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Insurance Is a Good Business If It’s Private

coverager

Hallworth will join AIG on September 1, 2025.

Posted: Aug 18, 2025

AM Best maintains negative outlook on Brazil’s reinsurance market

Reinsurance News

Credit rating agency AM Best has announced it is maintaining a negative outlook on Brazil’s reinsurance market segment, citing political uncertainty and tax reform measures that are pressuring the industry’s profitability. The report noted that re...

Posted: Aug 18, 2025

BHSI promotes Irfan Esa to Head of National Business, UK

Reinsurance News

Berkshire Hathaway Specialty Insurance (BHSI), a provider of commercial property, casualty, and specialty insurance solutions, has promoted Irfan Esa to Head of National Business in the UK. Esa brings over two decades of experience in the UK insur...

Posted: Aug 18, 2025

After Player Safety Report and $9M Jury Award, US Tennis Starts Coaching Program

Insurance Journal

The U.S. Tennis Association announced the start of its first all-encompassing coaching program on Wednesday, a little more than a year after an outside review of the USTA’s safeguarding system offered recommendations for how to better protect p...

Posted: Aug 18, 2025

Mercury targets growth in higher wildfire risk areas with new California rate filing

Reinsurance News

Mercury Insurance, a California-based provider of auto and home insurance, has submitted a rate filing for its California Homeowners program, based on the State’s Sustainable Insurance Strategy, to expand coverage in high-risk wildfire zones...

Posted: Aug 18, 2025

Zhibao Technology signs agreement to form joint venture for risk reduction services in China

Reinsurance News

Zhibao Technology Inc., a China-based InsurTech company specialising in digital insurance brokerage, has announced that it has entered into an agreement to establish a joint venture with Beijing Zhongfang Hongchuang Technology Company Limited, a w...

Posted: Aug 18, 2025

Apollo’s Fox Hedge Is Taking Financial Wizardry to a New Level

Insurance Journal

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Private Credit: Apollo’s Fox Hedge Is Taking Financial Wizardry to New Level

Insurance Journal

Advanced Credit Solutions is a tiny finance firm based in Luxembourg that was founded by a Belgian and works with insurers. Despite its outwardly bland appearance, the business it does is anything but. The little-known outfit is the brains behind &#8...

Posted: Aug 18, 2025

Sukoon Insurance names Sandy Warne as Active Underwriter for Syndicate 2880

Reinsurance News

Sukoon Insurance has announced the appointment of Sandy Warne as Active Underwriter for Syndicate 2880. Warne brings nearly 30 years of experience in the re/insurance industry, spanning specialty lines insurance broking, underwriting, and reinsura...

Posted: Aug 18, 2025

Just Group secures £56m full-scheme buy-in for Brother Staff Pension Scheme

Reinsurance News

Just Group has completed a £56 million full-scheme buy-in with the Brother Staff Retirement Benefits Scheme, securing the benefits of all 679 Scheme members, comprising 299 pensioners and dependents, as well as 380 deferred members. The scheme is...

Posted: Aug 18, 2025

Northern China Flash Flood Kills 10, Xinhua Reports

Insurance Journal

At least 10 people died in a flash flood in northern China, state media reported on Sunday [Aug. 17], with two others still missing, as the East Asian monsoon continues to unleash atmospheric chaos across the world’s second-largest economy. The...

Posted: Aug 18, 2025

No End in Sight to Plastic Pollution Crisis as Treaty Negotiations in Geneva Fail

Insurance Journal

Negotiations to reach a major treaty to end growing plastic pollution around the world fell apart on Friday [Aug. 15], with delegates in Switzerland adjourning with no immediate plans to resume. The consequence of the failed talks is devastating, as...

Posted: Aug 18, 2025

Swiss Re and Berkshire Hathaway top global reinsurer rankings

Reinsurance News

New data from AM Best reveals that Swiss Re has taken over from Munich Re as the world’s largest reinsurer for companies that report under IFRS 17, with Berkshire Hathaway taking the top spot for non-IFRS 17 reporters, based on year-end 2024...

Posted: Aug 18, 2025

Google Agrees $36 Million Fine for Anti-Competitive Deals With Australia Telcos

Insurance Journal

Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country’s two largest telcos to pre-install its search application on Android phones, exclud...

Posted: Aug 18, 2025

California’s new take on wildfire loss models, and what this means for property insurers

Insurance Journal

The California Department of Insurance (CDI) has made some serious moves to tackle the state’s insurance crisis head on, last year launching its Sustainable Insurance Strategy (SIS). With the SIS came a set of initiatives to help insurers offer...

Posted: Aug 18, 2025

Profitability strong for global emerging market reinsurers: Fitch

Reinsurance News

According to Fitch Ratings, the profitability of the global emerging market reinsurer group, which includes Patria, Ocean Re, Eureka Re, Oman Re, and ASR Re, has been strong, with return on equity generally ranging from 5% and 22% over the past tw...

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US Coast

Insurance Journal

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US But High Surf and Rip Currents

Insurance Journal

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Hurricane Erin Back to Category 4, on Track to Miss US; High Surf, Rip Currents Expected

Insurance Journal

Hurricane Erin has re-intensified after moving past Puerto Rico, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast later this week. Erin’s top winds strengthened to 130 …

Posted: Aug 18, 2025

Update: Hurricane Erin Strengthens, Threatens East Coast With Rough Surf

Insurance Journal

Hurricane Erin has re-intensified as it moves past the Bahamas, with the dangerous storm expected to increase in size and remain over the ocean as it churns off the US East Coast, battering beaches later this week. Erin’s top winds …

Posted: Aug 18, 2025

Update: Hurricane Erin Strengthens, Threatens US East Coast With Rough Surf

Insurance Journal

Hurricane Erin will likely become even larger as it churns past the Bahamas, avoiding land but raising the risk of high winds and flooding hundreds of miles away along North Carolina beaches. Erin’s top winds measured at 140 miles (225 …

Posted: Aug 18, 2025

Howden Re names Candy Wong as Head of Treaty for Hong Kong

Reinsurance News

Howden Re, the global reinsurance broking arm of Howden Group, has appointed Candy Wong as Head of Treaty for Hong Kong, effective August 18th, 2025. The appointment aims to further strengthen Howden Re’s commitment to building a differentiated, c...

Posted: Aug 18, 2025

Texas Blames ESG Goals in Probe of Xcel Over 2024 Wildfires

Insurance Journal

The Texas attorney general is investigating utility Xcel Energy Inc. and its contractor for two wildfires that devastated the state last year, saying the companies may have prioritized environmental and diversity goals over maintenance and safety. &#...

Posted: Aug 18, 2025

Acquinex bolsters senior leadership team with appointment of Josh Cowen as CEO

Reinsurance News

Acquinex, the specialist financial lines managing general agent (MGA), has strengthened its leadership team with the appointment of Josh Cowen as Chief Executive Officer (CEO). This appointment follows that of both co-founders, Chris Jackson and C...

Posted: Aug 18, 2025

AM Best revises credit ratings for Milli Re, citing improved capital position and economic stability

Reinsurance News

AM Best, a credit rating agency focused on the insurance industry, has upgraded the credit ratings of Millî Reasürans Türk Anonim Şirketi (Milli Re), a Türkiye-based reinsurance company. The Financial Strength Rating (FSR) has been raised from C+...

Posted: Aug 18, 2025

Carrier Revenue Growth Expected to Outpace Hiring in Next Year

Insurance Journal

Approximately 81% of insurance companies expect to increase their revenue in the next 12 months, but only about 53% expect to increase their staff in that same period, according to a new insurance labor market outlook study from The Jacobson …

Posted: Aug 18, 2025

Tampa Woman Posed as Insurance Agent, Used App to Take Payments, Indictment Says

Insurance Journal

A September trial for a Tampa woman charged with posing as an insurance agent and keeping thousands of dollars in auto insurance premiums has been postponed until December. Katrenia Lynette Harris, 54, was indicted by a federal grand jury in …

Posted: Aug 18, 2025

New York City Reports 4th Person Died Has After Legionnaires’ Disease Outbreak

Insurance Journal

A fourth person has died in connection with a Legionnaires’ disease outbreak in New York City, health officials disclosed Thursday as they revealed that some cooling towers that tested positive for the bacteria are in city-run buildings. The ou...

Posted: Aug 18, 2025

Hupman promoted to SRS Bermuda Head of Office, Reiss appointed Chair

Reinsurance News

Strategic Risk Solutions (SRS), a provider of insurance management and consulting services, has announced the promotion of Andrew Hupman to Head of Office for SRS Bermuda. Hupman has been with the SRS Bermuda office since 2008 and will continue to...

Posted: Aug 18, 2025

New York City Reports 4th Person Has Died After Legionnaires’ Disease Outbreak

Insurance Journal

A fourth person has died in connection with a Legionnaires’ disease outbreak in New York City, health officials disclosed Thursday as they revealed that some cooling towers that tested positive for the bacteria are in city-run buildings. The ou...

Posted: Aug 18, 2025

Trump’s Debanking Order Could Create Uncertainty for Banks, Sources Say

Insurance Journal

U.S. President Donald Trump’s executive order requiring banks not to discriminate against clients on political or religious grounds could create uncertainty and administrative headaches for the industry, sources said. Trump signed an executive...

Posted: Aug 18, 2025

People Moves: Chieppo Joins Mechanic Group; Foster Named Chair of NY Workers’ Comp Board

Insurance Journal

The Mechanic Group Appoints Chieppo Practice Leader The Mechanic Group, a division of Specialty Program Group LLC (SPG) headquartered in Pearl River, New York, appointed Candace Chieppo as practice leader. She is responsible for delivering coverage a...

Posted: Aug 18, 2025

The Rising Public Sector Cyber Threat

Risk & Insurance

Public entities are facing escalating cyber threats with government organizations ranking among the top three industries targeted by cybercriminals. Cyber insurance is increasingly essential for protecting critical infrastructure and citizen data....

Posted: Aug 17, 2025

Harnessing AI for Insurance Innovation: Strategies for Effective Pilots

IIR

Guardian’s Andrew Holshouser shares AI and machine learning strategies to streamline pilots, measure results, and accelerate adoption across insurance operations.

Posted: Aug 17, 2025

Mercury Insurance Files California Homeowners Rate Plan

IIR

The filing would expand coverage in wildfire-prone areas using the state’s new Sustainable Insurance Strategy.

Posted: Aug 17, 2025

Texas Windstorm Deploys Guidewire InsuranceSuite on Cloud

IIR

The Texas Windstorm Insurance Association has migrated from on-premises systems to Guidewire Cloud Platform to streamline operations.

Posted: Aug 17, 2025

Gas Valve Failure May Have Led to Fatal US Steel Plant Explosion

Insurance Journal

Preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead and sent 10 to hospitals, the company said Friday. U.S. Steel said it developed the information, …

Posted: Aug 17, 2025

The Insurance Polycrisis: Don’t Panic, Prepare! 

Insurance Thought Leadership

The Insurance Polycrisis: Don’t Panic, Prepare!  ITL Editorial Team Sun, 08/17/2025 - 16:59 ...

Posted: Aug 17, 2025

Vertical AI Agents in Insurance

Insurance Thought Leadership

Vertical AI Agents in Insurance AI & Machine Learning

Posted: Aug 17, 2025

What Every Insurance IT Leader Should Be Asking

Insurance Thought Leadership

What Every Insurance IT Leader Should Be Asking Data Analytics

Posted: Aug 17, 2025

Cross-Selling and Upselling at TPAs

Insurance Thought Leadership

Cross-Selling and Upselling at TPAs Claims

Posted: Aug 17, 2025

Embedded Insurance for Freight

Insurance Thought Leadership

Embedded Insurance for Freight Ecosystems

Posted: Aug 17, 2025

Transforming Catastrophe Modeling: The LLM Imperative

Insurance Thought Leadership

Transforming Catastrophe Modeling: The LLM Imperative ITL Editorial Team Sun, 08/17/2025 - 14:56 ...

Posted: Aug 17, 2025

Transforming CAT Modeling: The LLM Imperative

Insurance Thought Leadership

Transforming CAT Modeling: The LLM Imperative Risk Management

Posted: Aug 17, 2025

When the Backbone Breaks: Real-World Risks of Mainframe Bugs on the Insurance Industry

Risk & Insurance

Staff training is crucial in defending insurance company mainframe vulnerabilities. The post When the Backbone Bre...

Posted: Aug 17, 2025

Mercury Seeks 6.9% Rate Increase in Filing Based on New Cat Modeling Regulation

Insurance Journal

Mercury Insurance said it has submitted a filing based on California’s new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use the Verisk Wildfire catastrophe model, which...

Posted: Aug 15, 2025

Underwriting Q&A: Building Smarter Risk Tools

Insurance Thought Leadership

Underwriting Q&A: Building Smarter Risk Tools From Our Partners sradomski Fri, 08/15/2025...

Posted: Aug 15, 2025

Modives and Venn launch renters insurance solution

coverager

The partnership embeds Modives’ CheckMy Resident platform into Venn’s resident operating system.

Posted: Aug 15, 2025

Plymouth Rock and Innovative launch auto discount program

coverager

The program gives Innovative’s clients and employees exclusive discounts.

Posted: Aug 15, 2025

TPA adopts CalcFocus for life and annuity

coverager

The end-to-end solution will cover sales illustrations, new business processing, billing, commissions, and claims.

Posted: Aug 15, 2025