Insurance Business America

Move aims to stabilize long-term property market position as storm losses rise Progressive Corp is temporarily restricting new homeowners (HO3) policies for certain agents in Texas, according to a company

Adjustments to net worth requirements made as part of the deal Enstar Group has entered into amended and restated agreements in connection with its merger with a private equity entity,

"It has taken 17 years to get to that point" Earlier this year, AM Best revised its market segment outlook for the global reinsurance industry to positive, for the first

Loss cost growth and social inflation drive demand for stricter cover limits Reinsurers are expected to seek double-digit increases in US casualty premium rates during the January 2025 renewals, according

Reinsurance specialist's chief scientist to lead the advisory board The National Science Foundation (NSF) and the National Oceanic Atmospheric Administration (NOAA) are backing an initiative aimed at addressing the growing

Hiring aims to enhance operations and align technology to support growth Consilium, the global specialty re/insurance broking business of the Aventum Group, has announced the appointment of Marie McCutcheon (pictured

With outsourcing growth, managing vendor threats becomes a top priority Potential risks from external vendors, service providers, and partners—collectively known as third-party risks—are becoming a growing concern for banks, according

MGA leader talks about M&A red flags and the one question that helps uncover cultural alignment Amid fast-paced mergers and acquisitions (M&A) across the insurance industry, organizations often admit to

Retirees claim the deal violated fiduciary duties Bristol-Myers Squibb Co is facing a class-action lawsuit related to a $2 billion pension risk transfer deal made five years ago with Athene

Wind and storm surge drive estimated losses Estimated losses from Hurricane Francine could reach $1.5 billion, including insured wind and storm surge losses, according to data from CoreLogic. The modeling