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In a three-way deal involving carriers, underwriters, holding companies and more, catastrophe-focused managing general underwriter SageSure announced it will acquire the managing general agent for Florida-based Olympus Insurance Co. At the same time,...
Posted: Sep 10, 2025
A North Carolina firefighter who was shot while answering a fire alarm call is recovering, while a suspect is in jail. The Associated Press and local media reported that the fireman was shot last week in Ellerbe. One fire truck …
Posted: Sep 10, 2025
Arthur J. Gallagher & Co. announced the acquisition of St. Paul, Minnesota-based Bremer Insurance Agencies, Inc. Terms of the transaction were not disclosed. Bremer Insurance Agencies, a subsidiary of Old National Bancorp (NASDAQ:ONB) following t...
Posted: Sep 10, 2025
The New Orleans Archdiocese on Monday agreed to a $230 million proposed settlement for survivors of clergy sexual abuse, attorneys for some of the survivors said Monday. The agreement paves the way for a final resolution to yearslong negotiations ami...
Posted: Sep 10, 2025
Meta Platforms and TikTok on Wednesday won a legal challenge to the way EU regulators calculated a supervisory fee imposed on them under landmark tech rules, but will receive no money back while officials reformulate the levy. Meta and ByteDance̵...
Posted: Sep 10, 2025
Artificial intelligence (AI) is set to have a profound impact on claims handling, according to Michael Cook, partner at PwC UK, who spoke during the firm’s Global Insurance Run-Off Survey and Insights on the Legacy Market briefing at RVS 2025 in M...
Posted: Sep 10, 2025
Insurance industry leaders must position for structural shift as emerging risks reshape liability landscape: Aon and Moody's. The post
Posted: Sep 10, 2025
U.S. Disaster Aid Taking Longer to Get to Victims Survivors of major natural disasters in the U.S. ar...
Posted: Sep 10, 2025
Kinks Remain in Traffic Jam Driver Assistance Technology:...
Posted: Sep 10, 2025
Lincoln International, a global investment banking advisory firm, said it has a definitive agreement to acquire MarshBerry, an advisory firm serving the insurance brokerage, insurance distribution, and wealth management sectors for over 40 years. Lin...
Posted: Sep 10, 2025
Sompo Holdings, Inc., one of Japan’s leading insurers, has partnered with WTW, an insurance and reinsurance broking group, to deploy its Radar technology across the insurance group to accelerate data-driven management across pricing, underwriting,...
Posted: Sep 10, 2025
Republican U.S. Senator Ted Cruz introduced a bill on Wednesday that would let artificial intelligence companies apply for exemptions to federal regulation to help them experiment in developing new technology. Cruz leads the Senate Commerce Committee...
Posted: Sep 10, 2025
Atrium, a specialty insurance group at Lloyd’s, has announced the appointment of Mark Connellan as Underwriter in its Aviation team. In this role, Connellan will work alongside Bassel Matta, Head of Aviation, strengthening the team’s position in t...
Posted: Sep 10, 2025
Anderson is a senior finance executive with more than 20 years of experience in portfolio management, investment strategy, asset allocation and security analysis.
Posted: Sep 10, 2025
Tritton, who will start later this month will remain based in London and report to H.W. Kaufman Group International CEO Paul Greensmith.
Posted: Sep 10, 2025
The company appointed three executives to its ESG Risk Solutions division as it looks to expand the product internationally.
Posted: Sep 10, 2025
U.S. commercial insurance rates increased 3.8% in the second quarter of 2025, according to the latest WTW Commercial Lines Insurance Pricing Survey (CLIPS). WTW said the price increase has been very close to 6% over the past six quarters. Carriers &#...
Posted: Sep 10, 2025
ZestyAI, a company specialising in AI-driven property risk analytics, has introduced a new feature in its Severe Convective Storm risk suite that allows insurers to update risk scores based on property improvements. The company, which provides dat...
Posted: Sep 10, 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, reported that the US property and casualty (P&C) insurance sector delivered notably strong underwriting results in the first half of 2025 and is expected to remain profitab...
Posted: Sep 10, 2025
DOJ Drops Defense of Ban on Employee ‘Noncompete’ Agreements President Donald Trump's administration abandon...
Posted: Sep 10, 2025
Swiss Re, Munich Re and Hannover Re Top List of 40 Largest Reinsurers in 2025: S&P Swiss Re tops the...
Posted: Sep 10, 2025
Insurers that have not indicated they will pay claims from sexual abuse survivors currently have no standing to contest certain claims as they are being considered, a federal bankruptcy judge recently ruled in a case involving the Roman Catholic Dioc...
Posted: Sep 10, 2025
Kettle, an AI-enabled re/insurer for commercial property owners in areas affected by catastrophic climate events, has appointed Chris Kaarre as Senior Vice President (SVP) of Underwriting. Kaarre has extensive experience in the insurance industry,...
Posted: Sep 10, 2025
Amazon.com Inc.’s autonomous driving unit Zoox has started offering rides to the public in Las Vegas, marking a first in the U.S. for a purpose-built robotaxi with no driver controls. Starting Wednesday, Zoox will offer trips in and around the...
Posted: Sep 10, 2025
Cyber attacks continue with no sign of letting up in sight. Insureds, their brokers and carriers, need to collaborate to avoid heavy losses. The post WS...
Posted: Sep 10, 2025
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across mos...
Posted: Sep 10, 2025
Pricing and returns in the reinsurance market are expected to gradually come off recent highs, with the market facing moderately weaker, but still sound, operational and business conditions in 2026. Abundant capacity and rising competition across mos...
Posted: Sep 10, 2025
Speaking at the Monte Carlo Rendez-Vous de Septembre, Carmen Bueso, CUO Non-Life at MAPFRE RE, said the firm does not anticipate major changes at the 1/1 2026 renewals, maintaining its client-focused approach underpinned by strong technical discip...
Posted: Sep 10, 2025
A portfolio claims analysis shared by Resilience, a cyber risk solutions company, showed the year-over-year average cost of individual ransomware attacks rose by 17% in the first half of 2025. The new report found that successful attacks are becoming...
Posted: Sep 10, 2025
Tokio Marine Kiln (TMK), a specialist insurer, has named Phoebe Liew as Special Risks Underwriter with a focus on Credit and Political Risk. Based in Singapore, she steps into the role immediately and will report to Cindy Gunawan, Head of Special...
Posted: Sep 10, 2025
London headquartered insurance platform Apollo is expanding its presence in the re/insurance sector, with Director of Strategic Partner Syndicates Andy Gray and Chief Engagement Officer and Head of New Business Development, Matt Newman, sharing in...
Posted: Sep 10, 2025
Insurance Business Magazine - US
Posted: Sep 10, 2025
Insurance Business Magazine - US
Posted: Sep 10, 2025
Insurance Business Magazine - US
Posted: Sep 10, 2025
SageSure has entered into a definitive agreement to acquire Gemini Financial and its subsidiaries, including Olympus MGA, the managing general agent for Olympus Insurance Company. The transaction is expected to close in the first quarter of 2026,...
Posted: Sep 10, 2025
Munich Re, the reinsurance company, reports that growth in cyber insurance premiums is slowing, as heightened competition and a moderate decline in demand put downward pressure on prices. Global cyber insurance premiums reached nearly $15 billion...
Posted: Sep 10, 2025
According to AM Best, a composite of seven reinsurance groups domiciled in the US and Bermuda—where reinsurance constitutes the majority of their underwriting portfolios—continued to demonstrate favourable performance in 2024. The seven companies...
Posted: Sep 10, 2025
Chedid Re, an independent reinsurance broker and part of Chedid Capital, has announced the appointment of Claude Kassab as Head of Asia-Pacific (APAC). In this role, he will be responsible for managing both facultative and treaty operations across...
Posted: Sep 10, 2025
The use of artificial intelligence in insurance continues to grow. Here’s how the industry is using AI to optimize and augment its processes while keeping people at the center of the equation. The post
Posted: Sep 10, 2025
Willis, a business of the broker WTW, announced the launch of a Global Risk Engineering team, as a key expansion of its Global Risk & Analytics (R&A) business. By consolidating and elevating its engineering capabilities, Willis said it is enh...
Posted: Sep 10, 2025
McGill and Partners has reported organic revenue growth of more than 20% in H1 2025 and a significant increase of 79% in adjusted EBITDA, against H1 2024. Alongside the announcement of these record results, McGill and Partners revealed it has also...
Posted: Sep 10, 2025
IQUW Re Bermuda, announced plans to expand its predominantly property cat reinsurance product suite with the additions of mortgage, credit, and cyber reinsurance to its portfolio. This continued product expansion comes at a time of significant develo...
Posted: Sep 10, 2025
European property and casualty (P&C) insurance run-off group Marco Capital has acquired Benteler Reinsurance Company DAC in an undisclosed transaction. Incorporated in January 2003, Benteler Re is a captive reinsurance company wholly owned by...
Posted: Sep 10, 2025
While higher volumes, stronger investment income and diversification are helping offset the impact of softening prices, analysts at Berenberg believe another key driver of rising reported profits is reinsurers’ allocation of part of their strong u...
Posted: Sep 10, 2025