Beazley lowers full-year growth guidance
Beazley on Tuesday reduced guidance for full-year growth to flat to low single digits but issued improved combined ratio guidance to the low 80s as the insurer announced nine-month results.
Four more arrested in Louvre heist probe
French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecutor Laure Beccuau said in a statement.
Aon hires former USI partner
Emmanuel Malicdem, a former partner and senior vice president at USI Insurance Services, has joined Aon as a senior vice president, commercial risk solutions.
California benefits to increase nearly 5% in 2026
Total disability benefits will increase nearly 5% next year to match the rise in the state’s average weekly wage, according to the California Workers’ Compensation Institute.
MSIG USA names head of North America cyber
MSIG USA said Tuesday it named former Ryan Financial Lines executive Ryan Kratz head of cyber, North America.
NFP names commercial risk, programs leaders
NFP, an Aon company, announced Tuesday it appointed Tom Gillingham president of its commercial risk division, which includes commercial property and casualty, programs and wholesale business.
SRS names head of new captive unit
Strategic Risk Solutions announced Monday it appointed former American International Group captive insurance executive Robert Gagliardi as CEO of SRS Titanium.
Honk if you drive aggressively
Research from the AAA Foundation for Traffic Safety shows that 96% of drivers conceded that they used aggressive driving behaviors in the past year.
Madrid court hits Meta with $550 million penalty
A commercial court in Madrid ordered U.S.-based Meta Platforms Inc. to pay 479 million euros ($550 million) in compensation to domestic digital media outlets for data practices that breached competition and privacy rules, Reuters reports. Judges found the company gained an unfair advantage between May 2018 and July 2023 because it processed user data for […]
Sompo outlook strengthens on lower cat losses
Japan-based Sompo Holdings Inc. is expected to see stronger profitability as lower catastrophe losses and improving fire and casualty margins lift its outlook, according to Morningstar, Insurance Asia reported. The analyst said the insurer’s third-quarter results exceeded expectations, with net profit at 360 billion Japanese yen ($2.3 billion), and now forecasts about ¥520 billion in […]
Swedish Club sets 5% rate hike
Shipping insurer The Swedish Club will apply a 5% general increase for protection and indemnity as well as freight, demurrage and defense covers for the 2026-27 policy year, All About Shipping reported. The mutual insurer cited elevated average claims costs and an uncertain operating environment as drivers for the rate hike.
Howden names Alaric Lee Asia CCO
U.K.-based Howden Group Holdings Ltd. has appointed Alaric Lee as its Asia chief commercial officer effective Dec. 1, Reinsurance News reported. Lee spent more than 15 years in leadership roles at Marsh in London, Hong Kong and Asia and most recently served as managing director and corporate and commercial leader for Marsh Asia.
Study: Toxic mine pollution puts 70 million people at risk
A U.S.-based Stimson Center study found that more than 2,400 largely unregulated mines across mainland Southeast Asia may be releasing toxic chemicals such as cyanide and mercury into major river systems, threatening the livelihoods of more than 70 million people, The Japan Times reports, citing Reuters. Recent China-backed rare earth operations in Myanmar are linked […]
Swiss Re forecasts 2.3% global premium growth
Global premium is expected to grow 2.3% over the next two years as the world economy enters an expansionary phase, according to Swiss Re Institute, Insurance News reported. The reinsurer forecasts real non-life premium growth of 1.7% in 2026 and 2.5% in 2027, and said reindustrialization efforts and technological transformation will drive activity and strengthen […]
Businesses call for government-backed cyber insurance pool
The Business and Trade Committee has urged the U.K. government to expand reinsurance programs such as Pool Re to help private insurers cover rising cyber threats, Reinsurance News reported. The group said state-backed cyberattacks pose catastrophic risks that many insurers now exclude.
Business exposure to conflict zones increases: Report
Business exposure to armed conflict is increasing, with the number of corporate assets in conflict zones up 22% since 2021 and some sectors seeing more than 60% growth in exposure, according to U.K.-based Verisk Maplecroft, Global Reinsurance reported. Wars and worsening insecurity in several countries around the globe are creating risks like threats to staff […]
Thefts should spur security review at museums
A spike in thefts, including a brazen daytime heist of eight historic jewelry pieces from the Louvre in Paris, has highlighted the targeting of objects for their commodity value and should prompt museums to reassess their security measures.
Perspectives: Beyond the call — combating PTSD, addiction and suicide in first responders
Police officers, firefighters and paramedics run toward danger while others flee.
Data spotlight: Top 10 Risks Facing North American Organizations
Careful recordkeeping of patient care 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.