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Just over a month since insurance brokerage Arthur J. Gallagher & Co. said it had a definitive agreement in place to buy Woodruff Sawyer for $1.2 billion, the deal is closed. Gallagher said April 10 that the acquisition of San …
Posted: Apr 11, 2025
Berkshire Hathaway Specialty Insurance Company (BHSI), a division of Warren Buffett’s Berkshire Hathaway, has announced a number of leadership moves in its North America casualty business. Based in Chicago, Matt Hale will be overseeing BHSI’...
Posted: Apr 11, 2025
Given the recent strong results that are driving capital flows, along with Florida reforms that have proven highly effective, analysts from Citizens JMP Securities expect pricing at the June 1 renewals to decrease modestly. Readers will know that...
Posted: Apr 11, 2025
Dallas-based Novatae Risk Management, part of World Insurance Associates, has purchased Ajax Specialty Insurance, a wholesaler based in Atlanta. Andy Bierbaum is the owner of Ajax. He founded the company in 2012 and in 2018 brought in co-owner and pa...
Posted: Apr 11, 2025
Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances. Resilience now offers...
Posted: Apr 11, 2025
Italian insurance giant Generali’s Global Corporate & Commercial (GC&C) business unit has promoted Michele Pignoli as Head of Alternative Risk Transfer (ART) and Parametrics. Pignoli has over 13 years of insurance industry experience, havi...
Posted: Apr 11, 2025
The US has decided – again – to upend the global trading system. With the latest raft of tariffs just beginning to kick in, and after a week in which markets worldwide fell precipitously, the Trump administration announced that it …
Posted: Apr 11, 2025
A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …
Posted: Apr 11, 2025
Persistent flooding and severe weather across parts of the Mississippi River Valley from April 2 to 7 are expected to result in insured losses reaching into the hundreds of millions of USD, according to Aon’s weekly catastrophe report. Continuous...
Posted: Apr 11, 2025
Sweden ousted the country’s chief financial regulator amid a controversy over an apparent conflict of interest. Daniel Barr, head of the Financial Supervisory Authority, will leave his position on June 19 to work at another government office, a...
Posted: Apr 11, 2025
Global insurance brokerage Arthur J. Gallagher & Co. has announced that it has completed its acquisition of San Francisco, California-based Woodruff Sawyer. Woodruff Sawyer is a brokerage and consulting firm offering a full suite of commercial...
Posted: Apr 11, 2025
Markel, the insurance operations within Markel Group Inc., has announced the promotion of Matthew Brooke to Senior Underwriter, War and Terrorism, effective immediately. In his new role, Brooke will be responsible for driving the profitable expans...
Posted: Apr 11, 2025
Everything changes, but our mission remains the same: keep workers safe. The post Uncertainty Looms: The F...
Posted: Apr 11, 2025
Lloyds-focused investment vehicle Helios Underwriting has reported its unaudited Net Asset Value (NAV) per share has increased by 13%, to £2.14 – £140,101 million in Net Assets – for the quarter to December 31, 2024. Comparably, Helios...
Posted: Apr 11, 2025
Global insurance and reinsurance broker Aon has appointed Erlantz Urbieta as Chief Broking Officer (CBO) for Europe, the Middle East and Asia (EMEA), effective immediately. Urbieta succeeds Terence Williams, who will assume the role of Head of Com...
Posted: Apr 11, 2025
Global reinsurers will experience only a minor impact from declines in global equity markets triggered by tariffs and counter-tariffs imposed by the U.S. and other nations, thanks to their conservative investment strategies, says S&P. Last wee...
Posted: Apr 11, 2025
An investor group led by Ethos Capital, British Columbia Investment Management Corporation (BCI), and White Mountains Insurance Group will acquire an ownership position in BroadStreet Partners. Under the terms of the agreement, Ontario Teachers’ P...
Posted: Apr 11, 2025
Sarah Palin and the New York Times are headed back to a courtroom where the former Alaska governor and Republican vice presidential candidate will try convincing a second jury the newspaper defamed her in an editorial about gun control. A …
Posted: Apr 11, 2025
Baroness Kay Swinburne has been appointed as the new independent Chair of the Association of British Insurers (ABI), taking over from Baroness Nicky Morgan, who was the inaugural holder of the position. The role of independent Chair was introduced...
Posted: Apr 11, 2025
Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertica...
Posted: Apr 11, 2025
Willis, a WTW business headquartered in New York City, appointed Dom Spinelli as head of transactional insurance claims for North America. He leads the claims function within Willis’ Alternative Asset Insurance Solutions (AAIS) industry vertica...
Posted: Apr 11, 2025
Civil unrest and protest activity have become a key concern for companies and insurers around the world, a recent report by Allianz Commercial has revealed. According to the Allianz Risk Barometer 2025, businesses have ranked political risks and v...
Posted: Apr 11, 2025
Billionaire investor Warren Buffett’s Duracell battery maker was accused by chemical producer BASF SE of stealing trade secrets about lithium ion battery technology. BASF, the world’s biggest chemical maker by revenue, claims in a lawsuit...
Posted: Apr 11, 2025
James “Jay” Robinson, formerly with Aon, has joined World Insurance Associates as Southeast division revenue leader, the brokerage announced. Robinson has more than 20 years of experience in the insurance industry and recently was senior...
Posted: Apr 11, 2025
Global marine insurer Skuld has appointed Thea Thorstensen to its global business development team and Nicola Kingman as Global Head of Yachts. Thorstensen has been with Skuld for over a decade, holding various roles including Underwriter Executiv...
Posted: Apr 11, 2025
The Pennsylvania Insurance Department (PID) has approved a workers’ compensation filing with an 8.67% reduction in loss costs. New or renewal policies issued on or after April 1, 2025 will be subject to the new loss costs. Because loss costs &#...
Posted: Apr 11, 2025
The Utah Insurance Department’s Fraud Division is warning consumers about an increase in fake auto insurance policies being marketed to the Hispanic community using WhatsApp. The department has not identified the sellers, but they believe them...
Posted: Apr 11, 2025
California lawmakers have blocked a bill to make oil and gas companies liable for damage to homes from natural disasters caused by climate change, warning it could raise gas prices. The bill would have allowed victims of natural disasters, including...
Posted: Apr 11, 2025
The First Circuit Court of Appeals has blocked the 3M Co.’s attempt to remove New Hampshire’s PFAS chemical case to federal court. The appeals court affirmed a 2023 order by the U.S. District Court for the District of New Hampshire …...
Posted: Apr 11, 2025
An insurer has succeeded in holding a Massachusetts city responsible for $40,000 in damages caused by a tree that fell from city property onto an insured’s home. Citation Insurance Co. paid the homeowner’s damages claim and then sought re...
Posted: Apr 11, 2025
A little-known insurance product is gaining traction in Canada as exporters seek to guard against losses and bankruptcies of their suppliers and customers due to U.S. President Donald Trump’s tariffs, insurers said. Trade credit insurance for i...
Posted: Apr 11, 2025
This post is part of a series sponsored by Cotality. While the Los Angeles wildfires disrupted and devastated so many lives, they also highlighted the urgent need for property insurance stakeholders to come together and start addressing the insurance...
Posted: Apr 10, 2025
A subcontractor called the general contractor and told him he moved a water supply line, after which a leak occurred. The sub filed a claim, but now denies he ever touched the supply line. The sub's carrier won't follow through with the claim.
Posted: Apr 10, 2025
The standards aim to support end-to-end digitalization across the industry.
Posted: Apr 10, 2025
The new release expands the capabilities of Majesco Copilot and introduces other AI-enabled automation and operational tools for improved efficiency and scalability.
Posted: Apr 10, 2025
Insurance veteran Grace Hanson seeks to fix broken claims handling processes with an AI-driven solution.
Posted: Apr 10, 2025
The diagnostic tool helps insurers assess performance and develop strategies for sustainable growth.
Posted: Apr 10, 2025
Through the partnership, the insurer seeks to reduce water damage claims and promote conservation.
Posted: Apr 10, 2025
Spinelli will lead North American claims operations within the Alternative Asset Insurance Solutions group.
Posted: Apr 10, 2025
A sightseeing helicopter crashed into the Hudson River on Thursday, killing all six people on board, the latest in a string of incidents in recent months that has rattled confidence in US aviation safety. “At this time, all six victims …
Posted: Apr 10, 2025
TripExcess provides a "fast, flexible" alternative to traditional annual excess policies.
Posted: Apr 10, 2025
Pre-fill ACORD Forms and ensure consistency across submissions HawkSoft and Sembley are announcing a new integration that streamlines the insurance submission process for independent agencies. This partnership enables agencies to...
Posted: Apr 10, 2025
Insurance Business Magazine - US
Posted: Apr 10, 2025