Former Marsh execs fight restraining order request
In a court filing Thursday, four former Marsh executives who joined rival Howden pushed back against accusations they breached nonsolicitation agreements and asked the judge to deny Marsh’s temporary restraining order request.
Judge denies TRO in Acrisure case against former deal partner
A federal judge Wednesday denied Acrisure’s request for a temporary restraining order against the owner of an insurer from which it bought a third-party administrator and affiliated companies for “hundreds of millions.”
Musk, X to settle $500 million lawsuit over Twitter firings
Elon Musk and his social media company X Corp. have reached a tentative agreement to settle a lawsuit filed by former Twitter employees who said they were owed $500 million in severance pay.
Fitness club says allegations carry no legal weight
The company that runs L.A. Fitness health clubs is pushing back on allegations by the U.S. Federal Trade Commission that there’s a slim chance the company will easily cancel your membership agreement.
New CEO for US Assure
Ryan Specialty Underwriting Managers named the president of builders risk underwriting manager US Assure the unit’s new CEO, effective Sept. 1.
Intact hires former Nationwide exec to lead distribution
Intact Specialty Solutions said Thursday it named Tony Beal chief distribution officer for the United States.
US lawmakers consider bill to protect warehouse workers
Piggybacking on state efforts to provide employers with warehouse operations guidance on workplace quotas, rest breaks and worker surveillance, the U.S. Senate is now considering legislation that would do much of the same for workers in all 50 states.
Marsh names global head of aviation, space
Marsh said Thursday it has named Brian Glod global head of aviation and space and Tony Ambrose global chairman of aviation and space, effective Sept. 1.
Agreement compels arbitration for wrongful death of unborn child
A Texas appellate court on Tuesday ruled a trial court erred in denying a motion to compel arbitration by finding that a woman suing over the death of her unborn son was a transportation worker and exempt from the Federal Arbitration Act.
Corporate security software firm raises $230 million
Ontic has raised $230 million in a funding round led by alternate investment firm KKR, it said on Thursday, as it seeks to integrate artificial intelligence into its corporate security software and expand globally.
Trump’s big civil fraud penalty thrown out by New York appeals court
In a triumph for Donald Trump, a New York state appeals court on Thursday threw out an approximately half-billion-dollar penalty against the U.S. president, in a fraud case that had been one of his biggest legal setbacks before his return to the White House.
Sompo ‘in takeover talks’ with Aspen Insurance
Japan-based Sompo Holdings Inc. is reportedly in detailed takeover talks with Bermuda-based Aspen Insurance Holdings Ltd., according to BMO Capital, Investing.com reported. U.S.-based Apollo Global Management Inc., which owns about 82% of Aspen after acquiring it in 2019, has long sought a strategic buyer, and the discussions now suggest a potential deal path. The move […]
European reinsurers record strong property/casualty profits
Europe’s big four reinsurers – German firms Munich Re and Hannover Ruck SE, Switzerland-based Swiss Re Ltd. and France’s SCOR SE – achieved record peak profitability in property and casualty reinsurance in the first half of 2025, according to Fitch Ratings, Reinsurance News reported. The gains were the result of low natural catastrophe losses, strong […]
Hannover Re launches ILS unit
Germany-based Hannover Ruck SE has launched a new Bermuda-based underwriting agent and insurance-linked securities investment manager subsidiary, Artemis reported. Hannover Re Capital Partners in Bermuda will enable Hannover Re to underwrite more non-proportional catastrophe business while earning fee and performance income.
Global reinsurance capital on record pace
Global reinsurance capital is projected to hit a record $649 billion in 2025, up from $607 billion last year, as market concentration eases with mid-sized players and third-party capital gaining share, according to a report by A.M. Best, Reinsurance News reported. Traditional capital is expected to reach $535 billion, while third-party capital is forecast to […]
Triglav Group’s profits jump 21% as premiums hit $1.3B
Slovenia’s largest insurer Triglav Group posted a net profit of 91 million euros ($106 million) in the first half of 2025, a 21% year-on-year increase, according to its parent company Zavarovalnica Triglav dd, SeeNews reported. The group’s total business volume rose 18% to €1 billion, while consolidated gross written premiums also climbed 18% to €1 […]
Two Saudi insurers agree to merge
Saudia Arabia-based firms Salama Cooperative Insurance Company and Saudi Enaya Cooperative Insurance Company signed a binding merger agreement on Aug. 14, under which Enaya will merge into Salama, Middle East Insurance Review reported. The deal will delist Enaya’s shares and increase Salama’s capital to 489 million Saudi Arabian riyals ($130 million) from SAR300 million, […]
70% of businesses underinsured, Howden warns
Australia-based Howden Pacific Holdings Pty Ltd. warned that about 70% of the country’s businesses are underinsured, with property and asset values typically short by 30%, Insurance Asia reported. CEO Matt Bacon noted that the problem is especially acute for SMEs, adding that outdated valuations, short business interruption indemnity periods and exclusions for risks such as […]
Coalition expands cyber insurance operation to France
U.S.-based Coalition Inc. has launched its Active Cyber Insurance in France through its subsidiary Coalition Insurance Solutions GmbH, supported by multi-year capacity from Allianz Global Corporate & Specialty SE, Reinsurance News reported. The product offers coverage of up to 1 billion euros ($1.2 billion) on a primary basis, combining cyber insurance with cyber security tools, […]
Africa Specialty Risks expands
U.K.-based Africa Specialty Risks Ltd. has received accreditation from the National Bank of Rwanda to provide reinsurance capacity in the country, Reinsurance News reported. The authorization applies across the Africa Specialty Risks Group, including ASR Re Ltd., its MGA and Lloyd’s Syndicate 2454, which is now the only Lloyd’s market participant accredited in Rwanda. The […]