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Peak Claims Group, an independent claims management firm, has announced a strategic partnership with Canopy Weather, a provider of hyper-localised weather analytics, to enhance its Peak Triage platform. Peak Triage is a proprietary claims approach...
Posted: May 23, 2025
Lockton, a privately held insurance brokerage, has announced the appointment of Jeff Miller as National Practice Leader for the Stop Loss and Pharmacy practices. Miller returns to the firm with more than 30 years of experience and a proven history...
Posted: May 23, 2025
Private capital firms grappling with a moribund dealmaking climate are increasingly turning to a niche securitized product to raise cash. Collateralized fund obligations, or CFOs, slice and dice private portfolios into bonds, many with top ratings, a...
Posted: May 23, 2025
Owners of dangerous dogs in Florida will soon have to secure at least $100,000 in liability insurance coverage after the governor signed House Bill 593 into law this week. Also known as the Pam Rock Act after a mail carrier …
Posted: May 23, 2025
Mercedes-Benz announced Thursday that it plans establish its North American headquarters in metro Atlanta, where the automaker will expand its existing U.S. corporate hub by adding hundreds of jobs relocated from other cities. The change will add abo...
Posted: May 23, 2025
The latest people news in the industry today. The post Peter Houston Named Chief Growth Officer at The Mutual Group appeared first on
Posted: May 23, 2025
S&P Global Ratings has expressed a positive view on Arundo Re’s strategic growth ambitions, assigning the international reinsurer a financial strength rating of ‘A’ with a stable outlook. The credit rating agency highlighted Arundo Re’s (forme...
Posted: May 23, 2025
A man has been charged with providing alcohol to the 20-year-old who fell from the outfield stands at a Pittsburgh Pirates game on April 30. Ethan Kirkwood, 21, of McKeesport, Pennsylvania, was arrested Tuesday on misdemeanor charges of furnishing al...
Posted: May 23, 2025
The latest people news in the industry today. The post Matthieu Chan Tsin Promoted to Senior Vice President, Resilie...
Posted: May 23, 2025
The company that operated a Georgia chlorine plant with a history of explosions, chemical fires and toxic clouds that have drifted over neighborhoods outside Atlanta has decided not to rebuild the main manufacturing facility in Conyers. In a statemen...
Posted: May 23, 2025
Alchemy Insurance Solutions is a specialty Managing General Agent (MGA) offering customized insurance programs for niche and emerging markets across the U.S. With A-rated carrier partnerships, Alchemy delivers tailored coverage solutions for cannabis...
Posted: May 23, 2025
The latest people news in the industry today. The post Ania Caruso Appointed National Casualty President at Risk Placement...
Posted: May 23, 2025
The latest people news in the industry today. The post Lockton Names Jeff Miller National Practice Leader appeared first on
Posted: May 23, 2025
Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance products, has introduced Miscellaneous Professional Indemnity and Public Offering of Securities Insurance in Italy. These policies...
Posted: May 23, 2025
Global insurer American International Group (AIG) has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives. In a filing in federal district court in R...
Posted: May 23, 2025
While the favourable market environment for reinsurance played a significant role in MS Reinsurance’s strong performance in 2024, CEO Robert Wiest has emphasised that what truly sets the firm apart is its unique approach and the way it engages wit...
Posted: May 23, 2025
Insurance Business Magazine - US
Posted: May 23, 2025
Milliman, Inc., a consulting and actuarial firm, has released its latest Milliman Pension Buyout Index (MPBI), revealing a meaningful reduction in the estimated cost of transferring retiree pension liabilities to insurers. According to Milliman’s...
Posted: May 23, 2025
Fenchurch, an independent London property insurance broker, has appointed Kingsley Flynn as its new Chairman. In his new role, Flynn will guide Fenchurch’s US growth strategy, oversee client engagement, and help refine the firm’s client-first appr...
Posted: May 23, 2025
AmTrust International, a global specialty insurer and reinsurer, continues to see solid growth in its Turkish operations following the establishment of its office in Istanbul last year. Led by General Manager, Erdinc Karayazlik, AmTrust’s team in...
Posted: May 23, 2025
Property and casualty insurance holding company, Kingstone Companies, Inc., has announced the successful issuance of a $125 million catastrophe bond, 1886 Re Ltd. (Series 2025-1), the first to Rule 144A deal for sponsor Kingstone Insurance Company...
Posted: May 23, 2025
The severe flooding across the Mid North Coast and Hunter regions of New South Wales (NSW) is not expected to derail the strong FY25 outlook, with reinsurers likely to remain disciplined at mid-year renewals, according to analysts at BofA Securiti...
Posted: May 23, 2025
Credit rating agency AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “a-” (Excellent) from “bbb+” (Good) and the Long-Term Issue Credit Ratings (Long-Term IR) on the unsecured debt and preferred equity of Canadian financ...
Posted: May 23, 2025
With a preliminary insured loss estimate ranging from $4 billion to $7 billion for the severe weather events across the U.S. between May 14 and 20, Gallagher Re’s Chief Science Officer and Meteorologist, Steve Bowen, has argued that it’...
Posted: May 23, 2025
COVU, Inc., an AI-native customer servicing platform for the insurance industry announced the acquisition of Uno Insurance Services, a fast-growing Texas-based agency with a stronghold in Houston’s Spanish-speaking communities and a track recor...
Posted: May 23, 2025
S&P Global Ratings has raised its long-term issuer credit rating on QBE Insurance to ‘A’ from ‘A-‘, and has also raised the issuer credit and financial strength ratings on its core operating entities to ‘AA-‘...
Posted: May 23, 2025
AXA XL, the property and casualty (P&C) and specialty risk division of global insurer AXA, has announced the appointment of Jamie Chambers as Chief Executive Officer (CEO) of Greater China, effective June 20, 2025. In this expanded role, Chamb...
Posted: May 23, 2025
BMS Group, the London-based independent re/insurance broker, has acquired Istanbul, Turkey-based Oria Sigorta ve Reasürans Brokerliği A.Ş. Financial details were not provided. Founded in 2019, Oria is an independent insurance and reinsurance broking...
Posted: May 23, 2025
Former major league outfielder/first baseman Darin Ruf is suing the Cincinnati Reds for damages after he suffered a career-ending injury while crashing into an uncovered tarp roller at Great American Ballpark two years ago. The lawsuit filed Thursday...
Posted: May 23, 2025
Texas regulators are warning that wastewater from fracking in the biggest US oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming the environment. Shale oil wel...
Posted: May 23, 2025
MAPFRE Economics, the research arm of MAPFRE, a Spanish-domiciled insurer, in its latest Economic and Industry Outlook report, notes that the insurance sector holds firm against President Trump’s tariffs. However, lower economic activity globally...
Posted: May 23, 2025
The Missouri Department of Commerce and Insurance released preliminary uninsured estimates for properties in the St. Louis in response to the F3 tornado that struck the region on Friday, May 16. DCI Department Director Angela Nelson said the departme...
Posted: May 23, 2025
Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming “a new area of confrontation” with Russia, putting the country’s critical infrastructure increasingly at risk. His warning comes a day after Polish...
Posted: May 23, 2025
Great-West Lifeco Inc. has announced Lindsey Rix-Broom, currently CEO of Canada Life U.K., has been appointed as CEO, Europe, effective July 1, 2025. This move follows the news that David Harney, currently President & COO, Europe and Capital &...
Posted: May 23, 2025
A crime victim will need a deep bench when responding to a cyber incident. While the role of brokers, privacy counsel and forensic investigators is well understood, the contribution of insurance claim professionals cannot be overlooked. A victim may...
Posted: May 23, 2025
Cetus Protocol, a decentralized crypto exchange and key liquidity provider on the Sui blockchain, said it lost approximately $223 million in a security breach. The project confirmed the incident in a post on X, formerly Twitter, stating that its smar...
Posted: May 23, 2025
A European official said on Thursday that the United States is “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The European Union has proposed revising the cap down to an indicative level ...
Posted: May 23, 2025
Increased flood vulnerability in Texas has revealed a widening insurance gap that threatens to increase the financial loss of future flood events, a new report from the Neptune Research Group has revealed. Experts predict that over the next three...
Posted: May 23, 2025
Simply Business has more than doubled its customer base in the last five-and-a-half years, and in 2024 surpassed the one-million-global-customer milestone.
Posted: May 23, 2025
At least four people died and thousands are without power as severe storms lashed Australia’s most populous state. Large swaths of New South Wales state remain on high alert for floods and extreme weather. Heavy rainfall is expected to continue...
Posted: May 23, 2025
A federal judge on Wednesday rejected arguments made by an artificial intelligence company that its chatbots are protected by the First Amendment — at least for now. The developers behind Character.AI are seeking to dismiss a lawsuit alleging the com...
Posted: May 23, 2025
Intact Insurance Specialty Solutions, the US insurance subsidiary of Intact Financial Corporation, has appointed Aaron Belair as its new President of Technology, North America (NA), based in San Francisco. In the role, he will focus on strengtheni...
Posted: May 23, 2025
European officials are weighing how to respond to US efforts to thwart local DEI programs, as the two regions come closer than ever to clashing over anti-discrimination policies. US embassies across Europe have spent the past few weeks sending letter...
Posted: May 23, 2025
The Independent Insurance Agents and Brokers of America celebrated a “significant victory” for independent agents with the passage of a sweeping tax bill this week by the House of Representatives. The so-called “Big Beautiful Bill&#...
Posted: May 23, 2025
The future of underwriting will be built on closer relationships between carriers and insurance agents, with carriers working hand-in-hand with agencies to maximize profits from books of business. That was the word from Chad Combs, vice president of...
Posted: May 23, 2025
On April 21, 2025, Georgia lawmakers enacted sweeping tort reform through Senate Bills 68 and 69, signaling a significant recalibration of the state’s civil litigation framework. While proponents claim these reforms will reduce “frivolous...
Posted: May 23, 2025
The former manager of the Harvard Medical School Morgue this week pled guilty to interstate transport of stolen human remains. Acting U.S. Attorney Attorney John Gurganus in Pennsylvania reported that Cedric Lodge, of Goffstown, New Hampshire, admitt...
Posted: May 23, 2025
A Mexican navy tall ship’s fatal collision with the Brooklyn Bridge on Saturday highlighted a hazard that has worried seafarers for nearly 150 years. Even before construction on the bridge was finished in the late 19th century, the topmast of &...
Posted: May 23, 2025
A Massachusetts man has agreed to plead guilty to hacking cloud-based education software provider PowerSchool and stealing data pertaining to millions of students and teachers that hackers used to extort the company and school districts into paying r...
Posted: May 23, 2025
Insurance and reinsurance Lloyd’s broker, United Insurance Brokers Ltd (UIBL), has announced the appointment of Sean Scales as Associate Director within its Marine Division. In his new role, Scales will focus on North American cargo and stock thro...
Posted: May 23, 2025