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As the insurance landscape evolves, MGAs are presented with opportunities to capture business in new markets
Posted: Apr 07, 2025
The CarAdvise Fuel Program card is powered by Corpay.
Posted: Apr 07, 2025
This rebrand follows The Hartford's primary rebrand.
Posted: Apr 07, 2025
FRANKFORT, Ky. (AP) — A 9-year-old Kentucky boy who died in floodwaters while walking to catch his school bus was remembered by his classroom teacher as the “sweetest, kindest boy.” The death of Gabriel Andrews stunned residents in the Bl...
Posted: Apr 07, 2025
According to the MarketScout Market Barometer, the composite rate for U.S. personal lines kept rising in the first quarter to 4.9%, up from 4% during the prior three-month period. Richard Kerr, CEO of Novatae Risk Group, said the increase was …
Posted: Apr 07, 2025
Chubb Arabia, part of the global insurance carrier, has appointed Kamran Mazhar as its new Chief Executive Officer (CEO). In his role, Mazhar will lead Chubb Arabia’s strategic direction and business operations. Additionally, he will focus o...
Posted: Apr 07, 2025
The European Commission is considering counting international carbon credits towards its next climate target, a move that could weaken the CO2-cutting efforts it demands from domestic industries, sources familiar with the matter told Reuters. The ide...
Posted: Apr 07, 2025
Global credit markets began to come under fire on Monday, driving the cost of insuring against corporate and sovereign default higher, as recession fears rippled across equities, commodities and currencies. Trillions of dollars have been wiped off gl...
Posted: Apr 07, 2025
Facing a mature domestic market with limited growth potential due to a shrinking and aging population, Japanese insurers are expanding into international markets, like the US and Australia, and making acquisitions to diversify revenue and sustain...
Posted: Apr 07, 2025
Leading governance adviser Institutional Shareholder Services (ISS) has recommended Generali investors vote to hand CEO Philippe Donnet another term at a general meeting on April 24. Donnet has been put forward as a candidate by the insurer’s m...
Posted: Apr 07, 2025
Reinsurance broker Gallagher Re has announced the appointment of Thomas Dubecq as Head of International Regional Retro. Dubecq joins Gallagher Re from Guy Carpenter, where he spent the past five years, most recently serving as Chairman, Africa, ov...
Posted: Apr 07, 2025
As the marine re/insurance sector marks the one-year anniversary of the Baltimore Bridge collapse, the industry continues to navigate the long-term implications of what has been one of its most significant loss events for the industry in recent ye...
Posted: Apr 07, 2025
CelsiusPro Group is strengthening its Climate Resilience Solutions offerings with the addition of a highly experienced Disaster Risk Finance (DRF) team. Joining Global Parametrics, a CelsiusPro Group company since September 2023, the team brings e...
Posted: Apr 07, 2025
Technology is greatly amplifying the capabilities of criminals to deceive employees and produce outsized, illegitimate gains. The post
Posted: Apr 07, 2025
Specialty insurer Beazley has promoted Sydonie Williams to Head of International Cyber Risks. Williams will assume the role immediately, having previously held the position of Focus Group Leader, RoW, Cyber Risks. Beazley highlighted that since jo...
Posted: Apr 07, 2025
Insurance Business Magazine - US
Posted: Apr 07, 2025
The European Commission has approved, under EU State aid rules, a €1.5 billion (PLN 6.4 billion) Polish scheme to provide State-supported reinsurance of insurance for transport on the territory of Ukraine. Poland, through its public export credit...
Posted: Apr 07, 2025
Plymouth Rock Home Assurance Corp., headquartered in Boston, appointed Kevin Zygmunt as its chief operating officer. In his new role, he oversees operations for the marketing, underwriting, service, and claims teams for the home group. Zygmunt most r...
Posted: Apr 07, 2025
The reinsurance arm of Vienna Insurance Group, VIG Re, has reported preliminary, unaudited full-year 2024 gross written premiums (GWP) growth of 9.2% to €983.3 million, driven by its third-party reinsurance and VIG business segments. The reinsurer...
Posted: Apr 07, 2025
Growth in the insurance sector driven by generative artificial intelligence (gen AI) has the potential to inject up to £59 billion to the UK annual Gross Domestic Product (GDP) by 2038, according to a recent report by Accenture. According to the &...
Posted: Apr 07, 2025
Swiss Re Insurance-Linked Investment Advisors Corporation (SRILIAC), a registered investment adviser and subsidiary of global reinsurer Swiss Re, will become co-investment manager of GAM’s insurance-linked securities (ILS) fund range, including th...
Posted: Apr 07, 2025
Oil company Chevron must pay $744.6 million to restore damage it caused to southeast Louisiana’s coastal wetlands, a jury ruled on Friday following a landmark trial more than a decade in the making. The case was the first of dozens …
Posted: Apr 07, 2025
Meta Platforms Inc. plans to spend nearly $1 billion on the development of a data center project in central Wisconsin, underscoring a larger effort from the social media giant to ramp up investments in AI and cloud infrastructure. In February, …...
Posted: Apr 07, 2025
Dallas, TX, April 7, 2025 — At Risk Theory, evolution is at the core of who we are, and our brand should reflect that. We are excited to announce a refresh of our member company logos—a step forward in strengthening …
Posted: Apr 07, 2025
Posted: Apr 07, 2025
Posted: Apr 07, 2025
UnderwriteMe, the Insurtech company of Pacific Life Re, has appointed Andrew Doran as its new Chief Executive Officer, effective immediately. Doran, who has more than 20 years of experience in the insurance and reinsurance industry, joins Underwri...
Posted: Apr 07, 2025
Bamboo Insurance, a California-based insurance provider specialising in homeowners coverage, has partnered with Incline P&C Group, an insurance programme carrier, to expand insurance capacity in California. This collaboration combines Bamboo’s...
Posted: Apr 07, 2025
MGT Insurance, an AI-driven neo-insurer, has announced the appointments of Paul Bessire as AI & Data Principal Engineer and Jason Johnson as Head of Business Development. Bessire, previously the Chief Technology Officer and Chief Data Officer...
Posted: Apr 07, 2025
A $2 million agreement has been reached in a lawsuit over the death of a young woman while she was in custody at a North Dakota county jail in 2020. Lacey Higdem, 19, died of a drug overdose on June …
Posted: Apr 07, 2025
A Travis County district court judge on Friday awarded $6.6 million to four former senior aides to Attorney General Ken Paxton who said they were improperly fired after reporting Paxton to the FBI. Judge Catherine Mauzy stated in her judgment …
Posted: Apr 07, 2025
Specialist re/insurance broker MNK Group has announced plans to continue growing its business both organically and through mergers and acquisitions (M&A). The company revealed that several M&A deals involving broking and insurance carriers...
Posted: Apr 07, 2025
Bayer said on Friday it was again petitioning the U.S. Supreme Court to sharply limit legal claims that its Roundup weedkiller causes cancer, seeking to avoid potentially billions of dollars in damages. Bayer said in its petition that consumers shoul...
Posted: Apr 07, 2025
As Los Angeles residents digested the apocalyptic scene left by wildfires earlier this year, the stage was simultaneously being set for hedge funds to pursue market-beating returns fanned by climate change. The investment model in question is built a...
Posted: Apr 07, 2025
World Insurance Associates LLC has acquired Royalty Insurance Services in Van Nuys, California. Royalty has been providing commercial trucking insurance for over 23 years. World Insurance Associates is a national financial services organization headq...
Posted: Apr 07, 2025
Kellen Booher has joined CopperPoint Insurance Company’s executive team as President & Chief Operating Officer, effective March 31. As President & COO of CopperPoint, a provider of workers’ compensation and commercial insurance solut...
Posted: Apr 07, 2025
Maryland lawmakers passed a measure Saturday to try to limit future liabilities from claims of sexual abuse at state and private institutions after thousands of people unexpectedly came forward with allegations of abuse, many of them in youth detenti...
Posted: Apr 07, 2025
Maine has approved the insurance industry’s filing that will lower workers’ compensation insurance loss costs an average of 9.6%. The lower loss costs will go into effect for new and renewing policies as of April 1, 2025. According to Sup...
Posted: Apr 07, 2025
Nearly three months after two wildfires destroyed thousands of homes in the Los Angeles area, officials said the death toll from the blazes had reached 30. A team responded last week following a report of possible human remains at a …
Posted: Apr 07, 2025
The average woman working in the UK financial sector earns about a fifth less than their male colleagues, a reflection of how the gender pay gap has stubbornly persisted even during a period when businesses pledged to address workplace inequity ̷...
Posted: Apr 07, 2025
Twenty staffers at a suburban Philadelphia charter school are facing charges related to the alleged physical abuse of students using painful, unapproved techniques to restrain and punish youths in a program meant to help them deal with emotional issu...
Posted: Apr 07, 2025
Builders & Tradesmen’s Insurance Services Inc. promoted Jessica Keefe to senior vice president and head of operations. Keefe has more than 20 years of experience in compliance, operations optimization and strategic business growth. Keefe jo...
Posted: Apr 07, 2025
This post is part of a series sponsored by Expert Insured. MGA and wholesale insurance operations are notoriously complex—dozens of moving pieces spread across disconnected tools, email inboxes, and outdated software. From intake and underwriting to...
Posted: Apr 06, 2025
Claims insight tools are helping workers’ comp claims and care teams collaborate better on care plans, driving improved outcomes. The post
Posted: Apr 06, 2025
Buyer-Friendly April Reinsurance Renewal Bodes Well for Mid-Year Renewals: Broker...
Posted: Apr 06, 2025