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Neptune Insurance Files for US Listing as IPO Window Reopens Flood insuran...
Posted: Sep 04, 2025
Lloyd’s first half underwriting result dropped by half to £1.5 billion ($2.0 billion) from £3.1 billion ($4.2 billion) in H1 2024, which was driven primarily by claims from January’s California wildfires. The market’s combined ratio...
Posted: Sep 04, 2025
McGill and Partners, an independent global specialty insurance and reinsurance broker, has announced the appointment of Mike Reynolds as Group CFO, succeeding Dominic Mignon. Reynolds brings nearly 30 years of leadership experience in the insuranc...
Posted: Sep 04, 2025
S&P Global Ratings has released its ranking of the top 40 global reinsurers based on year-end 2024 gross reinsurance premiums written (GPW), with Swiss Re taking the top spot at $43.1 billion, overtaking Munich Re from last year. For reinsuran...
Posted: Sep 04, 2025
Global Indemnity Group, LLC (GBLI) has announced that its subsidiary, Penn-America Underwriters, LLC (PAU), has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations for commercial insurance. The...
Posted: Sep 04, 2025
One of the top collegiate athletic conferences is doubling down on its partnership with Allstate. Allstate has agreed to a sponsorship deal with the Big 12 Conference that will give the carrier premier integration across the conference’s marque...
Posted: Sep 04, 2025
Aon, a global insurance and reinsurance broking group, has announced the appointment of Qin Lu as Head of North Asia. In this role, Qin will oversee teams across Japan, Korea, Mainland China, Hong Kong, Taiwan, and Macau, uniting them under a sing...
Posted: Sep 04, 2025
Several wildfires were burning in the foothills of the Sierra Nevada area, forcing evacuations and destroying buildings in a historic mining town. The fires were started by numerous lightning strikes that hit California this week. Dubbed the TCU Sept...
Posted: Sep 04, 2025
The Texas House gaveled out of the second special session late Wednesday, leaving behind Senate Bill 6, which would have broadly banned consumable hemp products with any “detectable amount of any cannabinoid.” Only those with cannabidiol...
Posted: Sep 04, 2025
Florida’s Insurance Commissioner Mike Yaworsky is penalising eight insurers a combined $2,075,000 for claims-handling violations identified during market conduct examinations for Hurricanes Ian and/or Idalia. Examinations uncovered several instanc...
Posted: Sep 04, 2025
Fitch Revises Global Reinsurance Sector Outl...
Posted: Sep 04, 2025
Volatile Casualty Cat Market Offers $5B Opportunity for Reinsurers: Repo...
Posted: Sep 04, 2025
Allianz Commercial, with U.S. headquarters in New York City, named Mary Ann Stewart as regional head of liability, North America, effective September 22. Based in Chicago, Stewart will be responsible for the strategic direction and management of Alli...
Posted: Sep 04, 2025
Two adults were killed and seven children injured in an accident in a remote area of an all-terrain vehicle park in Alabama, authorities said. No one was wearing a harness or restraint in the off-road vehicle. The side-by-side RZR, an …
Posted: Sep 04, 2025
Moody’s has announced the appointment of Simon Harris to lead its Insurance Initiative, aiming to strengthen the firm’s presence and impact in the global insurance sector. In this role, Harris will partner with MA’s Insurance Solutions group and M...
Posted: Sep 04, 2025
A federal jury determined on Wednesday that Alphabet’s Google must pay $425 million for invading users’ privacy by continuing to collect data for millions of users who had switched off a tracking feature in their Google account. The verdi...
Posted: Sep 04, 2025
Miami linebacker Adarius Hayes has been charged with three counts of vehicular homicide and one count of reckless driving with serious bodily injury, all of which followed the investigation into a May crash that killed three people. Hayes surrendered...
Posted: Sep 04, 2025
University of Miami linebacker Adarius Hayes has been charged with three counts of vehicular homicide and one count of reckless driving with serious bodily injury, all of which followed the investigation into a May crash that killed three people. Hay...
Posted: Sep 04, 2025
Tysers Insurance Brokers, an independent Lloyd’s broker and member of the Australian AUB Group, has entered a strategic partnership with insurance broker Rönesans Reinsurance & Insurance Brokerage, as part of its expansion across Türkiye and a...
Posted: Sep 04, 2025
Jacksonville-based Brightway Insurance has acquired GlobalGreen Insurance Agency, a multi-state network writing $270 million in annual premium. GlobalGreen is headquartered in Chesterfield, Missouri, and has affiliate operations across the country. J...
Posted: Sep 04, 2025
Jacksonville-based Brightway Insurance has acquired GlobalGreen Insurance Agency, a multi-state network writing $270 million in annual premium. GlobalGreen is headquartered in Chesterfield, Missouri, and has affiliate operations across the country. J...
Posted: Sep 04, 2025
Global Indemnity Group announced that its subsidiary Penn-America Underwriters has completed the acquisition of Sayata, an AI-enabled digital distribution marketplace and agency operations platform for commercial insurance. Global Indemnity Group sai...
Posted: Sep 04, 2025
Australian general insurers spent around AUD2.5 billion on reinsurance last financial year, a strategy that prevented the need for up to AUD70 billion in capital to cover natural disasters and other major claims, according to research from the Act...
Posted: Sep 04, 2025
S&P Global Ratings, a provider of credit ratings and financial analysis, has stated that reinsurers’ growing reliance on managing general agents (MGAs) represents both opportunity and risk. According to S&P, MGAs enable reinsurers to acces...
Posted: Sep 04, 2025
The SEADRIF Insurance Company made a payout of $2 million to the Ministry of Finance of Lao PDR on 1st September 2025, under a first-of-its-kind policy that uses official government data on the number of people affected as the sole payout trigger,...
Posted: Sep 04, 2025
President Donald Trump’s administration plans to revoke federal approval of Avangrid’s planned New England Wind project off the coast of Massachusetts, according to a court filing on Wednesday. The legal maneuver is the latest move by U.S...
Posted: Sep 04, 2025
Willis Re, a specialised reinsurance broker, has announced that industry veteran Neville Ching has joined the company in Bermuda to support the firm’s reinsurance joint venture. As a reminder, in December 2024, WTW confirmed its plan to re-enter t...
Posted: Sep 04, 2025
Member companies of the Association of Bermuda Insurers and Reinsurers (ABIR) recorded a solid performance in 2024, showing a 10% increase in premium written, an 8.5% rise in total equity and gross written premium (GWP) increased to over $188 bill...
Posted: Sep 04, 2025
River Valley Underwriters, Inc has announced that it will be acquiring the book of business from Patriot National Underwriters, Inc, as well as the current employees. The parties expect to complete the transaction effective September 1, 2025. RVU is...
Posted: Sep 04, 2025
Dale Underwriting Partners, the trading name of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, a specialist insurer at Lloyd’s of London, has announced it will cease writing Offshore Energy as an independent class of business. The decision...
Posted: Sep 04, 2025
Insurance Business Magazine - US
Posted: Sep 04, 2025
Global specialty insurer and reinsurer Ascot Group has announced the appointment of Stephen O’Flynn as Senior Vice President, Underwriter on the Ascot Re Casualty Treaty team in Bermuda. In this role, O’Flynn will report to Sean Ramlal...
Posted: Sep 04, 2025
Lockton Re, the reinsurance business of the independent insurance broker, has launched its Dubai operations, which will be led by Gerard Monayer as Chief Executive Officer (CEO), Lockton Re, Middle East and North Africa (MENA). The move marks the...
Posted: Sep 04, 2025
A South Dakota father and son have been ordered to pay over $4 million to resolve violations of the False Claims Act arising out of their 2018 and 2019 crop insurance fraud, according to the U.S. Attorney’s Office, District of …
Posted: Sep 04, 2025
OAK Global is launching a new strategic business unit, OAK Enterprise, which will be focused on underwriting retrocession business with an appetite for property and specialty classes. The newly formed Lloyd’s Syndicate 1440 has received in-prin...
Posted: Sep 04, 2025
In a frank letter accompanying Lloyd’s half-year results, CEO Patrick Tiernan called for a reset of expectations around key milestones for Blueprint Two, including market testing, dress rehearsals and a safe cutover, confirming that the re-platfor...
Posted: Sep 04, 2025
Global reinsurance provider OAK Re has rebranded its group identity to OAK Global, and launched a strategic business unit, OAK Enterprise, to underwrite retrocession business with an appetite for property and specialty classes, which will also pro...
Posted: Sep 04, 2025
Lloyd’s, the specialist insurance and reinsurance marketplace, generated gross written premium (GWP) of £32.5 billion in the first half of 2025, while the underwriting result contracted to £1.5 billion as the Los Angeles, California wildfire...
Posted: Sep 04, 2025
A global ship management and maritime services company was ordered to pay $2 million for improperly discharging oily waste into the Gulf of Mexico, the U.S. Attorney’s Office, Middle District of Louisiana announced last week. V.Ships Norway A.S...
Posted: Sep 04, 2025
Insurance Business Magazine - US
Posted: Sep 04, 2025
Insurance Business Magazine - US
Posted: Sep 04, 2025