Judge cans PepsiCo lawsuit
PepsiCo has resolved a lawsuit accusing it of falsely marketing its Gatorade protein bars as good for you, though they contain more sugar than protein and more sugar than Snickers bars and chocolate-frosted Dunkin’ donuts, Reuters reported.
Amwins introduces cyber insurance product
Specialty broker Amwins on Tuesday launched its Cyber+ cyber insurance product for small and medium-sized enterprises.
Ryan Specialty acquiring Toronto-based MGU
Ryan Specialty said on Tuesday it has signed an agreement to acquire Toronto-based managing general underwriter Stewart Specialty Risk Underwriting.
FM hires former Liberty Mutual exec as finance chief
Property insurer FM announced Tuesday that it has hired Alison Erbig, a former Liberty Mutual executive, as its chief financial officer.
Everest divesting retail renewal rights to sharpen focus
Everest Group’s exit from global retail insurance will position the company to focus on more profitable lines, its top executives said Tuesday.
Benchmark Gensuite launches AI product for environmental health, safety
Benchmark Gensuite on Tuesday announced the launch of an artificial intelligence product to help employers manage their environmental health and safety risks and protocols.
Texas sues Tylenol makers J&J and Kenvue, claiming they hid drug’s autism risks
The makers of Tylenol, Johnson & Johnson and Kenvue, were sued on Tuesday by Texas Attorney General Ken Paxton, who accused them of knowingly hiding the drug’s supposed links to autism and attention deficit hyperactivity disorder.
Hartford sees 41% rise in Q3 profit due to lower cat losses, higher premium
Hartford Financial Services Group on Monday posted third-quarter net income of $1.07 billion, up 41% from the same period last year, the result of higher premium and lower catastrophe losses, company officials said on an earnings webcast.
Blackstone buys India’s Ace Insurance Brokers for $400 million
U.S.-based Blackstone Inc. acquired a majority stake in Mumbai-based Ace Insurance Brokers Private Ltd. for about $400 million, MSN reports, citing The Times of India. Blackstone’s investment is intended to support Ace Insurance Brokers’ technological upgrades and the expansion of its reinsurance business and global presence.
Massive storm barrels down on Jamaica
Catastrophic flooding, destructive winds and a storm surge up to 13 feet are battering Jamaica as Hurricane Melissa – the strongest storm on Earth so far this year – crawls toward the island, CNN reported. The rare Category 5 hurricane, packing sustained winds of 175 miles per hour, is expected to cause severe damage […]
Luxembourg court ruling costs HSBC $1.1 billion
U.K.-based HSBC Holdings plc said it will book a $1.1 billion provision in the third-quarter after Luxembourg’s Court of Cassation partially rejected its appeal in a long-running lawsuit linked to Bernard Madoff’s Ponzi scheme, MSN reports, citing Reuters. The ruling concerns HSBC’s Luxembourg unit, which was sued in 2009 by Herald Fund SPC for […]
Cyclone pushes reinsurance pool into $794 million deficit
Australia’s cyclone reinsurance pool posted a 1.2 billion Australian dollars ($794 million) operating deficit for 2024-25 after Ex-Tropical Cyclone Alfred caused AUD1.8 billion in estimated losses, the Australian Reinsurance Pool Corporation said, Insurance News reported. Despite the setback, the corporation said the pool remains financially sound and forecast a AUD26 million operating surplus and […]
Gallagher Re flags APAC insurance slowdown
Premium growth in Asia-Pacific’s insurance markets has slowed in 2025 amid rising competition, weaker trade and falling interest rates, according to Arthur J. Gallagher (U.K.) Ltd., Insurance Asia reported. Vietnam led the region with 16% non-life premium growth, followed by India at 13% and Malaysia at 8%, while mature markets such as Singapore, South Korea […]
India’s GIC Re appoints interim chairman, MD
General Insurance Corporation of India Ltd. has appointed Hitesh Ramesh Chandra Joshi as interim chairman and managing director effective Oct. 1, Reinsurance News reported. Joshi, currently executive director, will hold the post for up to three months or until a permanent successor is named. His appointment comes after Narayanan Ramaswamy completed a two-year term as […]
Allianz Trade warns of surging insolvencies across Asia
France-based Allianz Trade expects global business insolvencies to keep rising through 2026, led by steep increases in Asia, Insurance News reported. Company failures are up 33% in Hong Kong and 22% in Singapore, while Australia’s insolvency rate has reached a 10-year high.
Liberty Mutual Re appoints new international casualty CUO
U.S.-based Liberty Mutual Reinsurance has appointed Andrew Aldwinckle as international casualty chief underwriting officer, effective Feb. 1, 2026, Global Reinsurance reported. Based in London, he will oversee underwriting strategy and performance across the reinsurer’s global casualty platforms in the U.K., Europe, Singapore, Australia and Latin America.
Deadly vessel crash halts traffic in shipping chokepoint
A collision between a Singapore-registered container ship and a Chinese bulk carrier caused the latter to sink off Guangzhou, China, on Oct. 25, WorldCargo News reported. The impact occurred in the congested Pearl River Estuary, one of China’s busiest and most complex waterways, forcing temporary navigation suspensions at Nansha, Huangpu and Humen terminals.
Aon names new EMEA executives
Aon plc has appointed Andrew Secker as EMEA chief client officer and Daniele De Bosini as EMEA chief broking officer in its reinsurance solutions unit, Life Insurance International reported. Secker most recently led EMEA regional clients and De Bosini served as EMEA strategic growth leader.
Brown & Brown sees property rates under pressure, reports growth
Property catastrophe insurance rates, which fell 15% to 30% in the third quarter, will likely continue to fall for the rest of the year, and the declines could accelerate toward year-end if there are no significant catastrophe losses, Brown & Brown’s top executive said Tuesday.
Patient care recordkeeping key to cutting nurse med mal claims
Nursing professionals should carefully document patient care to avoid malpractice claims, which experts say are increasing in severity.