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Nationwide survey reveals severe weather worries now a top concern for commercial property owners in wildfire-prone states and hurricane regions. The post
Posted: May 08, 2025
Aspen Insurance priced its New York initial public offering within its marketed range on Wednesday, raising $397.5 million for the Bermuda-based specialty insurer. The Apollo Global Management-owned insurer sold 13.25 million shares at $30 apiece, co...
Posted: May 08, 2025
U.S. Transportation Secretary Sean Duffy on Thursday will call for tens of billions of dollars to overhaul America’s strained air traffic control system to address crumbling infrastructure, dramatic staffing shortfalls and failing technology. K...
Posted: May 08, 2025
Atrium, the specialty insurance group at Lloyd’s, has announced the appointment of Emma Croucher as Head of US General Liability. In her new role, Croucher will oversee the management and building of Atrium’s US General Liability and Medical...
Posted: May 08, 2025
Marsh Taps FERMA’s Beaupérin as Client Leader, Risk Management, Europe Marsh, the insurance brokerage business of Marsh McLennan, announced the appointment of Typhaine Beaupérin as client leader, Risk Management, Europe, effective end of June 2...
Posted: May 08, 2025
MIAMI (AP) — A South Florida jury has awarded $3 million to a man who was severely injured by a defective airbag in a 2020 crash. Miami-Dade jurors reached a verdict for Jose Hernandez on Thursday, according to court records. …
Posted: May 08, 2025
American Integrity Insurance Group has priced its initial public offering (IPO) of 6,875,000 shares of common stock at $16.00 per share. The offering includes 6,250,000 shares being sold by American Integrity and 625,000 shares offered by existing...
Posted: May 08, 2025
CFC, the London-based managing general agent and cyber specialist, announced the launch of its new simplified intellectual property (IP) product. Sector agnostic and designed for all sizes of companies from start-ups and to those with a turnover of u...
Posted: May 08, 2025
The family of a U.S. airman who was shot by a Florida sheriff’s deputy inside his own home sued the deputy, the sheriff and the owner of the airman’s apartment complex on Tuesday, saying they want to ensure people are …
Posted: May 08, 2025
Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer b...
Posted: May 08, 2025
Zurich Insurance reported higher first-quarter revenue and gross written premiums at its core property/casualty (P/C) business on Thursday, maintaining its targets despite instability in the crucial U.S. market. Europe’s third-largest insurer b...
Posted: May 08, 2025
A recent engineering report on a 46-year-old condominium building in Clearwater found no significant structural problems before cracks were found in a concrete support column this week, according to local news reports. The Tampa Bay Times and other n...
Posted: May 08, 2025
Sheila Cameron, CEO of the Lloyd’s Market Association (LMA), has suggested that with Patrick Tiernan and Charles Roxburgh appointed as the new CEO and Chair of Lloyd’s, they are stepping in at a “pivotal point” and have a real opportun...
Posted: May 08, 2025
David Soutter has joined legacy reinsurance and run-off specialist RiverStone International as Head of Risk, Bermuda. A re/insurance executive with experience in financial reporting, regulatory reporting, risk management and treasury related matte...
Posted: May 08, 2025
Reinsurer Greenlight Re’s net income increased to $29.6 million in the first quarter of 2025, as a stronger investment result more than offset a $7.8 million underwriting loss amid elevated losses from catastrophes. Greenlight Re’s underwrit...
Posted: May 08, 2025
Consilium, the global specialty re/insurance broking business of the Aventum Group, has announced the appointment of Nick Woodward as Chief Claims Officer (CCO). Woodward, an ACII-qualified re/insurance lawyer, is recognised as a multi-class and j...
Posted: May 08, 2025
Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal fini...
Posted: May 08, 2025
Lloyd’s, the re/insurance marketplace, announced that Patrick Tiernan has been appointed as chief executive officer by the Council of Lloyd’s, succeeding John Neal. Tiernan will begin his tenure as Lloyd’s CEO on June 1 as Neal fini...
Posted: May 08, 2025
Registration is open for a live and free-to-attend webcast hosted by Artemis, our insurance-linked securities (ILS) focused sister publication, in collaboration with Computershare, which will delve into the state of the catastrophe bond and relate...
Posted: May 08, 2025
In a new market update, Australian insurer Suncorp has disclosed that it incurred natural hazard costs of AUD 1.115 billion in the 10 months to April 30th, 2025, which has eroded almost 72% of the carrier’s AUD 1.560 billion full year natura...
Posted: May 08, 2025
Rokstone, an international specialty re/insurance MGA and part of the Aventum Group, has appointed Lewis Goodearl as Head of its newly established UK and Ireland Casualty division. Goodearl joins Rokstone from Convex, where he has spent the past f...
Posted: May 08, 2025
Zurich has reported that insurance revenue and gross written premiums (GWP) in its Property & Casualty (P&C) segment rose by 5% each in Q1 2025, reaching $10.8 billion and $13.3 billion, respectively. According to Zurich, the Q1 2025 growt...
Posted: May 08, 2025
Chris Jones, the new CEO of the International Underwriting Association (IUA), announces a dual focus on strengthening underwriting and claims expertise and reassessing emerging and systemic risks. Announced in March 2025, Chris Jones officially as...
Posted: May 08, 2025
Howden Re, the reinsurance and strategic advisory division of Howden, has launched its fourth edition of the Brazil and Global Climate Impacts report, created in collaboration with MeteoIA, a climate analytics firm. This latest report provides an...
Posted: May 08, 2025
Two teenage basketball players, a coach and a trainer from the Tulsa, Oklahoma, area who were on their way back from a tournament were among eight people killed in a fiery head-on highway crash in eastern Kansas. Authorities said the …
Posted: May 08, 2025
Aspen Insurance Holdings has announced the pricing of its upsized initial public offering (IPO) of 13,250,000 Class A ordinary shares (par value $0.001) at $30.00 per share. In April, Aspen initially planned to offer 11,000,000 Class A ordinary sh...
Posted: May 08, 2025
Nearly Quarter of People on Long-Acting Opioids Develop Addiction More than one...
Posted: May 08, 2025
The Council of Lloyd’s has appointed Patrick Tiernan as Chief Executive Officer (CEO) of the specialist Lloyd’s insurance and reinsurance marketplace, effective June 1st, 2025. Tiernan’s appointment is subject to approval and consent from th...
Posted: May 08, 2025
The Clear Group MGA Division has unveiled its rebranding, stating that starting from 1st May 2025, both Profile Underwriting and One Commercial Specialty will trade as Shape Underwriting. This strategic decision marks the first stage of Clear’s pl...
Posted: May 08, 2025
Recent actions by President Donald Trump’s administration, including staff cuts at the Food and Drug Administration, have raised questions among consumers about food safety in the United States. Here is an explanation of how food safety inspect...
Posted: May 08, 2025
Global Atlantic Financial Group, a retirement and life insurance provider serving individuals and institutions, has expanded its presence in Bermuda with a move to a new headquarters at Washington House on Church Street in Hamilton. This relocatio...
Posted: May 08, 2025
St. Louis has agreed to pay $4 million to settle a class action lawsuit alleging that inmates at a former medium-security jail were housed in “inhumane conditions” that included rodent feces in food, infestations of bugs and snakes, and u...
Posted: May 08, 2025
Hub International Limited announced that it has acquired the assets of FGLP Equity Partners, LLC dba Demarie Insurance Agency (Demarie Insurance). Terms of the transaction were not disclosed. Located in Lake Charles, Louisiana, Demarie Insurance is a...
Posted: May 08, 2025
Verisk Analytics, a data analytics and technology provider, reported a 6.8% growth in underwriting revenues for the first quarter of 2025, with an even stronger increase of 7.2% on an organic constant currency (OCC) basis. Underwriting revenue in...
Posted: May 08, 2025
Trident Reciprocal Exchange, a technology-driven, Florida-focused, and member-owned insurance company, has announced the appointment of Ryan Hodges as Chief Executive Officer. Trident Reciprocal Exchange is a newly established de novo reciprocal e...
Posted: May 08, 2025
UnitedHealth Group was sued on Wednesday for allegedly concealing how backlash from the killing of a top executive was damaging its business, causing its stock to nosedive after the insurer lowered its 2025 outlook. In a proposed class action filed &...
Posted: May 08, 2025
SK Group Chairman Chey Tae-won apologized on Wednesday for a massive data leak at South Korea’s largest mobile carrier, SK Telecom, which has caused concern among its 23 million users over the possible theft of personal and financial informatio...
Posted: May 08, 2025
The UK has named China as the dominant threat to national cybersecurity after a series of hacks and breaches involving British government departments and critical infrastructure. “China remains the pacing threat in the cyber realm,” Richa...
Posted: May 08, 2025
The European Union’s executive arm is set to propose a new package of sanctions targeting Moscow’s covert fleet of oil tankers as it seek to crank up pressure on Russia over its war against Ukraine. The sanctions suggested by the …
Posted: May 08, 2025
The U.S. surplus lines market notched double-digit year-over-year (YoY) premium growth from 2018-2023, as wholesale brokers tapped this market with greater frequency to explore coverage solutions for businesses amid expanding risks. The magnitude of...
Posted: May 08, 2025
A mental healthcare facility was ordered to pay $40,460 after the California Labor Commissioner’s Office found the company unlawfully terminated a care facility worker for reporting workplace violations. The LCO cited Ali Baba Corp. for workpla...
Posted: May 08, 2025
Applied Systems has released the first-quarter 2025 results of the Applied Rating Index, showing both year-over-year and quarter-over-quarter increases in average premium rate changes for Personal Auto and Personal Property lines. In Q1’25, Person...
Posted: May 08, 2025
Oregon worker’s compensation claims fell in 2023 from the previous two years, a report from the Oregon Department of Consumer and Business Services shows. The department received notification of 22,994 accepted disabling claims for occupational...
Posted: May 08, 2025
Oregon worker’s compensation claims fell in 2023 from the previous two years, a report from the Oregon Department of Consumer and Business Services shows. The department received notification of 22,994 accepted disabling claims for occupational...
Posted: May 08, 2025
A barrier described as an “anti-climb fence” is in the works for the Pennsylvania governor’s official residence, the state police chief said Tuesday, less than a month after a late-night intruder jumped the existing fence, broke int...
Posted: May 08, 2025
Willis, a WTW business headquartered in New York City, appointed David Lofstrom as deputy regional leader, New England within corporate risk and broking (CRB) in North America. Lofstrom’s new position includes working closely with the full New...
Posted: May 08, 2025
A Long Island school district is accusing two insurers of ducking their responsibilities to defend and indemnify it against lawsuits by former students claiming they were sexually abused by an elementary school teacher decades ago. Bay Shore Union Fr...
Posted: May 08, 2025
Utah-based insurance brokerage Trucordia has acquired Huffman Insurance, a personal and commercial lines insurance agency with offices across Virginia, including locations in Lexington, Staunton, and Covington. Founded by Bolivar and Hazel Huffman in...
Posted: May 08, 2025
SBLI has introduced a new advancement to its claims experience.
Posted: May 08, 2025