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A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,&#...
Posted: May 22, 2025
A small plane crashed into a San Diego neighborhood during foggy weather early Thursday, setting about 15 homes on fire as well as vehicles, and forcing evacuations along several blocks, authorities said. “We have jet fuel all over the place,&#...
Posted: May 22, 2025
Regulated on-chain reinsurance company, Nayms, which has rebranded as OnRe, has launched ONe, an accumulating token for LPs, which currently offers projected returns of up to 36.5%, consisting of reinsurance performance, collateral yield, and toke...
Posted: May 22, 2025
Digital threats, economic pressures, and worker safety form critical risk triad for U.S. executives, Hartford survey shows. The post C...
Posted: May 22, 2025
On 22 May 2025, the Global Federation of Insurance Associations (GFIA), which represents the interests of insurers and reinsurers worldwide, called on the International Association of Insurance Supervisors (IAIS), the global standard-setting body...
Posted: May 22, 2025
Geopolitical risk is everywhere, but it has always been there. The post 9 Questions for The Hartford’s Shailesh Kumar appeared first on
Posted: May 22, 2025
Davies, a professional services and technology specialist serving the insurance market, has secured new credit facilities of £275 million ($370 million), from its existing lead lender Blackstone, to support the company’s growth. The new senior fac...
Posted: May 22, 2025
A federal bankruptcy judge in Connecticut has approved a clergy sex abuse settlement between the Catholic Diocese of Norwich and creditors and survivors that includes a $31 million fund to compensate victims. The plan seeks to provide recovery to tho...
Posted: May 22, 2025
Major airline CEOs on Wednesday called on Congress to approve billions of dollars in funding to modernize the United States’ aging air traffic control system, saying it is “failing Americans.” The Federal Aviation AdministrationR...
Posted: May 22, 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has announced the appointment of Hannah Greenwood as Chief Underwriting Officer (CUO) for Bermuda. In her new role, Greenwood will oversee Fidelis Insurance Bermuda’s underwrit...
Posted: May 22, 2025
Global insurer and reinsurer Everest has announced the appointment of Jim Lye as Head of Everest Global Markets (EGM), its London-based wholesale division. Lye joins from Antares Managing Agency Limited, where he spent 12 years in roles including...
Posted: May 22, 2025
BMS Group, an independent global insurance and reinsurance broker, has expanded its presence in the Turkish market with the acquisition of Istanbul-based Oria Sigorta ve Reasürans Brokerliği A.Ş. Owned and Chaired by Cenk Erden, Oria is an indepen...
Posted: May 22, 2025
Descartes Underwriting, a provider of corporate parametric insurance solutions specialising in climate, cyber, and emerging risks, has revealed two important senior appointments aimed at strengthening its operations and claims functions. These new...
Posted: May 22, 2025
Demand for political risk insurance has gone up by 33% due to considerable uncertainty around the geopolitical and macroeconomic environment, a new Howden report has revealed. The ‘Opportunity in flux’ highlights how increased geopolitical rivalri...
Posted: May 22, 2025
Tamika Puckett has been appointed as Executive Vice President and Public Sector Practice Leader, at Protecdiv, where she will lead the development and execution of the firm’s risk management strategies for public sector clients, overseeing a...
Posted: May 22, 2025
HDI Global, a commercial and specialty lines insurer, reported an improved combined ratio of 91.1% for the first quarter of 2025, compared to 91.8% in the same period last year. The net insurance financial and investment result before currency eff...
Posted: May 22, 2025
Thames Water tops a list of water companies under criminal investigation for pollution by the UK government, a move that could complicate efforts to turn around the beleaguered British utility. The firm, which serves about a quarter of the UK, …...
Posted: May 22, 2025
Italian insurer Generali has reported growth in its consolidated operating result of 8.6% to €2.1 billion for the first quarter of 2025, driven by all business segments, notably its Property and Casualty (P&C) arm as the combined ratio strengt...
Posted: May 22, 2025
Climeworks AG is laying off 106 people, as startups that aim to reverse global warming face a reckoning with the US government slashing climate incentives and programs. The Swiss startup was one of the first companies to develop direct-air capture &#...
Posted: May 22, 2025
Given the widespread tornado, hail, and wind damage across the central and eastern United States, Aon has suggested that the May 14–17 outbreak could rank among the costliest severe weather events in U.S. history when adjusted for inflation. In a...
Posted: May 22, 2025
Life insurer Pacific Life Re has entered into a second asset intensive reinsurance agreement with Tokio Marine & Nichido Life Insurance Co., Ltd. (Anshin Life), a domestic life insurance subsidiary of Tokio Marine Holdings. The new deal builds...
Posted: May 22, 2025
A first-of-its-kind insurance product has been launched in Argentina to protect the critically endangered jaguar while supporting local livestock owners. It was developed through a partnership between the Government of the Province of Misiones, th...
Posted: May 22, 2025
Aircraft lessor SMBC Aviation Capital has booked a further $654 million in proceeds from insurance settlements over the past year related to jets stranded in Russia following Western sanctions, the Irish-headquartered company said on Thursday. That b...
Posted: May 22, 2025
Cyber insurers are offering tools that could significantly reduce your identity risk—but most organizations aren’t using them. One of the most significant advancements in the sector is the increased emphasis on loss control services. These serv...
Posted: May 22, 2025
Reinsurance broker Gallagher Re has announced the addition of Sarah Maune to its Life Solutions team as Vice President (VP). Maune brings over 16 years of life re/insurance experience to her new role. She is joining Gallagher Re following a decade...
Posted: May 22, 2025
Russia will defend its vessels in the Baltic Sea by all legal means, the Kremlin said, days after briefly deploying a fighter jet as Estonian officials tried to halt a so-called shadow fleet tanker in their economic zone. “A fairly …
Posted: May 22, 2025
Labuan IBFC Inc., an Asian financial hub known for its insurance, reinsurance, Islamic finance, and digital business solutions, has announced the appointment of Steven Choy Khai Choon as Chairman, and Dr. Aida Othman as a member of its Board of Di...
Posted: May 22, 2025
A Republican proposal to block states from regulating artificial intelligence for 10 years drew opposition on from a bipartisan group of attorneys general in California, New York, Ohio and other states that have regulated high-risk uses of the techno...
Posted: May 22, 2025
More than two months after a tornado demolished his Mississippi home, Brian Lowery still sifts through the rubble, hoping to find a tie clip his mother gave him, made from the center stone of her wedding band. “I still have …
Posted: May 22, 2025
A British aviation firm contends in a lawsuit that a Florida aircraft management company failed to properly inspect a Learjet, botched repairs to landing gear – which allegedly caused a tire blowout on landing – then failed to verify inspection ̷...
Posted: May 22, 2025
The owner of a San Jose-based security company was sentenced after a California Department of Insurance investigation reportedly uncovered a multiyear scheme to underreport payroll and avoid paying workers’ compensation insurance premiums. Raul...
Posted: May 22, 2025
SOUTH KINGSTOWN, R.I. (AP)— One of Rhode Island’s most famous restaurants has been damaged after a fire broke out early Tuesday morning. Union Fire District Steve Pinch says firefighters arrived at 3:45 a.m. to find heavy smoke and flames comin...
Posted: May 22, 2025
The head of the Environmental Protection Agency clashed with Democratic senators Wednesday, accusing one of being an “aspiring fiction writer” and saying another does not “care about wasting money.” Democrats countered that EP...
Posted: May 22, 2025
Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales. Between January and April, Washington Insurance C...
Posted: May 22, 2025
Washington’s insurance commissioner issued more than $500,000 in fines for insurance law violations, including $250,000 against an unlicensed insurer and $30,000 for illegal pet insurance sales. Between January and April, Washington Insurance C...
Posted: May 22, 2025
Golden Bear Insurance Company hired Greg Hohman as chief underwriting officer. Hohman has experience in the excess and surplus lines sector, most recently serving as chief underwriting officer at Munich Re Specialty Insurance. Previous roles include...
Posted: May 22, 2025
Allianz Trade, a provider of trade credit insurance and part of the Allianz Group, has released new findings from its 2025 Global Survey that show just how sharply the ongoing US trade war is hitting international exporters. The survey, which gath...
Posted: May 22, 2025
The service includes a suite of insurance products tailored specifically for data centers.
Posted: May 21, 2025
The insurer reported a combined ratio of 84.9% and net income of $986 million.
Posted: May 21, 2025
This new fund brings MRV's assets under management to $1.2 billion.
Posted: May 21, 2025
Insurance Business Magazine - US
Posted: May 21, 2025
The carrier reported a net underwriting loss of $1.5 million during the quarter.
Posted: May 21, 2025
Over 62% of all property/casualty insurance in the U.S. is written by independent agents, reflecting a major shift in the industry.
Posted: May 21, 2025
The agreement includes the transfer of in-force policy administration and claims servicing to Unum.
Posted: May 21, 2025