs even after Donald Trump said he would double import duties on steel and aluminum to 50%. European …
Posted: Jun 02, 2025
Tim Chapman joins Arch to develop open-market construction portfolio.
Posted: Jun 02, 2025
These awards are presented by FinTech Intel.
Posted: Jun 02, 2025
The companies have announced a strategic alliance to provide AI-powered commercial lines tools to Voldico’s network of independent insurance agencies.
Posted: Jun 02, 2025
Optalitix has also upgraded its underlying modelling system to deliver a transformative 70 percent increase in model performance speed.
Posted: Jun 02, 2025
In a keynote at PegaWorld 2025, Alan Trefler outlined the limitations of language models, promoted orchestration over AI sprawl, and introduced new tools for enterprise transformation, including Blueprint and the Agentic Process Fabric.
Posted: Jun 02, 2025