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Property-catastrophe reinsurance pricing saw continued moderation at the June 1 renewals with a selective return of capacity following historic pricing strength, according to Howden Re, the reinsurance and advisory arm of Howden. While rate moderatio...
Posted: Jun 02, 2025
Managing private passenger cost increases without boosting exposure to loss Advising insureds about how to reduce their exposures can help make coverage more affordable for them and help reduce carrier’s loss costs—a win-win during uncertain times. B...
Posted: Jun 02, 2025
Global specialty insurer Fidelis Insurance Group has successfully closed the seventh iteration of its Herbie Re catastrophe bond, providing the group with $90 million of collateralized reinsurance protection. The newly issued Series 2025-1 Notes w...
Posted: Jun 02, 2025
A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.”...
Posted: Jun 02, 2025
A federal district court judge in Boston has granted preliminary approval to a $2.16 million settlement between the New England Patriots organization and a class of fans who claim their personally identifiable information (PII) was shared without the...
Posted: Jun 02, 2025
The Geneva Association, a global association of re/insurance companies with CEOs of carriers from the around the world as its members, has added Andreas Berger, Chief Executive Officer (CEO) of reinsurer Swiss Re and Andrew F. Sullivan, CEO of Pru...
Posted: Jun 02, 2025
Property and reinsurance lines remain the primary drivers of premium growth and profitability for Lloyd’s of London syndicates, according to a new report from Howden Re. The firm’s latest analysis of Lloyd’s syndicate performance offers a detailed...
Posted: Jun 02, 2025
Global reinsurance broker Gallagher Re has announced the appointment of Ben Lyon as CEO of Gallagher Securities Limited (UK) and Head of Capital Advisory, based in London. Gallagher Securities is the insurance-linked securities (ILS) and capital m...
Posted: Jun 02, 2025
American Coastal Insurance Corp. (ACIC) has renewed its core catastrophe reinsurance program (Core CAT) for 2025/26, purchasing approximately $1.676 billion of occurrence-based limit in the aggregate, an increase of $62.4 million, or 3.9%, from 20...
Posted: Jun 02, 2025
Optio Group (Optio), an independent specialty managing general agent (MGA), has announced the successful rollout of its new political violence and terrorism (PVT) binders. The product offers a coverage limit of USD 150 million, designed to safegua...
Posted: Jun 02, 2025
Global specialty insurance and reinsurance broker McGill and Partners has entered into a digital-first partnership with AXA XL’s UK & Lloyd’s Business, aimed at enhancing efficiency in risk placement. The initiative aligns AXA XL’s risk appeti...
Posted: Jun 02, 2025
Markel, the insurance division of Markel Group Inc., has completed its acquisition of The MECO Group Limited, a specialist marine managing general agent (MGA), following regulatory approvals. The transaction follows Markel’s April 2025 announcemen...
Posted: Jun 02, 2025
Canopius, a global specialty insurer and reinsurer, has announced the appointments of Brodie English as Head of Casualty, Australia and New Zealand, and Rob Barnum as Head of Financial Lines, APAC, both effective 1st June, 2025. In his new role, E...
Posted: Jun 02, 2025
CHARLESTON, SC., June 02, 2025 – Johnson & Johnson Inc. (J&J) continues the expansion of its footprint by acquiring the assets of Indemnity Excess & Surplus Agency Inc (IES). The parties completed the transaction effective June 1, 2025. B...
Posted: Jun 02, 2025
Re/insurers are better positioned to withstand the 2025 hurricane season and other potential catastrophic events, thanks to recent premium rate increases, surplus growth among property and casualty (P&C) insurers, and favourable legislative re...
Posted: Jun 02, 2025
MultiStrat, a specialist underwriter and reinsurance investment platform, has announced the appointment of Weston Tompkins as Executive Director within its Capital Markets team. Tompkins will leverage his over three decades of experience in the in...
Posted: Jun 02, 2025
Learn what this next generation of agents has to say about where the industry is headed—and how they fit into it.
Posted: Jun 02, 2025
Vermont, one of the domiciles for captive insurance companies in the United States, has enacted important updates to its captive insurance laws through the 2025 housekeeping bill, H.137. Signed into law by Governor Phil Scott on May 19, 2025, this...
Posted: Jun 02, 2025
This post is part of a series sponsored by EZLynx. Performance data is one of the most powerful tools an independent agency can use to stay competitive—but only when it’s timely and easy to understand. Outdated spreadsheets, static end-of-month...
Posted: Jun 02, 2025
Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast gu...
Posted: Jun 02, 2025
In northern China, road surfaces have soared to 158F (70C). In California’s Central Valley, temperatures are reaching into the triple digits Fahrenheit. Across much of Spain, the mercury has risen so high that it’s prompting warnings for...
Posted: Jun 02, 2025
After spending about $380 billion over the past decade to nearly double wind power capacity in Europe, utilities are now turning to an obscure and little-known market to protect themselves against a prolonged bout of calm weather. The wind drought &#...
Posted: Jun 02, 2025
As climate change worsens extreme weather around the US, floods are increasing the risk of home foreclosure, according to a new report by First Street Technology Inc., a climate-data company. A big part of the reason why is that unlike …
Posted: Jun 02, 2025
When Tampa-based Slide Insurance registered for an initial public stock offering last week, one page of the filing quickly had people talking in the Florida insurance industry. On page 132 of the filing with the U.S. Securities and Exchange Commissio...
Posted: Jun 02, 2025
The Oregon Occupational Safety and Health Division fined Hillsboro-based Renner Trucking and Excavating Inc. $80,804 for repeatedly violating rules intended to protect workers from trenches caving in. Oregon OSHA issued a citation to the company on M...
Posted: Jun 02, 2025
AM Best has removed from under review with developing implications and upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” (Excellent) from “a-...
Posted: Jun 02, 2025
Most UK businesses are rapidly embracing Artificial Intelligence (AI), with 95% already using or looking into it, despite an increase in cyberthreats, with 80% of businesses in the country believing cyber risks are on the rise and over half (53%)...
Posted: Jun 02, 2025
As telematics technology continues to evolve, fleet managers face the challenge of implementing effective programs that enhance safety, reduce costs, and engage drivers. The post
Posted: Jun 01, 2025
As catastrophic events increase in both frequency and severity, insurance professionals must adapt their strategies to effectively manage emerging risks while maintaining strong client relationships. The post
Posted: Jun 01, 2025
Clear communication along with up-to-date clinical knowledge are keys in this area. The post Managing...
Posted: Jun 01, 2025
Learn what this next generation of agents has to say about where the industry is headed—and how they fit into it.
Posted: Jun 01, 2025
It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major national insurers, according to adjusters and poli...
Posted: Jun 01, 2025
The U.S. higher education insurance market is as diverse as the academic degrees these institutions offer. But one recent challenge facing the sector is a downturn in public trust that may be contributing to the increased frequency and severity of &#...
Posted: Jun 01, 2025
Recruitment doesn’t have to be a dull subject. Imagine discussing it in a more enjoyable way at your next management meeting. Viral work trends are an excellent starting point. TikTok alone has 115,000 videos tagged with #CareerTok and over 1 &...
Posted: Jun 01, 2025
By Allen Laman As commercial property insurance rates moderate, the value and relevance of captive insurance companies isn’t expected to fade away. A panel of experts discussed the state and evolution of the captive sphere during a presentation...
Posted: Jun 01, 2025
When Mr. Best of AM Best created the combined ratio, he did the industry and arguably the world a great favor. After all, what business would only measure part of their cost and ignore the other 30% when determining profitability? …
Posted: Jun 01, 2025
Vendor-related risks, whether from technology suppliers or non-technology partners, have always been a concern and often drive a large number of cyber insurance claims notifications. Vendor risks have traditionally come in the form of data breaches,...
Posted: Jun 01, 2025
If you write personal lines–or own a home–then you know. Homeowners insurance rates are up–significantly in some states such as Texas. But better news is around the corner judging by a new industry report. For the first time in five...
Posted: Jun 01, 2025
It’s not just some Florida-domiciled insurance carriers that have allegedly altered field adjusters’ reports or low-balled property damage estimates in recent years. It’s also major national insurers, according to adjusters and poli...
Posted: Jun 01, 2025
The company has introduced a new orchestration layer to help connect AI agents, workflows, and IT systems for more reliable enterprise automation.
Posted: Jun 01, 2025
The company has expanded Pega Blueprint to help users convert legacy system assets into modern, cloud-based applications using agentic AI.
Posted: Jun 01, 2025
Ritchie will lead global revenue strategy as Send expands into North America and international markets.
Posted: Jun 01, 2025
As catastrophes, social inflation and other challenges force admitted carriers to become more risk-adverse, the excess & surplus market is anticipated to grow.
Posted: Jun 01, 2025
As catastrophes, social inflation and other challenges force admitted carriers to become more risk-adverse, the excess & surplus market is anticipated to grow.
Posted: Jun 01, 2025
Midsize companies are often targets due to having lower budgets for cybersecurity than their larger counterparts. This, coupled with fewer and outdated IT resources, makes the likelihood of a cyber attack higher.
Posted: Jun 01, 2025