Hamilton snags group chief risk officer from Old Republic
Hamilton Insurance Group on Wednesday named Russ Buckley, formerly with Old Republic Specialty Insurance Underwriters, as group chief risk officer.
AIG posts higher profit on underwriting strength
American International Group reported a higher second-quarter profit on Wednesday, powered by strong underwriting gains and higher returns on investments.
Tort reform advocate Victor Schwartz dies
Longtime civil justice reform advocate Victor Schwartz died July 28 at age 85.
Top 10 Off Beats from July
Travel insurance and common sense board first in the Off Beats this summer.
Resilience hires former At-Bay exec for distribution, strategy role
Resilience on Wednesday announced the appointment of former At-Bay executive James C. Riviezzo as head of North American distribution and strategy.
D&O prices slip further in second quarter: Aon
Directors and officers liability insurance buyers again paid less for coverage for policies renewing in the second quarter as prices continued to fall, but the pace of the declines decelerated, according to Aon’s latest D&O pricing index.
Hiscox to buy two units from Vouch
Hiscox said Wednesday it agreed to acquire Corix Insurance Services and Vouch Insurance from online broker Vouch.
Datavant acquires comp health records company
Datavant on Wednesday announced its acquisition of Ontellus, a Houston-based health records retrieval and claims intelligence company providing services for organizations managing workers compensation claims.
Player transfers could create disclosures headache for Bayer
Well, this could kick off D&O claim activity. Says Reuters: Bayer investors are concerned that “earnings were inflated by soccer player transfer fees rather than supported by its core healthcare and agriculture businesses,” an issue that helped send its shares down 4.7% Wednesday.
L.A. fires drive P&C underwriting loss for PartnerRe
Bermuda-based reinsurer PartnerRe Ltd. reported a non-life underwriting loss of $333 million for the first half of 2025, with a combined ratio of 113%, primarily driven by catastrophe losses from the California wildfires, The Royal Gazette reported. Despite these headwinds, the company reported a net income of $493 million for the first six months of […]
Severe rains disrupt transportation, flights
Heavy rain in Hong Kong on Aug. 5 triggered landslides, flooding and severe transport disruptions, delaying at least 431 flights and cancelling 12, The Straits Times reports, citing Bloomberg. The storm caused at least 18 landslides, including in the upscale Mid-Levels district, prompting court adjournments, metro exit closures and the suspension of open trading at […]
Lloyd’s taps former Hiscox exec as COO
Lloyd’s of London has appointed Stephane Flaquet as chief operating officer effective Sept. 1, subject to regulatory approval, ending his 15-year tenure at Bermuda-based Hiscox Ltd., Reinsurance News reported. Flaquet, who most recently served as group chief operations and technology officer at Hiscox, will oversee Lloyd’s operations strategy, including technology, data and change initiatives.
Reinsurer M&As may rise as organic growth ebbs: Report
Mergers and acquisitions could become more attractive for large reinsurers as organic growth slows amid rising competition, according to European investment bank and asset manager Berenberg, Reinsurance News reported. Berenberg’s second-quarter sector update maintained a positive outlook on France-based SCOR SE, Swiss Re Ltd., Bermuda-based Conduit Reinsurance Services Ltd. and German firm Hannover Rueck SE, […]
Supply chains weak spot: cyber vulnerabilities
Munich Re’s head of cyber Asia, Chris Baker, warned that APAC’s central role in global manufacturing and logistics leaves it highly exposed to supply chain cyber attacks, which could cost the global economy more than $100 billion in the coming years, Asia Insurance Review reported. He cited systemic vulnerabilities from dominant cloud providers, poor visibility […]
Shipbuilder Hyundai sued over Baltimore bridge crash
Singapore-based Grace Ocean Private Ltd. and Synergy Marine Private Ltd. have sued South Korea’s HD Hyundai Heavy Industries Company Ltd., alleging design defects in the container ship Dalio caused its March 2024 collision with the Francis Scott Key Bridge in Baltimore, Hellenic Shipping News reports, citing Chosun Biz. The suit claims faulty switchboard wiring led […]
Berkley Re UK names Ashley as new president
U.S.-based W. R. Berkley Corporation has appointed Wayne Ashley as president of its subsidiary, Berkley Re U.K. Ltd., effective October 2025, with plans for him to succeed Clare Himmer as CEO upon her retirement at the end of the year, Reinsurance News reported. Ashley brings over three decades of experience in the international reinsurance market […]
Typhoon closes ports causing severe delays
Typhoon Co-May forced the temporary closure of Shanghai and Ningbo ports in China, backing up more than 1 million twenty-foot equivalent units in the Yangtze River Delta and causing delays of up to a week, Seatrade Maritime News reported. Flooding and unsafe conditions also halted warehouse operations in Ningbo, while German container shipping line Hapag-Lloyd […]
Colombian insurance brokerage in buying binge
Chariot & Castle Seguros SAS, a property and casualty insurance brokerage operating in Colombia under the name Grupo ilao, said that it had acquired 21 brokerages across seven cities over the past two years, Reinsurance News reported. The expansion places Grupo ilao among Colombia’s top five brokerages and supports plans for further acquisitions in Latin […]
Comp ‘routine tasks’ have led to more AI in industry: study
Forty-six percent of workers compensation claims professionals spend as much as 40% or more of their time on routine tasks, with 23% saying they allocate just as much time to regulatory compliance, according to research published Wednesday by Rising Medical Solutions.
Judge blocks Trump administration from diverting disaster prevention grants
A federal judge on Tuesday issued a preliminary injunction blocking the Trump administration from diverting money from a multibillion-dollar grant program aimed at providing infrastructure to protect communities against natural disasters.