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Brown & Riding, headquartered in Dallas, Texas, named Lauren Root as vice president of its national property practice. Based in the firm’s Houston, Texas, office, Root specializes in property and inland marine coverage with expertise in cat...
Posted: Aug 19, 2025
The US property and casualty (P&C) insurance sector is projected to remain profitable for the next several years, driven mainly by a rapid turnaround in the private auto sector in 2024, according to a recent S&P report. Rating agency S&...
Posted: Aug 19, 2025
Hurricane Erin Bounces Through Categories, Keeps Forecasters Guessing Hurricane Erin weakened to...
Posted: Aug 19, 2025
Judge Rules Tesla Drivers Can Pursue Class Action Over Self-Driving Claims Tesla must face a certified...
Posted: Aug 19, 2025
Chicago-domiciled insurer CNA Financial Corporation has announced several leadership changes to enhance its underwriting capabilities, including the appointment of David Haas as President of Global Specialty. In his new role, Haas will oversee Fin...
Posted: Aug 19, 2025
W.R. Berkley Corp. announced the formation of Berkley Edge, a new business providing professional liability and casualty insurance for small to mid-sized businesses. Berkley Edge will focus on hard-to-place and distressed risks, offering coverage exc...
Posted: Aug 19, 2025
Four major heat waves, dry conditions and strong winds have turned Europe into a tinderbox this summer, fueling the most destructive wildfire season in nearly two decades. Blazes have scorched about 8,948 square kilometers (3,455 square miles) across...
Posted: Aug 19, 2025
Albert Geraci, area president of wholesale broker Risk Placement Services, has taken the helm as president of the Florida Surplus Lines Association. He replaces Virginia Clancy, who was in the role for 2024-2025. “This year, we will continue to...
Posted: Aug 19, 2025
Pivix Specialty Insurance Services, an excess and surplus (E&S) focused MGA, has announced the launch of a brokerage division led by Michael Gramm. Pivix, founded in September 2024 by industry veteran Mike Miller, entered the market with a con...
Posted: Aug 19, 2025
Renaissance, a network of independent insurance agencies, has acquired the agency network business of Evolution Partners, a California-based membership group that helps independent insurance agencies secure direct appointments with insurance carriers...
Posted: Aug 19, 2025
Regulators have approved another new property insurer for the Florida market – Vision Insurance Exchange – led by former Florida Peninsula Insurance CEO Roger Desjadon. The Cape Coral-based Vision is the 15th property-casualty firm to set up shop in...
Posted: Aug 19, 2025
In the re/insurance industry, data standards that ensure structured, high-quality, and interoperable information are vital for artificial intelligence (AI) models to function effectively, according to Somesh Mukherjee, VP, Solutions Architecture a...
Posted: Aug 19, 2025
As the overall size of the reinsurance market continues to expand, projected to reach a new high of $649 billion at year-end 2025, market concentration has gradually declined as capital deployment becomes more diversified across the sector, AM Bes...
Posted: Aug 19, 2025
Imagine an industry where what took weeks now happens in minutes. In 2025, over 91% of insurers globally are harnessing AI, fueling a market nearing $4 billion and set for even more explosive...
Posted: Aug 19, 2025
Insurance Business Magazine - US
Posted: Aug 19, 2025
Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling R...
Posted: Aug 19, 2025
Swiss Re Tops List of Largest Reinsurers on Its Shift to IFRS-17 Accounting: AM Best Swiss...
Posted: Aug 19, 2025
Managing general underwriter Ryan Financial Lines has expanded its national Insurance Agents & Brokers E&O Program, now offering an admitted product that is available to retail agents in most states. The enhanced program is tailored for proper...
Posted: Aug 19, 2025
HDI Global, a commercial and specialty lines insurer, reported insurance revenue of €5.1 billion for the first half of 2025, an 8% increase from €4.8 billion in the same period last year. The company said its revenue and net income growth in H1’25...
Posted: Aug 19, 2025
A group of marijuana dispensaries in New York sued the state on Friday after cannabis regulators admitted they accidentally allowed pot shops to open too close to schools, putting the future of the businesses in jeopardy. The lawsuit asks a …
Posted: Aug 19, 2025
T. Rowe Price, a global investment management firm, has announced three senior appointments to support the continued expansion of its insurance business. Headquartered in Baltimore, Maryland, the firm provides a broad range of investment solutions...
Posted: Aug 19, 2025
Atradius UK, a provider of trade credit insurance, surety, and collections services worldwide, has launched a dedicated Surety branch, expanding its ability to deliver bonds and guarantees to businesses across the UK. This reinforces Atradius’s es...
Posted: Aug 19, 2025
CVS Health is not entitled to coverage from insurers, including AIG and Chubb, against thousands of lawsuits over its role in the nation’s opioid crisis, Delaware’s highest court ruled on Monday. The Delaware Supreme Court concluded that...
Posted: Aug 19, 2025
A judge on Monday fined Qantas Airways 90 million Australian dollars ($59 million) for illegally firing more than 1,800 ground staff at the start of the COVID-19 pandemic. The penalty is in addition to the A$120 million ($78 million) in …
Posted: Aug 19, 2025
Global specialty insurer Markel Insurance reported that it has completed the sale of the renewal rights for its $1.2 billion global reinsurance business to Nationwide. This transaction was previously announced on July 30 and is part of what Markel ci...
Posted: Aug 19, 2025
Howden, the global insurance and reinsurance broking group, has appointed Chris Hughes as Chief Executive Officer (CEO) of New Zealand (NZ), effective November, after fulfilling his contractual obligations to his current employer. Meanwhile, Nigel...
Posted: Aug 19, 2025
Aon, a professional services firm specialising in risk, retirement, and health solutions, has reported that the UK bulk annuity market remained active in the first half of 2025, despite a modest slowdown in overall volumes compared with the latter...
Posted: Aug 19, 2025
Inigo Ltd., the Lloyd’s specialty insurer, has launched a product that provides top-up cover on financial fraud policies. The product, called Inigo Crime Excess, is an excess DIC/DIL (difference in conditions and difference in limits) policy de...
Posted: Aug 19, 2025
Placing Platform Limited (PPL) has launched the first general market release from its Microsoft partnership, introducing a new app within Outlook that gives clients access to upcoming products and features. Alongside the app’s launch is direct con...
Posted: Aug 19, 2025
AM Best has noted that life protection reinsurance, driven largely by the US market, has been a key element of the European Big Four reinsurers’ risk profiles, providing diversification and earnings stability, with typical margins of 5%–10%. ̶...
Posted: Aug 19, 2025
Mumbai is facing more heavy rain after a deluge that’s delayed flights, disrupted train services and closed schools, with India’s weather agency issuing its highest warning for the financial hub. Intense rain spells and wind gusts as high...
Posted: Aug 19, 2025
As previously announced, Columbus-domiciled Nationwide, a diversified financial services and insurance company in the United States, has completed the acquisition of the renewal rights of Markel Insurance’s Global Reinsurance business. This signal...
Posted: Aug 19, 2025
Willis, a WTW business, has announced the launch of Gemini, a global digital auto-follow facility designed to provide sustainable capacity locally to clients across their insurance portfolios. The “innovative” solution is set to addres...
Posted: Aug 19, 2025
Global reinsurer Swiss Re has appointed Robin Spencer as Chief Operating Officer (COO) for its Life & Health Reinsurance (L&H Re) business unit, effective 1st September 2025. Based in London, Spencer will oversee Swiss Re’s global L&...
Posted: Aug 19, 2025
Home insurance firm Hippo has announced the appointment of Charles Sebaski as Head of Investor Relations. In his new role, Sebaski will report to Guy Zeltser, Chief Financial Officer, and focus on broadening investor and analyst awareness of the s...
Posted: Aug 19, 2025
MSIG USA, a specialty commercial insurance provider, has appointed Hank Kinne to lead distribution efforts across the Mountain and South Central states, reporting directly to Joseph Fitzpatrick, MSIG USA’s Head of Distribution. Kinne brings over 3...
Posted: Aug 19, 2025
S&P Global Ratings has assigned an ‘A-‘ local currency long-term issuer credit and financial strength rating to Liberty Insurance Co. Ltd. (Liberty China), the China-based underwriting entity of Liberty Mutual Group Inc. The outloo...
Posted: Aug 19, 2025
Aon Accused of Contributing to Collapse of Startup Vesttoo Insurance broker Aon Plc was accused in a...
Posted: Aug 19, 2025
Global law firm Smith, Gambrell & Russell, LLP, has appointed UK-qualified dispute resolution partner, Simon Kilgour, to its London team. Opened in 2017, the firm’s London and Southampton offices house a robust global transportation practice c...
Posted: Aug 19, 2025
Investigators with the North Carolina Department of Insurance last week charged a man with swindling almost $1 million and attempting to gain another $887,500 from travel insurance companies from 2020 to 2024. Michael Gerard Renna, 50, of Clayton, ne...
Posted: Aug 19, 2025
Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Monday. R...
Posted: Aug 19, 2025
Newsmax Media has agreed to pay $67 million to Dominion Voting Systems to settle a $1.6 billion defamation lawsuit over false claims that the voting machine company rigged the 2020 election against U.S. President Donald Trump, it said on Monday. R...
Posted: Aug 19, 2025