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The combined value of the transaction is expected to be approximately $250 million consisting of both ceding commission and capital released over time.
Posted: May 01, 2025
The Liberty Mutual logo will be displayed across the abdomen of all Liberty jerseys beginning with the 2025 WNBA season.
Posted: May 01, 2025
This news follows the recent announcement of Barry Cook as Deputy CEO of TMHCC.
Posted: May 01, 2025
A COVID-19 hangover. The hard market. The movement of policies from the admitted market to excess & surplus lines. Whether a single factor or a combination is to blame, one thing is certain: Errors & omissions claims are on the rise.
Posted: May 01, 2025
This post is part of a series sponsored by EZLynx. For independent agents, crafting the perfect email—whether it’s for a new policyholder, a renewal reminder, or a marketing campaign—can be surprisingly time-consuming. Making sure every message...
Posted: May 01, 2025
Republicans moved a step closer Thursday to repealing a federal waiver allowing California to ban gasoline-powered cars by 2035, a policy that had drawn opposition from automakers, fuel producers and President Donald Trump himself. The U.S. House vot...
Posted: May 01, 2025
Stay ahead of the competition with prompt website lead response [L]eads are 21 times more likely to convert when contacted within five minutes as opposed to 30 minutes. By Chris Paradiso In today’s digital world, speed is everything. The time it take...
Posted: May 01, 2025
The agency business—like college football—is changing on almost a daily basis What happens in your business or job when there is a “win”? Do all employees and clients cheer? Do all those involved in your business share the excitement of winning?...
Posted: May 01, 2025
The Trump administration sued Michigan and Hawaii seeking to block the states from suing oil companies for damage caused by climate change, less than two months after the US Supreme Court rebuffed a Republican bid to derail such legal efforts. …...
Posted: May 01, 2025
Bennett Enterprises Inc., doing business as Ralphie’s Sports Eatery Company, will pay $125,000 and provide other relief to settle a race, disability and retaliation discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commissio...
Posted: May 01, 2025
Texas Health and Human Services Commission late Wednesday began notifying another 33,529 recipients of state benefits that their private information had been improperly accessed. The latest announcement comes as the state agency continues to investig...
Posted: May 01, 2025
Despite federal policy uncertainty stunting growth prospects, US clean hydrogen industry leaders at the BloombergNEF summit see one bright spot: Texas. President Donald Trump’s tariffs are impacting the industry as are the murky fate of federal...
Posted: May 01, 2025
Jim Williamson, CEO of Bermuda-based re/insurer Everest, said today that he expects the mid-year reinsurance renewals to be attractive, and that he doesn’t see property catastrophe reinsurance rates decreasing to a level that makes it a less...
Posted: May 01, 2025
Insurance Business Magazine - US
Posted: May 01, 2025
Insurance Business Magazine - US
Posted: May 01, 2025
Insurance Business Magazine - US
Posted: May 01, 2025
Top three buyers account for 25% of deals in Q1, while overall transaction volume drops 15%, Optis Partners reports. The post Insurance B...
Posted: May 01, 2025
Coalition, an active insurer focused on preventing digital risks through its subsidiary, Coalition Insurance Solutions, a filial of Coalition Insurance Solutions GmbH, Tyskland, has launched its Active Cyber Insurance in the Nordic region. The off...
Posted: May 01, 2025
Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurance broker in the Southeast. The company also named Rebecca Roberts as its new president. Roberts has 30 years in the &#...
Posted: May 01, 2025
MIAMI (AP) — A federal judge told attorneys for the state of Florida on Tuesday that an order freezing the enforcement of a new state immigration law absolutely applies to all of the state’s local law enforcement agencies, despite a …
Posted: May 01, 2025
Tokio Marine HCC International (TMHCCI), the London-based subsidiary of insurance group Tokio Marine HCC, has announced a leadership transition as Thibaud Hervy steps into the role of Chief Executive Officer (CEO), subject to regulatory approval....
Posted: May 01, 2025
TALLAHASSEE, Fla. (AP) — Florida is poised to become the second state to ban fluoride in public drinking water, overriding the concerns of dentists and public health advocates who say the mineral is a safe, effective way to protect people …
Posted: May 01, 2025
SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role. For the pas...
Posted: May 01, 2025
SmartChoice Names Caldwell CEO Smart Choice, headquartered in Greensboro, North Carolina, restructured its executive leadership, naming Andrew Caldwell as CEO, while founder Doug Witcher has transitioned to the chairman of the board role. For the pas...
Posted: May 01, 2025
First quarter net income for The Hanover Group grew to $128.2 million compared to $115.5 million during the same period a year ago. The Worcester, Massachusetts-based insurer’s Q1 combined ratio was 94.1, and improvement over 95.5 a year ago du...
Posted: May 01, 2025
Florida’s Senate late Wednesday refused to go along with a prevailing-party attorney-fee amendment to a phosphate mine bill, likely leaving it dead for 2025 as the legislative session nears the end. The amendment to Senate Bill 832, approved by...
Posted: May 01, 2025
Simon West, Director of Customer Engagement at Resilience, commented on the recent cyberattacks targeting Marks & Spencer (M&S) and Co-op, stressing that the incident is particularly concerning due to the attackers’ use of advanced t...
Posted: May 01, 2025
May 2025 ITL FOCUS: Customer Experience Customer Experience sradomski Thu, 05/01/2025 - 10:1...
Posted: May 01, 2025
Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, announced the launch of its Active Cyber Insurance product in the Nordic region. Coalition’s offerings are available in Denmark as of May 1, 2025, and will...
Posted: May 01, 2025
Lightspeed Voice offers tech solutions beyond a VoIP service By Christopher W. Cook Could you imagine moving 299,792,458 meters per second? And I thought the lap around the Indianapolis Motor Speedway in a two-seater IndyCar going close to 180 mph wa...
Posted: May 01, 2025
Project 55’s resources and training can help individuals support co-workers struggling with mental health challenges By Maura C. Ciccarelli The following story mentions mental health struggles and suicidal ideation. Reader discretion is advised Insur...
Posted: May 01, 2025
Bermuda-based re/insurers are expected to face gross claim losses nearing US$10 billion in payments to policyholders and cedants in the United States following the catastrophic January 2025 wildfires in Southern California. These fires, which have...
Posted: May 01, 2025
Doing what’s right is the watch-phrase for this women-owned agency By Dennis H. Pillsbury In 1950, Ed and Eleanor “Ellie” Boniakowski started EA Boniakowski Insurance Services in recognition of the need for reputable insurance products and service th...
Posted: May 01, 2025
The growing gap between the two By Carey Wallace There is no shortage of buyers in today’s insurance marketplace. In fact, for any given agency looking to sell, there may be 30-plus potential buyers interested. But not all buyers are the same and eve...
Posted: May 01, 2025
How insurance agencies can hire and retain top talent By Kellie Lail Success in business starts with a strong team, and every agency owner knows that the right people can make all the difference. In today’s competitive market, expanding your team mig...
Posted: May 01, 2025
The probe into the deadly Southern California Eaton fire is likely to take a year or more as authorities examine Edison International’s utility equipment as the possible cause, according to the company’s chief executive officer. Edison, m...
Posted: May 01, 2025
Protecting the protectors when something goes wrong By Frank Huver Houses of worship are not immune to the rising phenomenon of violence that plagues our society. In fact, a recent report by the Family Research Council (FRC) indicates that hostile ac...
Posted: May 01, 2025
Insurance—an industry of opportunity— offers flexibility and possibility for a new generation of women By Rajni Kapur I moved from India to the United States in 1999. In the 25-plus years since then, the insurance industry—an industry that I, like so...
Posted: May 01, 2025
As the market softens four principles to help develop a renewed foundation built on trust By Jack Calabrese Did the longest hard market in recent years put a strain on your carrier relationships? Unfortunately, if you’re like many agents and produc...
Posted: May 01, 2025
How to build leaders and reap the rewards By Matt Naimoli Many insurance agency owners find themselves stuck in dual roles as producers and operational managers. While they may have staff members handling day-to-day tasks, they often lack a true lead...
Posted: May 01, 2025