Kraft, other companies beat test lawsuit over ultra-processed foods
Kraft, Mondelez, Coca-Cola, and several other major food companies have beaten a lawsuit accusing them of designing “ultra-processed” foods to be addictive to children, causing chronic disease.
Marsh unit files another poaching suit against Alliant
Marsh & McLennan Agency on Thursday sued several former brokers and Alliant Insurance Services alleging the rival brokerage encouraged the staff to breach nonsolicitation agreements.
Greggains succeeds Kerr at Novatae
Novatae Risk Group said Monday that former CEO Richard Kerr left the company effective Aug. 22 and named its president, Nick Greggains, as his successor.
Bain Capital backs Crestwell Underwriters launch
Crestwell Underwriters launched Monday with backing from Bain Capital Insurance, the dedicated insurance investing unit of Bain Capital.
Build-A-Bear lawsuit gets squished
Jazwares, the Berkshire Hathaway-owned maker of Squishmallows, has agreed to end a lawsuit against Build-A-Bear Workshop over its alleged knockoffs of the popular plush toys, according to a filing in Los Angeles federal court, Reuters reported.
Sedgwick names chief financial officer
Sedgwick on Monday said Kalani Reelitz has joined the claims management company as chief financial officer.
Business Insurance names 2025 Herndon Award winner
Jerald L. Tillman, an independent agency owner and founder of the National African American Insurance Association, is the 2025 Alonzo Herndon Award winner.
Musk’s xAI sues Apple, OpenAI over AI competition, App Store rankings
Billionaire entrepreneur Elon Musk’s artificial intelligence startup xAI sued Apple and ChatGPT maker OpenAI in U.S. federal court in Texas on Monday, accusing them of illegally conspiring to thwart competition for artificial intelligence.
Alive Risk makes underwriting appointment
Alive Risk said Monday it named former U.S. Risk Insurance Group executive Scott Carroll underwriting director of entertainment programs.
Judge can’t vacate jury verdict in negligence case in workplace event
A jury’s finding that employees of a Mazda dealership were not acting in the course and scope of their employment when one seriously injured the other in a car accident is supported by the evidence and can’t be vacated by a judge, a Texas appeals court ruled on Wednesday.
Africa Re’s profits climb 20%
Nigeria-based Africa Reinsurance Corporation posted a first-half 2025 net profit of $103 million, up 20% from a year earlier, Middle East Insurance Review reported. Gross written premiums increased 15% to $644 million, while gross reinsurance revenue rose nearly 16% to $613 million.
Asian reinsurers eye Bermuda for growth opportunities
Asian reinsurers are ramping up global expansion strategies, with Bermuda emerging as a key hub, according to a new report by A.M. Best, The Royal Gazette reported. Hong Kong-based Peak Reinsurance Company Ltd. recently established Peak Reinsurance North America Ltd. in Bermuda to underwrite U.S. motor and casualty risks, diversifying away from Asia’s catastrophe-prone property […]
Postal services worldwide suspend shipments to U.S.
Postal services worldwide are suspending shipments to the U.S. ahead of the Aug. 29 removal of the de minimis exemption, which had allowed more than 4 million parcels a day to enter duty-free, MSN reports, citing Bloomberg. Carriers in Asia and Europe, including Korea Post, Singapore Post Ltd., Norway’s Posten Bring AS and Finland’s Posti […]
FM Global to start operations in Brazil
U.S.-based FM Global Insurance Company Ltd. has obtained a license to operate in Brazil through its São Paulo subsidiary FM Seguros, Life Insurance International reported. The move allows the commercial property insurer to provide direct access to its business model and expand engagement with local brokers and companies.
Turkish ports look to bar ships linked to Israeli
Turkish port authorities have begun informally requiring shipping agents to provide letters confirming that vessels are not linked to Israel and are not carrying military or hazardous cargo bound for the country, Hellenic Shipping News reports, citing Reuters. Sources said the directive, which applies to ports nationwide, means ships arriving from or departing to Israel […]
Sava Re’s profits dip as claims mount
Slovenia-based Pozavarovalnica Sava dd posted a profit before tax of 9.3 million euros ($11 million) in the first half of 2025, down 26% from a year earlier, as the insurance result dropped nearly 18% to €10 million due to higher claims, Reinsurance News reported. While gross written premiums rose 13% to €91 million, the combined […]
ETG Insurance enters Turkish market with new partnership
Dubai-based ETG Insurance & Risk Solutions DMCC has formed a strategic partnership with Turkey-based BrokerPlus Ltd., marking its formal entry into the Turkish market, XPRIMM reports, citing Middle East Insurance Review. The alliance merges ETG’s global reinsurance capabilities in London and Dubai with BrokerPlus’s local expertise to better serve Turkish companies expanding across Africa and […]
Czech Republic’s insurers see surge in fire-related claims
Czech Republic insurers reported a sharp surge in fire-related claims in the first half of 2025, with insured damages reaching 2.9 billion Czech koruna ($138 million), up 147% from a year earlier, according to the Czech Insurance Association, XPRIMM reported. The number of reported fire cases climbed 15% year-on-year to 2,871, while average claim values […]
Azerbaijan warns of threat to ports in Caspian Sea
Azerbaijan’s Ecology Ministry has raised alarm over the Caspian Sea’s rapidly falling water levels, warning of mounting damage to ports, oil shipments and marine life, Hellenic Shipping News reports, citing Reuters. Officials said cargo volumes at the Dubendi oil terminal, an Azerbaijan port, fell to 810,000 tons in the first half of 2025 from 880,000 […]
Egyptian insurance sector’s premiums climb 30%
Egypt’s insurance sector collected 56.8 billion Egyptian pounds ($1.2 billion) in total premiums in the first half of 2025, up 30% from EGP43.6 billion a year earlier, Middle East Insurance Review reports, citing Al Mal News. Nonlife premiums contributed EGP32.3 billion, rising 38% year-on-year from EGP23.4 billion.