California's new wildfire loan law puts insurability at the center
A new California law builds insurer partnerships into wildfire-hardening finance
Insurance News
Japan watchdog moves to suspend Prudential Life Insurance over fraud scandal
Japan's Financial Services Agency (FSA) is set to issue a partial business suspension order against Prudential Life Insurance after employees defrauded customers over a 34-year period, according to me
Ex-Lloyds chief John Neal joins software developer LUSYi
Ex-Lloyd's CEO John Neal has joined software developer LUSYi as a non-executive chairman, according to a LinkedIn post. Neal joins the firm following a hiatus after leaving his position at Lloyd's in
Texas Mutual's former agency operations chief takes charge of Austin
John Grube, who ran the carrier's commission, safety group and agent onboarding programs, now leads its Austin region as Texas workers' comp rates continue to fall
Big "I" fills top roles as COO, head of for-profit arm depart
Three longtime staff take over finance, operations and the association's for-profit arm, which runs its E&O and market access programs
Marsh Agency closes Accel deal, adding Iowa agribusiness expertise
The Waverly-based firm's more than 130 staff and seven Midwest offices have now joined Marsh Agency, extending a push into farm and rural markets.
As APAC risk transfer market opens up, Marsh Re eyes parametric wind, bushfire cover
In a further indication of the way in which the APAC market is increasingly opening up to innovative forms of risk transfer, Marsh Re has suggested that wind and bushfire-related parametric products c
Marsh Agency merges East, Northeast regions under Andrew Neary
The middle-market broker has combined two US regions into a single unit of around 1,400 staff
IRDAI’s reform push needs a finer touch
Welcome to Full Capacity, a weekly briefing on all the most important developments of the past week with a personal take on the news from our editor-in-chief, Mithun Varkey, delivered to your inbox ev
Large property rates fall 14.5% as excess casualty increases show signs of peaking, Willis finds
Large property buyers just saw their steepest cuts in a decade, while new capacity starts to ease pressure in excess casualty
Viewpoint: State Socialism Meets Insurance
A free market with limited government intervention has long been a pillar of Republican economic orthodoxy. Today’s Republican party has deviated from its laissez-faire economic roots. It has in
Afore and Ascent form referral alliance for business owner clients
Referral alliance connects commercial coverage with life, succession and estate planning needs
International Criminal Court, AXA Cut Ties Amid Trump Campaign Against Court
The International Criminal Court has ended its contract with French life and health insurer AXA starting October 1 and will now be using a new health insurance provider, a spokesperson for the Hague-b
Allianz names new CEOs at Allianz Partners and Allianz Direct
Philipp Kroetz moves from Direct to lead Partners, with Partners COO Laurent Floquet taking over Direct, as Tomas Kunzmann heads to the Allianz SE board
Gallagher allegedly approved her disability accommodation - then fired her
The accommodation was approved. What happened next is now a federal case
Study: Residents Near Maui Wildfires Show Elevated Metals Linked to Lung Health Impacts
Metal mixtures found in the leftover smoke, ash and debris from the deadly 2023 Maui wildfires were harmful to the lung health of people living nearby long after the burning ended, a new study says. T
Motor vehicle tort filings hit 30-year high as lawsuits outpace accidents
Federal filings grew 5% annually from 2014 to 2024 while the broader civil docket shrank
Gallagher strikes deal to acquire Kiwi broker Albany Insurance Services
Gallagher has acquired Kiwi retail insurance brokerage Albany Insurance Services, according to a press release. The terms of the deal were undisclosed, with Albany set to operate under Gallagher’s New
Business Moves: Everest Completes Sale of Canadian Retail Operations to Wawanesa; Arthur J. Gallagher & Co. Buys New Zealand’s Albany Insurance Services
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the completion of the previously announced sale of its Canadian retail Insurance operations, to Wawanesa Mutual Insurance Co. In c
ANZ to Drop Scandal-Hit KPMG Australia as Auditor After 57 Years
ANZ Group Holdings Ltd. will part ways with KPMG Australia as its longtime external auditor, adding pressure on the accounting giant that has been grappling with the fallout from allegations it improp
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