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$1 Trillion! 2024 P/C Industry Direct Premiums At Record Level An industrywide...
Posted: Apr 04, 2025
Ineligible Claims Submissions Results in Return of $30M to Florida Hurricane Catastrophe Fund Nearly $30 mill...
Posted: Apr 04, 2025
California Bill Would Allow Workers to Refuse to Work in Unsafe Condit...
Posted: Apr 04, 2025
Posted: Apr 04, 2025
Posted: Apr 04, 2025
Insurance Business Magazine - US
Posted: Apr 04, 2025
Insurance Business Magazine - US
Posted: Apr 04, 2025
Gov. Gavin Newsom said he’s seeking exemptions for California-made products from retaliatory tariffs and wants to open talks with global allies over new trade relationships, casting the state as a buffer against the fallout of Donald Trump̵...
Posted: Apr 04, 2025
The April reinsurance renewals saw a competitive, buyer-friendly market with plentiful capacity and price reductions for loss-free accounts – in a continuation of the favorable market conditions seen in January, according to reports published by Aon...
Posted: Apr 04, 2025
This post is part of a series sponsored by Expert Insured. Managing the entire insurance lifecycle can be a daunting task for MGAs and wholesalers, with processes spanning from underwriting to policy issuance and accounting. Expert Insured is a compr...
Posted: Apr 04, 2025
Fitch Ratings, a provider of credit ratings, commentary, and research, has highlighted in a new report that global insurers are facing rising regulatory costs driven by structural changes in the life insurance sector, climate change, and the growi...
Posted: Apr 04, 2025
What Forecasters Mean When They Warn of a 100-Year Flood Weather forecasters sometimes warn of storms t...
Posted: Apr 04, 2025
Federal Judge Rules Several Companies Face Lawsuit Over Tainted Baby Food A U.S. judge sai...
Posted: Apr 04, 2025
Brown & Riding, headquartered in Dallas, hired Robert Conyers Jr., to lead B&R’s environmental practice with Jeff Hubbard. With over eight years of industry experience, Conyers joined Brown & Riding in 2017 and was named a principal...
Posted: Apr 04, 2025
Commercial insurance rates across the US continued to rise in the first quarter of 2025, with the composite rate increasing to 3%, according to a recent analysis by MarketScout. Richard Kerr, CEO of Novatae Risk Group, observed, “Umbrella and exce...
Posted: Apr 04, 2025
Members of the Insurance Development Forum (IDF), Europa RE, Swiss Re, and the United Nations Development Programme (UNDP), with support from BMZ through the InsuResilience Solutions Fund (ISF), have launched a new agricultural insurance solution...
Posted: Apr 04, 2025
As cyber threats evolve with AI and geopolitical tensions, insurers face unprecedented challenges in protecting organizations worldwide, Munich Re reports. The post
Posted: Apr 04, 2025
Oracle Corp. has told customers that a hacker broke into a computer system and stole old client log-in credentials, according to two people familiar with the matter. It’s the second cybersecurity breach that the software company has acknowledge...
Posted: Apr 04, 2025
Massachusetts-based insurer The Hanover Insurance Group, Inc. has appointed Richard W. Lavey to the newly created role of Chief Operating Officer (COO). In the newly expanded role, Lavey will further develop the inusrer’s business strategy t...
Posted: Apr 04, 2025
Daniel Kilberg, area executive vice president, Gallagher, and a 2024 Real Estate Power Broker winner, talks about his brokering journey with Risk & Insurance. The post
Posted: Apr 04, 2025
A Pennsylvania woman who sold part of her barn for use in a barn-rebuilding TV reality show now faces charges after investigators said she filed a fraudulent wind claim on the structure. Tracey Jeffreys, 63, of the Milton area, had …
Posted: Apr 04, 2025
French insurer Groupama has posted its annual results for 2024, which include a net income of €961 million and an economic operating income of €954 million, up €52 million despite moderate weather loss experience. Growth in economic operating inco...
Posted: Apr 04, 2025
Insurance Business Magazine - US
Posted: Apr 04, 2025
Peak Reinsurance Co. Ltd., a Hong Kong-based global reinsurer, announced it was granted a reinsurance branch license in India. Peak Re has been authorized to write both property/casualty and life & health business, which the company said “m...
Posted: Apr 04, 2025
The Hanover, based in Worcester, Massachusetts, named Dick Lavey to the newly created role of chief operating officer, the property-casualty insurer said. Lavey has 35 years of experience in insurance and technology, including the past 19 years at Th...
Posted: Apr 04, 2025
Global insurance and reinsurance broker Aon has appointed Natalie Lim as Agriculture Retrocession Leader in Singapore. In her new role, Lim will focus on agriculture retrocession business and the development of new agriculture insurance solutions...
Posted: Apr 04, 2025
The latest people news in the industry today. The post The Hartford Announces Expansion of Roles for Two Company Executives app...
Posted: Apr 04, 2025
The latest people news in the industry today. The post Nikki Jackson Appointed Head of Learning...
Posted: Apr 04, 2025
A growing cyber protection gap is affecting small businesses, requiring a concerted effort from key industry stakeholders, including cyber brokers, underwriters, and reinsurers to help close it, according to a recent report by CyberCube. The repor...
Posted: Apr 04, 2025
The latest people news in the industry today. The post Marsh Appoints Amy Barnes as Global Head of Energy & Power appeared first on
Posted: Apr 04, 2025
The Travelers Companies launched Travelers Cyber Risk Services, a suite of capabilities added to all cyber liability policies designed to help lower the risk of a cyberattack and the cost to recover from one. In addition to always-on threat monitorin...
Posted: Apr 04, 2025
Off the coast of Nigeria, one of the world’s largest oil production ships, called the Bonga, was taking oil from a field on the ocean floor and transferring it to a tanker ship. Such transfers are routine in the offshore …
Posted: Apr 04, 2025
Anne Hoffmans has been promoted to Executive Vice President of Program Underwriting at AM Specialty Insurance Company. Hoffmans has been part of ASIC since 2023, when she joined the company as SVP, Program Underwriting. “From developing robust eco...
Posted: Apr 04, 2025
Elizabeth Wooliston, Underwriting Director at the Lloyd’s Market Association, has noted that the tariffs recently imposed by U.S. President Donald Trump could have significant implications for insurers, including potential supply chain adjustments...
Posted: Apr 04, 2025
Britain’s financial industry has made little progress in recruiting more women to top positions, a new report from the UK finance ministry said on Thursday, a pace of change the head of British insurer Aviva called “unacceptable.” F...
Posted: Apr 04, 2025
WTW’s Willis business has expanded its CyXS facility, offering USD/GBP/EUR 115m of capacity through Lloyd’s syndicates and up to USD/GBP/EUR 40m from outside of the Lloyd’s marketplace. The Willis CyXS facility now includes the n...
Posted: Apr 04, 2025
Ageas Re, the reinsurance division of international insurance group Ageas, has appointed Shahrokh Shahpoori Monfared as Lead Underwriter Engineering, effective May 1st, 2025. Monfared brings extensive experience in underwriting a full spectrum of...
Posted: Apr 04, 2025
Hackers targeting Australia’s major pension funds in a series of coordinated attacks have stolen savings from some members at the biggest fund, according to a source with knowledge of the matter, and compromised more than 20,000 accounts. Natio...
Posted: Apr 04, 2025
According to a report from Moody’s, a global credit ratings, research, and risk analysis firm, Europe’s four largest primary insurers—Allianz, AXA, Generali, and Zurich Insurance —have reported record earnings for FY 2024, collectively...
Posted: Apr 04, 2025
Italy’s biggest insurer Generali intends to heed advice from the government when Rome starts reviewing a planned asset management tie-up with France’s BPCE, CEO Philippe Donnet said in a newspaper interview on Friday. Generali in January...
Posted: Apr 04, 2025
Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments...
Posted: Apr 04, 2025
Italian insurer Generali will not put up a fight to defend a planned asset management tie-up, if Rome’s opposition stiffens once a government review of the deal starts, CEO Philippe Donnet said in a newspaper interview. Donnet’s comments...
Posted: Apr 04, 2025